The Verve
1Listing for Salefor Sale
1Listing for Rentfor Rent
120 Homewood Ave
The Verve
120 Homewood Aveexpand addresses list
    1Listing for Salefor Sale
    1Listing for Rentfor Rent
    Walk Score
    96
    Transit Score
    93
    Bike Score
    73
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    Above Average
    Property Type
    Condo
    Developer
    Tridel
    Condo Completion
    2008
    Property Management
    Del Property Management Inc.
    Unit Size Range
    400 - 1686 SQFT
    Number of Units
    444
    Number of Storeys
    40

    120 Homewood Ave, Toronto

    About this condo

    Condo Overview

    First time home buyers take note — this is your chance to break into the market, in a neighbourhood that’s bound to be trendy before long. St. James Town was the site of a high-rise community project in the 1950s that was meant to transform the neighbourhood into a highly desirable area, unfortunately it failed, and the neighbourhood gained a bad reputation.

    Today, that high-rise community is coming together naturally, as more and more developers are building swanky new condos in the neighbourhood — and prices are finally catching up to those of Toronto condos for sale in other neighbourhoods.

    Towering to 40 storeys at 120 Homewood Ave, The Verve offers spacious suites at prices that won’t crush your soul. The Verve was built in 2008, and the exterior follows modern condo design — a tower constructed of glass, steel and concrete.

    With a condo in this building, you get some nice extras to enjoy after a long day of work — or even a long day of doing nothing — amenities include; gym, pool, sauna, media room, party room, meeting room, shared rooftop deck, security guard, concierge, and parking garage.

    The Suites

    Great amenities and affordable prices are meaningless if suites aren’t up to par — of course, the developers of The Verve knew this, so all units are open concept, spacious, and well appointed with functional layouts and minimal wasted space. Units range in size from 522 square feet for a 1 bedroom to 1686 for a 2 bedroom + den.

    Buyers who are interested in units here can expect to find floor to ceiling windows, hardwood floors and updated kitchens.

    The Village, a vibrant LGBTQ+ community is just around the corner, filled with restaurants and pubs — plus, Yonge Street is only a few blocks west; this property is an ideal fit for young professionals and couples who want to get into an up and coming neighbourhood before prices are out of reach.

    The Neighbourhood

    St. James Park resides near Yorkville, Yonge and Bloor neighbourhood, and The Village — thus, residents have access to food, nightlife, and shopping, beyond what’s available in St. James Town.

    Caffeine fanatics can hobble out of bed in the morning and get a fresh espresso from a number of cozy cafes — Rooster Coffee House on Jarvis Street, The Croissant Tree and Starbucks on Church, Red Rocket Coffee on Wellesley, and Tim Hortons on Mt. Pleasant.

    For dining out, there are some incredible options close to home. Residents can walk to the The Keg Mansion for a steak in a heritage building, there’s The Blake House on Jarvis, Fushimi on Church for Japanese, Smith on Church for French cuisine — and Onoir for dinner in the dark. For something more casual, there’s Domino's, Hero Certified Burgers, Subway, and Pizza Pizza nearby.

    Entertainment options are quite diverse in this area; shoppers can journey north to Bloor for high-end boutiques, or south on Yonge to the Eaton centre. Yonge-Dundas square hosts events and has a movie theatres. Phoenix Concert Theatre is not far from the building for concerts, and after a show, there’s are countless pubs and clubs on Church Street and Yonge.

    Transportation

    120 Homewood Ave has a 96 Walk Score — for residents of The Verve, this means that most errands can be run on foot. Grocery pickups can easily be accomplished without a vehicle or public transit, as there’s a Food Basics just a few minutes away on Wellesley.

    Those who rely on public transit to commute have it easy here, with east and westbound buses on Wellesley, north and southbound buses on Sherbourne and Jarvis, and Wellesley Station is nearby for subway service.

    Drivers can reach the Don Valley Parkway by heading north to Bloor and then east for the Danforth on-ramp.

    1

    Listings For Sale

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    1

    Listings For Rent

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    Amenities

    Security System
    Underground Parking
    Sauna
    Rooftop Deck/Garden
    BBQ
    Visitor Parking
    Party/Meeting Room
    Gym
    Concierge
    Media Room
    Guest Suites
    Outdoor Pool

    Maintenance Fees Cover

    Maintenance fees include

    Water

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    The Verve vs The St. James Town Area

    $85.00
    More Expensive
    per SQFT compared to the neighbourhood average
    The Verve's Avg
    price per SQFT
    $962
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $877
    / SQFT

    Building Trends At The Verve

    Days on Market

    Units at The Verve spend an average of
    20
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    above
    the list price.

    Offer Competition

    Condos in this building have an

    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    6.4
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 9 condos in the St. James Town area

    Sold Units

    24
    Units were Sold over the past twelve months

    Rented Units

    39
    Units were Rented over the past twelve months

    Best Value

    The Verve offers the
    ?
    best value out of 9 condos in the St. James Town neighbourhood

    Return on Investment

    The Verve has the
    ?
    highest ROI out of 9 condos in the St. James Town neighbourhood

    Rental Yield

    The Verve yields the
    ?
    highest rent prices out of 9 condos in the St. James Town neighbourhood

    High Demand

    The Verve is the
    ?
    most popular building out of 9 condos in the St. James Town neighbourhood

    Sales vs Rental Values For This Condo

    1 Bed500 - 792 SQFT
    Average Cost Per Sqft$915
    Sales Price Range$549,000 - $730,000
    Rental Price Range$1,500 - $2,000
    1 Bed + Den579 - 750 SQFT
    Average Cost Per Sqft$937
    Sales Price Range$609,500 - $745,000
    Rental Price Range$1,825 - $2,200
    2 Bed750 - 1160 SQFT
    Average Cost Per Sqft$966
    Sales Price Range$789,000 - $1,087,000
    Rental Price Range$2,200 - $2,995
    2 Bed + Den1085 - 1085 SQFT
    Average Cost Per Sqft$893
    Sales Price Range$925,000 - $1,000,005
    Rental Price Range$2,850 - $2,850

    How Often Are Units Listed?

    Studio400 - 400 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building1%
    1 Bed500 - 796 SQFT
    Average Sales Availability
    Every76Days
    Average Rental Availability
    Every62Days
    Ratio of Unit Type in Building22%
    1 Bed + Den562 - 765 SQFT
    Average Sales Availability
    Every43Days
    Average Rental Availability
    Every69Days
    Ratio of Unit Type in Building31%
    2 Bed700 - 1605 SQFT
    Average Sales Availability
    Every32Days
    Average Rental Availability
    Every36Days
    Ratio of Unit Type in Building40%
    2 Bed + Den1060 - 1686 SQFT
    Average Sales Availability
    Every206Days
    Average Rental Availability
    Every336Days
    Ratio of Unit Type in Building9%

    Maintenance Fees
    The Verve vs The St. James Town Area

    $0.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    The Verve's Avg
    monthly maintenance
    fee per SQFT
    $0.60
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.60
    / SQFT

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