1909- 66 Forest Manor Road, Toronto C15
Toronto C15
$497,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTRAL HOME REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
31
Price Drop
6%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,950/mo
Estimated from market price-to-rent ratios
Remarks
Location, Location, Location! Welcome To This Bright And Spacious Suite At 66 Forest Manor Rd Offering 639 sq ft of functional living space plus a 98 Sq Ft Balcony With Beautiful South Views Including The CN Tower. Excellent Layout Featuring A Large Den That Can Easily Be Used As A 2nd Bedroom Or Home Office. Enjoy 9 Ft Ceilings, Laminate Flooring Throughout, Floor-To-Ceiling Windows, And An Upgraded Kitchen With Granite Countertops & Stainless Steel Appliances. Unbeatable North York Location Just Steps To Don Mills Subway Station, Fairview Mall, Restaurants, Parks, Schools, Hwy 401/404/DVP, And GO Transit. Perfect For First-Time Buyers, Investors, Or End Users Looking For Convenience, Lifestyle, And Value In One Of Toronto's Most Desirable Communities. Must See!
MississaugaInvestor.ca
1909- 66 Forest Manor Road
Condo Apartment · 2bd/1ba · ~650 sqft
$497,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.55%
Monthly Cash Flow
-$1,647/mo
Estimated Rent
$1,950/mo
Cash-on-Cash
-18.16%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,950 |
| Mortgage | −$2,288 |
| Property Tax | −$394 |
| Insurance | −$225 |
| Condo Fee | −$592 |
| Vacancy (5%) | −$98 |
| Cash Flow | -$1,647/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$23,400 |
| Vacancy (5%) | −$1,170 |
| Property Tax | −$4,722 |
| Insurance | −$2,700 |
| Condo Fee | −$7,104 |
| Annual NOI | $7,704 |
| Cap Rate | 1.55% |
Cash Required to Close
| Down Payment (20%) | $99,400 |
| Ontario Land Transfer Tax | $6,415 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $108,815 |
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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