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            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# C4761747

            Sold Cnd
            $530,000
            1+1br 2ba 500-599sf

            Prop Tax

            $n/a

            Condo Fee

            $332

            Exposure

            W

            Mortg/m

            $ calculator

            WalkScore

            67

            Compare$543,758

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

            HOMELIFE GALAXY REAL ESTATE LTD., BROKERAGE

            Learn more about this property:
            MLS# C4761747 Listing Details
            Among all comparable properties sold in condo located at 56 Forest Manor Road in Henry Farm in Toronto from Feb 2017 to May 2020, after adjusting selling prices according to market conditions at the time of sale, AIDA has calculated that:
            Minimum Price Adjusted was:

            $543,758

            Maximum Price Adjusted was:

            $543,758

            AIDA's ESTIMATE (based on 1 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 ($530,000) 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 1 comparable properties sold in condo located at 56 Forest Manor Road in Henry Farm in Toronto from Feb 2017 to May 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 SpacesMaintTaxSold PriceTime Adj %Time Adj Price
            2019-08-28***210556 Forest Manor RoadW500-5991+1 • 20.0$314n/a$495,0009.85%***

            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:

            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. This condo has an ensuite laundry.

            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.

            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

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