617-120 Homewood Avenue, Toronto, ON
Cabbagetown-South St. James Town, Toronto · MLS® C14081846
About this home
In short
- EXCEPTIONAL TWO-STOREY LOFT LIVING.Experience downtown Toronto from a different perspective in this rarely offered 1,541 sq. ft. two-storey loft at The Verve by Tridel.
- A striking wall of floor-to-ceiling windows showcases sweeping city views, while soaring double-height ceilings flood the space with natural light and create an...
- Beautifully renovated with a cohesive eye for detail, the interiors balance contemporary design with warmth and understated elegance.
- Rich hardwood floors and a striking floating industrial-style staircase add warmth and architectural character.
- Beyond your front door, The Verve's outstanding amenities include a resort-style outdoor pool and sun deck, fully equipped fitness centre, party room, media lounge...
CORNER UNIT. SOARING CEILINGS. DRAMATIC CITY VIEWS. EXCEPTIONAL TWO-STOREY LOFT LIVING.Experience downtown Toronto from a different perspective in this rarely offered 1,541 sq. ft. two-storey loft at The Verve by Tridel. A striking wall of floor-to-ceiling windows showcases sweeping city views, while soaring double-height ceilings flood the space with natural light and create an extraordinary sense of volume. Savour spectacular sunsets from the west-facing terrace complete with a 17-ft. electric awning for welcome shade. Beautifully renovated with a cohesive eye for detail, the interiors balance contemporary design with warmth and understated elegance. Despite its vibrant downtown setting, the space feels remarkably peaceful - a serene retreat above the city.The chef-inspired kitchen combines sleek quartz countertops, premium stainless steel appliances, a breakfast bar and a built-in Miele coffee machine. Rich hardwood floors and a striking floating industrial-style staircase add warmth and architectural character.Upstairs, two generously sized bedrooms offer a welcome sense of privacy and retreat. The primary suite features a luxurious five-piece ensuite and electric blinds for effortless light control and privacy, enhancing the comfort of this beautifully appointed suite. The second bedroom enjoys its own three-piece ensuite - ideal for guests or a private home office. Beyond your front door, The Verve's outstanding amenities include a resort-style outdoor pool and sun deck, fully equipped fitness centre, party room, media lounge and billiards area. And the location? Exceptional. Step outside to enjoy nearby parks, boutique shopping, restaurants and everyday conveniences, with the subway less than 10 minutes away and easy access to major highways. Experience the energy of downtown Toronto with the city's best offerings right at your fingertips.An exceptional opportunity to own a beautifully appointed urban sanctuary in the heart of downtown Toronto.
Key facts
- Property type
- Condo Apartment, 2-Storey
- MLS®
- C14081846
- Bedrooms
- 2
- Bathrooms
- 3 (1 half)
- Size
- 1400-1599 sq ft
- Cross streets
- Wellesley / Sherbourne
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,341/mo
- Exposure
- West
- Property tax
- $6,522 / 2026
- Days on market
- 4
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
5 pc ensuite · picture window · hardwood floor
coffered ceiling(s) · hardwood floor · w/o to balcony
picture window · electric fireplace · hardwood floor
pot lights · hardwood floor · 3 pc ensuite
breakfast bar · stainless steel appl · stone counters
Listed at $1,325,000. Going by how homes in North St. James Town and the wider GTA have actually closed against their asking prices (about 97%, 19 local closings in 90 days), the likely sale price is near $1.29M, if it sells. A realistic range is $1.21M to $1.39M.
Independent value check: $1.18M. Without looking at the asking price, our model values the home itself about 11% below the ask (homes like it typically land between $1.10M and $1.24M).
Why $1.18M. The typical condo sold in North St. James Town over the past year went for about $535K (67 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $6,522 a year; the typical home sold here pays about $2,800.
- ▲ Raises it stronglyIt is 1,400 to 1,599 sq ft; the typical home sold here is 700 to 799.
- ▲ Raises it2 bedrooms and 3 baths, against 2+1 and 1 typically.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $1.29M, from 19 recent closings in this pocket.
The market behind the math:
About 6.2 months of inventory: 39 condo apartment homes for sale in the area against 19 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $884/sqft against an area asking average of $927/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 19 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.19M. Condition and finishes remain an in-person call.
What the listing highlights5 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
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- 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 ($884/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Cabbagetown-South St. James Town, so I widened the search to the surrounding area.
Based on 25 homes sold in this building over the past two years, from 168 closings in North St. James Town.
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market. Homes like this one have recently closed around $1.18M, which is where my estimate comes from.
Per square foot, these ask about $1,005/sqft; this home lists at $884/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 $1,060,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,861
- Property tax
- $544
- Condo / maintenance fees
- $1,341
- Heating
- $0
- Estimated monthly cost
- $7,745
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,975
- Toronto municipal land transfer tax
- $22,975
- Estimated closing costs
- $45,950
Plus your down payment of $265,000. 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
- $351,655
- Principal paid down
- $129,512
- Interest paid
- $222,143
- Balance remaining
- $930,488
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 17 whole-home leases in North St. James Town signed at a median of $2,670 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,916. 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.