$578,000

$599,000For salePrice drop↓ $21,000 (4%)

#420 15 Richardson Street, Toronto (Waterfront Communities) - Single Family for Sale

#420 15 Richardson Street, Toronto (Waterfront Communities), Ontario, M5A0Y5

2 beds1 bath0 parking550 ft²$372/mo condo feeListed 50 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $578,000, it is attractively priced about 8% below the $629,900 median asking price in Toronto. It has been on the market 50 days, fresher than the Toronto average of 57 days.

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Description

A beautifully appointed residence in Toronto's sought-after East Bayfront community. This bright and stylish suite offers a perfect blend of modern design, comfort and convenience.The open-concept living and dining area is filled with natural light and features warm wood-tone flooring, creating an inviting space for both relaxing and entertaining. The contemporary kitchen is thoughtfully designed with sleek cabinetry, modern appliances and ample storage.The spacious bedroom provides a peaceful retreat with excellent natural light and generous closet space. The modern bathroom features a clean, sophisticated design and glass-enclosed walk-in shower, while in-suite laundry adds everyday convenience. A standout feature is the balcony, offering the perfect place for morning coffee, dining outdoors or unwinding while enjoying the vibrant city surroundings. Residents of Empire Quay House enjoy an impressive array of amenities, including a fitness centre, yoga and meditation spaces, co-working/study areas, social and party rooms, outdoor terraces with BBQ areas, concierge service, bike storage and a dedicated pet area.Located just steps from the waterfront, enjoy easy access to Sugar Beach, waterfront trails, St. Lawrence Market and the Distillery District, with restaurants, cafés, shopping, transit and Toronto's downtown core all close by. A beautifully designed home in an exceptional location - experience the best of modern waterfront living. (id:66096)

Property Details

MLS®: C13794752
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $372/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Listed: 50 days ago

Rooms

Flat

Kitchen: 2.74 x 1.22 meters
Living room: 5.18 x 3.35 meters
Bedroom: 3.66 x 3.35 meters
Den: 2.74 x 2.74 meters
Bathroom: 2.44 x 1.52 meters

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

Features

Exterior: Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,052

List price

$578K

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 50 days, which is 7 days fresher than the city average of 57. Act while there is still low competition.

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Listed by REAL BROKER ONTARIO LTD. · CINDY MOUAWAD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5A)

This home lists at $578,000, about 8.1× the local median household income of $71,000.

Carrying it typically needs a household income of about $112,904 (20% down, 25-yr amortization, stress-tested) — roughly 59% above the area median.

Median household income: $71,000
Population: 48,978
Median age: 36.4
Owner / renter: 35% / 65%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA M5A)

$578,000· $1,052/ft²

For sale

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Full Cost Breakdown

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Down Payment5.67% · $32,800

Min 5.67%50%

Mortgage payment$3,023/mo

↳ CMHC premium ($21,808 capitalized)

Est. property tax$0/mo

Condo fee$372/mo

Total monthly$3,394

Cash Needed to Close

Down payment (5.67%)$32,800

Land transfer tax$16,070

Est. closing costs$4,234

Total cash needed$53,104

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