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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 $535,000 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.
Welcome to suite 2417 at 40 Homewood Avenue, a rare opportunity to own a spacious two bedroom condo in one of Toronto's most iconic and well-established residences. Built in an era when quality and community came first, this building continues to stand out for its solid construction, timeless design and unbeatable value. This bright, west-facing suite boasts wall-to-wall windows and a private oversized balcony with clear views - perfect for sunset cocktails, morning coffee or entertaining. Inside, you'll find a thoughtful layout with two generous bedrooms, a modernized kitchen with granite counters, and updated finishes throughout. The open concept living and dining area is flooded with natural light, making it feel warm and inviting year-round. At 40 Homewood, you don't just buy a condo - you join a vibrant community. This pet-friendly building has been thoughtfully renovated, with a refreshed lobby, updated hallways and modernized amenities. Monthly fees are truly all-inclusive - covering heat, hydro, cable TV and high speed internet - giving you peace of mind and real value in today's market. Amenities rival downtown's finest: 20m indoor pool, gym, yoga studio, hobby & craft rooms, party room with professional gourmet kitchen, BBQ terrace, reading rooms, community library, sauna and bike storage. Nestled among landscaped greenspace with benches and walking paths, it's a rare urban retreat in the heart of the city. Steps to TTC, TMU, Allan Gardens, The Village, Cabbagetown shops & dining, St. Lawrence Market, and the financial district, this location connects you to everything Toronto has to offer. Whether you're a first-time buyer, savvy investor, or downsizer looking for comfort and convenience, this is a chance to call one of downtown's most welcoming communities home.
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Carpet Free
Concierge/Security
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 40 Homewood Avenue 2417, 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 $535,000 in Toronto, the legal minimum down payment is $28,500 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 $7,175 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,175 also applies, bringing the total estimated land transfer taxes to $14,350.
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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.