#2201 40 Homewood Avenue, Toronto (Cabbagetown-South St. James Town), Ontario, M4Y2K2




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$489,000
Toronto
This 3-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. Listed at $489,000, it is attractively priced about 18% below the $598,000 median asking price in Toronto.
Welcome to this thoughtfully designed condo offering a bright, spacious, and open-concept layout - perfect for modern city living. Excellent value for both end users and investors alike. The generously sized bedroom features ample closet space and windows to fill the room with natural light. Step outside to your east-facing balcony is ideal for summer. Situated between Cabbage town and The Village, this prime location offers the perfect blend of character, convenience, and commuting. The location is ideal for 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. Just minutes from the Downtown Core, TMU, U of T, The Village, and a variety of top-rated restaurants, cafes, 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. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 232 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 3-bed single family in Toronto (Cabbagetown-South St. James Town) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $489,000, about 7.8× the local median household income of $62,400.
Carrying it typically needs a household income of about $95,519 (20% down, 25-yr amortization, stress-tested) — roughly 53% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4Y)
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Loading rates, 30-yr amortization
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