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$515,000

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#2310 199 Richmond Street West, Toronto (Waterfront Communities) - Single Family for Sale

#2310 199 Richmond Street West, Toronto (Waterfront Communities), Ontario, M5V0H4

2 beds1 bath1 parking650 ft²$864/mo condo feeListed 46 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $515,000, it is attractively priced about 18% below the $629,900 median asking price in Toronto. It has been on the market 46 days, fresher than the Toronto average of 57 days.

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Description

If a creative and culturally energetic environment is where you thrive, this modern 1-bedroom + den and parking is where you belong. What's even better, the convenience of living at The Studio on Richmond doesn't come at a lofty price. You can have it all - affordably. Located on the 23rd floor, this suite, with expansive windows, has an unobstructed view you'll never tire of. The unit is bright, white and move-in ready. Transit options are superb. You're also surrounded with some of the best amenities in the city. Pretty much everything you need is an easy walk away, so perfect for the professional who wants to be in the middle of it all. (id:66096)

Property Details

MLS®: C13809240
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Heat Pump, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $864/mo
Ownership: Condo/Strata
Property Tax: $3,808.14/yr
Listed: 46 days ago

Rooms

Flat

Living room: 4.96 x 2.51 meters
Dining room
Kitchen
Den: 2.93 x 2.51 meters
Bedroom: 2.95 x 2.82 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, Barbeque, Dishwasher, Stove, Oven, Dryer, Microwave, Cooktop, Garage door opener remote(s)
Flooring: Laminate
Foundation: Concrete
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

46d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$793

List price

$515K

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 46 days, which is 11 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · GARY TEHARA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $515,000, about 5.7× the local median household income of $91,000.

Carrying it typically needs a household income of about $100,598 (20% down, 25-yr amortization, stress-tested) — roughly 11% 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)

$515,000· $793/ft²

For sale

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Full Cost Breakdown

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Down Payment5.15% · $26,500.00

Min 5.15%50%

Mortgage payment$2,708/mo

↳ CMHC premium ($19,540 capitalized)

Property tax (est.)$317/mo

Condo fee$864/mo

Total monthly$3,890

Cash Needed to Close

Down payment (5.15%)$26,500

Land transfer tax$13,550

Est. closing costs$4,045

Total cash needed$44,095

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Open house

#2310 199 Richmond Street West, Toronto (Waterfront Communities) - Single Family for Sale

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M5V)

Book a showing

Full Cost Breakdown