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 concrete construction, this residence presents an exceptional opportunity offered at $579,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 800-899 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with window unit(s) central cooling and highly efficient radiant heating via electric
Description
Welcome Home to this Charming over sized 2 bedroom right in the historic community of Cabbagetown.This rare, sunfilled, open concept unit maximizes space with a practical layout & ample storage. Brand new kitchen with a New fridge, new range hood, new stove and oven. Walk out to a massive balcony w/ unobstructed west views of downtown Toronto to enjoy your sunrise. Being in the heart of downtown Toronto takes you just moments away from the vibrant Eaton Centre,Dundas Square, Allen Gardens, Trendy Restaurants, Metropolitan University, University of Toronto,dog parks, & all neighbourhood amenities. Accessibility is right by your doorstep w/ 2 mins to Carlton Street car, 4 mins to Wellesley, & Quick Drive to DVP & Gardiner. Your home includes a friendly 24hr concierge, 50m year-round indoor pool, sauna, full gym, patio with BBQ, library, partyroom, & beautiful tree-lined garden. This unit offers an unique opportunity for both first timehomeowners & investors alike with condo fees including Heat, Hydro, and Water. Your Search Ends Here!
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Library, Park, School, Public Transit, Ravine, Place Of Worship
Interior Features
Carpet Free
Security Features
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 301, 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 $579,000 in Toronto, the legal minimum down payment is $32,900 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 $8,055 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $8,055 also applies, bringing the total estimated land transfer taxes to $16,110.
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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.