40 Homewood Avenue, Toronto, ON

$2,600
MLS#:C13158776
1 beds
1 baths
500-599 sqft
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment common element condo 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 $2,600 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
  • 0.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free, Intercom
  • equipped with wall unit(s) central cooling and highly efficient baseboard heating via electric

Description

Beautifully renovated ome bedroom in a highly sought-after location, located in the heart of downtown Toronto at 40 Homewood Ave. Situated on the 2nd floor, this thoughtfully designed unit features floor-to-ceiling windows, a stylish glass divider for added privacy, and an oversized balcony overlooking the charming Victorian homes of Cabbagetown. Fully renovated in 2023, the unit offers a unique blend of comfort, character, and modern living. Offered fully furnished and fully equipped, including household essentials and small appliances for a seamless move-in experience. All-inclusive living with utilities, high-speed Bell fiber internet, and TV cable included. Air-conditioned and tastefully designed with artistic touches and distinctive features, creating a truly one-of-a-kind living space. Located in a well- managed building with extensive upgrades and excellent reputation, close to transit, parks, shopping, restaurants, and downtown amenities. Ideal for tenants seeking a comfortable, turnkey home with personality and convenience. underground parking is available (at additional charge $110 monthly).

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Key Features

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

Additional Details

StatusActive
Listed Date5/21/2026
Transaction TypeFor Lease

Property Details

Property Sub-TypeCommon Element Condo
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyToronto

Parking & Garage

Parking Spaces0.0
Garage TypeUnderground

Heating & Cooling

Heat SourceElectric
Heat TypeBaseboard
CoolingWall Unit(s)

Features

Property Features

Interior Features

Carpet Free, Intercom

Security Features

Community Features

Location

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40 Homewood Avenue, Toronto, 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 208, 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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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$130 (5.0%)
* Minimum Canadian down payment required for this price is $130.
Amortization Period25 Years
Estimated Monthly Payment$15Based on a loan of $2,470 over 25 years.
Purchase Price$2,600
Loan Amount$2,470
Provincial Land Transfer Tax:$13
Toronto Municipal Land Transfer Tax:$13
Total Estimated Closing Taxes:$26

About Purchasing a Home in Toronto, ON

For a property listed at $2,600 in Toronto, the legal minimum down payment is $130 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 $13 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $13 also applies, bringing the total estimated land transfer taxes to $26.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,165,517

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

St Monica
Public14 Broadway Avenue, Toronto, Ontario, M4P 1T4
6.9
Deer Park
Public23 Ferndale Avenue, Toronto, Ontario, M4T 2B4
6.9
St Anselm
Public182 Bessborough Drive, Toronto, Ontario, M4G 3J9
8.7
Blythwood
PublicToronto, Ontario, M4G 0A6
9.4
Our Lady of Perpetual Help
Public1 1/2 Garfield Avenue, Toronto, Ontario, M4T 1E6
9.7

Secondary Schools

North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4
Northern
Public851 Mount Pleasant Road, Toronto, Ontario, M4P 2L5
8.2
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
Leaside
Public200 Hanna Road, Toronto, Ontario, M4G 3N8
9.1
Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

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.