40 Homewood Avenue

At 31 storeys tall, with a classic brick and concrete block exterior — nobody could be blamed for overlooking this building. With shiny glass towers popping up in every corner of the city, condos like 40 Homewood Avenue Condos aren’t at the top of most prospective buyers lists — but they should be.

Appearances can be deceiving, and if you look past the drab structure, you’ll find a ton of potential. To start, residents are welcomed home by a manicured garden, shrouded by mature trees. Once inside, this condo provides a wealth of updated amenities — fitness centre, pool, sauna, hobby room, meeting room, recreation room, library, and more.

Another appealing aspect of this condo — especially for those who are seeking a long term residence — is that pets are welcome, and the building is conveniently located within a few minutes of a dog park at Allan Gardens.

Whether you’re a first time home buyer, a young professional, or an empty nester who’s downsizing from a detached home — these condos represent a great investment opportunity, at a very affordable price.

If the words ‘investment opportunity’ bring visions of dated finishes and renovations — you’re not far off. 40 Homewood Avenue Condos was built in 1972 and is home to 492 units; what you’ll find in those units, can vary quite a bit. Some units have carpeted floors while others have parquet flooring or upgraded hardwoods; likewise, some kitchens are modern with granite countertops and stainless steel appliances, but others will be dated.

Buyers have several layouts to choose from, with a range of suites from 1 bedrooms that start at 384 square feet to 857 square foot 2 bedrooms. For those who are looking for Toronto condos for sale are really want a steal, there are 2 bedrooms in this building which have sold for the price of a 1 bedroom in areas like the Bay Street Corridor — which is only a short walk away.

For buyers who aren’t deterred by the prospect of an upgrade or two, your return on sweat equity could be substantial; units in this building are on the low end of price per square foot in Toronto, but the Cabbagetown neighbourhood has become very desirable, with many nearby condos at much higher price points.

Tucked away on Homewood Avenue between Jarvis and Sherbourne — residents of 40 Homewood Avenue Condos have an excellent location. With many acclaimed restaurants, cozy cafes, and entertainment options both within the neighbourhood and just beyond its boundaries — residents have everything they could want from an urbanely located condo.

Toronto is renowned for its dining experience, and residents of Cabbagetown have some incredible restaurants nearby; for a steak in a chic setting — The Blake House is just around the corner, as is the Keg Mansion for anyone who wants their meat in a heritage building. On Church Street, you’ll find quick grab options like Hero Certified Burgers and Pizza Pizza, and a smattering of international restaurants awaits you on Yonge Street.

Music fans have 2 well known venues in the area; The Phoenix Concert Theatre is just a block east, and Massey Hall is a short walk away on Victoria Street. And if you enjoy music of a more theatrical style — you can catch a play at the Ed Mirvish Theatre, Betty Oliphant Theatre, or Buddies in Bad Times Theatre. Art Aficionados have galleries in the neighbourhood, and more to the west and south.

Those seeking livelier entertainment choices have the vibrant nightlife of Yonge Street less than a 10 minute walk from their front door. Church street and The Village also offer a diverse nightlife experience, with many pubs catering towards LGBTQ patrons. For movie nights, Imagine Cinemas Carlton Cinema is only a short walk, and Yonge Dundas square has a cineplex and regularly hosts outdoor events in the square.

Boasting a 94 Walk Score — 40 Homewood Avenue Condos grants residents a pedestrian friendly location. For groceries and essential purchases, there’s a Loblaws to the south on Carlton and a Rabba Fine Foods to the north on Wellesley. And for that all important breath of fresh air, residents have a green space on site at their building, plus Allan Gardens and Winchester Park are just minutes away.

Those who rely on public transit, have buses on Wellesley, Jarvis, Sherbourne, and Carlton — streetcars on Carlton as well — and College Station is only a 10 minute walk for subway lines. Drivers also enjoy the benefit of a great starting point; head south on Jarvis for the Gardiner Expressway, and for the Don valley parkway, travel north on Parliament and then east on Bloor for the Danforth on-ramp.