$389,000

For sale

#807 40 Homewood Avenue, Toronto (Cabbagetown-South St. James Town) - Single Family for Sale

#807 40 Homewood Avenue, Toronto (Cabbagetown-South St. James Town), Ontario, M4Y2K2

1 bed1 bath1 parking550 ft²$589/mo condo feeListed 9 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $389,000, it is attractively priced about 35% below the $598,888 median asking price in Toronto. It has been on the market 9 days, fresher than the Toronto average of 56 days.

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Description

Large, bright full size 1 bedroom condo with generous living and dining space and 18ft west facing balcony. Full size kitchen with lots of cupboards and storage. Full, large 4 piece bathroom. Condo has many large closets for storage. Large 12.3 x 8.9 ft bedroom with a double closets and floor to ceiling windows. Separate, owned locker for extra storage is included. One underground parking also included if desired. Condo includes ALL utilities - Heat, Hydro, Water, Bell Fibe Internet & Crave TV! 40 Homewood Ave. is a sought after building for location, value and community. A real community loved by its residence - just ask them. Close to all amenities, TTC, Subway, shops, groceries, parks etc... This is the one. Floor plans attached. (id:66096)

Property Details

MLS®: C14117220
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 550 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Wall unit
Garage: Garage, Underground
Pool: Yes
Condo Fee: $589/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,028.5/yr
Listed: 9 days ago

Rooms

Main level

Living room: 4 x 4.2 meters
Dining room: 4 x 4.2 meters
Kitchen: 2.9 x 1.6 meters
Foyer: 2.4 x 1 meters
Bedroom: 3.7 x 2.7 meters

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

Features

Flooring: Hardwood
Exterior: Brick
Lot Features: Elevator, Balcony, 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

56d

Price / ft²

$708

List price

$389K

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 1-bed single family in Toronto (Cabbagetown-South St. James Town) has been listed for 9 days, which is 47 days fresher than the city average of 56. Act while there is still low competition.

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Listed by KELLER WILLIAMS ADVANTAGE REALTY · LEO AGOSTO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4Y)

This home lists at $389,000, about 6.2× the local median household income of $62,400.

Carrying it typically needs a household income of about $75,985 (20% down, 25-yr amortization, stress-tested) — roughly 22% 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)

$389,000· $708/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,450

Min 5%50%

Mortgage payment$2,049/mo

↳ CMHC premium ($14,782 capitalized)

Property tax (est.)$169/mo

Condo fee$589/mo

Total monthly$2,807

Cash Needed to Close

Down payment (5%)$19,450

Land transfer tax$8,620

Est. closing costs$3,667

Total cash needed$31,737

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