40 Homewood Avenue, Toronto, ON
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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 $425,000 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
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with wall unit(s) central cooling and highly efficient radiant heating via electric
Description
A RARE find is this spacious 1 bedroom condo in downtown Toronto at this price available for immediate possession. Located close to every convenience, 24 hr. grocery, restaurants, TTC, parks, arts & entertainment, schools/university and short walk to Financial District, Yorkville, Church-Wellesley, Mattamy Centre, Eaton Centre and more. This bright spacious condo has a fully renovated kitchen, updated bathroom, the walls have been sanded and painted throughout so just ready to move in. The open concept living, dining, entertaining space, parquet flooring throughout, large west facing wall to wall windows, oversized private balcony with newer sliding patio doors and a newer bedroom window are a few of the other great features. The building has undergone a major, hotel-like, refurbishment of the common areas including new carpeting/painting in the hallways, unit doors, elevator fasade etc. The building amenities have previously been updated and a must see; gym, indoor pool, change rooms/sauna, party/billiards room, library, meeting room/workspace, laundry room, patio. Visitor parking and 0vernight visitor parking upon availability. Unit pictures have been virtually staged. See unit floor plan.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Arts Centre, Clear View, Hospital, Park, Public Transit
Interior Features
Carpet Free
Security Features
Concierge/Security, Security System
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 1103, 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 $425,000 in Toronto, the legal minimum down payment is $21,250 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 $4,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $4,975 also applies, bringing the total estimated land transfer taxes to $9,950.
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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.
