$488,500

For sale

#513 199 Richmond Street West, Toronto (Waterfront Communities) - Single Family for Sale

#513 199 Richmond Street West, Toronto (Waterfront Communities), Ontario, M5V0H4

1 bed1 bath0 parking550 ft²$641/mo condo feeListed 165 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $488,500, it is attractively priced about 22% below the $629,900 median asking price in Toronto.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Urban Luxury at Studio Condos on Richmond. Welcome to this lovely 1 Bed, 1 Bath suite in the Heart of Downtown Toronto. Perfectly situated where the Entertainment District meets the Financial District, this suite offers a sophisticated retreat with every urban convenience at your doorstep. The Suite Features: Modern Aesthetics: 9-foot ceilings and laminate flooring throughout. Chef's Kitchen: Upgraded with quartz countertops, an undermount sink, valence lighting, and a tiled backsplash. Also featuring built-in appliances and ample cabinetry. Designer Bath: A spa-like 4-piece bathroom boasting porcelain tiles and a classic subway tile tub surround. Light & Space: Floor-to-ceiling windows flood the unit with natural light. Includes a spacious bedroom with a double closet. Unbeatable Location:Located in the vibrant core of Toronto, you are steps away from: Transit: Quick walk to Osgoode and St. Andrew Subway Stations. Work: Easy access to the Financial District and major Hospitals. Culture: Surrounded by the Art Gallery of Ontario (AGO), Four Seasons Centre for the Performing Arts, and Osgoode Hall. Lifestyle: The city's best fine dining, the Entertainment District, and top-tier universities are all within walking distance. (id:66096)

Property Details

MLS®: C13168668
Property Type: Single Family
Zoning: I2 D7
Bedrooms: 1
Beds (above / below): 1 above · 0 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: $641/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,861.93/yr
Listed: 165 days ago

Rooms

Main level

Living room: 5.73 x 4.08 meters
Dining room: 5.73 x 4.08 meters
Kitchen: 5.73 x 4.08 meters
Primary Bedroom: 2.98 x 3.04 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, Stove, Oven, Dryer, Cooktop, Window Coverings
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

165d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$889

List price

$489K

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 (Waterfront Communities) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Set a price alert Book a showing

Listed by VANGUARD REALTY BROKERAGE CORP. · CARLO LAVALLE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $488,500, about 5.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $95,421 (20% down, 25-yr amortization, stress-tested) — roughly 5% 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)

$488,500· $889/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $24,425

Min 5%50%

Mortgage payment$2,573/mo

↳ CMHC premium ($18,563 capitalized)

Property tax (est.)$238/mo

Condo fee$641/mo

Total monthly$3,453

Cash Needed to Close

Down payment (5%)$24,425

Land transfer tax$12,490

Est. closing costs$3,966

Total cash needed$40,881

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator