1408- 70 Forest Manor Road, Toronto C15
Toronto C15
$674,000
Cash flow, cap rate & mortgage breakdown
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Listed by JAMES POWER REAL ESTATE BROKERAGE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
37
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Stunning 2-Bedroom Corner Unit with Panoramic Views | 70 Forest Manor Rd, Unit 1408, Toronto. Discover urban elegance at its finest in this bright and spacious 2-bedroom, 2-bathroom corner suite at Emerald City I - one of North York's most desirable condo communities.965 sq ft interior + 116 sq ft balcony Floor-to-ceiling windows flooding the space with natural light Unobstructed panoramic views - perfect for sunrise coffee or evening city lights Functional layout ideal for professionals, couples, or small families Prime corner exposure for maximum privacy and light. Live connected. Steps to Don Mills Subway Station, Fairview Mall, top restaurants, parks, schools, and Highway 401/404. Everything you need is right at your doorstep.Building Amenities Include:24-hour concierge Indoor pool & jacuzzi Fully equipped gym & yoga studio Party room, billiards, theatre/media roomGuest suites, visitor parking Sauna / Spa facilities Indoor children's play area (Gymboree)Lounge / Dining Room areas Storage Lockers Parking Garage & more This is modern Toronto living at its best - sophisticated, convenient, and filled with light. Whether you're upsizing, downsizing, or investing, Unit 1408 delivers exceptional value in a prime location.
MississaugaInvestor.ca
1408- 70 Forest Manor Road
Condo Apartment · 2bd/2ba · ~950 sqft
$674,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.84%
Monthly Cash Flow
-$2,631/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-21.37%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$3,102 |
| Property Tax | −$534 |
| Insurance | −$225 |
| Condo Fee | −$812 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$2,631/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$6,403 |
| Insurance | −$2,700 |
| Condo Fee | −$9,744 |
| Annual NOI | $5,663 |
| Cap Rate | 0.84% |
Cash Required to Close
| Down Payment (20%) | $134,800 |
| Ontario Land Transfer Tax | $9,955 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $147,755 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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