40 Homewood Ave Ph 02
FOR SALE
$559,000
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BEDROOMS1
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KITCHENS6
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Property Description
I can see for miles and miles! Downtown living in a cottage like setting with spectacular unobstructed views of lake Ontario from every window, a rustic natural wood floor, and a fresh cross breeze. Large 2 bedroom corner penthouse unit on the 32nd floor facing east / south, showing all the city has to offer, including the CN tower. Beautiful space, room to put your own touches on it; sold "as is". Huge balcony, huge closets, lovely spacious grounds, low maintenance fees including utilities and Bell Fibe wifi, excellent water pressure. Quiet, vacant. Situated on a quiet residential street, just off the beaten track.Centrally located downtown, it's a quick walk to Maple Leaf Gardens Loblaws, Cabbagetown, The Village, Allan Gardens dog park, TMU, shops, restaurants, and TTC in every direction. Underground parking available through the office. New guest suite for $150 per night. Bike rooms and locker available through the management office. Can rent parking spot from Management. Undergoing renovations: Plumbing is being upgraded, hence exposed ceiling pipes in the hall. Hallways are undergoing a total refurbishment expected to be completed around April. Looks messy now, but will be beautiful upon completion, designed to match recently renovated lobby. Refurbishment details available. Some items may be included in the sale. Truly a million dollar view. Must-see!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-05-31 | 2021-06-11 | 11 | $599,000 | $600,000 | Sold |
Extras
Maintenance Fees Include All Utilities. Amenities Includes; 50m year-round indoor pool, sauna, full gym, patio with BBQ's. 24HR security concierge, plenty of visitor parking, guest suite, party room with billiards table, library.
Nearby Intersections
Jarvis & Carlton (100)
Property Features
Hospital, Library, Park, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$2,453 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Radiant
Heat Source
Electric
Hydro Included
Yes
Air Conditioning
Window Unit
Parking 1
Rental
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 10.17' x 18.70' | W/O To Balcony, Parquet Floor, South View |
| Kitchen | Ground | 7.22' x 10.83' | Marble Floor |
| Other | Ground | 6.00' x 16.73' | South View, East View, Concrete Floor |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
40 Homewood Ave Ph 02 is a 2-bedroom 1-bathroom condo listed for sale at $559,000, which is $207,074 (27.0%) lower than the average sold price of $766,074 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $7,530 (1.0%) compared to the previous 30 day period (September 21 - October 20) and down $40,072 (5.0%) from the same time one year ago.Inventory Change
There were 1,204 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 12.5% compared with the previous 30 day period (September 21 - October 20) and up 7.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($20,452) (2.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $2,119 decrease compared to the previous 30 day period (September 21 - October 20) and ($21,092) 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 2-bedroom condos in Downtown Toronto over the last 30 days (October 21 - November 19) stood at 47.6%, up from 33.4% over the previous 30 days (September 21 - October 20) and up from 34.7% 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 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Advantage Realty
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