1103 - 40 Homewood Avenue

Introducing a remarkable opportunity to acquire an apartment for sale in Toronto , specifically at the prestigious address of 40 Homewood Avenue, Toronto. This spacious one-bedroom condo is a rare find in the heart of downtown Toronto, offering immediate possession at a competitive price. Nestled in the vibrant community of Cabbagetown-South St. James Town, this property is perfectly situated close to a plethora of conveniences, including a 24-hour grocery store, a variety of restaurants, and excellent public transport options via the TTC. Residents will also appreciate the proximity to parks, arts and entertainment venues, as well as educational institutions such as schools and universities. Furthermore, it is just a short stroll to the Financial District, Yorkville, Church-Wellesley, the Mattamy Centre, Eaton Centre, and much more.

This apartment for sale in Toronto boasts a bright and spacious layout, featuring a fully renovated kitchen and an updated bathroom. The walls throughout the unit have been sanded and freshly painted, making it truly ready for immediate occupancy. The open-concept design seamlessly integrates the living and dining areas, creating an inviting space ideal for entertaining guests. Parquet flooring runs throughout the apartment, enhancing its charm and appeal. Large, west-facing wall-to-wall windows flood the space with natural light, while the oversized private balcony, accessible through newer sliding patio doors, provides an excellent outdoor retreat. The bedroom window has also been recently updated, ensuring a modern touch to this delightful home.

In addition to its impressive interior features, the building at 40 Homewood Avenue, Toronto, is currently undergoing a significant refurbishment of its common areas. This hotel-like transformation includes new carpeting and painting in the hallways, along with upgrades to the unit doors, all scheduled for completion by April 2025. The building's amenities have been previously updated and are a must-see for potential buyers. They include a well-equipped gym, an indoor pool, change rooms with a sauna, a party and billiards room, a library, a meeting room or workspace, and a laundry room. For added convenience, there is also visitor parking available, as well as overnight visitor parking, subject to availability.

It is important to note that this apartment for sale in Toronto does not include a den, and there is no central vacuum system present. The unit is unfurnished, allowing new owners the freedom to personalise the space to their taste. Additionally, the heating is provided through a radiant system, while the air conditioning is managed by wall units, ensuring comfort throughout the seasons. There is one garage space available in the underground parking facility, along with an additional parking space, providing ample room for residents and guests alike.

As you consider this apartment for sale in Toronto, you will find that the location and features combine to create an exceptional living experience. The vibrant community of Cabbagetown-South St. James Town offers a unique blend of urban convenience and local charm, making it an ideal choice for professionals, students, or anyone seeking a dynamic lifestyle in the city.

In summary, the spacious one-bedroom condo at 40 Homewood Avenue, Toronto, presents an outstanding opportunity for those in search of an apartment for sale in Toronto. With its modern renovations, bright living spaces, and extensive building amenities, this property is not to be missed. Don't hesitate to explore this exceptional offering and envision the possibilities that await you in this delightful home.

Cabbagetown-South St. James Town is a vibrant and diverse neighbourhood nestled in the heart of Toronto, renowned for its rich history and charming architecture. This area boasts a unique blend of Victorian homes and modern developments, creating a distinctive urban landscape. The streets are lined with lush gardens and community parks, offering a serene escape from the bustling city life. Residents enjoy easy access to a variety of local amenities, including quaint cafes, eclectic shops, and cultural attractions. With its strong sense of community spirit and proximity to downtown, Cabbagetown-South St. James Town presents an inviting environment for those seeking a lively yet welcoming place to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an excellent choice for families. Within a short distance, you will find Church Street Junior Public School (0.3 km) and Our Lady of Lourdes Catholic School (0.2 km), both offering elementary education with solid ratings of 6 and 6.7, respectively. Winchester Junior and Senior Public School is also nearby (0.4 km) but currently holds a rating of 0, indicating potential areas for improvement. For older students, Jarvis Collegiate Institute (0.3 km) provides education for grades 9 to 12 with a rating of 3.8, while St. Joseph's College School (1.1 km) offers a strong Catholic education for high school students, boasting a rating of 7.2. Additionally, there are other options such as Lord Lansdowne Junior Public School (2.2 km) and Holy Name Catholic School (2.7 km), which cater to younger students in both English and French. Overall, the proximity to a variety of schools, both public and Catholic, ensures that families have access to quality education options within a short distance from the property.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 3,194 residents, with an average household size of 1.6 individuals. The community has a median age of 46.1 years and an average household income of $98,100, indicating a relatively affluent demographic. Approximately 10.6% of the population is classified as low-income, while 54.44% of residents are single. Families with children make up 16.67% of households, reflecting a modest presence of family units in the area. Notably, 34.8% of the population are immigrants, contributing to the area's diversity. The rental market is significant, with 42.43% of residents renting their homes, and condos are prevalent, comprising 74.69% of the housing stock. The average property price in the area is $652,000, which aligns with the overall income levels. Additionally, a high percentage of residents, 79.64%, have attained a college or university education, indicating a well-educated population. However, it is worth noting that 26.66% of the population is not in the labor force, which may influence local economic dynamics. Overall, the area presents a blend of diversity, education, and economic stability.