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    Toronto / Downtown / Cabbagetown

    2803 - 40 Homewood Ave

    For Sale40 Homewood Avenue Condos
    $465,000
    1 Bed
    1 Bath
    0 Parking
    500 - 599 SQFT
    1 Day on Strata
    Est Sell Timeframe
    15 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $578/mth
    Taxes:
    $1,913 (2024)
    Cost Per Sqft:
    $776 - $930/sqft
    Locker:
    Exclusive
    Outdoor Space:
    Balcony
    Exposure:
    West
    Possession Date:
    November 18, 2024
    Laundry:
    Shared
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Air Conditioning

    Utility Type

    Air Conditioning
    Window Unit
    Heat Source
    Electric
    Heating
    Radiant

    Room Dimensions

    Living
    Combined with Dining, Laminate, Walkout To Balcony
    14.76 x 12.3ft
    Dining
    Combined with Living, Laminate
    14.76 x 12.3ft
    Kitchen
    Renovated, Quartz Counter, Stainless Steel Appliances
    6.73 x 8.53ft

    About this Listing

    Spacious, bright, incredible view and location, low price! Minutes away from TMU (formerly Ryerson), U of T, Eaton Centre, IKEA & flagship Loblaws store, TTC streetcar & College subway. Open concept kitchen-dining-living with a large balcony, new laminate flooring throughout, tastefully renovated kitchen features IKEA cabinets, quartz countertops, S/S appliances & showstopping backsplash of imported Mexican Talavera tiles. Recently updated bathroom with classic subway tiles & on-trend patterned porcelain floor tiles. Bedroom is large enough for a King size bed and has great closet space. This is a colourful, happy unit in a friendly building. Exclusive locker included, underground parking available (rental at $100 per month). Concierge, indoor saltwater pool, gym, sauna, plenty of visitor parking & lush garden. Maintenance fees include all utilities & cable/internet! This is the perfect first time buyer, downsizer unit, or pied-a-terre in the city.

    ExtrasGreat amenities: 24/7 concierge, exercise room, indoor saltwater pool, sauna, guest suites, BBQ patio, library, bike storage, electric charging station. Hallway is currently under renovation

    royal lepage terrequity realtyMLS® #C10407907

    Amenities

    Concierge
    Party Room
    Rec Room
    Security System
    Sauna
    Bike Storage

    Explore Neighbourhood

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,212
    Average Individual Income
    $67,505
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $115,353
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    18%
    50 - 64
    23%
    65+
    21%
    Household Income
    $0 - $30,000
    48%
    $30,000+
    23%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    41%
    Semi Detached
    28%
    High Rise Apartment
    15%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    73%
    Mandarin
    12%
    Cantonese
    9%
    Tagalog
    2%
    French
    1%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    34%
    High School
    26%
    College
    16%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    40 Homewood Avenue Condos vs The Cabbagetown Area

    Building Trends At 40 Homewood Avenue Condos

    Days on Strata

    Units at 40 Homewood Avenue Condos spend an average of
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Cabbagetown

    Turnover of Units

    On average, each unit is owned for
    22
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    7th
    Highest price per SQFT out of 34 condos in the Cabbagetown area

    Sold Units

    20
    Units were Sold over the past twelve months

    Rented Units

    11
    Units were Rented over the past twelve months

    Best Value Rank

    40 Homewood Avenue Condos offers the
    ?
    best value out of 34 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    40 Homewood Avenue Condos has the
    ?
    highest ROI out of 34 condos in the Cabbagetown neighbourhood

    Rental Yield

    40 Homewood Avenue Condos yields the
    ?
    highest rent prices out of 34 condos in the Cabbagetown neighbourhood

    High Demand

    40 Homewood Avenue Condos is the
    ?
    most popular building out of 34 condos in the Cabbagetown neighbourhood

    Transaction Insights at 40 Homewood Avenue

    Studio1 Bed1 Bed + Den2 Bed
    Price Range$350,000 - $434,900$415,000 - $525,000No Data$510,000 - $615,000
    Avg. Cost Per Sqft$1,059$846No Data$719
    Avg. Wait for Unit Availability75 Days27 DaysNo Data66 Days
    Ratio of Units in Building19%57%1%25%

    Transactions vs Inventory

    Total number of units listed and sold in Cabbagetown