40 Homewood — Rental Market Data

40 Homewood lists two active units as of August 31, 2026, with asking rents ranging from $1,750 to $2,250 per month, an average of $2,000 per month, and a median of $2,000 per month. The two available suites average 475 square feet at a combined asking rate of $4.23 per square foot, split evenly between one studio (400 sq ft) and one one-bedroom (550 sq ft). Inventory is balanced across entry-level and compact one-bedroom tiers rather than skewing toward multi-bedroom executive layouts, and both listings represent single-unit availability with no additional depth in either bedroom category.

The dominant active layout at 40 Homewood is the one-bedroom, with one unit representing 50 percent of available inventory at an average asking rent of $2,250 per month across 550 square feet at $4.09 per square foot. The studio tier also holds one unit at 50 percent share, asking $1,750 per month for 400 square feet at $4.38 per square foot. Both bedroom tiers are single-listing samples, so neither tier offers a comparative spread within the building, and renters should treat each as an individual transaction rather than a market-rate cluster.

40 Homewood's active asking rents span from $1,750 to $2,250 per month, a $500 spread representing 28.6 percent of the entry price point. The median asking rent sits at $2,000 per month, exactly midway between the two available units. The entry-level studio offers 400 square feet at $4.38 per square foot, while the peak one-bedroom provides 550 square feet at a more competitive $4.09 per square foot, meaning the larger suite delivers better value on a per-square-foot basis despite the higher nominal rent.

Active den premiums at 40 Homewood cannot be quantified, as no paired den versus non-den listings exist in the current two-unit inventory to isolate a marginal cost per square foot for additional den space. Verified parking data from closed leases indicates a $50 per month parking stall add-on, but the active listing sample is too small and contains anomalous outliers to reliably isolate a current parking premium, so renters should confirm parking costs directly with the leasing office before signing.

40 Homewood's active asking average of $2,000 per month at $4.23 per square foot undercuts the Cabbagetown submarket asking benchmark of $3,178 per month and $4.33 per square foot by 2.3 percent on a rate-per-square-foot basis. The nominal rent gap of roughly $1,178 per month is explained by suite sizing: 40 Homewood's active listings average 475 square feet versus the broader submarket's larger unit profiles, and the building's realized lease rate of $4.41 per square foot actually runs 4.3 percent above the submarket lease benchmark of $4.23 per square foot. The two available units at 40 Homewood represent 2 out of 106 active listings in the Cabbagetown submarket, a 1.9 percent share of total neighbourhood inventory.

40 Homewood's average realized lease rent of $1,913 per month sits $885 below the overall comp benchmark of $2,798, with all three active competitors pricing above the subject. Esprit A at 60 Homewood Ave (0.06 km, 1 closed lease) averaged $2,495 per month at $3.33 per square foot across 750 square feet; Celebrity Place at 77 Maitland Pl (0.12 km, 6 closed leases) averaged $3,198 per month at $3.78 per square foot across 848 square feet; and Esprit B at 15 Maitland Pl (0.14 km, 3 closed leases) averaged $2,700 per month at $3.14 per square foot across 860 square feet. La Verne at 134 Carlton Street (0.14 km) recorded zero closed leases over the trailing 180 days and therefore carries no realized rent benchmark for comparison.

40 Homewood's leased rate of $4.41 per square foot across an average 438-square-foot suite commands a premium over every active nearby competitor on a per-space basis, while the lower nominal monthly rent reflects a materially smaller interior footprint rather than weaker asset valuation. Against Esprit A, the subject commands a $1.08 per square foot (32.4%) premium while providing 312 fewer interior square feet; the subject trades at a $582 lower monthly rent, and that gap is driven by the footprint difference rather than a per-space discount. Celebrity Place shows a $0.63 per square foot (16.7%) premium for the subject, with 410 fewer square feet and the subject trading at a $1,285 lower monthly rent. Esprit B presents the widest per-square-foot gap at $1.27 (40.4%) in the subject's favour, with 422 fewer square feet and the subject trading at a $787 lower monthly rent. In every pairing, the nominal rent variance is a function of suite size, not a concession in per-space value.

40 Homewood offers a 15-feature lifestyle package including an indoor pool, sauna and steam room, gym, EV charging station, rooftop terrace, and dedicated change rooms, placing it well ahead of La Verne's single concierge-and-security offering but behind the sport-court-heavy profiles of Esprit A and Esprit B. The subject's EV charging station is absent from both Esprit A (60 Homewood Ave) and Esprit B (15 Maitland Pl), and its dedicated change rooms appear in none of the four comparables. Esprit A and Esprit B each add tennis, pickleball, squash, basketball, and running-track facilities that 40 Homewood does not carry, while Celebrity Place differentiates with an on-site convenience store and a dining room and kitchen. The building's package—pool, wellness suite, meeting and media rooms, rooftop terrace, and EV infrastructure without the competitive court-sport layer—best serves professionals and small households who prioritize aquatic recreation, remote-work flexibility, and low-maintenance urban living over dedicated court sports.