120 Homewood Ave 623
North St. James Town, Downtown Toronto, M4Y 2J3
FOR SALE
$1,295,000
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Property Description
Welcome to one of the most distinctive condos in The Verve. This stunning 2-bedroom, 2+1 bathroom penthouse loft at 623-120 Homewood Ave offers approximately 1,340 sq/ft of living space across two levels, with nearly $150K invested in premium upgrades. The main level features an open-concept living and dining area with high-end chevron hardwood flooring. The eat-in chefs kitchen boasts quartz countertops, stainless steel appliances, an induction range-top, an oven, a microwave/oven combo, ample pantry space, and under-cabinet lighting. Walk out to a private terrace nearly 30 feet wide featuring upgraded black Trex composite decking, a gas BBQ hookup, and a water bib, all with serene park views. You'll be wowed by the dramatic two-story living space and the striking steel staircase with glass railings leading to the second floor. Upstairs, the second level impresses with polished concrete floors and a mezzanine-style primary suite. This retreat includes a spacious walk-in closet and a spa-like ensuite with a large walk-in shower and designer vanities. A bonus closet room and a laundry room add to the convenience. The second bedroom also features its own walk-in closet and full bathroom. This remarkable home includes a premium parking spot on P1 near the elevator, equipped with a bike parking rack, plus a private storage locker. Beautifully appointed throughout, the sumptuous penthouse suite features thoughtful details like motorized Somfy blinds and designer lighting. The loft is fitted with the finest finishes and offers dual climate control with smart Ecobee thermostats for year-round comfort. Experience exceptional amenities at The Verve: a 24-hour gym, a 24-hour grocery store, a pharmacy, and a cozy coffee shop all within the building. The rooftop pool with private cabanas offers a perfect retreat. With its LEED-certified design and prime location in the Church-Wellesley neighbourhood, The Verve blends luxury, style, and convenience.
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Extras
Don't miss the chance to own this exceptional property. Watch the 4K Video Tour! *Some of the photos have been virtually staged.
Nearby Intersections
Jarvis & Wellesley (23)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$5,150 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (A-7)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 19.26' x 19.26' | Hardwood Floor, 2 Pc Bath, Window Flr to Ceil |
| Dining | Main | 10.24' x 11.25' | Hardwood Floor, W/O To Balcony, East View |
| Kitchen | Main | 8.76' x 12.07' | Hardwood Floor, Eat-In Kitchen, Quartz Counter |
| Prim Bdrm | 2nd | 15.42' x 10.24' | Concrete Floor, W/I Closet, 5 Pc Ensuite |
| 2nd Br | 2nd | 9.32' x 17.75' | Concrete Floor, W/I Closet, 5 Pc Bath |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
120 Homewood Ave 623 is a 2-bedroom 3-bathroom condo listed for sale at $1,295,000, which is $522,032 (67.5%) higher than the average sold price of $772,968 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $14,819 (1.9%) compared to the previous 30 day period (July 20 - August 18) and down $18,011 (2.3%) from the same time one year ago.Inventory Change
There were 1,343 2-bedroom condos listed in Downtown Toronto over the last 30 days (August 19 - September 17), which is up 19.8% compared with the previous 30 day period (July 20 - August 18) and up 5.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($16,777) (2.2%) below asking price over the last 30 days (August 19 - September 17), which represents a $4,507 increase compared to the previous 30 day period (July 20 - August 18) and ($10,656) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Downtown Toronto over the last 30 days (August 19 - September 17) stood at 32.7%, down from 38.8% over the previous 30 days (July 20 - August 18) and up from 32.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (August 19 - September 17), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Real Estate Services Ltd.
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