40 Homewood Avenue, Toronto, ON
This listing is no longer active (Sold)
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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 brick construction, this residence presents an exceptional opportunity offered at $489,900 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 800-899 sqft
- 0.0 total parking spaces available
- Notable attributes: None
- Efficient radiant heating via electric
Description
The building has major renovations to common areas including the lobby, hallways, elevators, and more. Monthly maintenance fees include ALL utilities, cable TV, and high-speed Internet. Enjoy top-tier amenities: a full fitness centre, 20m (65ft) indoor pool, sauna, community library, party room, BBQ terrace, bike storage, 24/7 concierge and ample visitor parking. This is an inclusive, pet-friendly building with a strong sense of community in a vibrant and central location. Steps to TTC, TMU, Allan Gardens, The Village, and Cabbage towns charming shops and restaurants, this home blends heritage charm with urban convenience. Large two bedroom, vacant! Easy to show, ready for your renovations or contractor. Estate sell, property sold "as is" no warranty from seller.
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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 40 Homewood Avenue 2502, 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 $489,900 in Toronto, the legal minimum down payment is $24,495 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 $6,273 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,273 also applies, bringing the total estimated land transfer taxes to $12,546.
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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.
