40 Homewood Avenue, Toronto, ON
This listing is no longer active (Sold)
This property has been sold, leased, or taken off the market. You can view similar active listings below.
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 and concrete construction, this residence presents an exceptional opportunity offered at $345,000 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 0-499 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Other
- Efficient baseboard heating via electric
Description
Sold under POWER OF SALE. "sold" as is - where is. Welcome to 40 Homewood! One of Toronto's original condominium residences where history, community, and opportunity meet in the heart of Church/Wellesley Village. This spacious 1-bedroom suite is a rare find for the inspired renovator looking to create a personalized home. The functional layout features oversized principal rooms, ample storage, a floor-to-ceiling kitchen window, and a west-facing balcony. All utilities are included in the maintenance fees along with high-speed internet, cable TV, hydro, and building security. Residents enjoy access to a newly updated gym, indoor pool, and expansive outdoor terrace with BBQs perfect for relaxing or entertaining. Set in a well-managed building with a strong sense of community, just steps to transit, parks, cafés, and the vibrant energy of Toronto's most inclusive and welcoming neighborhood.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 40 Homewood Avenue 509, 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 $345,000 in Toronto, the legal minimum down payment is $17,250 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 $3,650 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $3,650 also applies, bringing the total estimated land transfer taxes to $7,300.
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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.
