$539,000
For sale: Apartment

Welcome to Unit 2216 at 40 Homewood Ave - a beautifully renovated corner 2-bedroom suite in a vibrant downtown Toronto community. This bright and stylish residence has been thoughtfully updated throughout, featuring new engineered oak hardwood flooring in a striking herringbone pattern, a brand-new kitchen with new appliances, and a fully renovated bathroom complete with a new tub, vanity, toilet, and floor tile. Enjoy the convenience of maintenance fees that include high-speed internet, cable TV, and all utilities. Best of all, take in breathtaking southeast-facing city views stretching all the way to the lake. A move-in-ready opportunity in the heart of Toronto!
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 55 days.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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