$518,000

For sale

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#931 543 richmond st West, Toronto (Waterfront Communities) - Single Family for Sale

#931 543 richmond st West, Toronto (Waterfront Communities), Ontario, M5V1Y6

2 beds1 bath0 parking ft²

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For saleJust listed

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$830K

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#1611 1 Market Street, Toronto (Waterfront Communities), Ontario, M5E0A2

For saleJust listed

Today

$1.07M

#1611 1 Market Street, Toronto (Waterfront Communities), Ontario, M5E0A2

3 bd2 ba1 pk1,100 ft²+$909/mo

Listed by ROYAL LEPAGE SIGNATURE REALTY

Investment analysis

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$518,000

Toronto

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$422/mo condo fee

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $518,000, it is attractively priced about 18% below the $629,900 median asking price in Toronto.

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

Description

543 Richmond Residences by Pemberton Group! Located at the Corner of Richmond and Portland, Right in the Heart of King West and Just Steps from The Entertainment District, Queen West and Minutes from The Financial District. Everything You Need Right Outside Your Door! Across the Street from Loblaws and LCBO, and Just Steps Away from Toronto's Best Restaurants. Amenities Include: Fitness Centre, Party Room, Outdoor Pool, Concierge. (id:66096)

Property Details

MLS®: C13707240
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, Electric
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $422/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Property Tax: $3,276.85/yr
Listed: 74 days ago

Rooms

Flat

Living room: 10.6 x 9.19 meters
Kitchen: 10.6 x 9.19 meters
Bedroom: 10.6 x 9.78 meters
Den: 9.78 x 6.59 meters

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

Features

Appliances: All, Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

74d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$943

List price

$518K

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

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Listed by HOME STANDARDS BRICKSTONE REALTY · JAMES NA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $518,000, about 5.7× the local median household income of $91,000.

Carrying it typically needs a household income of about $101,184 (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)

$518,000· $943/ft²

For sale

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Full Cost Breakdown

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Down Payment5.17% · $26,800.00

Min 5.17%50%

Mortgage payment$2,723/mo

↳ CMHC premium ($19,648 capitalized)

Property tax (est.)$273/mo

Condo fee$422/mo

Total monthly$3,419

Cash Needed to Close

Down payment (5.17%)$26,800

Land transfer tax$13,670

Est. closing costs$4,054

Total cash needed$44,524

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