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    2808 - 40 Homewood Ave

    For Rent40 Homewood Avenue Condos
    $2,350/mth
    Price Cut: $2,450
    1 Bed
    1 Bath
    0 Parking
    500 SQFT
    35 Days on Strata
    Est Lease Timeframe
    9 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Utilities Included:
    Yes
    Outdoor Space:
    Terrace
    Furnished:
    No
    Exposure:
    East
    Locker:
    None
    Possession Date:
    Immediately
    Lease Term:
    1 Year
    Laundry:
    Shared
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Hydro
    Heat
    Air Conditioning
    Water
    Excluded
    None

    Utility Type

    Air Conditioning
    Wall Unit
    Heat Source
    Electric
    Heating
    Radiant

    Room Dimensions

    Room dimensions are not available for this listing.

    About this Listing

    Save over $300 a month with our all-inclusive utilities and services package (Hydro, Heating/AC, Water, Bell Fibe TV and high-speed internet)! Embrace this extraordinary blend of luxury and comfort in a prime, walkable location! Uncover the pinnacle of urban living in the heart of Toronto! This stunning 1-bedroom, 1-bathroom condo is perfectly situated near Cabbagetown and The Village, just steps away from Toronto Metropolitan University and Eaton Centre. Immerse yourself in a vibrant lifestyle filled with top-notch cafes, restaurants, and a welcoming community atmosphere. Soaring on the 28th floor, this ~500 sq. ft. gem boasts an expansive 200+ sq. ft. terrace with awe-inspiring views of The Don Valley and Lake Ontario. Indulge in luxury with a custom-designed kitchen equipped with state-of-the-art LG stainless steel appliances featuring ThinkQ technology, blending sleek design with smart functionality. The meticulously renovated interior showcases warm wood flooring, ambient lighting, and the latest appliances. The spacious bedroom fits a Queen or King bed, offers built-in shelving, and provides direct terrace access. The living room, with its large sliding door, seamlessly connects to the terrace, ideal for embracing indoor-outdoor living.

    ExtrasUnlock peace of mind with rent-controlled security in this pristinely renovated suite. Predictable, stable rent, protected against arbitrary increases. Anticipate refreshed hallways, enhancing your living environment, coming soon.

    right at home realtyMLS® #C8400586


    Amenities

    Bike Storage
    Gym Room
    Visitor Parking
    Sauna
    Party Room
    Indoor Pool

    Explore Neighbourhood

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    9/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,212
    Average Individual Income
    $67,505
    Average Household Size
    3 persons
    Average Age
    47
    Average Household Income
    $115,353
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    41%
    Semi Detached
    28%
    High Rise Apartment
    15%
    Low Rise Apartment
    8%
    Duplex
    5%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    73%
    Mandarin
    12%
    Cantonese
    9%
    Tagalog
    2%
    French
    1%
    Arabic
    1%
    Spanish
    1%
    Armenian
    1%
    Education
    University and Above
    34%
    High School
    26%
    College
    16%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Cabbagetown


    Days on Strata

    Units at 40 Homewood Avenue Condos spend an average of
    20
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    22.1
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    5th
    Highest price per SQFT out of 32 condos in the Cabbagetown area

    Sold Units

    18
    Units were Sold over the past twelve months

    Rented Units

    10
    Units were Rented over the past twelve months

    Best Value Rank

    40 Homewood Avenue Condos offers the
    ?
    best value out of 32 condos in the Cabbagetown neighbourhood

    Appreciation Rank

    40 Homewood Avenue Condos has the
    ?
    highest ROI out of 32 condos in the Cabbagetown neighbourhood

    Rental Yield

    40 Homewood Avenue Condos yields the
    ?
    highest rent prices out of 32 condos in the Cabbagetown neighbourhood

    High Demand

    40 Homewood Avenue Condos is the
    ?
    most popular building out of 32 condos in the Cabbagetown neighbourhood

    Transaction Insights at 40 Homewood Avenue

    Studio1 Bed2 Bed
    Price Range$350,000 - $434,900$385,000 - $545,000$580,000 - $617,000
    Avg. Cost Per Sqft$991$836$746
    Avg. Wait for Unit Availability74 Days27 Days67 Days
    Ratio of Units in Building19%57%25%

    Maintenance Fees

    40 Homewood Avenue Condos vs The Cabbagetown Area

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