$579,000

For sale

#221 543 Richmond Street West, Toronto (Waterfront Communities) - Single Family for Sale

#221 543 Richmond Street West, Toronto (Waterfront Communities), Ontario, M5V1Y6

2 beds2 baths0 parking650 ft²$527/mo condo feeListed 42 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $579,000, it is attractively priced about 8% below the $629,900 median asking price in Toronto. It has been on the market 42 days, fresher than the Toronto average of 57 days.

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Description

Welcome To Urban Living Brand New Condo At Its Finest In The Heart Of Downtown Toronto! This Spacious 685 SQ FT And Stylish 1+Den, 2 Full Baths Condo, The den Is Generously Sized And Can Easily Serve As A Second Bedroom With Sliding Doors At 543 Richmond Offers Modern Comfort With A Functional Layout And West-facing Views. Rare 10 ft Ceilings in A Downtown Condo. Modern Kitchen With Stone Counter. Beautiful Glass Shower In Ensuite. Just Across the Street From Loblaws Grocery And Winners, Minutes From The Vibrant Entertainment District, Restaurants, Boutique Shops, Dog Parks, Queen St, TTC, Ideal Mix Of Convenience and Fun. Prime Location at 543 Richmond St W! Steps to King West, Queen West, restaurants, cafes, shopping and transit. Future Ontario Line King West Station nearby. Enjoy Top-Notch Amenities: 24-Hour Concierge, Free Visitor Parking, A State-Of-The-Art Fitness Center With Modern Equipment, A Stunning Lounge and Party Room, A Games Room, An Outdoor BBQ Terrace And Pool, As Well As A Rooftop Terrace Showcasing The City Skyline10Ft Smooth Ceilings, Wide Plank Laminate Flooring, Stainless Steel Kitchen Appliances, Quartz Counter Tops. (id:66096)

Property Details

MLS®: C13826860
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 650 ft²
Basement: Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $527/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,698/yr
Listed: 42 days ago

Rooms

Main level

Living room: 3.91 x 3.16 meters
Dining room: 3.91 x 3.16 meters
Kitchen: 3.2 x 3.12 meters
Primary Bedroom: 3.23 x 2.77 meters
Den: 2.7 x 2.5 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Oven, Dryer, Cooktop, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$891

List price

$579K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Toronto (Waterfront Communities) has been listed for 42 days, which is 15 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · ESTHER REW

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $579,000, about 6.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $113,099 (20% down, 25-yr amortization, stress-tested) — roughly 24% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$579,000· $891/ft²

For sale

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Full Cost Breakdown

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Down Payment5.68% · $32,900

Min 5.68%50%

Mortgage payment$3,028/mo

↳ CMHC premium ($21,844 capitalized)

Property tax (est.)$308/mo

Condo fee$527/mo

Total monthly$3,863

Cash Needed to Close

Down payment (5.68%)$32,900

Land transfer tax$16,110

Est. closing costs$4,237

Total cash needed$53,247

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