414-40 Homewood Ave
Cabbagetown-South St. James Town, Toronto, Ontario M4Y 2K2
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600–699sq ft
- Per sq ft
- $691at the range’s middle
- Tax a year
- $2,3252026 tax year
- Parking
- 0underground
- Days on market
- Members
The brief
About 414-40 Homewood Ave
414-40 Homewood Ave is a 1-bedroom, 1-bathroom condo in Cabbagetown-South St. James Town, Toronto, listed for sale at an asking price of $449,000 (MLS® C14113126).
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.
Insights
Condition Score
Good76/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall25/100−$1,079/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 8 homes with 1 bedroom for lease in Cabbagetown-South St. James Town right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,325 / 2026
- MLS® number
- C14113126
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 600-699 sqft
- Listed on
- Parking
- Underground, 0 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Cabbagetown-South St. James Town
- Municipality
- Toronto
Building
- Size
- 600-699 sqft
- Construction
- Brick
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Wall Unit
- Heating Type
- Radiant
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- See Schedule C
- Condo maint.
- $811
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Dining | 2.29 × 2.57 m | W/O To Balcony, East View, hardwood floor | Flat |
| Kitchen | 2.21 × 3.3 m | Renovated, Stainless Steel Appl, Tile Floor | Flat |
| Living | 6.9 × 3.8 m | East View, Combined W/Dining, hardwood floor | Flat |
Listing history
Buy/sell history for 414-40 Homewood Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $449,000 | N/A | For Sale | C14113126 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $89,800
- Total mortgage amount
- $359,200
- Total interest payment
- $255,500
- Total purchase cost
- $704,500
- Mortgage payment
- $2,049/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
62%Monthly carrying cost
$3,054- Rent $1,975
- Shortfall $1,079
Rental income opens at $1,975, the median asking rent of 8 comparable homes for lease in Cabbagetown-South St. James Town. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $5,455
- Toronto municipal land transfer tax
- $5,455
- Total land transfer tax
- $10,910
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $2,435
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $449,000
- $980
- Ontario total
- $5,455
Toronto’s municipal tax uses the same brackets at this price, so it adds another $5,455.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m29 test or monitoring holes also recorded.250 m
- Groundwater recorded about 11.8 m below ground nearbyThe middle water level in the well records within 500 m (268 records). It changes with the season and from spot to spot.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 45 building permits issued within 250 m in the last 2 years250 m
- 4 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 3.6 km3.6 km
- Mapped parcel: about 87,750 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Enwave Energy Corporation — Walton Street Steam Plant, 1.1 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
R (d2.5) (x708)By-law
569-2013Municipality
Toronto1 d2.5
Density: floor area is capped at 2.5 times the lot area.
2 x708
Site-specific exception 708: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 10, section 10.10 of By-law 569-2013 · Exception 900.2.10(708)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
3 building permits cleared at this address in the City’s file.
Building Permit Related(MS)Closed
HVAC - PROPOSED: New LULA elevator between levels B2 and B3 in existing residential condominium building
Issued May 19, 2021
Building Permit Related(PS)Closed
Plumbing - PROPOSED: New LULA elevator between levels B2 and B3 in existing residential condominium building
Issued May 19, 2021
Interior AlterationsClosed
PROPOSED: New LULA elevator between levels B2 and B3 in existing residential condominium building
Issued May 19, 2021
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
410 SHERBOURNE STCondominiumUnder Review
*** Proposed Draft Plan of Condominium for a 39-storey mixed-use building containing 456 residential units.
110 m away410 SHERBOURNE STSite planUnder Review
Site Plan Approval Application for a 42-storey mixed-use building having a non-residential gross floor area of 240 square metres and a residential gross floor area of 31,273 square metres.
110 m away405 SHERBOURNE STSite planApplication Received
Site Plan Control Application for a 35-storey (112.6) metre building (excluding mechanical penthouse) 25,069 square metres of residential gross floor area and 388 square metres of non-residential gross floor area and a landscaped mid-block connection between Sherbourne and Bleecker Streets.
170 m away383 SHERBOURNE STSite planAppeal Received
The proposal will introduce a 39 storey residential building representing an F.S.I. of 13.58 and lot coverage of 69%. The total GFA will be 20,328 sq. m. incorporating 378 units, and 1,384 sq. m. of indoor and outdoor amenity space.
200 m away440 JARVIS STSite planUnder Review
Site Plan Approval for a 56-storey mixed-use building. The proposed building contains a total of 579 dwelling units, of which 36 are rental replacement units, and a total of approximately 4,739 square metres of institutional space for the Sick Kids Centre for Community Mental Health located in 440 Jarvis Street.
280 m away440 JARVIS STOfficial plan or zoning amendmentOMB Appeal
Combined Official Plan & Zoning By-law Amendment for a 56-storey mixed-use building. The proposed building contains a total of 579 dwelling units, of which 36 are rental replacement units, and a total of approximately 4,739 square metres of institutional space for the Garry Hurvitz Centre for Community Mental Health at SickKids located in 440 Jarvis Street.
280 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Cabbagetown-South St. James Town right now
- For sale now
- 20
- Median asking price
- $544K
- New in 7 days
- 1
- Price cuts
- 10%
Middle half: $457K to $610K
12 in 28 days
2 listings
This home is asking 17% below the median, lower than three quarters of them.
See all homes in Cabbagetown-South St. James TownAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Wellesley Station | TTC subway: Line 1 Yonge-University | 650 m |
| College Station | TTC subway: Line 1 Yonge-University | 750 m |
| Sherbourne Station | TTC subway: Line 2 Bloor-Danforth | 850 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 2.1 km |
| Eglinton Station | TTC subway: Line 1 Yonge-UniversityTTC light rail: Line 5 Eglinton | 4.9 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Our Lady of Lourdes Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 200 m | 66%Grade 6 average |
| Church Street Junior Public SchoolToronto DSB | Public · grades JK–6 | 300 m | 72%Grade 6 average |
| Winchester Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 · French Immersion | 400 m | 77%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 900 m | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Jarvis Collegiate InstituteToronto DSB | Public · grades 9–12 | 200 m | 34%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 250 m | 86%Grade 9 math |
| Native Learning CentreToronto DSB | Public · grades 9–12 | 350 m | — |
| Msgr Fraser College (Isabella Campus)Toronto CDSB | Catholic · grades 9–12 | 600 m | — |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Cabbagetown-South St. James Town are shown to signed-in members.