| Heat Included | |
| Hydro Included | |
| Water Included | |
| Cable TV Included | |
| Common Elements Included | |
| Building Insurance Included |
New3 hours ago
316 - 40 Homewood Avenue
Cabbagetown-South St. James Town, Toronto
$519,000
Condo Apartment |
2 | 1 | 1 | 1
About this home
Welcome to Unit 316 at 40 Homewood Ave a bright, well-kept corner 2-bedroom suite offering a rare sense of calm in the heart of downtown Toronto. Floor-to-ceiling windows in every room frame mature trees and bring in beautiful natural light, while updated closet doors and a well-maintained kitchen make this home move-in ready.This exceptionally well-managed building offers a welcoming community and an impressive collection of amenities, including a heated indoor pool, sauna, gym, updated party room and outdoor BBQ area. Maintenance fees include high-speed internet, cable TV and all utilities an added convenience and value. Ideally located minutes from Cabbagetown, Yonge & Bloor, Wellesley and College subway stations, Loblaws, LCBO, TMU and U of T. A little calm in the middle of everything and a move-in-ready opportunity in the heart of Toronto.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,656
- Property tax
- $193
- Heat allowance
- $150
- Condo fees, half counted
- $382
- Housing costs
- $3,382 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $103,800
25-yr amortization
Income needed
$104,000
gross annual household income
- Payment at 4%
- $2,184 / mo
- Cash down
- $103,800
Assumes no other monthly debts · 25-yr amortization
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