Sold conditionally
33 days on Market

40 Homewood Ave #Ph 02, Toronto, Ontario M4Y 2K2

In the same building:
-
Condo
2
1
~800-899 sqft
$559,000
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Condo
2
1
~800-899 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$660/sqft

Est. Mortgage$2,401/mo

Maintenance fees$865/mo

Tax Amount (2024)$2,453/yr

Days On Market33 days


Description

I can see for miles and miles! Downtown living in a cottage like setting with spectacular unobstructed views of lake Ontario from every window, a rustic natural wood floor, and a fresh cross breeze. Large 2 bedroom corner penthouse unit on the 32nd floor facing east / south, showing all the city has to offer, including the CN tower. Beautiful space, room to put your own touches on it; sold "as is". Huge balcony, huge closets, lovely spacious grounds, low maintenance fees including utilities and Bell Fibe wifi, excellent water pressure. Quiet, vacant. Situated on a quiet residential street, just off the beaten track.Centrally located downtown, it's a quick walk to Maple Leaf Gardens Loblaws, Cabbagetown, The Village, Allan Gardens dog park, TMU, shops, restaurants, and TTC in every direction. Underground parking available through the office. New guest suite for $150 per night. Bike rooms and locker available through the management office. Can rent parking spot from Management. Undergoing renovations: Plumbing is being upgraded, hence exposed ceiling pipes in the hall. Hallways are undergoing a total refurbishment expected to be completed around April. Looks messy now, but will be beautiful upon completion, designed to match recently renovated lobby. Refurbishment details available. Some items may be included in the sale. Truly a million dollar view. Must-see!


Property Details

StyleApartment
View-
Age of property31-50
SqFt~800-899 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberC10417073
Community NameCabbagetown
Data SourceTRREB
Listing byKELLER WILLIAMS ADVANTAGE REALTY

Features

Heating: Radiant
Cooling: Window Unit

Ground Floor

Living

5.70 x 3.10

W/O To Balcony / Parquet Floor / South View

Kitchen

3.30 x 2.20

Marble Floor

Other

5.10 x 1.83

South View / East View / Concrete Floor


Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


31Story
Amenities

Bike Storage, Exercise Room, Indoor Pool, Party/Meeting Room, Visitor Parking

Inclusions
Hydro
Water
Parking
Cable
Heat

Property listed by KELLER WILLIAMS ADVANTAGE REALTY, Brokerage

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Market Data - Cabbagetown

Strong Buyer's Market

Condo - for the past 30 days

Buyer market Seller market

Avg. Days on Market

Past 30 days

45 days

Compared to

2023

20 days

2022

35 days

2021

22 days

New Listings

Past 30 days

40 listings

Compared to

2023

35 listings

2022

11 listings

2021

12 listings

Units sold

Past 30 days

6 units

Compared to

2023

11 units

2022

4 units

2021

10 units

Median Sold Price

Past 30 days

$577,000

Compared to

2023

$675,000

2022

$476,250

2021

$688,000


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%

Schools and amenities

Estimated Budget