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    1412 - 40 Homewood Ave

    $479,0001 bd1 ba0 pk560 sqft
    6 Days on Strata
    Est Sell Timeframe:
    19 Days
    $479,000
    1 Bed
    1 Bath
    0 Parking
    560 SQFT

    Listing History


    Details

    Property Type:

    Condo

    Maintenance Fees:

    $595/mth

    Taxes:

    $1,888 (2024)

    Cost Per Sqft:

    $855/sqft

    Outdoor Space:

    Balcony

    Locker:

    Exclusive

    Exposure:

    East

    Possession Date:

    Immediately

    Laundry:

    Lower

    Amenities

    Visitor Parking
    Rec Room
    Indoor Pool
    Party Room
    Gym
    Bike Storage
    Security System
    Sauna
    Concierge

    About this Listing

    Welcome to this tastefully renovated bright condo at 40 Homewood - a prime location for quality downtown living! You are minutes from TMU (formerly Ryerson University), U of T, The Eaton Centre, Loblaws' Flagship store on Carlton, TTC streetcars and the College Street subway. Enter into an open concept kitchen/dining/living with a walkout to a spacious balcony (6 ft x 15 ft) that embraces the East. Sit and sip your coffee as the sun rises and Lake Ontario sparkles. A view that goes on forever over treed residential neighbourhoods with condo buildings that light up at night. Your upgraded kitchen with an abundance of well-designed cupboards makes meal preparation a breeze. And there's a Breakfast Bar for 2 for the on-the-go meals or the quick coffee chat. The updated bathroom with a walk-in spacious shower in forest green tiles and a Rain Forest shower head will get you ready for your day. Sunny bedroom with California shutters to let the light in and shut it right out, as needed. You'll love the extra-large clothes closet with shelves and a large built-in bookcase with cupboards offers even more space for your TV, books, photos, decorations. Still not enough space? There's a large locker included! Very low maintenance fees with great amenities- indoor pool, sauna, gym, guest suites, bike storage, electrical charging station, visitor parking, library, meeting/party room, and all your utilities are included! Parking is available for a monthly rental fee of $100.Considered one of the best-managed buildings in downtown; and the concierge is always super pleasant and helpful. Make this one your Home on Homewood! The bedroom, living/dining room and balcony have been virtually staged.

    ExtrasFridge, stove, dishwasher, microwave, window A/C, locker, all electrical fixtures (and fans), all window coverings. Condo maintenance fee of $594.83 include all utilities, internet and cable

    royal lepage real estate services ltd.MLS® #C12081391

    Fees & Utilities

    Maintenance Fees

    Included in Fees
    Hydro
    Heat
    Water
    Building Maintenance
    Building Insurance
    Not Included
    Air Conditioning

    Utility Type

    Air Conditioning

    Window Unit

    Heat Source

    No Data

    Heating

    Radiant

    Room Dimensions

    Living

    Combined with Dining, Laminate, Walkout To Balcony

    11.91 x 14.5ft

    Dining

    Combined with Living, Laminate, Walkout To Balcony

    11.91 x 14.5ft

    Kitchen

    Breakfast Bar, Renovated

    10.3 x 7.09ft

    Bedroom

    Built-in Shelves, California Shutters, Large Closet

    14.01 x 10.3ft

    Other

    Balcony, East View

    14.76 x 5.12ft

    Buyer's Market
    Balanced
    Seller's Market

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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
    35
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    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
    21.6
    YEARS before being sold again

    Property Value

    -21%
    Decrease in property value within the past twelve months

    Price Ranking

    7th
    Highest price per SQFT out of 37 condos in the Cabbagetown area

    Sold Units

    18
    Units were Sold over the past twelve months

    Rented Units

    6
    Units were Rented over the past twelve months

    Best Value Rank

    40 Homewood Avenue Condos offers the
    ?
    best value out of 37 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    40 Homewood Avenue Condos has the
    ?
    highest ROI out of 37 condos in the Cabbagetown neighbourhood

    Rental Yield

    40 Homewood Avenue Condos yields the
    ?
    highest rent prices out of 37 condos in the Cabbagetown neighbourhood

    High Demand

    40 Homewood Avenue Condos is the
    ?
    most popular building out of 37 condos in the Cabbagetown neighbourhood

    Market Insights

    Transaction Insights at 40 Homewood Avenue Condos

    Studio1 Bed1 Bed + Den2 Bed
    Price Range$390,000 - $440,000$415,000 - $525,000No Data$510,000 - $589,000
    Avg. Cost Per Sqft$1,017$819No Data$700
    Avg. Wait for Unit Availability90 Days27 DaysNo Data69 Days
    Ratio of Units in Building17%58%1%24%

    Market Inventory

    Total number of units listed and sold in Cabbagetown


    The information on this website is taken from sources deemed reliable. However, the accuracy cannot be guaranteed and it is the responsibility of the website user to personally verify all information. The property information herein is derived from various sources that may include, but are not limited to, municipal records and the Multiple Listing Service, and may include approximations.

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