40 Homewood Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 1 Storey/Apt 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 $399,900 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.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 500-599 sqft
- Features a other basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Other
- equipped with window unit(s) central cooling and highly efficient radiant heating via electric
Description
Discover effortless urban living in this penthouse residence, where space, light, and views come together beautifully. This condo presents a rare opportunity for both end users and investors seeking long-term value. The well-proportioned one-bedroom layout is enhanced by soaring floor-to-ceiling windows, filling the home with natural light and offering abundant storage throughout. A true highlight of the suite is the oversized 18-foot balcony, oriented west for uninterrupted skyline views and unforgettable sunsets. With ample room for outdoor dining and lounging, it's an ideal extension of your living space-perfect for relaxing evenings or entertaining friends. All-inclusive condo fees cover heat, hydro, water, Bell Fibe Internet, and Crave TV, providing exceptional convenience and cost certainty. Located in a vibrant, highly walkable neighbourhood just moments from downtown, major universities, transit, dining hotspots, grocery stores, and retail, with quick connections to the DVP and Gardiner Expressway, this penthouse offers a refined city lifestyle with everything at your doorstep.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 40 Homewood Avenue PH7, 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 $399,900 in Toronto, the legal minimum down payment is $19,995 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 $4,474 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $4,474 also applies, bringing the total estimated land transfer taxes to $8,947.
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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.
