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    709 - 40 Homewood Ave

    Cabbagetown, Downtown, Toronto
    For Rent40 Homewood Avenue Condos
    $2,200/mth
    1 Bed
    1 Bath
    0 Parking
    600 SQFT
    35 Days on Strata
    Est Lease Timeframe
    9 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    West
    Locker:
    Exclusive
    Possession Date:
    June 15, 2024
    Lease Term:
    1 Year
    Laundry:
    Coin Operated
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Hydro
    Heat
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Air Conditioning

    Utility Type

    Air Conditioning
    None
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Walkout To Balcony, Large Window, Open Concept
    6 x 11.42ft
    Kitchen
    Renovated, Combined with Dining, Window
    6.17 x 14.24ft
    Bedroom
    Large Closet, Window, Separate Room
    8.92 x 11.42ft

    About this Listing

    Call Homewood home! This charming 1-bedroom suite is move-in ready; freshly painted, cleaned, + new flooring. Unit 709 offers a practical layout, tons of storage, a spacious & renovated eat-in kitchen, plus an expansive west-facing balcony which spans over 100 SqFt in size. Nestled in Toronto's bustling Downtown East, you'll have easy access to the TTC, Toronto Metropolitan University, the University of Toronto, the Eaton Centre, and Allan Gardens. You'll be mere minutes away from the downtown core, where you can enjoy the vibrant nightlife, diverse dining options, grocery stores, shopping, and quick routes to DVP/Gardiner. Enjoy the building amenities which include an indoor salt water swimming pool, sauna, TV room, library room, party room, exercise room, patio with BBQs, visitor parking, security guard & system. A storage locker, heat, water, hydro, Cable TV & Internet are also included!

    ExtrasIncludes use of refrigerator, stove & all electrical light fixtures. The building has a coin-operated laundry room on the basement Level. Rental parking is available through property management. * Other Is Balcony

    royal lepage terrequity realtyMLS® #C8399128

    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

    Price Trends

    Building Trends At 40 Homewood Avenue Condos

    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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