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            AIDA (Artificial Intelligence Digital Assistant) is currently in BETA version, and is available at no charge for a limited time.

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            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.

            AIDA's CMA is taking into account real estate market fluctuations for given type properties in the city and neighborhood, so sometimes CMA may significately vary from the prices properties are listed at.

            Please check below on the page for what AIDA is not including into the CMA.

            Comparative Market Analysis for MLS# C4996340

            $2,000
            1+1br 2ba 600-699sf

            Water

            N

            Heating

            N

            Hydro

            N

            Parking

            Y

            Laundry

            Ensuite

            WalkScore

            67

            TransitScore

            82

            Compare$1,867

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            Property Details Provided By
            Property Details Provided By Toronto Real Estate Board
            Listed By

            BAY STREET GROUP INC., BROKERAGE

            Learn more about this property:
            MLS# C4996340 Listing Details
            Among all comparable properties rented in condo located at 56 Forest Manor Rd in Henry Farm in Toronto from Jan 2017 to Dec 2020, after adjusting rental rates accordin to market conditions at the time of sale, AIDA has calculated that:
            Minimum Rent Adjusted was:

            $1,721

            Maximum Rent Adjusted was:

            $1,996

            AIDA's ESTIMATE (based on 9 properties)
            AIDA's Comparative Market Analysis is based on comparable properties sales data adjusted according to the monthly fluctuations of the local real estate market, and is equivalent to:

            $XXX,XXX

            Which makes the Asking Price ($2,000) more than AIDA's Appraised Value by:

            $XX,XXX

            Or, in percentage equivalent, by:

            XX%

            Notes
            • Condo lockers are not taken into account.
            • Upgrades and quality of renovation are not taken into account.

            Comparables

            AIDA found 9 comparable properties rented out in condo located at 56 Forest Manor Rd in Henry Farm in Toronto from Jan 2017 to Dec 2020

            Use the table's first column checkboxes to exclude/include properties into evaluation. The numbers above will automatically get recalculated accordingly.

            Sold onFloorUnit#AddressExpSQFTBed • BathGar SpacesSold PriceTime Adj %Time Adj Price
            2017-09-02***Ps0152 Forest Manor RdW600-6991+1 • 21.0$1,9501.05%***
            2017-09-27***52252 Forest Manor RdW600-6991+1 • 21.0$1,9751.05%***
            2018-03-03***52452 Forest Manor RdW600-6991+1 • 21.0$2,000-1.03%***
            2018-03-06***P10152 Forest Manor RdW600-6991+1 • 21.0$1,950-1.03%***
            2018-09-03***21952 Forest Manor RdW600-6991+1 • 21.0$1,850-6.95%***
            2018-10-30***40350 Forest Manor RdE600-6991+1 • 21.0$2,000-8.77%***
            2018-11-28***200150 Forest Manor RdS600-6991+1 • 21.0$2,050-9.72%***
            2019-03-08***42552 Forest Manor RdW600-6991+1 • 21.0$2,150-10.34%***
            2019-03-22***P10152 Forest Manor RdW600-6991+1 • 21.0$2,180-10.34%***

            Henry Farm, Toronto Sales History More

            Henry Farm, Toronto: Overall Sales Statistics for Condos
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Sales Statistics
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Rent Statistics
            Henry Farm, Toronto: Detailed Sales & Rent Statistics for Condos
            Listing Overview

            General:

            2505 56 Forest Manor Rd is a condo apt apartment, located in Henry Farm of city of Toronto, Toronto region, near Sheppard And Don Mills, and has been available for lease on ITRealty since 2020-11-21. This unit is located at level 25 of the building and has West exposure of Forest Manor Rd.

            Lot Size and Living Area:

            2505 56 Forest Manor Rd has 4+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 600-699 square feet. 56 Forest Manor Rd building is appriximately New years old.
            1.0 parking space(s) are owned and located private at level Level B . The locker is owned. ensuite laundry is located on main level.

            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 Arts Centre, Clear View, Hospital, Library, Park, School at, or near the property.

            Price & Cost Overview

            General:

            2505 56 Forest Manor Rd condo apt is listed for $2,000.

            Comparative Market Analysis:

            There are similar 1+1 bedr condo apt recently sold for an average Time Adjusted Selling Price of $1,867.
            Visit a customized Comparative Market Analysis page for more details.

            Location Overview

            General:

            Henry Farm, where 56 Forest Manor Rd is located, has $625,511 Home Price Index, and $2,143 Home Rent Index.
            Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,064,692, and average Home Rent Index $2,574.

            Similar Properties & Community Details:

            There are similar to 2505 56 Forest Manor Rd 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 Rd.
            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.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 67, 82, and 52 accordingly, location of 56 Forest Manor Rd overall can be described as Somewhat Walkable, Excellent Transit, and Bikeable.

            2505 56 Forest Manor Rd 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 Sellers market. Existing inventory is less than enough for 4 months sales supply (98 days).
            Sellers are not likely to negotiate the price, but it is easier to sell your own property.
            Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
            How often similar homes get rented?
            You may expect 52 to 63 properties like that to be sold in Henry Farm during the next 30 days.
            Seasonal sales fluctuation is showing 31% inventory increase comparing to the average annual number, which is equvalent to 44.08 properties sold per month, and -6% decline comparing to the last six months.
            How soon can it be sold?
            This property has been on the market for 15 days, which is 14 days less than the recent sales average, and can be sold at any time if the price is right, or negotiable by the seller.
            Seasonal sales fluctuation is showing 14% D.O.M. increase comparing to the average annual number, which is equvalent to 25 D.O.M., and 13% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
            At what price can it be sold?
            Similar properties currently sell at 1.98% below its asking price in Henry Farm.
            The selling to asking price ratio is declining in Henry Farm.
            This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS C4996340 Comparative Market Analysis

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