New
30
$519,000
+$764/mo fees40 Homewood Avenue 316, Toronto, ON M4Y 2K2
Cabbagetown-South St. James Town · C08
2 bd
1 ba
600 sf
1
5 days on marketMLS® C14135684
Listing courtesy of PROPERTY.CA INC.
1 / 2
For saleMLS® C12898076
40 Homewood Avenue 2201, Toronto, ON M4Y 2K2
Cabbagetown-South St. James Town · C08 · M4Y 2K2
$489,000
+ $889/mo maintenance$699 / sq ft7 months on market
- Bedrooms
- 2+1
- Bathrooms
- 1
- Interior
- 700 sf
What's special
- Underground parking
- Balcony
- South west exposure
- Heat, Water, Common elements included
About this property
Welcome to this thoughtfully designed condo offering a bright, spacious, and open-concept layout - perfect for modern city living. Excellent value for both end users and investors alike. The generously sized bedroom features ample closet space and windows to fill the room with natural light. Step outside to your east-facing balcony is ideal for summer. Situated between Cabbage town and The Village, this prime location offers the perfect blend of character, convenience, and commuting. The location is ideal for a strong sense of belonging, with regular social events, a welcoming mix of residents of all ages, and an inclusive, friendly atmosphere that's hard to find in the heart of downtown. You'll also enjoy very low maintenance fees that cover everything - including heat, hydro, water. Just minutes from the Downtown Core, TMU, U of T, The Village, and a variety of top-rated restaurants, cafes, and shops, with easy access to the DVP and Gardiner Expressway. This condo offers the best of downtown living - a vibrant community, full-service amenities, and unbeatable value - all in one exceptional package.
Rooms
4 rooms. Dimensions as published by the listing brokerage.
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Kitchen | Flat | 7.00 × 5.30 m23.0 × 17.4 ft | Combined w/Dining · Sliding Doors · Hardwood Floor |
| Bedroom | Flat | 4.80 × 3.50 m15.7 × 11.5 ft | Closet · Window · Hardwood Floor |
| Bedroom 2 | Flat | 4.06 × 3.04 m13.3 × 10.0 ft | Closet · Window · Hardwood Floor |
| Den | Flat | 2.80 × 2.22 m9.2 × 7.3 ft | Window · Hardwood Floor |
Features
- None
Property details
Property
- Property type
- condo apartment
- Bedrooms
- 2 + 1
- Bathrooms
- 1
- Interior size
- 700 sq ft
- Possession
- Flexible
Interior
- Heating
- Radiant · Other
- Exposure
- South West
- Balcony
- Open
Exterior & services
- Construction
- Brick
- Garage
- Underground
Condominium
- Corporation
- 75 YCC
- Property manager
- ICC Property Management
- Pets
- No
- Fee includes
- Heat Included, Water Included, Common Elements Included, Hydro Included
Costs
- List price
- $489,000
- Property taxes
- $2,511 / year (2025)
- Maintenance fee
- $889 / month
- Price per sq ft
- $699
Listing
- MLS® number
- C12898076
- Status
- For sale
- Listed
- March 19, 2026
- Days on market
- 231
- Last updated
- September 13, 2026
- Listing brokerage
- RIGHT AT HOME REALTY
Price & sale history
This property's sale history is hidden
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced in line with comparable listings — about 32% of comparable condo apartment listings in Cabbagetown-South St. James Town are asking less.
$431KMedian $548K$720K
- This home
- $699 / sq ft
- Comparable median
- $865 / sq ft
Based on 19 comparable active condo apartment listings in Cabbagetown-South St. James Town. These are asking prices, not sale prices.
Mortgage estimate
Down payment5.0% · minimum $24,450
Interest rate5-year fixed, illustrative only
Amortization
- Principal & interest
- $2,568.58
- Property tax (est.)
- $209.25
- Maintenance fee
- $889.47
- Estimated monthly
- $3,667
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $6,255
- Toronto municipal
- $6,255
- Total due on closing
- $12,510
An estimate on the asking price of $489,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of RIGHT AT HOME REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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