Maintenance Fees
Academy Arms vs The Forest Hill North Area
701 - 22 Shallmar Blvd
$699,0002 bds2 ba1 pk1,200 sqft
For SaleAcademy Arms
5 Days on Strata
$699,000
2 Beds
2 Bath
1 Parking
1,200 SQFT
Listing History
Details
Property Type:
Condo
Maintenance Fees:
$1,032/mth
Taxes:
$2,532 (2025)
Cost Per Sqft:
$583/sqft
Outdoor Space:
Balcony
Locker:
None
Exposure:
North East
Possession Date:
30-60
Amenities
Sauna
Indoor Parking
Security System
Visitor Parking
Indoor Pool
About this Listing
Rarely offered 2 bedroom/2 bathroom condo in Upper Forest Hill location offers approx 1200 sq ft of updated luxurious Living Space. Welcome to the Academy Arms, an exceptionally run & maintained pet free building. There is a lovely indoor pool and sauna. Beautiful updated kitchen with quartz counter tops, stainless steel appliances. Huge open-concept living and dining room features a walk-out to balcony. Principal bedroom features 3-pc ensuite. All bedroom are spacious with double closets. Steps to the Forest Hill LRT, easy access to the Allen, 15 minutes to get downtown or out of town, the Kay Gardner Beltline immediately behind the building for walking/bike riding. Condo corp is working on allowing ensuite laundry.
ExtrasS/S Appliances: Stove, Fridge, Microwave, Dishwasher. Amenities Includes: Indoor Salt Water Pool, Sauna, Visitors Parking, Clean Laundry Facility. Maint. Fees Include All Utilities.
real estate homewardMLS® #C12090515
Fees & Utilities
Maintenance Fees
Included in Fees
Hydro
Heat
Water
Parking
Building Maintenance
Building Insurance
Not Included
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Heat Pump
Room Dimensions
Foyer
Double Closet, Parquet Floor
12.53 x 4.86ft
Living
Walkout To Balcony, Parquet Floor
14.17 x 12.17ft
Dining
Open Concept, Parquet Floor
16.31 x 12.86ft
Kitchen
Quartz Counter, Stainless Steel Appliances
13.39 x 10.3ft
Primary
3 Piece Ensuite, Double Closet, Parquet Floor
18.37 x 11.02ft
2nd Bedroom
Double Closet, Parquet Floor
12.6 x 10.96ft
Buyer's Market
Balanced
Seller's Market
Similar Listings
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8/10
Walkability
You’re in stride with amenities—most of your needs are just a playlist away.
7/10
Transit
Transit's there for you, like a loyal golden retriever.
7/10
Bikeability
The bike lane starts to feel like a second home.
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
10,052
Average Individual Income
$59,587
Average Household Size
3 persons
Average Age
44
Average Household Income
$103,773
Dominant Housing Type
Detached
Population By Age
Household Income
Housing Types & Tenancy
Detached
48%
Semi Detached
32%
Low Rise Apartment
11%
Duplex
6%
Marital Status
Commute
Languages (Primary Language)
English
46%
Cantonese
23%
Mandarin
18%
Other
7%
Tamil
3%
Urdu
1%
Tagalog
1%
Punjabi
1%
Education
High School
29%
University and Above
27%
None
23%
College
14%
Apprenticeship
2%
University Below Batchelor
2%
Major Field of Study
Business Management
25%
Architecture & Engineering
18%
Health & Related Fields
12%
Social Sciences
12%
Humanities
6%
Math & Computer Sciences
6%
Physical Sciences
5%
Education
4%
Personal, Protective & Transportation Services
3%
Visual & Performing Arts
3%
Agriculture & Natural Resources
1%
Building Trends At Academy Arms
Days on Strata
Units at Academy Arms spend an average of
32
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
2%
above
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Forest Hill North
Turnover of Units
On average, each unit is owned for
6.5
YEARS before being sold againProperty Value
-9%
Decrease in property value within the past twelve months
Price Ranking
1st
Highest price per SQFT out of 9 condos in the Forest Hill North area
Sold Units
2
Units were Sold over the past twelve months
Rented Units
2
Units were Rented over the past twelve months
Best Value Rank
Academy Arms offers the best value out of 9 condos in the Forest Hill North neighbourhood
?
Appreciation Rank
Academy Arms has the highest ROI out of 9 condos in the Forest Hill North neighbourhood
?
Rental Yield
Academy Arms yields the highest rent prices out of 9 condos in the Forest Hill North neighbourhood
?
High Demand
Academy Arms is the most popular building out of 9 condos in the Forest Hill North neighbourhood
?
Market Insights
Transaction Insights at Academy Arms
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|---|
| Price Range | No Data | No Data | No Data | $650,000 | No Data | $765,180 |
| Avg. Cost Per Sqft | No Data | No Data | No Data | $542 | No Data | $568 |
| Price Range | No Data | No Data | $2,500 | $2,950 | No Data | No Data |
| Avg. Wait for Unit Availability | No Data | No Data | 700 Days | 190 Days | No Data | 500 Days |
| Avg. Wait for Unit Availability | 851 Days | No Data | 971 Days | 206 Days | No Data | 628 Days |
| Ratio of Units in Building | 10% | 6% | 10% | 55% | 2% | 19% |
Market Inventory
Total number of units listed and sold in Forest Hill North
