$574,900 - 120 Homewood Avenue Unit 411, Cabbagetown
Condo for Sale in Cabbagetown
102 days on market- MLS Number
- C12928208
- Property Type
- Condo
- Status
- active
- Days on Site
- 102
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- None
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Refined City Living at its best. This well maintained 1 Bed/1 Bath suite offers up 650 square feet of intelligently designed space, elevated by soaring 10 foot smooth ceilings (save the popcorn for movie night) and a layout that bucks Toronto's obsession with narrow, bowling alley floor plans. Instead a rare SW corner unit delivers a true rectangular footprint - creating natural separation between living, dining and entertaining spaces, all wrapped in windows that draw in warm afternoon light. Step out to a substantial west-facing private balcony, finished with wood patio tiles, extending your living space well beyond the interior through the warmer months. Inside, oversized windows with transoms add architectural interest, while the kitchen features its own window - because even the everyday moments deserve to be well-lit. Multiple vantage points capture perfectly framed CN Tower views, adding just the right amount of skyline drama. The bedroom is both spacious and bright, anchored by a west-facing box bay window and that signature CN Tower view, with a double closet and room to comfortably accommodate a queen or king bed. The kitchen balances function and flexibility with ample storage, granite counters, and a movable Island with butcher block top - ideal for both prep and casual dining. Full size appliances, including in-suite laundry, round out the space. Freshly painted with updated lighting throughout, including new kitchen fixtures and a bathroom sconce, plus seamless laminate recently extended into the bedroom - everything feels cohesive, clean, and move-in ready. This impeccably managed Tridel building spoils residents with a full suite of amenities: 24hr concierge, fitness-center with weights, cardio & yoga, outdoor pool deck and hot-tub with sun-bathing cabanas, BBQ area, party, theatre and business rooms and more. Steps to transit, parks, dining, shopping, everything that makes downtown Toronto worth calling home.
Estimate your monthly payments for this property
Estimated Payment
$2,949.53/mo
Includes CMHC insurance ($16,040)
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.
120 Homewood Avenue Unit 411, 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
Fair Market Value
At $958/sqft, this property is priced in line with current Cabbagetown market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 102 days on site, this property has exceeded the typical selling timeline for Cabbagetown. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 600 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 $2,395 (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.