40 Homewood Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Bachelor/Studio 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 $364,900 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: None
- equipped with window unit(s) central cooling and highly efficient radiant heating via electric
Description
Welcome to your newly renovated condo at 40 Homewood Avenue. This beautiful bachelor condo has been transformed from top to bottom and is ready for you to move in and enjoy. This bright, west-facing unit boasts brand-new flooring throughout, creating a seamless and "like home" feel. The new kitchen has been given a new facelift with newer cabinetry and new countertops, complemented by a new stainless steel appliances. This space offers the best of both worlds: a versatile sleeping area where a buyer can add a bifold partition to adjust natural light and privacy, and a large closet for all your wardrobe needs. The washroom has also been beautifully redone with modern finishes. The spacious main living area features a walkout to a large private balcony, offering stunning views and a perfect spot for morning coffee or evening relaxation. The unit is complete with a generously sized closet for ample storage, and a separate locker for your convenience. Located in a prime downtown location, you're just steps away from TTC, Toronto Metropolitan University, and the vibrant communities of Cabbagetown and Church-Wellesley Village. The well-managed building offers an array of fantastic amenities, including a concierge, a huge indoor pool, a fully equipped gym, and an outdoor terrace with BBQs. This unit is an exceptional opportunity for a student, professional, or couple seeking a turn-key, stylish home in the heart of the city. Parking can be rented from management for approximately $100 per month. Do not miss out on this opportunity. Please note some of these pictures have been virtually staged.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 40 Homewood Avenue 3111, 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 $364,900 in Toronto, the legal minimum down payment is $18,245 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 $3,949 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $3,949 also applies, bringing the total estimated land transfer taxes to $7,897.
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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.