40 Homewood Ave 1401
FOR SALE
$549,000
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BEDROOMS1
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Property Description
Amazing Downtown Location! Fully Renovated Spacious 2 Bedroom Corner Unit. Large 16' X 5.5' Balcony. Live In The 'Heart' Of Toronto. Amenities Include Visitor Parking, Indoor Pool, Brand new exercise Rms for different activities, Party Rm.with professional chefs kitchen, Bbq patio, Library, 24Hrs Security/Concierge. Building Is Well Maintained. Central Location Only Minutes To Trendy Restaurants, Parks, Ryerson(MTO) University, Shopping, And Public Transit. !! MAINTENANCE FEE INCLUDES ALL OF THE UTILITIES !!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-15 | 2024-04-12 | 88 | $639,000 | - | Expired |
| 2023-10-17 | 2023-10-23 | 7 | $559,000 | $580,000 | Sold |
Extras
S/S Fridge, Stove, Dishwasher, microwave, Brand-new cabinets and appliances In The Kitchen, Quartz Counter Top. Rental Parking most of the time available in the building.
Nearby Intersections
Jarvis & Carlton (75)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$2,219 (2023)
Basement
None
Exterior
Brick, Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
40 Homewood Ave 1401 is a 2-bedroom 1-bathroom condo listed for sale at $549,000, which is $263,237 (32.4%) lower than the average sold price of $812,237 in the last 30 days (April 1 - April 30). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $17,981 (2.3%) compared to the previous 30 day period (March 2 - March 31) and up $2,082 (0.3%) from the same time one year ago.Inventory Change
There were 1,582 2-bedroom condos listed in Downtown Toronto over the last 30 days (April 1 - April 30), which is up 38.2% compared with the previous 30 day period (March 2 - March 31) and up 49.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($11,708) (1.4%) below asking price over the last 30 days (April 1 - April 30), which represents a $397 decrease compared to the previous 30 day period (March 2 - March 31) and ($7,043) 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 (April 1 - April 30) stood at 45.2%, down from 48.6% over the previous 30 days (March 2 - March 31) and down from 62.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Downtown Toronto stood at 25 days when successfully sold over the last 30 days (April 1 - April 30), compared to 48 days before being removed from the market upon being suspended or terminated.Listing contracted with International Realty Firm, Inc.
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