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 $339,000 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.
- 0 Bedrooms and 1 Bathroom
- Generous living space spanning 0-499 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- Efficient radiant heating via electric
Description
Welcome to #1011 at 40 Homewood Ave, an excellent opportunity to own a cute studio condo in a great location for less than $340K! Situated conveniently close to a number of desirable spots: historic Cabbagetown neighbourhood, Yonge & College, Church & Wellesley, Toronto Metropolitan University, and more. Stroll to U of T, Eaton Centre, and Yonge & Dundas Square. Easy access to TTC (just steps to the College streetcar and a short walk to the College subway station). The unit has been freshly painted and features new vinyl flooring, separate kitchen, walkout to huge west-facing balcony with city views, and full 4-piece bath. Enjoy oodles of storage, with two large closets PLUS a locker. Maintenance fees include all utilities and the building offers plenty of excellent amenities: concierge, huge indoor pool, gym, party room with billiards, meeting room, outdoor terrace with BBQ's, library, laundry room, guest suites, and visitor parking. Potential to rent an underground parking spot from management for $100 per month. Floor plan is attached. Unit is unfurnished (virtual staging has been added to some of the photos).
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 40 Homewood Avenue 1011, 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 $339,000 in Toronto, the legal minimum down payment is $16,950 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 $3,560 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $3,560 also applies, bringing the total estimated land transfer taxes to $7,120.
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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.
