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            AIDA

            Real Estate Artificial Intelligence Digital Assistant

            Disclaimer

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

            Some features are limited, with full access granted only to our clients and real estate agents representing ITRealty.

            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# C4914512

            Price -$70
            $1,780
            1+1br 1ba 500-599sf

            Water

            N

            Heating

            N

            Hydro

            N

            Parking

            N

            Laundry

            Ensuite

            WalkScore

            67

            TransitScore

            82

            Compare$2,075

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

            ROYAL LEPAGE YOUR COMMUNITY REALTY, BROKERAGE

            Learn more about this property:
            MLS# C4914512 Listing Details
            Among all comparable properties rented in condo located at 56 Forest Manor Road in Henry Farm in Toronto from Jan 2017 to Sep 2020, after adjusting rental rates accordin to market conditions at the time of sale, AIDA has calculated that:
            Minimum Rent Adjusted was:

            $2,054

            Maximum Rent Adjusted was:

            $2,125

            AIDA's ESTIMATE (based on 4 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 ($1,780) less 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 4 comparable properties rented out in condo located at 56 Forest Manor Road in Henry Farm in Toronto from Jan 2017 to Sep 2020

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

            Sold onFloorUnit#AddressDist/metersExpSQFTBed • BathGar SpacesSold PriceTime Adj %Time Adj Price
            2018-12-25***31152 Forest Manor Road82W500-5991+0 • 10.0$1,85014.86%***
            2019-07-27***11166 Forest Manor Road128W500-5991+0 • 10.0$2,0002.7%***
            2019-08-10***41970 Forest Manor Road180Nw500-5991+0 • 10.0$2,0500.83%***
            2020-05-13***110970 Forest Manor Road180N500-5991+0 • 10.0$1,9505.33%***

            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:

            3110 56 Forest Manor Road is a comm element condo apartment, located in Henry Farm of city of Toronto, Toronto region, near Don Mills/Sheppard, and has been available for lease on ITRealty since 2020-09-16. This unit is located at level 31 of the building and has West exposure of Forest Manor Rd. Condo registry office is TSCC, corporation number 2721.

            Lot Size and Living Area:

            3110 56 Forest Manor Road has 4+0 rooms in total, including 1+1 bedroms, 1 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. 56 Forest Manor Road building was built appriximately 0-5 years ago.
            0.0 parking space(s) are and located undergrnd at level . 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:


            AIDA has also found the following features: Modern/Renovated/Well Maintained, Open Concept, Move In Condition, Swimming Pool, Price Change, AIDA Recommended, and possible sellers motivation indicators such as Reduced Asking Price, Listing Ad says Motivated Seller.

            Price & Cost Overview

            General:

            3110 56 Forest Manor Road comm element condo is listed for $1,780.

            Comparative Market Analysis:

            There are similar 1+1 bedr comm element condo recently sold for an average Time Adjusted Selling Price of $2,075.
            Visit a customized Comparative Market Analysis page for more details.

            Location Overview

            General:

            Henry Farm, where 56 Forest Manor Road is located, has $612,374 Home Price Index, and $2,194 Home Rent Index.
            Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,040,621, and average Home Rent Index $2,587.

            Similar Properties & Community Details:

            There are similar to 3110 56 Forest Manor Road 1 bedr comm element condo 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.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 67, 82, and 53 accordingly, location of 56 Forest Manor Road overall can be described as Somewhat Walkable, Excellent Transit, and Bikeable.

            3110 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 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 49 to 59 properties like that to be sold in Henry Farm during the next 30 days.
            Seasonal sales fluctuation is showing 75% inventory increase comparing to the average annual number, which is equvalent to 30.83 properties sold per month, and 51% increase comparing to the last six months.
            How soon it can be sold?
            This property has been on the market for 11 days, which is 10 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 4% D.O.M. increase comparing to the average annual number, which is equvalent to 20 D.O.M., and 1% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
            At what price it can be sold?
            Similar properties currently sell very close to its asking price in Henry Farm.
            The selling to asking price ratio is not changing, as this housing type demand remains stable 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 C4914512 Comparative Market Analysis

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