40 Homewood Ave 2812
FOR SALE
$460,000
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Property Description
Don't miss this bright and spacious 1 bedroom condo suite in the heart of downtown Toronto! This sunny unit with floor to ceiling windows offers a fully functional open concept layout, offering the ideal space for creating your own perfect abode. The charming kitchen comes with a breakfast bar, and the large combined living/dining area opens to a massive balcony with east breathtaking city views, perfect for your morning coffee. The full size bedroom with oversized windows comes with a large closet with built-in shelving. The unit comes complete with a locker for extra storage space. Located in the vibrant and trendy Cabbage town community, close to the Eaton Centre, Distillery District, the scenic St. Lawrence Market, top universities, restaurants, groceries, cafes, & more! Just steps to the TTC & minutes to the Gardiner and DVP. Top walk & bike scores** Great, well managed building - a wonderful opportunity for first time buyers to get into the market!
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Extras
Maintenance Fees Include all utilities: Heat, Hydro, Water, Cable & Internet!! Building offers fabulous amenities including: 24/7 concierge, gym, huge indoor pool, BBQ patio, sauna, library,bike storage. 2 electric charging stations*
Nearby Intersections
Jarvis & Carlton (94)
Property Features
Clear View, Hospital, Library, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$3,904 (2024)
Basement
None
Exterior
Brick, Concrete
Heat Included
Yes
Heat Type
Radiant
Heat Source
Electric
Hydro Included
Yes
Air Conditioning
Window Unit
Parking Spaces
1
Parking 1
Rental (Rental)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 3.94' x 6.73' | Tile Floor, Closet |
| Living | Main | 12.30' x 8.37' | Combined W/Dining, W/O To Balcony, Parquet Floor |
| Dining | Main | 12.30' x 14.93' | Combined W/Living, Parquet Floor |
| Kitchen | Main | 6.73' x 8.53' | Open Concept, Breakfast Bar, Ceramic Floor |
| Prim Bdrm | Main | 10.50' x 14.11' | Mirrored Closet, Parquet Floor |
| Other | Main | 6.30' x 14.93' | East View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
40 Homewood Ave 2812 is a 1-bedroom 1-bathroom condo listed for sale at $460,000, which is $106,077 (18.7%) lower than the average sold price of $566,077 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $8,316 (1.4%) compared to the previous 30 day period (July 20 - August 18) and down $49,628 (8.1%) from the same time one year ago.Inventory Change
There were 1,451 1-bedroom condos listed in Downtown Toronto over the last 30 days (August 19 - September 17), which is up 9.7% compared with the previous 30 day period (July 20 - August 18) and up 11.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,285) (1.6%) below asking price over the last 30 days (August 19 - September 17), which represents a $81 decrease compared to the previous 30 day period (July 20 - August 18) and ($7,356) 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 1-bedroom condos in Downtown Toronto over the last 30 days (August 19 - September 17) stood at 35.1%, down from 35.4% over the previous 30 days (July 20 - August 18) and down from 36.8% 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 34 days when successfully sold over the last 30 days (August 19 - September 17), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group-Admiral Realty Inc.
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