$489,000
↓ $61,000 from $550,000
Est. payment $2,165/moCalculate yours
40 Homewood Avenue 2201, Toronto, ON M4Y 2K2
Cabbagetown-South St. James Town, Toronto, ON M4Y 2K2
- 2 + 1 Beds
- 1 Baths
- 700 Sq Ft
Listing courtesy of RIGHT AT HOME REALTY MLS® C12898076
About this home
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.
Property details
Overview
- Property Type
- Condo Apartment
- Style
- Multi-Level
- For
- For Sale
- Status
- Price Change
- Size
- 700 sqft
Interior
- Bedrooms
- 2 + 1
- Bathrooms
- 1
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Radiant (Other)
- Cooling
- None
- Exterior
- Brick
Lot & Parking
- Parking
- Underground garage
Financial
- Property Taxes
- $2,511 (2025)
- Condo Fee
- $889/mo
- Fee Includes
- Heat Included, Water Included, Common Elements Included, Hydro Included
- Pets
- No
Location
- Neighbourhood
- Cabbagetown-South St. James Town
- Cross Street
- Jarvis/ Carlton
Listing
- MLS® Number
- C12898076
- Days on Market
- 214
- Listed On
- 2026-03-18
- Possession
- Flexible
- Listed By
- RIGHT AT HOME REALTY
Rooms
Features
Interior
- None
Mortgage calculator
Estimated mortgage payment
$2,165 per month
- Principal and interest
- $2,165
- Property tax
- $209
- Condo fees
- $889
- Estimated monthly cost
- $3,264
Your mortgage
- Mortgage amount
- $391,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $258,356
Cash to close
- Down payment
- $97,800
- Land transfer tax (Ontario + Toronto)
- $12,510
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $110,310
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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