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    Toronto / Downtown / Queen West

    318 - 199 Richmond St W

    For SaleStudio on Richmond
    $659,000
    Price Cut: $688,900
    1 Bed + 1
    2 Bath
    0 Parking
    714 SQFT
    43 Days on Strata
    Est Sell Timeframe
    22 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $724/mth
    Taxes:
    $3,290 (2024)
    Cost Per Sqft:
    $923/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    North
    Possession Date:
    Nov 1 , 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Combined with Dining, Walkout To Balcony
    18.11 x 11.09ft
    Dining
    Laminate, Combined with Living, Windows Floor to Ceiling
    18.11 x 11.09ft
    Kitchen
    Laminate, Combined with Dining, Open Concept
    18.11 x 11.09ft

    About this Listing

    Exceptional 1+ Den Residence in the Heart of Toronto! This extraordinary 1+ den residence offers a seamless blend of style and functionality, making it the perfect urban oasis. The spacious DEN is ideal for those seeking flexibility easily transform it into a cozy SECOND BEDROOM, accommodating guests or creating a dedicated home office.Step inside to discover a bright, open-concept layout that maximizes space and natural light. The modern kitchen flows effortlessly into the living area, creating an inviting atmosphere perfect for both relaxation and entertaining. Enjoy your morning coffee or unwind after a busy day on your expansive balcony, where you can soak in the vibrant city views.With two full bathrooms, this condo ensures comfort and convenience for you and your guests. Located just steps from world-class shopping, dining, and entertainment, youll have the best of Toronto at your fingertips. Dont miss the chance to experience city living at its finest this remarkable space is waiting to be your new home!

    Extras**Den could be a second bed** Right next to Osgoode Subway, Queen Streets eclectic shopping scene, the bustling Eaton Centre, the historic Royal Alex Theatre, and an array of dining options that cater to every one.

    forest hill real estate inc.MLS® #C9392594

    Amenities

    Rooftop Deck
    Party Room
    Sauna
    Gym Room
    Concierge
    Games Room

    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    18,483
    Average Individual Income
    $71,628
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $108,396
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    43%
    Semi Detached
    25%
    Detached
    24%
    Low Rise Apartment
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    Studio on Richmond vs The Queen West Area

    Building Trends At Studio on Richmond

    Days on Strata

    Units at Studio on Richmond spend an average of
    40
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Queen West

    Turnover of Units

    On average, each unit is owned for
    6.2
    YEARS before being sold again

    Property Value

    -12%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    10
    Units were Sold over the past twelve months

    Rented Units

    53
    Units were Rented over the past twelve months

    Best Value Rank

    Studio on Richmond offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    Studio on Richmond has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    Studio on Richmond yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    Studio on Richmond is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 199 Richmond Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$498,000$515,000 - $558,000$630,000$784,000No Data$820,000No Data
    Avg. Cost Per Sqft$1,162$1,075$955$857No Data$899No Data
    Avg. Wait for Unit Availability913 Days64 Days59 Days129 Days195 Days465 DaysNo Data
    Ratio of Units in Building3%35%32%19%9%4%2%

    Transactions vs Inventory

    Total number of units listed and sold in Queen West