120 Homewood Avenue 617, Toronto C08

$1,325,000
120 Homewood Avenue 617

$1,325,000

New
8d
Condo Apartment2-Storey

120 Homewood Avenue 617, Toronto C08

Total Monthly Obligation $7,430

Beds
2
Baths
3
Park
1
Sqft
1400-1599
DOM
8d
Score
16
Yield
4.9%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.6%
10Y IRR
10.0%
Property Type-Condo Apartment
MLS® Number-C14081846
Beds-2
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Condo Apartment
Taxes-$6,522.15 (2026)
Maintenance-$1,341.34/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-CHESTNUT PARK REAL ESTATE LIMITED
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Exterior-Concrete
Possession-TBA/flexible
Neighbourhood-Cabbagetown-South St. James Town
Title-Residential Condo & Other

No agent assigned

CORNER UNIT. SOARING CEILINGS. DRAMATIC CITY VIEWS. EXCEPTIONAL TWO-STOREY LOFT LIVING.Experience downtown Toronto from a different perspective in this rarely offered 1,541 sq. ft. two-storey loft at The Verve by Tridel. A striking wall of floor-to-ceiling windows showcases sweeping city views, while soaring double-height ceilings flood the space with natural light and create an extraordinary sense of volume. Savour spectacular sunsets from the west-facing terrace complete with a 17-ft. electric awning for welcome shade. Beautifully renovated with a cohesive eye for detail, the interiors balance contemporary design with warmth and understated elegance. Despite its vibrant downtown setting, the space feels remarkably peaceful - a serene retreat above the city.The chef-inspired kitchen combines sleek quartz countertops, premium stainless steel appliances, a breakfast bar and a built-in Miele coffee machine. Rich hardwood floors and a striking floating industrial-style staircase add warmth and architectural character.Upstairs, two generously sized bedrooms offer a welcome sense of privacy and retreat. The primary suite features a luxurious five-piece ensuite and electric blinds for effortless light control and privacy, enhancing the comfort of this beautifully appointed suite. The second bedroom enjoys its own three-piece ensuite - ideal for guests or a private home office. Beyond your front door, The Verve's outstanding amenities include a resort-style outdoor pool and sun deck, fully equipped fitness centre, party room, media lounge and billiards area. And the location? Exceptional. Step outside to enjoy nearby parks, boutique shopping, restaurants and everyday conveniences, with the subway less than 10 minutes away and easy access to major highways. Experience the energy of downtown Toronto with the city's best offerings right at your fingertips.An exceptional opportunity to own a beautifully appointed urban sanctuary in the heart of downtown Toronto.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$1,060,000
Land Transfer Taxes$22,975
Legal Fees (Est.)
$
Total cash required for closing$289,475

Total Monthly Obligation

$7,430/mo
Mortgage $5,345
Monthly Loss $6,023
Principal$1,406
Interest$3,938
Property Tax$544
Condo Fees$1,341
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.9%1
5-Year IRR
7.1%19
10-Year IRR
8.5%
Returns Index
10.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$64,428/yr
NOI
$32,967/yr
Net Cash Flow
-$2,597/mo
Cash Margin
-48.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo20
Risk Index
14.6/ 100

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

Comparables

Properties near 120 Homewood Avenue 617

Time

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