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    for sale
    12 Days on Strata
    Est Sell Timeframe:
    22 Days
    $410,000
    1 Bed
    1 Bath
    1 Parking
    519 SQFT
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    Price History


    Maintenance Fees:
    $594/mth
    Taxes:
    $1,745 (2024)
    Property Type:
    Condo
    Cost Per Sqft:
    $790/sqft
    Outdoor Space:
    Balcony
    Locker:
    Exclusive
    Possession Date:
    TBD
    Exposure:
    West

    Amenities

    Concierge
    Visitor Parking
    Gym
    Bike Storage
    Party Room
    Sauna
    Indoor Pool
    Amenity details for reference only. Independently verify accuracy.

    About this Listing

    Welcome to this thoughtfully designed condo offering a bright, spacious, and open-concept layout - perfect for modern city living! For sale for the first time by the original owner, this suite presents exceptional value for both end users and investors alike. The generously sized bedroom features ample closet space and floor-to-ceiling windows that fill the room with natural light. Step outside to your expansive west-facing balcony/terrace, ideal for summer lounging or entertaining guests - there's plenty of room for a full patio set. Enjoy the sunshine by day and take in the stunning sunsets by night with green views that stretch across the property. Situated between Cabbagetown and The Village, this prime location offers the perfect blend of character, convenience, and community. The building itself fosters a strong sense of belonging, with regular social events, a welcoming mix of residents of all ages, and an inclusive, friendly atmosphere that's hard to find in the heart of downtown. You'll also enjoy very low maintenance fees that cover everything - including heat, hydro, water, Bell Fibe high-speed internet, and cable TV. A large locker is included for added storage convenience. Outstanding amenities include an indoor pool, sauna, gym, guest suites, bike storage, EV charging stations, visitor parking, library, and meeting/party room - providing comfort, connection, and convenience all under one roof. Just minutes from the Downtown Core, TMU, U of T, The Village, and an array of top-rated restaurants, cafés, and shops, with easy access to the DVP and Gardiner Expressway. This condo offers the best of downtown living - a vibrant community, full-service amenities, and unbeatable value - all in one exceptional package.

    ExtrasFridge, Stove, Electric Light Fixtures.

    royal lepage meadowtowne realtyMLS® #C12530648

    Utilities & Inclusions

    Hydro
    Included
    Heat
    Included
    Air Conditioning
    Not Included
    Water
    Included
    Parking
    Included
    Building Maintenance
    Included
    Building Insurance
    Included
    Heating Type
    Baseboard
    Heat Source
    Electric
    Air Conditioning Type
    Window Unit

    Dimensions


    Kitchen
    10.27 x 6.63ft
    Ceramic Floor
    Living
    13.91 x 13.35ft
    Ceramic Floor, Open Concept, Walk-Out
    Dining
    13.91 x 13.35ft
    Ceramic Floor, Open Concept, Walkout To Balcony
    Bedroom
    12.93 x 10.37ft
    Ceramic Floor, His/Hers Closets, Large Window

    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

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    9/10
    Walkability
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    9/10
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    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,212
    Average Individual Income
    $67,505
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $115,353
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    18%
    50 - 64
    23%
    65+
    21%
    Household Income
    $0 - $30,000
    48%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    41%
    Semi Detached
    28%
    High Rise Apartment
    15%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    73%
    Mandarin
    12%
    Cantonese
    9%
    Tagalog
    2%
    French
    1%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    34%
    High School
    26%
    College
    16%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%


    Days on Strata

    Units at 40 Homewood Avenue Condos spend an average of
    41
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Cabbagetown

    Turnover of Units

    On average, each unit is owned for
    22
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    11th
    Highest price per SQFT out of 42 condos in the Cabbagetown area

    Sold Units

    23
    Units were Sold over the past twelve months

    Rented Units

    3
    Units were Rented over the past twelve months

    Best Value Rank

    40 Homewood Avenue Condos offers the
    ?
    best value out of 42 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    40 Homewood Avenue Condos has the
    ?
    highest ROI out of 42 condos in the Cabbagetown neighbourhood

    Rental Yield

    40 Homewood Avenue Condos yields the
    ?
    highest rent prices out of 42 condos in the Cabbagetown neighbourhood

    High Demand

    40 Homewood Avenue Condos is the
    ?
    most popular building out of 42 condos in the Cabbagetown neighbourhood

    Market Insights

    Transaction Insights at 40 Homewood Avenue Condos

    Studio1 Bed1 Bed + Den2 Bed
    Price Range$278,000 - $440,000$320,000 - $490,000No Data$465,000 - $543,000
    Avg. Cost Per Sqft$862$856No Data$714
    Avg. Wait for Unit Availability77 Days28 DaysNo Data70 Days
    Ratio of Units in Building19%56%1%23%

    Market Inventory

    Total number of units listed and sold in Cabbagetown