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            #705 56 Forest Manor Road

            near Sheppard & Don Mills
            $530,000 1+1bdr • 2ba • 1kit • 500-599sf
            Average Income
            n/a
            Population Age
            n/a
            School Score
            7.07/10
            Price Index Change 1y
            +6.71%
            Price Index Change 3y
            +27.14%
            Rent Index Change 1y
            +3.71%
            Rent Index Change 3y
            +26.53%

            Condo Apt • Apartment #705 • 7 Level

            #705 56 Forest Manor Road, Henry Farm, Toronto
            • Rooms and Bathrooms 1+1 bedr, 2 bath
            • Kitchens 1
            • area 500-599
            • garage 0.0 None
            • exposure W
            • age n/a
            • locker Owned
            • possession

              90/Tbd

            $530,000

            n/a

            $332.00/m

            CALCULATED NUMBERS:

            $1989.00

            calculator

            $2132

            4

            67 Somewhat Walkable

            80 Excellent Transit

            53 Bikeable

            7.07/10

            Property Location Details
            • Toronto

            • Toronto

            • Henry Farm

            • Sheppard & Don Mills

            • M2J1M6

            Listing Details Provided By
            Property Details Provided By Toronto Real Estate Board
            Listing Brokerage

            HOMELIFE GALAXY REAL ESTATE LTD., BROKERAGE

            Property Overview
            Brand New Building! Beautiful 1 Bedroom + Den And 2 Washrooms. Den Can Be Used As 2nd Bedroom. Good Sized Balcony. Amazing Location At Don Mills And Sheppard! Walking Distance To Fairview Mall, 24 Hr Concierge, Subway Station/Ttc, Schools, Community Centre, Amenities: Screening Room, Indoor Pool, Hot Tub, Fitness Room, Change Rooms, Sauna, Lounge, Games Room, Patio And Bbq Area.
            Extras: S/S Fridge, S/S Stove, Dishwasher, Washer, Dryer, Micro-Range Hood, B/I Oven And Cooktop. Buyer Or Buyer's Agent To Verify All Measurements.
            Property Features
            • Hospital
            • Library
            • Park
            • Public Transit
            • Concrete
            • Concierge
            • Gym
            • Indoor Pool
            • Media Room
            • Party/Meeting Room
            • Rooftop Deck/Garden
            • Common Elements Included
            • Ensuite Laundry
            • Building Insurance Included
            • Condo Taxes Included
            • Fireplace/Stove
            • Heat Included
            • Hydro Included
            • Parking Included
            • Seller Property Info Statement
            • Water Included
            • Family Room
            • Cable TV Included
            • CAC Included
            Rooms details
            Living
            • Flat Level
            • Laminate
            • W/O To Balcony
            • Combined W/Dining
            • Size 3.05x3.05
            Dining
            • Flat Level
            • Laminate
            • Open Concept
            • Combined W/Living
            • Size 3.35x3.17
            Kitchen
            • Flat Level
            • Laminate
            • Open Concept
            • Modern Kitchen
            • Size 3.17x3.35
            Master
            • Flat Level
            • Laminate
            • 4 Pc Ensuite
            • Window
            • Size 3.23x2.74
            Den
            • Flat Level
            • Laminate
            • Sliding Doors
            • Separate Rm
            • Size 2.13x2.10
            Basement
            • None
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            • Listing added to site: 2020-05-15 00:13:44
            • Last updated: 2020-05-21 00:11:55
            • Photos updated: 2020-05-14
            • Contract date: 2020-05-14
            • Input date: 2020-05-14
            • Expiry date: 2020-07-30
            • Closed date: 0000-00-00
            • Condition expiry date: 2020-06-04
            • Extension entry date: 0000-00-00
            • Sold date: 0000-00-00
            • Suspended date: 0000-00-00
            • Terminated date: 0000-00-00
            • Unavailable date: 0000-00-00
            • Condition:
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            Travel Times, Streetview, Walkscore
            Listing Overview

            General:

            705 56 Forest Manor Road is a condo apt apartment, located in Henry Farm of city of Toronto, Toronto region, near Sheppard & Don Mills, and has been available for sale on ITRealty since 2020-05-15. This unit is located at level 7 of the building and has West exposure of Forest Manor Rd. Condo registry office is TSCC, corporation number 2721.

