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.
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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Data-driven valuation for 40 Homewood Avenue 208, Toronto C08, ON M4Y 2K2
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 $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.
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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.