$559,999 - 60 Homewood Avenue Unit 208, Cabbagetown
Condo for Sale in Cabbagetown
- MLS Number
- C13132882
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Exclusive
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- UNION REALTY BROKERAGE INC.
Welcome to this beautifully updated and freshly painted 2-bedroom condo on Homewood, offering the perfect balance of space, comfort, and downtown convenience. Bright and inviting, this spacious suite features oversized windows, a private balcony overlooking the quiet interior courtyard, and a thoughtfully designed layout that feels both functional and welcoming.The renovated second bedroom has been fully enclosed with a newly built wall and doorway, creating an ideal bedroom, office, or flex space. The large kitchen with full size appliances is a rare downtown find and a dream for those who love to cook and entertain, featuring ample cabinetry, pull-out drawers in all deep cabinets, generous prep space, and excellent sight lines into the living room and breakfast bar seating area. The beautifully updated bathroom adds to the home's stylish, move-in-ready appeal.One of the standout features of this community is its incredible amenities and welcoming atmosphere. Residents enjoy a huge gated courtyard perfect for kids and dogs, swimming pool, rooftop BBQ area, tennis, squash and basketball courts, party and games rooms, boardroom, and multiple entertaining spaces for gatherings large and small along with Pay-Per-Use EV Charging in the visitor lot. Friendly neighbours and an active social committee hosting monthly events make this building feel like a true community.Perfectly located near Allan Gardens and the downtown core, this home offers exceptional walkability with easy access to TTC Line 1 and Line 2 stations, grocery stores, schools, daycare, libraries, parks, and Riverdale Farm. Complete with a locker, this is a fantastic opportunity to own a quiet, spacious, amenity-rich condo in one of Toronto's most connected neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$2,873.08/mo
Includes CMHC insurance ($15,624)
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.
60 Homewood Avenue Unit 208, 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
Competitive Pricing
At $800/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 26 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $2,333 (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.