$519,000

For saleJust listed

#316 40 Homewood Avenue, Toronto (Cabbagetown-South St. James Town) - Single Family for Sale

#316 40 Homewood Avenue, Toronto (Cabbagetown-South St. James Town), Ontario, M4Y2K2

2 beds1 bath1 parking650 ft²$764/mo condo feeListed 6 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $519,000, it is attractively priced about 13% below the $598,000 median asking price in Toronto. It has been on the market 6 days, fresher than the Toronto average of 57 days.

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Description

Welcome to Unit 316 at 40 Homewood Ave a bright, well-kept corner 2-bedroom suite offering a rare sense of calm in the heart of downtown Toronto. Floor-to-ceiling windows in every room frame mature trees and bring in beautiful natural light, while updated closet doors and a well-maintained kitchen make this home move-in ready.This exceptionally well-managed building offers a welcoming community and an impressive collection of amenities, including a heated indoor pool, sauna, gym, updated party room and outdoor BBQ area. Maintenance fees include high-speed internet, cable TV and all utilities an added convenience and value. Ideally located minutes from Cabbagetown, Yonge & Bloor, Wellesley and College subway stations, Loblaws, LCBO, TMU and U of T. A little calm in the middle of everything and a move-in-ready opportunity in the heart of Toronto. (id:66096)

Property Details

MLS®: C14135684
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Radiant heat, Natural gas
Cooling: Wall unit
Garage: Garage, Underground
Pool: Yes
Condo Fee: $764/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,317.28/yr
Listed: 6 days ago

Rooms

Main level

Kitchen
Living room
Primary Bedroom
Bedroom 2

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Stove
Flooring: Tile
Exterior: Brick
Lot Features: Elevator, Balcony, Carpet Free, Laundry- Coin operated

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Cabbagetown-South St. James Town) listings, avg age

57d

Price / ft²

$799

List price

$519K

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.

Haho

This 2-bed single family in Toronto (Cabbagetown-South St. James Town) has been listed for 6 days, which is 51 days fresher than the city average of 57. Act while there is still low competition.

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Listed by PROPERTY.CA INC. · NICHOLE AMANDA HUBER-BOTH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $519,000, about 8.3× the local median household income of $62,400.

Carrying it typically needs a household income of about $101,379 (20% down, 25-yr amortization, stress-tested) — roughly 62% above the area median.

Median household income: $62,400
Population: 36,319
Median age: 33.2
Owner / renter: 29% / 72%
Avg. household size: 1.5

Source: Statistics Canada, 2021 Census (FSA M4Y)

$519,000· $799/ft²

For sale

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Full Cost Breakdown

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Down Payment5.18% · $26,900

Min 5.18%50%

Mortgage payment$2,728/mo

↳ CMHC premium ($19,684 capitalized)

Property tax (est.)$193/mo

Condo fee$764/mo

Total monthly$3,685

Cash Needed to Close

Down payment (5.18%)$26,900

Land transfer tax$13,710

Est. closing costs$4,057

Total cash needed$44,667

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