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    for sale
    11 Days on Strata
    Est Sell Timeframe:
    22 Days
    $364,900
    Studio
    1 Bath
    0 Parking
    348 SQFT
    Strata is Hiring Realtors | Apply Now

    Price History


    Maintenance Fees:
    $396/mth
    Taxes:
    $1,712 (2025)
    Property Type:
    Condo
    Cost Per Sqft:
    $1,049/sqft
    Outdoor Space:
    Terrace
    Locker:
    Owned
    Possession Date:
    Now
    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 your newly renovated condo at 40 Homewood Avenue. This beautiful bachelor condo has been transformed from top to bottom and is ready for you to move in and enjoy. This bright, west-facing unit boasts brand-new flooring throughout, creating a seamless and "like home" feel. The new kitchen has been given a new facelift with newer cabinetry and new countertops, complemented by a new stainless steel appliances. This space offers the best of both worlds: a versatile sleeping area where a buyer can add a bifold partition to adjust natural light and privacy, and a large closet for all your wardrobe needs. The washroom has also been beautifully redone with modern finishes. The spacious main living area features a walkout to a large private balcony, offering stunning views and a perfect spot for morning coffee or evening relaxation. The unit is complete with a generously sized closet for ample storage, and a separate locker for your convenience. Located in a prime downtown location, you're just steps away from TTC, Toronto Metropolitan University, and the vibrant communities of Cabbagetown and Church-Wellesley Village. The well-managed building offers an array of fantastic amenities, including a concierge, a huge indoor pool, a fully equipped gym, and an outdoor terrace with BBQs. This unit is an exceptional opportunity for a student, professional, or couple seeking a turn-key, stylish home in the heart of the city. Parking can be rented from management for approximately $100 per month. Do not miss out on this opportunity. Please note some of these pictures have been virtually staged.

    ExtrasFridge, Stove, Window AC unit

    solid rock realtyMLS® #C12531736

    Utilities & Inclusions

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

    Dimensions

    Room dimensions are not available for this listing.


    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

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    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
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    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
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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