PH7 - 40 Homewood Avenue

South St. James Town, Toronto

PH7 - 40 Homewood Avenue, South St. James Town, Toronto

$399,900


Bedrooms: 1

Bathrooms: 1

Living Area: 500 sqft

Price Per Sqft: $799.80


About this Condo

in South St. James Town, Toronto

Discover effortless urban living in this penthouse residence, where space, light, and views come together beautifully. This condo presents a rare opportunity for both end users and investors seeking long-term value. The well-proportioned one-bedroom layout is enhanced by soaring floor-to-ceiling windows, filling the home with natural light and offering abundant storage throughout. A true highlight of the suite is the oversized 18-foot balcony, oriented west for uninterrupted skyline views and unforgettable sunsets. With ample room for outdoor dining and lounging, it's an ideal extension of your living space-perfect for relaxing evenings or entertaining friends. All-inclusive condo fees cover heat, hydro, water, Bell Fibe Internet, and Crave TV, providing exceptional convenience and cost certainty. Located in a vibrant, highly walkable neighbourhood just moments from downtown, major universities, transit, dining hotspots, grocery stores, and retail, with quick connections to the DVP and Gardiner Expressway, this penthouse offers a refined city lifestyle with everything at your doorstep.

Listed by CHESTNUT PARK REAL ESTATE LIMITED.


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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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