
3506- 70 Forest Manor Road, Toronto C15
Toronto C15
$798,000
Cash flow, cap rate & mortgage breakdown
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Listed by FOREST HILL REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
32
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Rare, newly renovated northwest corner suite showcasing sweeping views of the CN Tower, downtown core, Yonge & Sheppard, etc. This bright, open-concept condo combines modern design with everyday comfort, featuring new flooring throughout, coordinated matte black hardware, custom light-filtering blinds and 10ft ceilings. The beautifully renovated kitchen boasts stainless steel appliances, electric cooktop, oven, refrigerator, microwave, and dishwasher. A striking quartz waterfall island with breakfast bar seating and generous under-island storage anchors the main living area. Both bathrooms are finished with sleek glass-enclosed showers and coordinated contemporary fixtures for a polished, cohesive look. New Vanities. Floor has been upgraded with premium waterproof Vinyl Planks. $50k In upgrades to the unit with one of the best views in the building. Amazing natural light. Residents enjoy first-class building amenities including 24-hour concierge and security, a fully equipped gym, stylish party room, and inviting indoor swimming pool. Perfectly located directly above Don Mills Station, you are mere steps to CF Fairview Mall with quick, convenient access to Highway 401.
MississaugaInvestor.ca
3506- 70 Forest Manor Road
Condo Apartment · 2bd/2ba · ~950 sqft
$798,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.86%
Monthly Cash Flow
-$3,103/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-21.27%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$3,673 |
| Property Tax | −$632 |
| Insurance | −$225 |
| Condo Fee | −$710 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$3,103/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$7,581 |
| Insurance | −$2,700 |
| Condo Fee | −$8,520 |
| Annual NOI | $6,849 |
| Cap Rate | 0.86% |
Cash Required to Close
| Down Payment (20%) | $159,600 |
| Ontario Land Transfer Tax | $12,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,035 |
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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