40 Homewood Ave 2803
FOR SALE
$458,000
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BEDROOMS1
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Property Description
Priced to sell! Spacious, bright, incredible view and location. 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 colorful, 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.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-05 | 2024-12-02 | 27 | $465,000 | - | Terminated |
Extras
Great 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
Nearby Intersections
Jarvis & Carlton (93)
Property Features
Hospital, Library, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$1,913 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Radiant
Heat Source
Electric
Hydro Included
Yes
Air Conditioning
Window Unit
Elevator
Yes
Parking Spaces
1
Parking 1
Rental
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 12.30' x 14.76' | Combined W/Dining, Laminate, W/O To Balcony |
| Dining | Flat | 12.30' x 14.76' | Combined W/Living, Laminate |
| Kitchen | Flat | 8.53' x 6.73' | Renovated, Quartz Counter, Stainless Steel Appl |
| Br | Flat | 10.50' x 13.98' | Large Closet, Laminate, Window |
| Other | Flat | 6.30' x 13.98' | Balcony, West View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
40 Homewood Ave 2803 is a 1-bedroom 1-bathroom condo listed for sale at $458,000, which is $104,863 (18.6%) lower than the average sold price of $562,863 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $6,430 (1.1%) compared to the previous 30 day period (October 18 - November 16) and down $22,163 (3.8%) from the same time one year ago.Inventory Change
There were 886 1-bedroom condos listed in Downtown Toronto over the last 30 days (November 17 - December 16), which is down 31.7% compared with the previous 30 day period (October 18 - November 16) and up 19.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($12,552) (2.2%) below asking price over the last 30 days (November 17 - December 16), which represents a $1,650 decrease compared to the previous 30 day period (October 18 - November 16) and ($14,925) more 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 1-bedroom condos in Downtown Toronto over the last 30 days (November 17 - December 16) stood at 51.2%, up from 47.2% over the previous 30 days (October 18 - November 16) and down from 54.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (November 17 - December 16), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Terrequity Realty
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