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    The Verve

    120 Homewood Avenue

    6for Sale
    1for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    40
    Number of Units:
    444
    Condo Completion:
    2008
    Condo Demand:
    Medium
    Unit Size Range:
    400 - 1,686 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for The Verve

    Amenities

    Media Room
    Security System
    Bike Storage
    Indoor Parking
    Visitor Parking
    BBQ

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 120 Homewood AvenueThe Verve

    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.

    6

    Listings For Sale

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    1

    Listings For Rent

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    Nearby Amenities

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

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

    Population
    12,499
    Average Individual Income
    $59,023
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $99,412
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    31%
    Semi Detached
    24%
    Detached
    23%
    Low Rise Apartment
    16%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    60%
    Other
    15%
    Mandarin
    10%
    Cantonese
    7%
    Tagalog
    4%
    Spanish
    2%
    Arabic
    1%
    Tamil
    1%
    Education
    University and Above
    33%
    High School
    26%
    None
    17%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    21%
    Health & Related Fields
    12%
    Social Sciences
    9%
    Math & Computer Sciences
    7%
    Physical Sciences
    6%
    Humanities
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    2%
    Visual & Performing Arts
    2%

    Price Trends

    Days on Strata

    Units at The Verve spend an average of
    30
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    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

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 11 condos in the St. James Town area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    22
    Units were Rented over the past twelve months

    Best Value Rank

    The Verve offers the
    ?
    best value out of 11 condos in the St. James Town neighbourhood

    Appreciation Rank

    The Verve has the
    ?
    highest ROI out of 11 condos in the St. James Town neighbourhood

    Rental Yield

    The Verve yields the
    ?
    highest rent prices out of 11 condos in the St. James Town neighbourhood

    High Demand

    The Verve is the
    ?
    most popular building out of 11 condos in the St. James Town neighbourhood

    Transaction Insights at 120 Homewood Avenue

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$600,000 - $685,000$690,000$828,000 - $1,150,000No Data
    Avg. Cost Per SqftNo Data$916$1,206$934No Data
    Avg. Wait for Unit AvailabilityNo Data79 Days53 Days40 Days214 Days
    Ratio of Units in Building1%21%31%39%10%

    Maintenance Fees

    The Verve vs The St. James Town Area

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