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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 $419,900 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.
Bright, spacious, and thoughtfully updated, this open-concept one-bedroom condo offers exceptional value in one of downtown Toronto's most established and well-managed buildings. The renovated kitchen features stainless steel appliances and flows seamlessly into the combined living and dining area, complete with hardwood floors and a walk-out to a large private balcony with unobstructed east and south city views. The unit has been upgraded with ductless air conditioning systems in both the living room and bedroom, providing efficient, customizable comfort year-round. A stylishly updated washroom and generous closet space complete this move-in-ready suite. Residents enjoy an impressive array of amenities, including an indoor swimming pool, full fitness centre, concierge and 24-hour security, recently renovated lobby and hallways, and well maintained common areas. Maintenance fees include all utilities - heat, hydro, water, cable TV, and internet, making budgeting simple and predictable. Parking is available through building management for approximately $100/month. Ideally located just steps to TTC transit, Toronto Metropolitan University, Church-Wellesley Village, parks, restaurants, shopping, and minutes to the downtown core, DVP, and Gardiner Expressway. An outstanding opportunity for end users, professionals, or investors seeking comfort, convenience, and long-term value in a prime urban location.
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Clear View, Hospital, Park, Public Transit, School
Built-In Oven, Carpet Free, Storage Area Lockers
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This could be the first listing for this address.
Data-driven valuation for 40 Homewood Avenue 1606, 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 $419,900 in Toronto, the legal minimum down payment is $20,995 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 $4,873 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $4,873 also applies, bringing the total estimated land transfer taxes to $9,746.
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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.