40 Homewood Avenue, Toronto, ON
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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 $459,000 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 600-699 sqft
- 0.0 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
Welcome to 40 Homewood Avenue, this property is located in the heart of Toronto just off of Jarvis & is nearby Toronto Metropolitan University. This 22nd floor unit boasts one bedroom and one bathroom. Upon entry, you are welcomed with a spacious living room with tons of natural light along with large windows. The kitchen and dining area provide an open concept layout with re-painted cabinets, new countertops, and new double sink. The main bedroom of this unit is above-average in size - providing tons of space and flexibility. With a fully renovated 3-piece bathroom, one may notice the new vanity, flooring, and fixtures. Overall, this unit has been freshly painted and renovating including new flooring throughout, kitchen and bathroom renovations, and located in a central location. One may also enjoy the building amenities including a spacious gym, large pool, sauna, BBQ patio, and complimentary underground visitor parking.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 40 Homewood Avenue 2204, 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 $459,000 in Toronto, the legal minimum down payment is $22,950 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 $5,655 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $5,655 also applies, bringing the total estimated land transfer taxes to $11,310.
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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.
