40 Homewood Ave 1506
FOR SALE
$549,998
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Property Description
Experience modern urban living in this fully renovated one-bedroom condo, boasting a generous 573sq. ft. layout & an abundance of natural light. Located in a highly sought-after neighbourhood, this condo is completely updated and includes a king-sized bedroom, as well as a large east-facing balcony perfect for relaxation and entertainment. The large custom double-sliding French doors allow you to bring the outside in, making the most of the ample space and east-facing perspective. Ideally situated steps from TTC, parks, The Village, shops, and TMU, this condo offers both a vibrant urban lifestyle and a tranquil retreat from city hustle. Walking distance to parks and plenty of outdoor space on the property in the lush, well-maintained gardens.This move-in-ready condo is perfect for professionals or couples looking for a blend of luxury, comfort, and convenience in the heart of the city. Don't miss the opportunity to own this exquisite home in a well-managed, well-established building.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-05-13 | 2021-06-10 | 28 | $549,000 | $540,000 | Sold |
Extras
All-Inclusive Maintenance: Enjoy hassle-free living with utilities including heat, hydro, water,building insurance, cable and air conditioning covered in the condo fees. Note Laundry is NOT ensuite.
Nearby Intersections
Jarvis & Carlton (75)
Property Features
Clear View, Park, Place Of Worship, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$1,792 (2023)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Radiant
Heat Source
Electric
Hydro Included
Yes
Air Conditioning
Central Air
Parking 1
Rental ($100 Rental)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.44' x 12.14' | W/O To Balcony, Open Concept, Laminate |
| Dining | Main | 14.44' x 12.14' | Combined W/Kitchen, Laminate, Open Concept |
| Prim Bdrm | Main | 14.76' x 10.50' | Laminate, Large Closet, Window Flr To Ceil |
| Other | Main | 14.90' x 6.00' | Balcony, East View, 3 Pc Ensuite |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
40 Homewood Ave 1506 is a 1-bedroom 1-bathroom condo listed for sale at $549,998, which is $50,208 (8.4%) lower than the average sold price of $600,206 in the last 30 days (April 2 - May 1). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $2,808 (0.5%) compared to the previous 30 day period (March 3 - April 1) and down $28,792 (4.6%) from the same time one year ago.Inventory Change
There were 1,838 1-bedroom condos listed in Downtown Toronto over the last 30 days (April 2 - May 1), which is up 37.8% compared with the previous 30 day period (March 3 - April 1) and up 69.4% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($8,401) (1.4%) below asking price over the last 30 days (April 2 - May 1), which represents a $2,593 increase compared to the previous 30 day period (March 3 - April 1) and ($2,771) 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 (April 2 - May 1) stood at 37.7%, down from 46.0% over the previous 30 days (March 3 - April 1) and down from 73.5% 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 27 days when successfully sold over the last 30 days (April 2 - May 1), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with The Agency
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