$359,000
For sale: Apartment

Welcome to 40 Homewood Ave, Suite 2108 a large bachelor smartly converted into a functional 1-bedroom, offering a comfortable layout and excellent value in the heart of the city. Enjoy an open-concept kitchen and living area with laminate flooring, plus a nicely updated 4-piece bath. Step out onto the full-width balcony and take in panoramic skyline views of Toronto.This is a solid, well-managed building with a healthy reserve fund and major upgrades completed, including windows, elevators, main entrance, exercise room, and indoor pool. Built in 1972, residents enjoy 24-hour concierge, storage locker, bike storage, and underground parking available for rent (approx. $100/month).
Sold data
Apartment homes in Toronto (Cabbagetown-South St. James Town) took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 53, across 2,905 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 55 days.
The median sale price was $569,999.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
Based on 2,905 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Cabbagetown-South St. James Town) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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