120 Homewood Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of North St. James Town. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $559,000 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 600-699 sqft
- 0.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Maintained 1-bedroom + Den unit offering a functional layout and an abundance of natural light through large windows. Situated in a highly sought-after downtown location, this unit is perfect for both end-users and savvy investors. Enjoy living in a well-managed building with exceptional amenities, including a rooftop pool, fully equipped fitness Centre, 24-hour concierge, as well as yoga, meeting, and party rooms. Unbeatable location just steps to TTC, parks, shopping, and top-rated restaurants, with easy access to the University of Toronto and Toronto Metropolitan University. An excellent opportunity offering outstanding value in a building with strong appreciation potential. The versatile den, enclosed for added privacy, is ideal as a second bedroom or a dedicated home office. The unit is currently tenanted, making it an excellent turnkey investment opportunity with immediate rental income for investors.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 120 Homewood Avenue 2503, Toronto C08, ON M4Y 2J3
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 $559,000 in Toronto, the legal minimum down payment is $30,900 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 $7,655 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,655 also applies, bringing the total estimated land transfer taxes to $15,310.
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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.