3111 - 40 Homewood Avenue

South St. James Town, Toronto

3111 - 40 Homewood Avenue, South St. James Town, Toronto

$399,900


Bedrooms: 0

Bathrooms: 1


About this Condo

in South St. James Town, Toronto

Welcome to your newly renovated condo at 40 Homewood Avenue. This beautiful bachelor condo has been transformed from top to bottom and is ready for you to move in and enjoy. This bright, west-facing unit boasts brand-new flooring throughout, creating a seamless and "like home" feel. The new kitchen has been given a new facelift with newer cabinetry and new countertops, complemented by a new stainless steel appliances. This space offers the best of both worlds: a versatile sleeping area where a buyer can add a bifold partition to adjust natural light and privacy, and a large closet for all your wardrobe needs. The washroom has also been beautifully redone with modern finishes. The spacious main living area features a walkout to a large private balcony, offering stunning views and a perfect spot for morning coffee or evening relaxation. The unit is complete with a generously sized closet for ample storage, and a separate locker for your convenience. Located in a prime downtown location, you're just steps away from TTC, Toronto Metropolitan University, and the vibrant communities of Cabbagetown and Church-Wellesley Village. The well-managed building offers an array of fantastic amenities, including a concierge, a huge indoor pool, a fully equipped gym, and an outdoor terrace with BBQs. This unit is an exceptional opportunity for a student, professional, or couple seeking a turn-key, stylish home in the heart of the city. Parking can be rented from management for approximately $100 per month. Do not miss out on this opportunity. Please note some of these pictures have been virtually staged.

Listed by SOLID ROCK REALTY.


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LAND TRANSFER TAX CALCULATOR


Purchase Price  
First-Time Home Buyer

Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities


MORTGAGE CALCULATOR


     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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