40 Homewood Avenue, Toronto C08, ON

$550,000
MLS#:C12159215
2 beds
1 baths
600-699 sqft
1.0 parking
Residential Condo & Other
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Description

Property Highlights

Welcome to this remarkable ["Apartment"] condo apartment located in the coveted neighborhood of Cabbagetown-South St. James Town. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $550,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 600-699 sqft
  • Features a ["none"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free, Primary Bedroom - Main Floor, Storage Area Lockers
  • equipped with ["wall unit(s)"] central cooling and highly efficient radiant heating via electric

Built in an era where condos were built like homes, 40 Homewood Ave is a standout address in a sea of shoebox condos and nameless neighbours. With its depth of community and that Classic Toronto charm, the affordable pricing just gives you the perfect reason to consider this as your new home. A rarely available 2-bedroom opportunity at this iconic address, this bright, updated suite offers a clear west-facing view from an oversized private balcony perfect for sunset unwinding or entertaining.Inside, you'll find thoughtful upgrades throughout, including floor to ceiling windows with sliding doors, a stylish kitchen with modern finishes (granite counters) and a built-in Murphy bed in the second bedroom. Laminate runs throughout, and the open-concept living and dining area is bathed in natural light thanks to wall-to-wall windows. 40 Homewood is not just any condo its one of Toronto's first purpose-built condominium residences, with a reputation for exceptional community spirit and long-term resident satisfaction with stellar online reviews to boast (Google "40 Homewood Reviews")! It has stood the test of time through thoughtful management and major renovations to common areas including the lobby, hallways, elevators, andmore. Monthly maintenance fees include ALL utilities, cable TV, and high-speed Internet. Enjoy top-tier amenities: a full fitness centre, 20m (65ft) indoor pool, sauna, community library, party room, BBQ terrace, bike storage, 24/7 concierge and ample visitor parking. This is an inclusive, pet-friendly building with a strong sense of community in a vibrant and central location (see resident webpage in the list of links). Steps to TTC, TMU, Allan Gardens, The Village, and Cabbage towns charming shops and restaurants, this home blends heritage charm with urban convenience. Whether you're a first-time buyer, downsizer, or investor, this is a chance to join one of downtowns most well-established and welcoming buildings. Vacant and easy to see.See it today!

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Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJune 26, 2025
Sold price information is available to members only
Listed Date5/20/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
ConstructionBrick, Concrete
CountyToronto
Annual Tax$2,146

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeUnderground

Heating & Cooling

Heat SourceElectric
Heat TypeRadiant
Cooling["Wall Unit(s)"]

Features

Property Features

Arts Centre, Clear View, Park, Public Transit, Rec./Commun.Centre, School

Community Features

Location

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40 Homewood Avenue, Toronto C08, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 40 Homewood Avenue 2217, Toronto C08, ON M4Y 2K2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$440,000
Monthly Mortgage$2,557
Property Tax (Est.)$179
Utilities & Maint.$350
Total Monthly Cost$3,086

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Toronto C08.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cabbagetown South St James Town, Toronto C08.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$850,000

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.