40 Homewood Avenue, Unit 4, Toronto, ON

$495,000
MLS#:C13537892
1 beds
1 baths
700-799 sqft
1.0 parking
Residential Condo & Other
40 Homewood Avenue 1104, Toronto, ON M4Y 2K2

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 $495,000 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.

  • 1 Bedroom and 1 Bathroom
  • Generous living space spanning 700-799 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Primary Bedroom - Main Floor, Propane Tank
  • equipped with central air central cooling and highly efficient radiant heating via electric

Description

Welcome To The Largest One Bedroom Condo In The Building!!! Desired Neighbourhood In The Residences Of 40 Homewood!!! Great Value At 790SF With Large East Facing Balcony To Enjoy YourCoffee With The Morning Sun!!! This Very Much Desired Building Features All The following amenities: indoor Pool, Full Gym, Boardrooms, Large Party rRoom And An Outdoor BBQ Area. Plenty Of Visitor Parking And Storage Locker. Steps To Yonge Street, TTC, Subway, Shopping And All Amenities!!! The Maintenance Fee Includes ALL Utilities Even Phone And Wifi!!! Well Maintained Unit!! Don't Miss This One!!!

Work with the SOUSA TEAM to unlock your . If we are unable to negotiate your purchase price below asking, we'll rebate you up to $10,000!*

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Property Summary

This condo apartment located at 40 Homewood Avenue, Toronto is currently for sale and has been available on SousaSells for 31 days. This property is listed at $495,000 with an estimated mortgage of $1,648* per month. It has 1 bed, 1 bathroom, and is 700-799 square feet. 40 Homewood Avenue, Toronto is in the Cabbagetown-South St. James Town neighborhood.

Work with the SOUSA TEAM to unlock your .

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Cabbagetown-South St. James Town, Toronto.

Great for Small Household / Couples
What We Love About This Home
  • 1 spacious bedroom layout offering versatile living space
  • 1 well-appointed bathroom
  • 700-799 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.

Target Buyer Match

Key Features

Bedrooms
1
Bathrooms
1
Kitchens
1
Living Area
700-799 sqft
Property Type
Residential Condo & Other

Additional Details

StatusActive
Listed Date7/6/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyToronto
Annual Tax$2,317.28

Parking & Garage

Parking Total1.0
Parking Space1
Garage TypeUnderground

Heating & Cooling

Heat SourceElectric
Heat TypeRadiant
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • Primary Bedroom - Main Floor
  • Propane Tank

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 40 Homewood Avenue, Unit 4, Toronto, ON

Q.What is the asking price for 40 Homewood Avenue, Unit 4, Toronto, ON ?

The current listing price for 40 Homewood Avenue, Unit 4, Toronto, ON in Cabbagetown-South St. James Town, Toronto is $495,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 1 bedroom and 1 bathroom across approximately 700-799 sqft.

Q.What property type and architectural style is 40 Homewood Avenue, Unit 4, Toronto, ON ?

40 Homewood Avenue, Unit 4, Toronto, ON is a Condo Apartment (Apartment) featuring a None basement.

Q.What interior features are included in this home?

Interior highlights include: Primary Bedroom - Main Floor, Propane Tank.

Q.Is parking available at this property?

Yes, this property offers parking space for 1.0 vehicle (Underground).

Q.What heating and cooling systems are installed?

Heating is provided via Electric and cooling via Central Air.

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Location

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40 Homewood Avenue, Unit 4, Toronto, ON

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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 1104, Toronto, ON M4Y 2K2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate4.00%
Down Payment$148,500 (30.0%)
* Minimum Canadian down payment required for this price is $24,750.
Amortization Period30 Years
Estimated Monthly Payment$1,648Based on a loan of $346,500 over 30 years.
Purchase Price$495,000
Loan Amount$346,500
Provincial Land Transfer Tax:$6,375
Toronto Municipal Land Transfer Tax:$6,375
Total Estimated Closing Taxes:$12,750

About Purchasing a Home in Toronto, ON

For a property listed at $495,000 in Toronto, the legal minimum down payment is $24,750 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 $6,375 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,375 also applies, bringing the total estimated land transfer taxes to $12,750.

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Toronto Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,263,139

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

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Secondary Schools

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Toronto Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.