40 Homewood Avenue, Toronto C08, ON

$499,000
MLS#:C12162611
1 beds
1 baths
500-599 sqft
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 construction, this residence presents an exceptional opportunity offered at $499,000 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.

  • 1 Bedroom and 1 Bathroom
  • Generous living space spanning 500-599 sqft
  • Features a ["none"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 0.0 total parking spaces available
  • Notable attributes: Carpet Free
  • equipped with ["none"] central cooling and highly efficient radiant heating via electric

Feel right at home on Homewood! Looking for a condo that stands out from the rest at a price you can actually afford? Welcome to 40 Homewood Avenue Suite 1112! Step inside this completely renovated, spacious designer condo in the heart of downtown Toronto and marvel at the high-end designer finishes and excellent taste - more than $75,000 spent on brand new upgrades! The brand-new kitchen is straight out of a magazine and features sleek stainless-steel appliances, full-height custom cabinetry, elegant quartz countertops and backsplash, plus a breakfast bar perfect for everyday meals or entertaining family and friends while cooking up a storm. Natural morning light pours into the living area through large, east-facing windows, creating a bright and inviting atmosphere. The walk-out balcony is adorned with wooden deck tiles, ideal for enjoying your morning coffee or unwinding with an evening drink. Storage is seamless with custom-built closets galore in both the entryway and bedroom. The modernized bathroom is as good as it gets, boasting sleek porcelain tiles, a contemporary floating vanity and an upgraded shower. American white oak engineered hardwood floors, new baseboard trim, and new doors throughout are the cherries on top of this fabulous unit. Situated just steps from College subway station, TMU (formerly Ryerson University), Loblaws, Allan Gardens, and the vibrant Cabbagetown/Garden District, this condo places you at the centre of it all. Don't miss this rare opportunity to own a piece of Toronto's history in a building known for its strong community spirit and excellent amenities, all while never having to lift a finger as you move into your dream renovated condo. Welcome home!

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Key Features

Bedrooms
1
Bathrooms
1
Kitchens
1
Living Area
500-599 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJune 19, 2025
Sold price information is available to members only
Listed Date5/21/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
ConstructionBrick
CountyToronto
Annual Tax$1,888

Parking & Garage

Parking Spaces0.0
Garage TypeNone

Heating & Cooling

Heat SourceElectric
Heat TypeRadiant
Cooling["None"]

Features

Property Features

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 1112, 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$399,200
Monthly Mortgage$2,319
Property Tax (Est.)$157
Utilities & Maint.$350
Total Monthly Cost$2,826

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.