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For Sale

40 Homewood Avenue 2201 #2201

Cabbagetown-South St. James Town, Toronto, ON
$522,000
2+1Bd
1Ba
750+sqft
0Parking
$696/sqft
CondoMLS# C12898076Listed 2026-03-1993 DOM

On the market for 93 days — longer than average. The seller may be open to negotiation.

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.

Rooms

Other
Kitchen7.00 × 5.30 m
Bedroom4.80 × 3.50 m
Bedroom 24.06 × 3.04 m
Den2.80 × 2.22 m

Features

  • None
  • Multi-Level

Financials

Annual Taxes
$2,511

Estimated Rental Income

Entire property$2,600 – $3,500/mo
Rental yield6.0% – 8.0%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Toronto

Days on market93 days
Buyer's MarketSeller's Market

Based on active listings in Toronto. Data updates daily.

Demographics — Toronto

Population
2,794,356
Avg Household Income
$102,000
Age Distribution
0-19
19%
20-34
24%
35-49
21%
50-64
19%
65+
17%
Ownership
53% own · 47% rent
EnglishMandarinCantoneseTagalogTamil

Our estimate for this home

Priced 10.4% below estimate
Estimated range
$539K$626K
Mid-point $582K · ~$776/sqft
How this listing compares
$539KList · $522K$626K
Medium confidence·Based on 27 cabbagetown-south st. james town comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$522,000
40 Homewood Avenue 2201, Toronto
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