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$535K · 2+1 bed Condo Apartment · Cabbagetown-South St. James Town, Toronto | MyPropertyScout

$535,000

Unit 2201

2+11Vacant

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$535,000

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Unit 2201

40 Homewood Avenue · Toronto · Ontario M4Y 2K2

MLS® C12898076 · Cabbagetown-South St. James Town · M4Y 2K2

2+11Vacant700-799 ft²Condo ApartmentNone$714/ft²$2,511 tax/yr

0% below market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Welcome to this thoughtfully designed condo offering a bright, spacious, and open-concept layout - perfect for modern city living. Excellent value for both end users and investors alike. The generously sized bedroom features ample closet space and windows to fill the room with natural light. Step outside to your east-facing balcony is ideal for summer. Situated between Cabbage town and The Village, this prime location offers the perfect blend of character, convenience, and commuting. The locatio…

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Property details

MLS#: C12898076
Status: Buy Now
Beds: 2+1
Baths: 1 full, 0 half
Size: 700-799
Style: Multi-Level
Type: Condo Apartment
Year built: —

Condo corp #: 75
Balcony: Open
Locker: None
Fees include: Heat Included, Water Included, Common Elements Included, Hydro Included
Pets: No

Garage: None
Garage spaces: 0
Parking: 0 total
Heating: Radiant
Heating fuel: Other
Cooling: None
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Jarvis/ Carlton
Basement: None
Stories: 21
Utilities: —
Laundry: Coin Operated
Interior: None
Parking features: —

Rooms

Level	Room	Dimensions
Flat	Kitchen	5.3m × 7m
Flat	Bedroom	3.5m × 4.8m
Flat	Bedroom 2	3.04m × 4.06m
Flat	Den	2.22m × 2.8m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RIGHT AT HOME REALTY

Source: TRREB/PROPTX · MLS® C12898076

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$535K

Unit 2201 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $535,000✓ $2,511 tax✓ Other✓ 700-799 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,060/mo

incl. closing costs (yr 1)

Annual total

$60,725

year 1

Mortgage only

$2,030/mo

principal + interest

Beyond mortgage

$1,975/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$107,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$209/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~750 ft² · ON avg ~$75/mo · assumes gas heat

Other$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,350/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$74/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,175

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $24,355/yr

Property taxes16% $9,686/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $5,350/yr

Condo fees18% $10,674/yr

Closing costs8% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$24,355	$2,030/mo
Government & taxes
Property tax	$2,511	$209/mo
Land transfer tax(closing)	$7,175	$598/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Other	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,350	$446/mo
Condo fees
Condo / HOA fees	$10,674	$889/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$60,725	$5,060/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 2201

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs