MLS® listing
516 Vesta Drive: detached house for sale
$5,200,000
From the listing brokerage
**A MASTERPIECE OF CUSTOM CRAFTSMANSHIP WITH EXPANSIVE GROUND** An extraordinary Lorne Rose creation showcasing timeless architecture, exceptional craftsmanship and luxurious finishes. From the natural stone exterior with limestone detailing to the soaring ceilings, spectacular custom kitchen and extensive millwork, every detail has been thoughtfully designed. The main floor features a porcelain-tiled foyer, high ceilings, circular staircase, custom-trimmed living room with built-ins and integrated speaker system, plus a sophisticated office with wood panelling and storage. The elegant dining room boasts a vaulted ceiling, pot lights and custom cabinetry, flowing into a butler's pantry with wine fridge. The spectacular custom kitchen features marble and granite countertops, custom marble backsplash, built-in refrigerator and freezer, extensive cabinetry and built-ins. A beautiful walkout opens to the expansive backyard, surrounded by mature trees and professionally designed landscaping. Upstairs, the spacious primary retreat features custom built-ins, backyard views and a luxurious 5-piece ensuite with two separate vanities, soaker tub and private water closet. Bedroom 2 offers a 4-piece ensuite with porcelain tile, while additional bedrooms are served by beautifully appointed bathrooms. A convenient second-floor laundry completes the level. The finished basement offers incredible versatility with a hardwood-floored recreation room, built-in cabinetry, refrigerator, gym, powder room, cold cellar/utility area and storage. A private nanny/guest suite includes a bedroom with built-in storage, closet and full bathroom. Walk out to the exterior or access the garage directly from the basement and mudroom. Outside, enjoy an expansive backyard and oversized side yard with mature landscaping, traditional wood gates and doors, and exceptional potential for outdoor living. The single-car garage with walkout to a garden area adds convenience.
Facts on the listing
| Square feet | 3500-5000 |
|---|---|
| Approximate age | New |
| Style | 2-Storey |
| Basement | Finished with Walk-Out |
| Lot width | 37.72 |
| Lot depth | 232.24 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 6 |
| Garage | Built-In |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Rooms | 13 |
| Property tax | $30,194 |
| Tax year | 2025 |
| Parking | Private |
| Interior features | None |
Listing courtesy of RE/MAX REALTRON REALTY INC.. MLS® C13849628.
About this detached house
516 Vesta Drive is a 5 bedroom detached house in TRREB's Forest Hill South community in Toronto, listed for sale at $5,200,000. The listing shows 6 bathrooms and 3500-5000 square feet. The style is given as 2-storey. The lot is listed as 37.72 by 232.24 feet. The listing gives the basement as finished with walk-out. It comes with 6 parking spaces and a built-in garage according to the listing. The nearest main intersection given is Bathurst/Eglinton. The age is listed as New years.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 516 Vesta Drive
At the asking price of $5,200,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $5,200,000 |
|---|---|
| Ontario land transfer tax | $116,475 |
| Toronto municipal land transfer tax | $172,975 |
| Both taxes | $289,450 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $1,040,000 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2025) | $30,194 a year, about $2,516 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
How the asking price compares
TRREB recorded 550 detached house sales in the City of Toronto in August 2026, at a median price of $1,170,000 and an average of $1,525,749. This home is listed at $5,200,000, which is $4,030,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 37.72 by 232.24 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
Similar homes for sale in Toronto
$1,150,00076 Viella Street, Toronto, ON M6N 5C85 bedrooms · 4 bathrooms · Semi-DetachedListed by SMART SOLD REALTY. MLS® W13802862
$4,990,00018 Blair Athol Crescent, Toronto, ON M9A 1X55 bedrooms · 6 bathrooms · DetachedListed by SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS® W13784180
$999,00094 Belgravia Avenue, Toronto, ON M6E 2M55 bedrooms · 2 bathrooms · DetachedListed by FOREST HILL REAL ESTATE INC.. MLS® W13814928
$1,229,99988 Rabbit Lane, Toronto, ON M9B 5S95 bedrooms · 4 bathrooms · DetachedListed by MARTIN GROUP. MLS® W13570138
$1,088,0001 Kenmanor Boulevard, Toronto, ON M1W 1R45 bedrooms · 3 bathrooms · DetachedListed by ROYAL LEPAGE SIGNATURE REALTY. MLS® E13876578
$2,299,000122 Brentcliffe Road, Toronto, ON M4G 3Y95 bedrooms · 4 bathrooms · DetachedListed by SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS® C13844564
Questions about 516 Vesta Drive
How much is land transfer tax on 516 Vesta Drive?
At the asking price of $5,200,000 the Ontario tax is $116,475 and the Toronto tax is $172,975, $289,450 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 516 Vesta Drive?
$1,040,000 at the asking price of $5,200,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 516 Vesta Drive?
The listing shows $30,194 a year for 2025, about $2,516 a month.
Is 516 Vesta Drive priced above or below the median?
It is listed at $5,200,000. The August 2026 median for detached house sales in the City of Toronto was $1,170,000 across 550 sales, so the asking price is $4,030,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 516 Vesta Drive?
Use the form on this page or call us. Quote MLS® C13849628. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 516 Vesta Drive still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). MLS®, Multiple Listing Service® and the associated logos are trademarks owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.