$599,000

For sale

#615 608 Richmond Street West, Toronto (Waterfront Communities) - Single Family for Sale

#615 608 Richmond Street West, Toronto (Waterfront Communities), Ontario, M5V1Y9

1 bed1 bath1 parking650 ft²$676/mo condo feeListed 13 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $599,000, it is attractively priced about 5% below the $629,900 median asking price in Toronto. It has been on the market 13 days, fresher than the Toronto average of 57 days.

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Description

Discover Upscale Urban Living In This 1-Bedroom Loft At The Harlowe | This Residence Features 9-Foot Exposed Concrete Ceilings, Floor-To-Ceiling Windows That Flood The Space With Natural Light, And High-Quality Engineered Hardwood Floors | The Euro-Style Kitchen Is Equipped With Quartz Countertops, A Glass Backsplash, A Gas Stove, And Premium Stainless Steel Appliances, Catering To Both Style And Functionality. Enjoy The Benefits Of An Unobstructed South-Facing Exposure, Providing A Bright And Inviting Atmosphere. Ideally Located In The Heart Of The Entertainment District, This Property Places You Within Walking Distance To The TTC, A Diverse Array Of Restaurants, Coffee Shops, And Boutiques Along King And Queen Street West. Locker & Parking Included. (id:66096)

Property Details

MLS®: C14108698
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Style: Loft
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $676/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,268.75/yr
Listed: 13 days ago

Rooms

Ground level

Living room: 5.72 x 3.58 meters
Dining room: 5.72 x 3.58 meters
Kitchen: 5.72 x 3.58 meters
Primary Bedroom: 3.3 x 2.64 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, Gas stove(s), Dishwasher, Dryer, Microwave, Hood Fan
Flooring: Hardwood
Exterior: Concrete, Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$922

List price

$599K

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) has been listed for 13 days, which is 44 days fresher than the city average of 57. Act while there is still low competition.

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Listed by RE/MAX KEY2 REAL ESTATE · GEETA RAJPAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $599,000, about 6.6× the local median household income of $91,000.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 29% 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)

$599,000· $922/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,900

Min 5.83%50%

Mortgage payment$3,127/mo

↳ CMHC premium ($22,564 capitalized)

Property tax (est.)$272/mo

Condo fee$676/mo

Total monthly$4,076

Cash Needed to Close

Down payment (5.83%)$34,900

Land transfer tax$16,910

Est. closing costs$4,297

Total cash needed$56,107

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