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New4 hours ago

2216 - 40 Homewood Avenue

Cabbagetown-South St. James Town, Toronto

$539,000

Condo Apartment |
2 | 1 | 1 | 1
About this home

Welcome to Unit 2216 at 40 Homewood Ave - a beautifully renovated corner 2-bedroom suite in a vibrant downtown Toronto community. This bright and stylish residence has been thoughtfully updated throughout, featuring new engineered oak hardwood flooring in a striking herringbone pattern, a brand-new kitchen with new appliances, and a fully renovated bathroom complete with a new tub, vanity, toilet, and floor tile. Enjoy the convenience of maintenance fees that include high-speed internet, cable TV, and all utilities. Best of all, take in breathtaking southeast-facing city views stretching all the way to the lake. A move-in-ready opportunity in the heart of Toronto!

Extras

No extras listed.

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Open houses

  • Sat, Sep 5

    3:00 PM – 5:00 PM

  • Sun, Sep 6

    3:00 PM – 5:00 PM

Or pick a time that works for you.

Got questions?

Contact Jonathan directly.

agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$764
LockerExclusive
BalconyOpen
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$1,654
mls© NumberC13730526
Listed ByKELLER WILLIAMS ADVANTAGE REALTY
Heat Included
Cable TV Included
Hydro Included
Common Elements Included
Water Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,759
Property tax
$138
Heat allowance
$150
Condo fees, half counted
$382
Housing costs
$3,429 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $107,800
25-yr amortization

Income needed

$105,000

gross annual household income

Payment at 4%
$2,268 / mo
Cash down
$107,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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Comparable sales

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