Skip to main
Go Back
Strata Logo
    40 Homewood Avenue Condos

    40 Homewood Avenue

    4for Sale
    1for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    31
    Number of Units:
    492
    Condo Completion:
    1972
    Condo Demand:
    Medium
    Unit Size Range:
    320 - 880 SQFT
    Unit Availability:
    Medium

    Listing History for 40 Homewood Avenue Condos

    Amenities

    Rec Room
    Sauna
    Party Room
    Bike Storage
    Security System
    Concierge

    Maintenance Fees

    Included
    Hydro
    Heat
    Water
    Excluded
    Air Conditioning

    About 40 Homewood Avenue40 Homewood Avenue Condos

    At 31 storeys tall, with a classic brick and concrete block exterior — nobody could be blamed for overlooking this building. With shiny glass towers popping up in every corner of the city, condos like 40 Homewood Avenue Condos aren’t at the top of most prospective buyers lists — but they should be.

    Appearances can be deceiving, and if you look past the drab structure, you’ll find a ton of potential. To start, residents are welcomed home by a manicured garden, shrouded by mature trees. Once inside, this condo provides a wealth of updated amenities — fitness centre, pool, sauna, hobby room, meeting room, recreation room, library, and more.

    Another appealing aspect of this condo — especially for those who are seeking a long term residence — is that pets are welcome, and the building is conveniently located within a few minutes of a dog park at Allan Gardens.

    Whether you’re a first time home buyer, a young professional, or an empty nester who’s downsizing from a detached home — these condos represent a great investment opportunity, at a very affordable price.

    The Suites

    If the words ‘investment opportunity’ bring visions of dated finishes and renovations — you’re not far off. 40 Homewood Avenue Condos was built in 1972 and is home to 492 units; what you’ll find in those units, can vary quite a bit. Some units have carpeted floors while others have parquet flooring or upgraded hardwoods; likewise, some kitchens are modern with granite countertops and stainless steel appliances, but others will be dated.

    Buyers have several layouts to choose from, with a range of suites from 1 bedrooms that start at 384 square feet to 857 square foot 2 bedrooms. For those who are looking for Toronto condos for sale are really want a steal, there are 2 bedrooms in this building which have sold for the price of a 1 bedroom in areas like the Bay Street Corridor — which is only a short walk away.

    For buyers who aren’t deterred by the prospect of an upgrade or two, your return on sweat equity could be substantial; units in this building are on the low end of price per square foot in Toronto, but the Cabbagetown neighbourhood has become very desirable, with many nearby condos at much higher price points.

    The Neighbourhood

    Tucked away on Homewood Avenue between Jarvis and Sherbourne — residents of 40 Homewood Avenue Condos have an excellent location. With many acclaimed restaurants, cozy cafes, and entertainment options both within the neighbourhood and just beyond its boundaries — residents have everything they could want from an urbanely located condo.

    Toronto is renowned for its dining experience, and residents of Cabbagetown have some incredible restaurants nearby; for a steak in a chic setting — The Blake House is just around the corner, as is the Keg Mansion for anyone who wants their meat in a heritage building. On Church Street, you’ll find quick grab options like Hero Certified Burgers and Pizza Pizza, and a smattering of international restaurants awaits you on Yonge Street.

    Music fans have 2 well known venues in the area; The Phoenix Concert Theatre is just a block east, and Massey Hall is a short walk away on Victoria Street. And if you enjoy music of a more theatrical style — you can catch a play at the Ed Mirvish Theatre, Betty Oliphant Theatre, or Buddies in Bad Times Theatre. Art Aficionados have galleries in the neighbourhood, and more to the west and south.

    Those seeking livelier entertainment choices have the vibrant nightlife of Yonge Street less than a 10 minute walk from their front door. Church street and The Village also offer a diverse nightlife experience, with many pubs catering towards LGBTQ patrons. For movie nights, Imagine Cinemas Carlton Cinema is only a short walk, and Yonge Dundas square has a cineplex and regularly hosts outdoor events in the square.

    Transportation

    Boasting a 94 Walk Score — 40 Homewood Avenue Condos grants residents a pedestrian friendly location. For groceries and essential purchases, there’s a Loblaws to the south on Carlton and a Rabba Fine Foods to the north on Wellesley. And for that all important breath of fresh air, residents have a green space on site at their building, plus Allan Gardens and Winchester Park are just minutes away.

    Those who rely on public transit, have buses on Wellesley, Jarvis, Sherbourne, and Carlton — streetcars on Carlton as well — and College Station is only a 10 minute walk for subway lines. Drivers also enjoy the benefit of a great starting point; head south on Jarvis for the Gardiner Expressway, and for the Don valley parkway, travel north on Parliament and then east on Bloor for the Danforth on-ramp.

    4

    Listings For Sale

    Interested in receiving new listings for sale?

    1

    Listings For Rent

    Interested in receiving new listings for rent?

    Explore Neighbourhood

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,212
    Average Individual Income
    $67,505
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $115,353
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    41%
    Semi Detached
    28%
    High Rise Apartment
    15%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    73%
    Mandarin
    12%
    Cantonese
    9%
    Tagalog
    2%
    French
    1%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    34%
    High School
    26%
    College
    16%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Cabbagetown


    Days on Strata

    Units at 40 Homewood Avenue Condos spend an average of
    20
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Cabbagetown

    Turnover of Units

    On average, each unit is owned for
    22.2
    YEARS before being sold again

    Property Value

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    11th
    Highest price per SQFT out of 32 condos in the Cabbagetown area

    Sold Units

    19
    Units were Sold over the past twelve months

    Rented Units

    11
    Units were Rented over the past twelve months

    Best Value Rank

    40 Homewood Avenue Condos offers the
    ?
    best value out of 32 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    40 Homewood Avenue Condos has the
    ?
    highest ROI out of 32 condos in the Cabbagetown neighbourhood

    Rental Yield

    40 Homewood Avenue Condos yields the
    ?
    highest rent prices out of 32 condos in the Cabbagetown neighbourhood

    High Demand

    40 Homewood Avenue Condos is the
    ?
    most popular building out of 32 condos in the Cabbagetown neighbourhood

    Transaction Insights at 40 Homewood Avenue

    Studio1 Bed2 Bed
    Price Range$350,000 - $434,900$385,000 - $545,000$580,000 - $617,000
    Avg. Cost Per Sqft$1,078$829$735
    Avg. Wait for Unit Availability87 Days26 Days67 Days
    Ratio of Units in Building18%58%25%

    Maintenance Fees

    40 Homewood Avenue Condos vs The Cabbagetown Area

    Similar condos