15 days on Market

40 Homewood Ave #1112, Toronto, Ontario M4Y 2K2

In the same building:
-
Condo
1
1
~500-599 sqft
$499,000
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Condo
1
1
~500-599 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$916/sqft

Est. Mortgage$2,143/mo

Maintenance fees$594/mo

Tax Amount (2024)$1,888/yr

Days On Market15 days


Description

Feel right at home on Homewood! Looking for a condo that stands out from the rest at a price you can actually afford? Welcome to 40 Homewood Avenue Suite 1112! Step inside this completely renovated, spacious designer condo in the heart of downtown Toronto and marvel at the high-end designer finishes and excellent taste - more than $75,000 spent on brand new upgrades! The brand-new kitchen is straight out of a magazine and features sleek stainless-steel appliances, full-height custom cabinetry, elegant quartz countertops and backsplash, plus a breakfast bar perfect for everyday meals or entertaining family and friends while cooking up a storm. Natural morning light pours into the living area through large, east-facing windows, creating a bright and inviting atmosphere. The walk-out balcony is adorned with wooden deck tiles, ideal for enjoying your morning coffee or unwinding with an evening drink. Storage is seamless with custom-built closets galore in both the entryway and bedroom. The modernized bathroom is as good as it gets, boasting sleek porcelain tiles, a contemporary floating vanity and an upgraded shower. American white oak engineered hardwood floors, new baseboard trim, and new doors throughout are the cherries on top of this fabulous unit. Situated just steps from College subway station, TMU (formerly Ryerson University), Loblaws, Allan Gardens, and the vibrant Cabbagetown/Garden District, this condo places you at the centre of it all. Don't miss this rare opportunity to own a piece of Toronto's history in a building known for its strong community spirit and excellent amenities, all while never having to lift a finger as you move into your dream renovated condo. Welcome home!


Property Details

StyleApartment
View-
Age of property51-99
SqFt~500-599 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberC12162611
Community NameCabbagetown
Data SourceTRREB
Listing byROYAL LEPAGE CONNECT REALTY

Features

Heating: Radiant

Flat Floor

Br

3.1 x 4.78

B/I Closet / hardwood floor / Ceiling Fan

Dining

4.24 x 3.61

Combined W/Living / Renovated / hardwood floor

Kitchen

3.02 x 2.82

Stainless Steel Appl / Quartz Counter / Custom Backsplash

Living

4.24 x 3.61

Combined W/Dining / W/O To Balcony / Large Window


Features

Patio: Open
Balcony: Open

11Story
Elevator
Amenities

Bike Storage, Indoor Pool, Concierge, Visitor Parking, Gym, Sauna

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

May 21, 2025
ListedActive
$499,000
15 days on market
history photo preview33
Listing by trreb®
Property listed by ROYAL LEPAGE CONNECT 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