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    1506 - 40 Homewood Avenue

    For Sale40 Homewood Avenue Condos
    $549,998
    1 Bed
    1 Bath
    0 Parking
    585 SQFT
    26 Days on Strata
    Est Sell Timeframe
    23 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Cost Per Sqft:
    $940/sqft
    Maintenance Fees:
    $578/mth
    Taxes:
    $1,792 (2023)
    Locker:
    Exclusive
    Outdoor Space:
    Balcony
    Exposure:
    East
    Possession Date:
    July 10, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    None

    Unit Details

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Radiant
    Ensuite Laundry
    No

    Room Dimensions

    Kitchen
    Stainless Steel Appliances, Laminate, Open Concept
    6.56 x 10.5ft
    Living
    Walkout To Balcony, Open Concept, Laminate
    12.14 x 14.44ft
    Dining
    Combined with Kitchen, Laminate, Open Concept
    12.14 x 14.44ft

    About this Listing

    Experience modern urban living in this fully renovated one-bedroom condo, boasting a generous 573sq. ft. layout & an abundance of natural light. Located in a highly sought-after neighbourhood, this condo is completely updated and includes a king-sized bedroom, as well as a large east-facing balcony perfect for relaxation and entertainment. The large custom double-sliding French doors allow you to bring the outside in, making the most of the ample space and east-facing perspective. Ideally situated steps from TTC, parks, The Village, shops, and TMU, this condo offers both a vibrant urban lifestyle and a tranquil retreat from city hustle. Walking distance to parks and plenty of outdoor space on the property in the lush, well-maintained gardens.This move-in-ready condo is perfect for professionals or couples looking for a blend of luxury, comfort, and convenience in the heart of the city. Don't miss the opportunity to own this exquisite home in a well-managed, well-established building.

    ExtrasAll-Inclusive Maintenance: Enjoy hassle-free living with utilities including heat, hydro, water,building insurance, cable and air conditioning covered in the condo fees. Note Laundry is NOT ensuite.

    the agencyMLS® #C8252664


    Amenities

    Bike Storage
    Sauna
    Gym Room
    Concierge
    Party Room
    Security System

    Nearby Amenities

    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%

    Days on Strata

    Units at 40 Homewood Avenue Condos spend an average of
    17
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    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
    22.1
    YEARS before being sold again

    Property Value

    4%
    Increase in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 31 condos in the Cabbagetown area

    Sold Units

    18
    Units were Sold over the past twelve months

    Rented Units

    9
    Units were Rented over the past twelve months

    Best Value Rank

    40 Homewood Avenue Condos offers the
    ?
    best value out of 31 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    40 Homewood Avenue Condos has the
    ?
    highest ROI out of 31 condos in the Cabbagetown neighbourhood

    Rental Yield

    40 Homewood Avenue Condos yields the
    ?
    highest rent prices out of 31 condos in the Cabbagetown neighbourhood

    High Demand

    40 Homewood Avenue Condos is the
    ?
    most popular building out of 31 condos in the Cabbagetown neighbourhood

    Transaction Insights at 40 Homewood Avenue

    Studio1 Bed1 Bed + Den2 Bed
    Price Range$350,000 - $434,900$422,500 - $545,000No Data$580,000 - $617,000
    Avg. Cost Per Sqft$967$927No Data$808
    Avg. Wait for Unit Availability72 Days28 DaysNo Data64 Days
    Ratio of Units in Building19%56%1%25%

    Maintenance Fees

    40 Homewood Avenue Condos vs The Cabbagetown Area

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