Wow! Large, bright 1 bedroom condo with generous living and dining space and 18ft west facing balcony. Full size kitchen with lots of cupboards and storage. Full, large 4 piece bathroom. Condo has many large closets for storage. Large 12.3 x 8.9 ft bedroom with a double closets and floor to ceiling windows. Separate, owned locker for extra storage is included. Underground parking also included as a rental if desired. Condo includes ALL utilities - Heat, Hydro, Water, Bell Fibe Internet & Crave TV! 40 Homewood Ave. is a sought after building for location, value and community. A real community loved by its residence - just ask them. Close to all amenities, TTC, Subway, shops, groceries, parks etc... This is the one. Floor plans attached.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $778 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 40 Homewood Ave #807
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
500-599 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
40 Homewood Ave #807 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,911
/mo
based on the purchase price of $389,000
$77,800 cash
$311,200 financed
$262,112 total interest
Principal54%$311,200
Interest46%$262,112
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Toronto
Other 1–3 bed homes for sale in Toronto around $389K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4987.8%On average, homes sold at or above asking.
Active listings12,455Homes for sale here right now.
Median vs prior 90 days0.0%Compared with Apr 29 – Jul 28, 2026.
Based on 9,511 sales from Jul 28 – Oct 26, 2026 (6,903 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
3 for sale · 1 for rent at 40 Homewood Ave — plus its sale and lease history.
40 Homewood Ave #807 is listed at $389,000 (MLS® C14117220). Summitly updates the price as soon as the MLS® record changes.
Is $389,000 a good price for 40 Homewood Ave #807?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 40 Homewood Ave #807 changed?
No — 40 Homewood Ave #807 is still listed at its original asking price of $389,000.
How many bedrooms and bathrooms does 40 Homewood Ave #807 have?
40 Homewood Ave #807 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 40 Homewood Ave #807 close to transit?
The nearest rapid-transit station is Wellesley Station (Line 1), about 680 m (about a 9-minute walk) in a straight line. College Station is about 710 m (about a 9-minute walk), and Sherbourne Station is about 900 m (about a 11-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 40 Homewood Ave #807?
About $1,911 a month — principal and interest on $389,000 with 20% down ($77,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 40 Homewood Ave #807 compare with other homes in Toronto?
Its asking price of $389,000 is about 54% below the median sold price in Toronto over the last 90 days, $840,000, across 9,511 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 40 Homewood Ave #807 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 40 Homewood Ave #807 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 40 Homewood Ave #807?
40 Homewood Ave #807 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 40 Homewood Ave #807 been on the market?
40 Homewood Ave #807 was listed today (October 26, 2026).
What is the price per square foot of 40 Homewood Ave #807?
About $649 to $778 per square foot: the asking price of $389,000 over the 500–599 sq ft the listing gives as its size range.
Does 40 Homewood Ave #807 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
