40 Homewood Avenue, Unit 316, Toronto, ON
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 $530,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 600-699 sqft
- Ample parking with 1.0 garage spaces (1.0 total parking spaces) with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with wall unit(s) central cooling and highly efficient radiant heating via gas
Description
Welcome to Unit 316 at 40 Homewood Ave a bright, well-kept corner 2-bedroom suite offering a rare sense of calm in the heart of downtown Toronto. Floor-to-ceiling windows in every room frame mature trees and bring in beautiful natural light, while updated closet doors and a well-maintained kitchen make this home move-in ready. This exceptionally well-managed building offers a welcoming community and an impressive collection of amenities, including a heated indoor pool, sauna, gym, updated party room and outdoor BBQ area. Maintenance fees include high-speed internet, cable TV and all utilities an added convenience and value. Ideally located minutes from Cabbagetown, Yonge & Bloor, Wellesley and College subway stations, Loblaws, LCBO, TMU and U of T. A little calm in the middle of everything and a move-in-ready opportunity in the heart of Toronto.
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Property Summary
This condo apartment located at 40 Homewood Avenue, Toronto is currently for sale and has been available for 0 days. This property is listed at $530,000 with an estimated mortgage of $1,764* per month. It has 2 beds, 1 bathroom, and is 600-699 square feet. 40 Homewood Avenue, Toronto is in the Cabbagetown-South St. James Town neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Cabbagetown-South St. James Town, Toronto.
- •2 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •600-699 sqft of generous functional square footage
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Hospital
- Park
- Public Transit
Interior Features
- Carpet Free
Security Features
- Concierge/Security
- Smoke Detector
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Toronto?
If you are looking for a house in Toronto or researching Toronto real estate for sale, this 2-bedroom condo apartment at 40 Homewood Avenue, Unit 316, Toronto, ON offers an exceptional opportunity to buy a home in Toronto, Ontario. Whether you are a first-time Toronto home buyer or comparing active Toronto MLS® homes for sale, working with a dedicated Toronto buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Toronto Buyer Budget & Costs
Estimated mortgage: $1,764*/month*. Estimated Ontario Land Transfer Tax: $14,150. First-time Toronto home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Toronto
Frequently Asked Questions about 40 Homewood Avenue, Unit 316, Toronto, ON
Q.What is the asking price for 40 Homewood Avenue, Unit 316, Toronto, ON ?
The current listing price for 40 Homewood Avenue, Unit 316, Toronto, ON in Cabbagetown-South St. James Town, Toronto is $530,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 1 bathroom across approximately 600-699 sqft.
Q.What property type and architectural style is 40 Homewood Avenue, Unit 316, Toronto, ON ?
40 Homewood Avenue, Unit 316, Toronto, ON is a Condo Apartment (Apartment) featuring a None basement.
Q.What key property features does 40 Homewood Avenue, Unit 316, Toronto, ON offer?
Key property features include: Hospital, Park, Public Transit.
Q.What interior features are included in this home?
Interior highlights include: Carpet Free.
Q.What security features are installed at 40 Homewood Avenue, Unit 316, Toronto, ON ?
Security features include: Concierge/Security, Smoke Detector.
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 Gas and cooling via Wall Unit(s).
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Cabbagetown-South St. James Town, Toronto
161 assaults (45.0/100k)
43 B&E (40.0/100k)
60 thefts (45.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 40 Homewood Avenue 316, Toronto, 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 $530,000 in Toronto, the legal minimum down payment is $28,000 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 $7,075 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $7,075 also applies, bringing the total estimated land transfer taxes to $14,150.
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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.
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