            Lot Size and Living Area:

            705 56 Forest Manor Road has 5+0 rooms in total, including 1+1 bedroms, 2 baths and 1 kitchen. Please find this condo rooms details on this page above.
            Living area of this condo unit is within the range of 500-599 square feet. The locker is owned. An ensuite laundry is available at the unit.

            Heating and Cooling:

            The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

            Listing Features:

            This condo is featuring Hospital, Library, Park, Public Transit at, or near the property.
            AIDA has also found the following features: Swimming Pool, AIDA Recommended, and possible sellers motivation indicators such as Flexible Possession.

            Price & Cost Overview

            General:

            705 56 Forest Manor Road condo apt is listed for $530,000. And the monthly maintenance fee was $332.

            Comparative Market Analysis:

            There are similar 1+1 bedr condo apt recently sold for an average Time Adjusted Selling Price of $543,758.
            Visit a customized Comparative Market Analysis page for more details.

            Mortgage and Other Expenses:

            Your monthly mortgage payments will be $1,989, assuming $530,000 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization. Add property tax and condo maintenance fee to calculate your total expenses per month.
            Use our Mortgage and Investment Calculator, customized especially for 705 56 Forest Manor Road, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

            Location Overview

            General:

            Henry Farm, where 56 Forest Manor Road is located, has $573,482 Home Price Index, and $2,237 Home Rent Index.
            Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $991,415, and average Home Rent Index $2,647.

            Similar Properties & Community Details:

            There are similar to 705 56 Forest Manor Road 1 bedr condo apt condos listed For Sale and For Rent in city of Toronto.
            Learn about the prices of Recently Sold Condos and Recently Rented Condos near 56 Forest Manor Road.
            You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Henry Farm neighborhood in city of Toronto.

            Schools:

            There are at least 3 school(s) located near 56 Forest Manor Road, or schools, which boundaries this address belongs to with an average School Score 7.07 out of 10. Here are more details about these schools:
            1. Forest Manor Public School (Grades JK-05), Public, Elementary, ranked as Excellent.
            2. Woodbine Middle School (Grades 07-08), Public, Intermediate, ranked as Good.
            3. George S Henry Academy (Grades 09-12), Public, Secondary, ranked as Good.
            ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 67, 80, and 53 accordingly, location of 56 Forest Manor Road overall can be described as Somewhat Walkable, Excellent Transit, and Bikeable.

            705 56 Forest Manor Road Listings History Powered By AIDA
            Henry Farm, Toronto Sales & Rent History Powered by AIDA
            Disclaimer

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            City of Toronto Condos MOI (Months of Inventory)
            Last month sales statistics:
            It is a Balanced market. Existing inventory is enough for 4-6 months sales supply (135 days).
            Sellers are often ready to negotiate the price, but it is harder to sell your property.
            Sell first, buy next is a possible strategy, unless you find a home of your dreams first.
            How often similar homes sell?
            You may expect 19 to 23 properties like that to be sold in Henry Farm during the next 30 days.
            Seasonal sales fluctuation is showing -14% inventory decline comparing to the average annual number, which is equvalent to 24.33 properties sold per month, and 10% increase comparing to the last six months.
            How soon it can be sold?
            This property has been on the market for 17 days, which is 133% longer than it takes a similar home in Henry Farm to sell, which is more than as twice as long as it takes a similar home in Henry Farm to sell.
            Seasonal sales fluctuation is showing -54% D.O.M. decrease comparing to the average annual number, which is equvalent to 15 D.O.M., and -35% decrease comparing to the last six months indicating significantly growing demand for this type of properties within this price range.
            At what price it can be sold?
            Similar properties currently sell at 7.07% above its asking price in Henry Farm.
            The selling to asking price ratio is growing in Henry Farm.
            Considering the fact that this property has already been on the market for 17 days, which is -133% longer than average number of days it takes a home to sell in Henry Farm (7.3), this property may not sell above the asking price.
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS C4761747 Comparative Market Analysis
            705 56 Forest Manor Road Investor's Outlook Powered by AIDA

            Compare Home Price Index and Home Rent Index performance over the last year and last 3 years in Henry Farm, Toronto, to the City of Toronto for the projects listed on our site.

            Comparative analysis of location's Walkscore, Transitscore, Bikescore and Schoolscore.

