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Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Cabbagetown-South St. James Town. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $559,900 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.
Your Chance To Own A Rare 1 Bedroom Unit With Locker At Tridel-Built Luxury Verve Community. Prime Location In The Heart Of The Action, Yet Tucked Onto A Quiet Street. Toronto's 1st Green Building(LEED Gold Certified) Eco-Friendly With Very Low Maintenance Fees/Utilities. Almost 600 Sq Ft Of Easy Living In This Fully-Functional, Open-Concept Layout. 9' High Ceiling, New Full-Sized S/S Appliances, Centre Island & Freshly Painted. Large Primary Bedroom, Peaceful & Private East-Facing Balcony Facing Tranquil Street. Enjoy The Resort-Style Living That The Verve is Known For With State-Of-The-Art Amenities, First-Class Management & 24 Hr Concierge. Seriously Good Gym & Yoga Room. Every Day is Vacation On The Sun-Drenched Rooftop Pool With Cabanas Overlooking Toronto. Everything You Need At Your Fingertips (Transit, Business District, Universities, Shops, Cultural Institutions, Greenspace). Great For Professionals, First-Time-Buyers, Students (Steps to TMU &U of T) & Investors.
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Data-driven valuation for 120 Homewood Avenue 1005, Toronto C08, ON M4Y 2J3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $559,900 in Toronto, the legal minimum down payment is $30,990 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,673 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,673 also applies, bringing the total estimated land transfer taxes to $15,346.
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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.