$830,000 - 120 Homewood Avenue Unit 420, Cabbagetown
Condo for Sale in Cabbagetown
Popular Listing- MLS Number
- C13228598
- Property Type
- Condo
- Status
- active
- Days on Site
- 8
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- HOMELIFE/BAYVIEW REALTY INC.
A unique loft for discerning taste at Tridel's Gold LEED certified Verve featuring soaring 10' smooth ceiling and a wide design allowing for of light and versatile furniture set up. Overlooking the park, meticulously maintained, offering a like-new feel. Perfectly nestled in the middle of the building, low traffic & quiet. A well designed kitchen, large centre island with seating for 4, loads of quality cabinetry, upgraded features and quartz countertop. Numerous other highlights: hardwood flooring with plywood, custom Hunter Douglas blinds and custom drapery, closet doors, crown mouldings, contemporary crystal light fixtures. 2nd bedroom sliding doors were removed- to allow for more open flow. Spacious balcony spanning the width of the unit, facing east & overlooking the park. Steps to Rabba, Red Rocket, Wellesley/ Sherbourne bus can connect to Yonge or Bloor subway line. Close proximity to Yonge & Bloor, Yorkville, U of T, Queen's Park, numerous Hospitals (St. Michael's, Mount Sinai, Toronto General, Princess Margaret, UHN). Other nearby highlights: Allan Gardens, Riverdale park west, Rosedale Ravine Lands, bike paths, easy access to DVP. Prime P1 parking spot- steps to elevator. Convenient locker room also on P1-easy access location. *Photos reflect virtual staging, virtual de-staging.
Estimate your monthly payments for this property
Estimated Payment
$4,258.33/mo
Includes CMHC insurance ($23,157)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Regent Park / Cabbagetown / St. James Town
Regent Park / Cabbagetown / St. James Town is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Regent Park / Cabbagetown / St. James Town
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Regent Park / Cabbagetown / St. James Town offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
120 Homewood Avenue Unit 420, Regent Park / Cabbagetown / St. James Town
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1186/sqft, this property is priced above the Cabbagetown average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Cabbagetown properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,458 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.