40 Homewood Avenue 316, Toronto C08

$530,000
40 Homewood Avenue 316

$530,000

New
16d
Condo ApartmentApartment

40 Homewood Avenue 316, Toronto C08

Total Monthly Obligation $3,295

HausQ Valuation Report
Beds
2
Baths
1
Park
1
Sqft
600-699
DOM
16d
Score
19
Yield
6.3%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.3%
Property Type-Condo Apartment
MLS® Number-C13873366
Beds-2
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Age-51-99
Taxes-$2,317.28 (2026)
Maintenance-$763.88/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Radiant (Gas)
Brokerage-PROPERTY.CA INC.
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Cabbagetown-South St. James Town
Title-Residential Condo & Other

No agent assigned

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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Closing Costs

Mortgage Amount
$424,000
Land Transfer Taxes$7,075
Legal Fees (Est.)
$
Total cash required for closing$114,575

Total Monthly Obligation

$3,295/mo
Mortgage $2,138
Monthly Loss $2,732
Principal$563
Interest$1,575
Property Tax$193
Condo Fees$764
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.5%1
5-Year IRR
9.2%30
10-Year IRR
10.1%
Returns Index
16.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$33,168/yr
NOI
$15,967/yr
Net Cash Flow
-$807/mo
Cash Margin
-29.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.628
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 40 Homewood Avenue 316

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.