$1,325,000

For sale

#617 120 Homewood Avenue, Toronto (Cabbagetown-South St. James Town) - Single Family for Sale

#617 120 Homewood Avenue, Toronto (Cabbagetown-South St. James Town), Ontario, M4Y2J3

2 beds3 baths1 parking1,500 ft²$1,341/mo condo feeListed 22 days ago

Overview

This 2-bedroom, 3-bathroom condo in Toronto is for sale offering roughly 1,500 sq ft of space. It has been on the market 22 days, fresher than the Toronto average of 57 days.

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Description

CORNER UNIT. SOARING CEILINGS. DRAMATIC CITY VIEWS. EXCEPTIONAL TWO-STOREY LOFT LIVING.Experience downtown Toronto from a different perspective in this rarely offered 1,541 sq. ft. two-storey loft at The Verve by Tridel. A striking wall of floor-to-ceiling windows showcases sweeping city views, while soaring double-height ceilings flood the space with natural light and create an extraordinary sense of volume. Savour spectacular sunsets from the west-facing terrace complete with a 17-ft. electric awning for welcome shade. Beautifully renovated with a cohesive eye for detail, the interiors balance contemporary design with warmth and understated elegance. Despite its vibrant downtown setting, the space feels remarkably peaceful - a serene retreat above the city.The chef-inspired kitchen combines sleek quartz countertops, premium stainless steel appliances, a breakfast bar and a built-in Miele coffee machine. Rich hardwood floors and a striking floating industrial-style staircase add warmth and architectural character.Upstairs, two generously sized bedrooms offer a welcome sense of privacy and retreat. The primary suite features a luxurious five-piece ensuite and electric blinds for effortless light control and privacy, enhancing the comfort of this beautifully appointed suite. The second bedroom enjoys its own three-piece ensuite - ideal for guests or a private home office. Beyond your front door, The Verve's outstanding amenities include a resort-style outdoor pool and sun deck, fully equipped fitness centre, party room, media lounge and billiards area. And the location? Exceptional. Step outside to enjoy nearby parks, boutique shopping, restaurants and everyday conveniences, with the subway less than 10 minutes away and easy access to major highways. Experience the energy of downtown Toronto with the city's best offerings right at your fingertips.An exceptional opportunity to own a beautifully appointed urban sanctuary in the heart of downtown Toronto. (id:66096)

Property Details

MLS®: C14081846
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 1
Interior Size: 1,500 ft²
Storeys: 2
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Pool: Yes
Condo Fee: $1,341/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking

Rooms

Main level

Living room: 6.63 x 4.1 meters
Dining room: 5.81 x 3.16 meters
Kitchen: 3.81 x 3.08 meters

Second level

Primary Bedroom: 4.3 x 4.09 meters
Bedroom: 3.5 x 2.92 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Wine Fridge, Oven, Dryer, Alarm System, Cooktop, Window Coverings
Flooring: Hardwood
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

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

57d

Price / ft²

$884

List price

$1.32M

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 22 days, which is 35 days fresher than the city average of 57. Act while there is still low competition.

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Listed by CHESTNUT PARK REAL ESTATE LIMITED · SUSAN R. BANDLER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $1,325,000, about 21.2× the local median household income of $62,400.

Carrying it typically needs a household income of about $258,819 (20% down, 25-yr amortization, stress-tested) — roughly 315% 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)

$1,325,000· $884/ft²

For sale

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Full Cost Breakdown

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Down Payment8.11% · $107,500

Min 8.11%50%

Mortgage payment$6,750/mo

↳ CMHC premium ($48,700 capitalized)

Property tax (est.)$544/mo

Condo fee$1,341/mo

Total monthly$8,635

Cash Needed to Close

Down payment (8.11%)$107,500

Land transfer tax$45,950

Est. closing costs$6,475

Total cash needed$159,925

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