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Forêt – The Peony
490 St Clair Avenue West, Toronto, ON M5P 0A2
Suites & layouts
Studio / Compact
One Bedroom
One Bed + Den
Two Bedroom
Three Bedroom
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- Complete floor plan package (PDF)
- Current pricing and available suites
- Deposit structure and incentives
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Renderings, brochure & floor plans
Official Brochure
The builder’s complete brochure including finishes and specifications.
Request the packageFloor Plan Package
Every available layout with dimensions, exposures and current pricing.
Request floor plansWhat matters here
Reported deposit structure has started with a $10,000 bank draft on signing — a low barrier to entry compared to standard 5% on signing.
Ceilings from 9 to 10 feet, which is above the Toronto norm and materially changes how compact suites feel.
Interiors by II BY IV DESIGN with architecture by BDP Quadrangle.
Parking has been priced separately around $124,000 — significant, and worth deciding on early.
Pricing, incentives and availability are set by the builder and change without notice. Confirm current terms with me before relying on them.
The facts
| Address | 490 St Clair Avenue West, Toronto, ON M5P 0A2 |
| Neighbourhood | Forest Hill South |
| Building type | Luxury condominium |
| Suite sizes | 332 – 994 sq ft |
| Bedrooms | 1 – 3 |
| Bathrooms | 1 – 3 |
| Ceilings | 9 ft to 10 ft |
| Ownership | Condominium |
| Listing status | Selling |
| Construction status | Pre-construction |
| Estimated completion | Summer 2027 |
| Builder | Canderel Residential |
| Architect | BDP Quadrangle |
| Interior designer | II BY IV DESIGN |
| Maintenance | ~$0.68 / sq ft* |
| Parking | ~$124,000* |
| Average price per sq ft | ~$1,433* |
| Realtor | Jatin Dua, RE/MAX Quantum Realty |
Building features
Jatin’s read on Forêt
Who this suits
Buyers who want a Forest Hill address and are comfortable with compact, well-designed space. The low initial deposit makes entry unusually accessible for this neighbourhood, and the 9-to-10-foot ceilings do real work in the smaller layouts. Suits professionals, pied-à-terre buyers and downsizers staying in midtown.
What to watch
At roughly $1,433 per square foot this is the most expensive project on my current list — you are buying the postal code. Parking at around $124,000 is a serious add-on. Suites start at 332 square feet, which is very small and can limit your resale pool and financing options with some lenders. Choose layout carefully.
The value question
Forest Hill rarely sees new construction, and scarcity supports long-term value in this pocket. The question is whether you would rather have 332 square feet in Forest Hill or nearly double that on the Queensway for similar money. Both are defensible — it depends on whether the address or the space matters more to you.
490 St Clair Avenue West
On St Clair West at the edge of Forest Hill South, on the St Clair streetcar line with St Clair West subway station nearby on Line 1. Casa Loma, the Wychwood Barns market, Forest Hill Village shops and the Beltline Trail are all within walking distance, and downtown is a direct subway ride.
Forêt questions
How much is Forêt – The Peony?
Publicly reported availability has ranged from roughly $521,900 to $1,592,900, at an average near $1,433 per square foot. Request the current price list for live numbers.
What is the deposit structure at Forêt?
Reported structures have started with a $10,000 bank draft on signing, followed by staged instalments. Request the current schedule — deposit terms change by release.
When will Forêt – The Peony be completed?
Estimated completion is Summer 2027. Builder timelines can shift; I confirm current dates directly with the developer.
Who is building Forêt – The Peony?
Canderel Residential, with architecture by BDP Quadrangle and interiors by II BY IV DESIGN.
Does parking cost extra at Forêt?
Parking has been reported around $124,000 as a separate purchase. Given the cost, decide early whether you need it or whether the location makes car-free living realistic.
How do I get floor plans and prices for Forêt – The Peony?
Request them through the form on this page. I send the current price list, the full floor plan package and any active incentives by email — usually the same day.
Is there a cost to work with a realtor on Forêt – The Peony?
No. On new construction the builder pays the cooperating brokerage commission, so you get independent representation on contract terms at no additional cost.
What deposit is required?
New construction deposits in Ontario are typically 15–20% staged over 12–24 months, though structures vary by project and release. Request the current schedule.
Can I cancel after signing?
Ontario provides a 10-day cooling-off period for pre-construction condominium purchases — the window for your lawyer to review everything.
What are development charges and can they be capped?
Municipal fees passed to buyers on closing that can reach tens of thousands. Capping them in writing is one of the most valuable clauses I negotiate.
Do I pay HST?
New homes in Ontario include HST in the price for buyers occupying as a principal residence, with rebates applied. Investors generally pay up front and claim the NRRP rebate after. Confirm with your accountant.
Can I rent the unit out?
Generally yes after final closing, subject to the condominium declaration. Many builders restrict leasing during interim occupancy — check the clause first.
Should I get mortgage pre-approval first?
Yes. Lenders assess you at final closing, which may be years away, so understanding your qualifying capacity now and again closer to closing prevents the most common problem in pre-construction.
Who is Jatin Dua?
Jatin Dua is a Realtor with RE/MAX Quantum Realty specializing in Etobicoke and Toronto real estate, including new construction and pre-construction condominiums across the GTA.
Forêt – The Peony is a new construction development. Prices, sizes, specifications, incentives and availability are set by the builder and are subject to change or withdrawal without notice. Figures shown are compiled from publicly available sources as at August 2026 and should be independently verified. Renderings are artist’s concepts and illustrative only. This page is for information purposes and is not an offering for sale; any such offering can only be made with an applicable disclosure statement and agreement of purchase and sale. Jatin Dua, Realtor, RE/MAX Quantum Realty. Not intended to solicit buyers or sellers currently under contract. E. & O.E.
Thinking about Forêt?
I’ll walk you through the floor plans, the contract terms worth negotiating, and whether the numbers work for your situation — before you commit to anything.
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