Properties  /  Forest Hill

88 Russell Hill Rd

Sold over ask $11,200,000 6 bed7 bath8,400 sqft2018
Large stone house on the water's edge
"The market said one thing. The right buyer said another. We were paid to know the difference."

The seller came to us with a competing opinion already in hand. Another agent — a respected one, with the comp sheets to back it — had told them $9.5M, sixty days, clean. The argument was not unreasonable: most of the recent sales on the street had cleared at $1,150 per square foot, and an even number with a tight horizon was, on paper, the rational play.

We disagreed, and we told them why in writing. The house was a 2018 build to a single architect's brief — an architect whose name does not appear in print but whose work the right circles can identify in two photographs. The replacement cost alone, accounting for current trade rates and the lot's grade, was inside $9M before any premium for the build itself. The lot is generational; you do not get back to that frontage on Russell Hill at the asking. We thought $10.95M was supportable. We thought patience was the price.

The seller chose us. We controlled access tightly. Eleven private showings before any public exposure — each one accompanied, each one with a buyer we had vetted ourselves. Two pre-emptive offers came in the third week. The buyer who eventually won had been touring Forest Hill for nine months across three brokerages, and recognised something about the house's underwriting that the broader MLS audience would have taken six months and a price reduction to be told.

It closed at $11,200,000. 2.3% over our list, 17.9% over the number the seller had been told to take. We are quietly proud of it. Not because it was a record — it was not — but because it was the right number for the right buyer, found on the right timeline. That is the work.

$10.95M
List price
$11.20M
Sold price
23
Days on market
+2.3%
Over list
11
Pre-MLS showings
Forest Hill · Toronto
88 Russell Hill Rd
Particulars
Residence typeDetached estate
Lot size80 × 200 ft
Year built2018
Bedrooms6
Bathrooms7
Kitchens2
Lower levelWine, gym
PoolIndoor
Parking6 cars

What TSW did differently.

I.
We disagreed with the comp.
The earlier opinion was rational. It was also wrong for this asset. We put the alternate underwriting on paper and let the seller decide which reading we were prepared to defend.
II.
We earned the right to underwrite our own number.
We arrived with a thesis, not an aspiration — replacement cost, lot scarcity, architect identity priced in. The seller hired the thesis, not the headline.
III.
We controlled access.
Eleven private showings before MLS. Every visitor accompanied, every visitor pre-qualified. The house never met the wrong audience.
IV.
We gave the right buyer time to see it.
The eventual buyer had been quietly looking for nine months. The window we left between listing and best-and-final was deliberately wide enough for them to act decisively when they did.

Forest Hill

Forest Hill is where serious money has lived in Toronto, quietly, for four generations. Old-growth maples on streets that were laid out before the rest of the city had decided what it was going to be. Upper Canada College on the eastern edge. Forest Hill Village still operating at village scale. The kind of neighbourhood where neighbours do not ask one another what they do, because they already know the answer is that it is not the point.

Within walking distance
  • Upper Canada College
  • Forest Hill Village
  • Sir Winston Churchill Park
  • Cedarvale Ravine
On the table
  • Bishop's
  • La Vecchia
  • The Coffee Tree
  • Forest Hill Patisserie
Getting around
  • St. Clair West — Line 1
  • 90 Vaughan bus
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