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    Toronto / Downtown / Cabbagetown

    301 - 40 Homewood Ave

    For Sale40 Homewood Avenue Condos
    $579,000
    Price Cut: $650,000
    2 Beds
    1 Bath
    0 Parking
    864 SQFT
    113 Days on Strata
    Est Sell Timeframe
    16 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $844/mth
    Taxes:
    $2,219 (2023)
    Cost Per Sqft:
    $670/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    West
    Possession Date:
    Immediately
    Laundry:
    None
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

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

    Utility Type

    Air Conditioning
    Window Unit
    Heat Source
    Electric
    Heating
    Radiant

    Room Dimensions

    Living
    L-Shaped Room, Open Concept, Parquet Floor
    11.84 x 7.35ft
    Dining
    Walkout To Balcony
    9.42 x 20.57ft
    Kitchen
    Stainless Steel Appliances, Renovated, Centre Island
    7.15 x 10.83ft

    About this Listing

    Welcome Home to this Charming over sized 2 bedroom right in the historic community of Cabbagetown.This rare, sunfilled, open concept unit maximizes space with a practical layout & ample storage. Brand new kitchen with a New fridge, new range hood, new stove and oven. Walk out to a massive balcony w/ unobstructed west views of downtown Toronto to enjoy your sunrise. Being in the heart of downtown Toronto takes you just moments away from the vibrant Eaton Centre,Dundas Square, Allen Gardens, Trendy Restaurants, Metropolitan University, University of Toronto,dog parks, & all neighbourhood amenities. Accessibility is right by your doorstep w/ 2 mins to Carlton Street car, 4 mins to Wellesley, & Quick Drive to DVP & Gardiner. Your home includes a friendly 24hr concierge, 50m year-round indoor pool, sauna, full gym, patio with BBQ, library, partyroom, & beautiful tree-lined garden. This unit offers an unique opportunity for both first timehomeowners & investors alike with condo fees including Heat, Hydro, and Water. Your Search Ends Here!

    ExtrasCondo fees Include all utilities: Heat, Hydro, & Water.

    strata real estateMLS® #C8474188

    Amenities

    Sauna
    Gym Room
    Concierge
    Bike Storage
    Rec Room
    Party Room

    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!

    Similar Listings

    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
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    18%
    50 - 64
    23%
    65+
    21%
    Household Income
    $0 - $30,000
    48%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    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%

    Price Trends

    Maintenance Fees

    40 Homewood Avenue Condos vs The Cabbagetown Area

    Building Trends At 40 Homewood Avenue Condos

    Days on Strata

    Units at 40 Homewood Avenue Condos spend an average of
    21
    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
    21.9
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    7th
    Highest price per SQFT out of 34 condos in the Cabbagetown area

    Sold Units

    21
    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 34 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    40 Homewood Avenue Condos has the
    ?
    highest ROI out of 34 condos in the Cabbagetown neighbourhood

    Rental Yield

    40 Homewood Avenue Condos yields the
    ?
    highest rent prices out of 34 condos in the Cabbagetown neighbourhood

    High Demand

    40 Homewood Avenue Condos is the
    ?
    most popular building out of 34 condos in the Cabbagetown neighbourhood

    Transaction Insights at 40 Homewood Avenue

    Studio1 Bed1 Bed + Den2 Bed
    Price Range$350,000 - $434,900$415,000 - $545,000No Data$510,000 - $615,000
    Avg. Cost Per Sqft$1,059$850No Data$707
    Avg. Wait for Unit Availability75 Days27 DaysNo Data66 Days
    Ratio of Units in Building19%57%1%25%

    Transactions vs Inventory

    Total number of units listed and sold in Cabbagetown