            Price Index 1y

            Price Index change was +6.71% comparig to the City of Toronto average of +5.02%

            Price Index 3y

            Price Index change was +27.14% comparig to the City of Toronto average of +5.235%

            Rent Index 1y

            Rent Index change was +3.71% comparig to the City of Toronto average of +6.035%

            Rent Index 3y

            Rent Index change was +27.14% comparig to the City of Toronto average of +5.235%

            Walkscore

            Walkscore 67 out of 100 means Somewhat Walkable

            Transitscore

            Transitscore 80 out of 100 means Excellent Transit

            Bikescore

            No sufficient data available

            Schoolscore

            Schoolscore is 7.07 out of maximum 10 points

            Mortgage & Payments

            Calculate your Mortgage Payments, Total monthly payments including Property tax and Condo Fee (where available), Mortgage Amortization, and Investment forecast with our Investment Simulator Tool.

            Mortgage & Payments Calculator
            Property Financing Details
            Land Transfer Tax & Closing Expenses
            Downpayment Details
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            Mortgage & Financing Details

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            (Mortg interest rate. Ex: 3.0)

            (Mortgage duration Ex: 25)

            (Borrowing rate Ex: 3.5)

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            Mortgage & Payments Summary

            Schools and Ratings

            ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

            Demographics & Housing Statistics

            New
            $538,000
            1br 1ba 500-599sf

            Prop Tax

            $1,770

            Condo Fee

            $579

            Exposure

            E

            Mortg/m

            $ calculator

            WalkScore

            83

            Compare n/a

            Please Login for the Map View

            New
            $630,000
            1+1br 1ba 600-699sf

            Prop Tax

            $1,973

            Condo Fee

            $469

            Exposure

            Se

            Mortg/m

            $ calculator

            WalkScore

            57

            Compare$640,699

            Please Login for the Map View

            New
            $484,800
            1br 1ba 500-599sf

            Prop Tax

            $1,335

            Condo Fee

            $372

            Exposure

            N

            Mortg/m

            $ calculator

            WalkScore

            40

            Compare$495,246

            Please Login for the Map View

            New
            $525,000
            1br 1ba 500-599sf

            Prop Tax

            $1,440

            Condo Fee

            $352

            Exposure

            N

            Mortg/m

            $ calculator

            WalkScore

            50

            Compare n/a

            Please Login for the Map View

            New
            $429,000
            1br 1ba 600-699sf

            Prop Tax

            $1,632

            Condo Fee

            $561

            Exposure

            Nw

            Mortg/m

            $ calculator

            WalkScore

            59

            Compare$448,478

            Please Login for the Map View

            New
            $529,999
            1br 1ba 600-699sf

            Prop Tax

            $1,817

            Condo Fee

            $580

            Exposure

            E

            Mortg/m

            $ calculator

            WalkScore

            8

            Compare$578,910

            Please Login for the Map View

            New
            $575,000
            1br 1ba 500-599sf

            Prop Tax

            $2,377

            Condo Fee

            $524

            Exposure

            W

            Mortg/m

            $ calculator

            WalkScore

            94

            Compare$601,296

            Please Login for the Map View

            New
            $428,000
            1+1br 1ba 600-699sf

            Prop Tax

            $1,738

            Condo Fee

            $545

            Exposure

            E

            Mortg/m

            $ calculator

            WalkScore

            27

            Compare$452,325

            Please Login for the Map View

            New
            $569,000
            1+1br 1ba 500-599sf

            Prop Tax

            $1,810

            Condo Fee

            $503

            Exposure

            E

            Mortg/m

            $ calculator

            WalkScore

            97

            Compare$547,282

            Please Login for the Map View

            New
            $499,000
            1br 1ba 500-599sf

            Prop Tax

            $n/a

            Condo Fee

            $378

            Exposure

            N

            Mortg/m

            $ calculator

            WalkScore

            70

            Compare$539,966

            Please Login for the Map View

            New
            $588,000
            1br 1ba 500-599sf

            Prop Tax

            $n/a

            Condo Fee

            $384

            Exposure

            W

            Mortg/m

            $ calculator

            WalkScore

            96

            Compare n/a

            Please Login for the Map View

            New
            $499,999
            1+1br 1ba 600-699sf

            Prop Tax

            $1,993

            Condo Fee

            $413

            Exposure

            N

            Mortg/m

            $ calculator

            WalkScore

            82

            Compare$574,256

            Please Login for the Map View

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