40 Homewood Avenue, Toronto, ON
This listing is no longer active (Sold)
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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 $559,000 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 800-899 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with window unit(s) central cooling and highly efficient radiant heating via electric
Description
I can see for miles and miles! Downtown living in a cottage like setting with spectacular unobstructed views of lake Ontario from every window, a rustic natural wood floor, and a fresh cross breeze. Large 2 bedroom corner penthouse unit on the 32nd floor facing east / south, showing all the city has to offer, including the CN tower. Beautiful space, room to put your own touches on it; sold "as is". Huge balcony, huge closets, lovely spacious grounds, low maintenance fees including utilities and Bell Fibe wifi, excellent water pressure. Quiet, vacant. Situated on a quiet residential street, just off the beaten track.Centrally located downtown, it's a quick walk to Maple Leaf Gardens Loblaws, Cabbagetown, The Village, Allan Gardens dog park, TMU, shops, restaurants, and TTC in every direction. Underground parking available through the office. New guest suite for $150 per night. Bike rooms and locker available through the management office. Can rent parking spot from Management. Undergoing renovations: Plumbing is being upgraded, hence exposed ceiling pipes in the hall. Hallways are undergoing a total refurbishment expected to be completed around April. Looks messy now, but will be beautiful upon completion, designed to match recently renovated lobby. Refurbishment details available. Some items may be included in the sale. Truly a million dollar view. Must-see!
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Key Features
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Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Hospital, Library, Park, Rec./Commun.Centre, School
Interior Features
Carpet Free
Security Features
Community Features
Location
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 Ph 02, Toronto C08, ON M4Y 2K2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $559,000 in Toronto, the legal minimum down payment is $30,900 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 $7,655 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,655 also applies, bringing the total estimated land transfer taxes to $15,310.
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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.
