$539,000

For saleJust listed

#423 505 Richmond Street West, Toronto (Trinity-Bellwoods) - Single Family for Sale

#423 505 Richmond Street West, Toronto (Trinity-Bellwoods), Ontario, M5V0P4

1 bed1 bath0 parking250 ft²$472/mo condo feeListed Yesterday

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $539,000, it is attractively priced about 23% below the $699,000 median asking price in Toronto. It has been on the market 1 day, fresher than the Toronto average of 49 days.

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Description

Stylish and functional 1-bed, 1-bath open-concept layout featuring soaring 10-foot ceilings and a sleek linear kitchen complete with a built-in pantry, an oversized central island, and a breakfast bar. Step out from the bright living space directly onto your private balcony for seamless indoor-outdoor flow. Exceptionally designed with zero wasted space, featuring a convenient double closet at the entry, ensuite laundry, a dedicated bedroom with a custom closet, and the ultimate flexibility of parking options available to rent within the building. Experience the premier WaterWorks lifestyle with world-class amenities, the Food Hall, and the YMCA right at your doorstep! Ultimate convenience of parking options available to rent right within the building when needed. (id:66096)

Property Details

MLS®: C14144214
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $472/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $2,432.38/yr
Listed: Yesterday

Rooms

Main level

Bedroom
Bathroom
Laundry room
Eating area

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, Microwave, Cooktop, Window Coverings
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Trinity-Bellwoods) listings, avg age

49d

Price / ft²

$2,160

List price

$539K

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 1-bed single family in Toronto (Trinity-Bellwoods) has been listed for 1 day, which is 48 days fresher than the city average of 49. Act while there is still low competition.

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Listed by VIP REALTY GROUP INC. · JENNIFER SEAH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $539,000, about 5.9× the local median household income of $91,000.

Carrying it typically needs a household income of about $105,286 (20% down, 25-yr amortization, stress-tested) — roughly 16% 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)

$539,000· $2,160/ft²

For sale

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Full Cost Breakdown

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Down Payment5.36% · $28,900

Min 5.36%50%

Mortgage payment$2,828/mo

↳ CMHC premium ($20,404 capitalized)

Property tax (est.)$203/mo

Condo fee$472/mo

Total monthly$3,503

Cash Needed to Close

Down payment (5.36%)$28,900

Land transfer tax$14,510

Est. closing costs$4,117

Total cash needed$47,527

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