46 days on Market

199 Richmond St #518, Toronto, Ontario M5V 0H4

In the same building:
-
Condo
1 + 1
2
~700-799 sqft
$•••,•••
$599,000
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Condo
1 + 1
2
~700-799 sqft

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Highlights

Property Estimate

Days on market46 days

Estimated valueNot available

Price/Sqft$802/sqft

Monthly cost

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+65

Properties sold*

$670K

Median sold price*

*Based on last 30 days

Description

In a downtown market crowded with just another one-bedroom-plus-den, this suite stands apart. 199 Richmond St W is one of the rare buildings where short-term rentals are permitted within condo guidelines -- an option that changes the math for investors and anyone who values flexibility in the Entertainment District, where the event calendar never stops. This unit packs a lot into 724 sq ft: a fully enclosed den with sliding doors functions as a real second bedroom or quiet office, and two full bathrooms make shared living, hosting, or maximizing nightly rental rates practical. The kitchen is streamlined along one wall with built-in Miele appliances and a panelled fridge and dishwasher, leaving true space for living and dining; nearly nine-foot ceilings and a wall of windows open it up, and a covered, full-width balcony stays private and usable year-round. The primary bedroom offers natural light and a double closet. A pantry-style closet off the living area helps keep everyday clutter in check. Parking and a locker are included -- serious value in this location. Outside, Osgoode Station is minutes away; Queen and King West, Roy Thomson Hall, Rogers Centre, and standout restaurants are an easy walk. When you want calm, the building's green second-floor terrace, rooftop BBQs, gym, yoga studio, billiards lounge, and party rooms feel like real extensions of home. Here, your monthly fees deliver more: parking, storage, premium amenities, and the freedom to generate income in ways most downtown condos don't allow. For investors, professionals, or parents looking for a turnkey condo with strong rental potential, this is a rare opportunity to secure a revenue-smart home in the heart of the city. What makes this listing even more compelling? It's priced well below the average price-per-square-foot for both the building and the neighbourhood -- real value in today's market, with added upside for savvy buyers ready to ride the next upswing.


Property Details

StyleApartment
View-
Age of property-
SqFt~700-799 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberC12352078
Community NameEntertainment District
Data SourceTRREB
Listing byBSPOKE REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air

Flat Floor

Living

5.7 x 3.8

Combined W/Dining / W/O To Balcony / Laminate

Kitchen

5.7 x 3.8

Combined W/Kitchen / Combined W/Dining / B/I Appliances

Primary

2.7 x 3.0

3 Pc Ensuite / Double Closet / Large Window

Den

2.9 x 2.3

Laminate / Sliding Doors


Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


5Story
Elevator
Inclusions
Hydro
Water
Parking
Cable
Heat

Market Data - Entertainment District

Geo Zone Map ThumbnailEntertainment District

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

44 days

Compared to

2024

40 days

2023

25 days

2022

30 days

New Listings

Past 30 days

258 listings

Compared to

2024

301 listings

2023

258 listings

2022

186 listings

Units sold

Past 30 days

62 units

Compared to

2024

65 units

2023

53 units

2022

56 units

Median Sold Price

Past 30 days

$594,000

Compared to

2024

$670,000

2023

$770,000

2022

$676,500


Population and Demographics

Overview

Total population 32132
Average household income $172,021

Age (%)

0 to 19
7%
20 to 34
57%
35 to 49
22%
50 to 64
9%
65 and plus
5%

Household composition (%)

Single person
57%
Single family
32%
Multi person
11%
Multi family
0%

Mother tongue (%)

English
63%
Mandarin
10%
Yue (Cantonese)
4%
Spanish
3%
French
3%
Russian
2%
Arabic
2%
Hindi
2%
Korean
1%
Iranian Persian
1%
Others
1%

House tenancy (%)

Renters
61%
Owners
39%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget