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New2 hours ago

609 - 40 Homewood Avenue

Cabbagetown-South St. James Town, Toronto

$369,000

Condo Apartment |
1 | 1 | 0 | 1
About this home

This bright one-bedroom delivers a well-planned layout with no wasted space and a surprisingly generous eat-in kitchen. The west-facing exposure brings afternoon and evening light, along with a refreshingly peaceful view of the trees below. The real standout is the approximately 18' x 8' private balcony: freshly painted and large enough for a proper table and chairs, with room left over for planters and your own container garden. Fresh paint and updated flooring inside provide a move-in-ready baseline, and an exclusive locker adds useful storage beyond the suite. Maintenance fees include heat, hydro, water, and cable TV, and building amenities include an indoor pool, gym, sauna, bike storage, party and meeting rooms, visitor parking, concierge, and security. Parking spaces are available in the building for $110/month. With a 94 Walk Score, Loblaws, Food Basics and No Frills are within walking distance, along with dining, nightlife and cultural destinations on Church and Yonge and beyond.

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agent
Angela Montano
(647) 283-2643
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size0-499 sq. ft.
Maintenance Fees$504
LockerExclusive
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$1,895
mls© NumberC13696174
Listed ByBSPOKE REALTY INC.
Heat Included
Water Included
Cable TV Included
Hydro Included
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,889
Property tax
$158
Heat allowance
$150
Condo fees, half counted
$252
Housing costs
$2,449 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $73,800
25-yr amortization

Income needed

$75,000

gross annual household income

Payment at 4%
$1,553 / mo
Cash down
$73,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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