Living room with furniture, unknown for 40 Homewood Ave, Toronto Ontario M4Y 2K2
2 days on Market

40 Homewood Ave, Toronto, Ontario M4Y 2K2

In the same building:
-
Condo
1
1
~502 sqft
$500,000
Get pre-qualifiedPowered by nesto
Buy with Wahi to get
Up to
$5,000Cashback
Condo
1
1
~502 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market2 days

Estimated valueNot available

Price/Sqft$996/sqft

Monthly cost

Open Calculator

CMA Subject Property

Curious about what homes are selling for in this area?

Get a report on comparable homes with helpful insights and trends.

+5

Properties sold*

$615K

Median sold price*

*Based on last 30 days

Description

Welcome to this thoughtfully designed condo offering a bright, spacious, and open-concept layout - perfect for modern city living! For sale for the first time by the original owner, this suite presents exceptional value for both end users and investors alike. The generously sized bedroom features ample closet space and floor-to-ceiling windows that fill the room with natural light. Step outside to your expansive west-facing balcony/terrace, ideal for summer lounging or entertaining guests - there's plenty of room for a full patio set. Enjoy the sunshine by day and take in the stunning sunsets by night with green views that stretch across the property. Situated between Cabbagetown and The Village, this prime location offers the perfect blend of character, convenience, and community. The building itself fosters a strong sense of belonging, with regular social events, a welcoming mix of residents of all ages, and an inclusive, friendly atmosphere that's hard to find in the heart of downtown. You'll also enjoy very low maintenance fees that cover everything - including heat, hydro, water, Bell Fibe high-speed internet, and cable TV. A large locker is included for added storage convenience. Outstanding amenities include an indoor pool, sauna, gym, guest suites, bike storage, EV charging stations, visitor parking, library, and meeting/party room - providing comfort, connection, and convenience all under one roof. Just minutes from the Downtown Core, TMU, U of T, The Village, and an array of top-rated restaurants, cafés, and shops, with easy access to the DVP and Gardiner Expressway. This condo offers the best of downtown living - a vibrant community, full-service amenities, and unbeatable value - all in one exceptional package.


Property Details

Style1 Storey/Apt
View-
Age of property-
SqFt~502 SqFt
Lot Size-
Parking Spaces1
MLS ®Number40780149
Community NameCabbagetown
Data SourceITSO
Listing byRoyal LePage Meadowtowne Realty Inc., Brokerage

Features

Heating: Baseboard, Electric

Main Floor

Kitchen

3.10 x 2.03

Other

Living Room

4.19 x 4.04

Open Concept

Dining Room

4.19 x 4.04

Open Concept

Bedroom

3.89 x 3.12

Other


Features

Sewer (Municipal)

Parking

Garage spaces 1

Garage type -

Other parking spaces 0

Total parking spaces 1


Elevator
Amenities

Concierge

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Oct 20, 2025
ListedActive
$500,000
2 days on market
history photo preview15
Listing by itso®

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

57 days

Compared to

2024

53 days

2023

34 days

2022

65 days

New Listings

Past 30 days

19 listings

Compared to

2024

23 listings

2023

21 listings

2022

12 listings

Units sold

Past 30 days

3 units

Compared to

2024

5 units

2023

3 units

2022

2 units

Median Sold Price

Past 30 days

$630,000

Compared to

2024

$615,000

2023

$690,000

2022

$1,019,440


Population and Demographics

Overview

Total population 23432
Average household income $113,132

Age (%)

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