40 days on Market

40 Homewood Ave #1011, Toronto, Ontario M4Y 2K2

In the same building:
-
Condo
-
1
~0-499 sqft
$•••,•••
$369,000
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Condo
-
1
~0-499 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$370/sqft

Est. Mortgage$1,585/mo

Maintenance fees$396/mo

Tax Amount (2024)$1,624/yr

Days On Market40 days


Description

Welcome to #1011 at 40 Homewood Ave, an excellent opportunity to own a cute studio condo in a great location for less than $400K! Situated conveniently close to a number of desirable spots: historic Cabbagetown neighbourhood, Yonge & College, Church & Wellesley, Toronto Metropolitan University, and more. Stroll to U of T, Eaton Centre, and Yonge & Dundas Square. Easy access to TTC (just steps to the College streetcar and a short walk to the College subway station). The unit has been freshly painted and features new vinyl flooring, separate kitchen, walkout to huge west-facing balcony with city views, and full 4-piece bath. Enjoy oodles of storage, with two large closets PLUS a locker. Maintenance fees include all utilities and the building offers plenty of excellent amenities: concierge, huge indoor pool, gym, party room with billiards, meeting room, outdoor terrace with BBQ's, library, laundry room, guest suites, and visitor parking. Potential to rent an underground parking spot from management for $100 per month (speak to listing agent for details). Floor plan is attached. Unit is unfurnished (virtual staging has been added to some of the photos).


Property Details

StyleApartment
View-
Age of property-
SqFt~0-499 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberC12099853
Community NameCabbagetown
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Radiant

Flat Floor

Living

3.22 x 2.87

Vinyl Floor / Large Closet / W/O To Balcony

Dining

3.21 x 2.9

Open Concept / Combined W/Living / West View

Kitchen

2.91 x 1.72

Vinyl Floor / Window / West View

Bathroom

2.22 x 1.51

Tile Floor / 4 Pc Bath


Features

Patio: Open
Balcony: Open

10Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Apr 24, 2025
ListedActive
$369,000
40 days on market
history photo preview34
Listing by trreb®
Property listed by ROYAL LEPAGE SIGNATURE REALTY, Brokerage

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Market Data - Cabbagetown

Geo Zone Map ThumbnailCabbagetown

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

19 days

Compared to

2024

42 days

2023

17 days

2022

5 days

New Listings

Past 30 days

23 listings

Compared to

2024

19 listings

2023

19 listings

2022

23 listings

Units sold

Past 30 days

6 units

Compared to

2024

6 units

2023

11 units

2022

8 units

Median Sold Price

Past 30 days

$637,500

Compared to

2024

$613,750

2023

$725,000

2022

$794,000


Population and Demographics

Overview

Total population 23432
Average household income $113,132

Age (%)

20 to 34
30%
35 to 49
22%
50 to 64
21%
0 to 19
14%
65 and plus
14%

Household composition (%)

Single person
52%
Single family
37%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
64%
Tagalog (Pilipino, Filipino)
5%
Spanish
4%
Mandarin
3%
French
3%
Tamil
2%
Yue (Cantonese)
2%
Arabic
2%
Bengali
2%
Others
2%
Amharic
1%
Vietnamese
1%
Hindi
1%

House tenancy (%)

Renters
77%
Owners
23%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget