414-40 Homewood Avenue, Toronto, ON
Cabbagetown-South St. James Town, Toronto · MLS® C13877702
About this home
In short
- Some condos just feel good the moment you walk in.
- Suite 414 is one of them.
- The renovated kitchen is beautifully considered and designed to work effortlessly with the living and dining spaces, while hardwood floors run throughout.
- Exceptionally well managed, the building has a true sense of community alongside amenities that feel decidedly more hotel than condo: a heated indoor pool, 24-hr...
Some condos just feel good the moment you walk in. Suite 414 is one of them. One of the building's largest one-bedroom layouts, this beautifully bright and thoughtfully updated suite offers exceptional value, with mature trees just beyond the windows creating a sense of calm that feels remarkably removed from the city below. Facing east, the windows look directly into a canopy of mature trees, giving the entire space a private, almost treehouse-like feel that's especially lovely in the morning light. The renovated kitchen is beautifully considered and designed to work effortlessly with the living and dining spaces, while hardwood floors run throughout. Step outside from the dining room onto your private balcony - morning coffee highly encouraged. The spacious bedroom features a generous double closet, while a second double closet in the entry and an exclusive-use locker provide plenty of additional storage. Exceptionally well managed, the building has a true sense of community alongside amenities that feel decidedly more hotel than condo: a heated indoor pool, 24-hr concierge, sauna, updated party room, gym and outdoor BBQ area - to name a few. Maintenance fees are all-inclusive, even cable and high-speed internet, and parking is available to rent. For a first-time buyer, it's a smart way into the market without compromising on space. For a downsizer, there's room to live comfortably and a genuine sense of community. And as a pied-à-terre? You'd be hard-pressed to find a more convenient home base. Minutes from Cabbagetown, Yonge & Bloor, Wellesley and College subway stations, Loblaws, LCBO, TMU and U of T. A little calm, right in the middle of everything.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13877702
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699 sq ft
- Cross streets
- Wellesley St E & Jarvis St
- Parking
- 0 parking
- Basement
- None
- Heating
- Radiant
- A/C
- Wall Unit(s)
- Exterior
- Brick
- Maintenance
- $811/mo
- Exposure
- East
- Property tax
- $2,325 / 2026
- Days on market
- 11
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
renovated · stainless steel appl · tile floor
w/o to balcony · east view · hardwood floor
double closet · hardwood floor · east view
Listed at $469,000. Going by how homes in Cabbagetown-South St. James Town and the wider GTA have actually closed against their asking prices (about 97%, 15 local closings in 90 days), the likely sale price is near $455K, if it sells. A realistic range is $428K to $492K.
Independent value check: $433K. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $403K and $455K).
Why $433K. The typical condo sold in Cabbagetown-South St. James Town over the past year went for about $535K (67 sales). What sets this one apart:
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $2,325 a year; the typical home sold here pays about $2,800.
- ▼ Lowers it1 bedrooms and 1 baths, against 2+1 and 1 typically.
- ▼ Lowers itIt is 600 to 699 sq ft; the typical home sold here is 700 to 799.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $455K, from 15 recent closings in this pocket.
The market behind the math:
About 2 months of inventory: 10 condo apartment homes for sale in the area against 15 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $722/sqft against an area asking average of $770/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 15 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $454K. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Jesse Ketchum Junior and Senior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($722/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 26 homes sold in this building over the past two years, from 112 closings in Cabbagetown-South St. James Town.
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $816/sqft; this home lists at $722/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Toronto: $540K in September 2026, down 4% from a year ago, on 10,804 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $589K | 1052 |
| November 2025 | $569K | 834 |
| December 2025 | $545K | 659 |
| January 2026 | $565K | 593 |
| February 2026 | $575K | 722 |
| March 2026 | $565K | 974 |
| April 2026 | $565K | 1042 |
| May 2026 | $560K | 1011 |
| June 2026 | $558K | 1120 |
| July 2026 | $560K | 1030 |
| August 2026 | $548K | 882 |
| September 2026 | $540K | 885 |
Neighbourhood & location
Cabbagetown-South St. James Town, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $375,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,075
- Property tax
- $194
- Condo / maintenance fees
- $811
- Heating
- $0
- Estimated monthly cost
- $3,079
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,855
- Toronto municipal land transfer tax
- $5,855
- Estimated closing costs
- $11,710
Plus your down payment of $93,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $124,473
- Principal paid down
- $45,843
- Interest paid
- $78,630
- Balance remaining
- $329,357
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 8 whole-home leases in Cabbagetown-South St. James Town signed at a median of $2,117 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,270. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.