The Hill is a condo tower by Metropia at 1424 Yonge Street, a few steps north of St. Clair Avenue. It sits where Forest Hill, Deer Park and Summerhill meet. Suites start at $549,900 and completion is expected in the first quarter of 2028.
The cheapest way into an expensive neighbourhood
Houses around Yonge and St. Clair sell for several million dollars. Most of the condo buildings here are older, with large suites and high monthly fees. A new tower with a starting price about $102,000 below the city’s average resale condo price of $651,648 is unusual for the area.
At that price the suite will be small. Buyers here are often one of three types: a first-time buyer who works downtown, a parent buying for an adult child, or a downsizer from a nearby house who wants a pied-à-terre. If you are a downsizer looking for space, ask for the two-bedroom price list, not the starting price.
Why it is called The Hill
Yonge Street climbs steeply between Summerhill and St. Clair, along the old shoreline of Lake Iroquois. A tower at the top of that rise has long views south over the city and the lake from a lower floor than would be needed elsewhere. South-facing suites are the ones that benefit. Ask what height the views begin at and what the floor premiums are.
Everyday life
St. Clair station on Line 1 is about a two-minute walk, and the 512 streetcar runs west along St. Clair. Within a few blocks there are grocery stores, a cinema, restaurants and medical offices. David A. Balfour Park and the ravine trail are to the east. It is one of the easier parts of Toronto to live in without a car.
What we could not confirm
The deposit schedule is not published in the material we reviewed. Ask for it, along with the estimated maintenance fees and the price of parking.
Questions to ask
- How many storeys is the tower, and how many suites?
- Which suites face south?
- Is the early 2028 date firm or tentative?
Closing costs at the starting price
Land transfer tax on $549,900 in Toronto is about $14,946, or $6,471 for a first-time buyer after rebates, including Toronto's municipal tax. New homes also carry builder closing adjustments such as development charges, utility connections and Tarion enrolment, which are set out in the agreement and are often capped on request. Have a lawyer review the agreement during the 10-day cooling-off period on a new condominium. The land transfer tax calculator and the HST rebate guide cover the rest.