Condo for sale at 318-199 Richmond Street, Toronto, Ontario, M5V 0H4 - Waterfront Communities C1 - MLS: C12291683

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318-199 Richmond Street

Toronto, Ontario, M5V 0H4 - Waterfront Communities C1

$499,000

Neighbourhood

Waterfront Communities C1
Major Intersection

Richmond St W & University

Listed Since: 26 day(s)
Last update: today

Overview

Property Type

Condo Apt, Apartment
Bedrooms

1 + 1
Bathrooms

2
Square Feet

700-799
Exposure

North
Total Parking

n/a
Maintenance

$803
Taxes

$2,980.89 (2024)
Balcony

Open

Property Description

Property description for 318-199 Richmond Street, Toronto

Downtown luxury meets investment potential this 1+den with two baths, Miele kitchen, and city-view balcony is steps from Torontos best dining, shopping, and entertainment, and is Airbnb-friendly with an AAA tenant in place until 2026.This stunning 1+den at 199 Richmond Street delivers style, comfort, and unbeatable location in the heart of downtown Toronto. Featuring a bright open layout with floor-to-ceiling windows, modern kitchen with Miele appliances, two full bathrooms, and an expansive balcony with vibrant city views, its perfect for both living and entertaining. The spacious den can easily function as a second bedroom or home office. Steps from world-class dining, shopping, entertainment, major teaching hospitals, University of Toronto, Union Station, and the Royal Alexandra Theatre. Currently leased to an AAA tenant until Feb 1, 2026, with building approval for short-term rentals and Airbnb, this is an exceptional opportunity for investors or end users seeking the ultimate urban lifestyle.

Listed by FOREST HILL REAL ESTATE INC.

Property details

MLS #

C12291683
Sq. Ft

700-799
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

None
Parking Type

None
Locker

Owned
Pets Permitted

Restrict
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

n/a
Property Management

Icc Property Management
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

C12291683
Sq. Ft

700-799
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

None
Parking Type

None
Locker

Owned
Pets Permitted

Restrict
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

n/a
Property Management

Icc Property Management
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Living

5.52 x 3.38 ft Main level

Laminate, Combined W/Dining, Balcony
Dining

5.52 x 3.38 ft Main level

Laminate, Combined W/Living, Window Flr to Ceil
Kitchen

5.52 x 3.38 ft Main level

Laminate, Combined W/Dining, Open Concept
Primary

2.77 x 2.78 ft Main level

Laminate, 4 Pc Bath

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 318-199 Richmond Street, Toronto

This property has been sold 14 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Neighbourhood Amenities & Points of Interest

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Local Real Estate Price Trends for Condo Apt in Waterfront Communities C1

Active listings

845

Average Selling Price of a Condo Apt

July 2025

$752,028

Last 3 Months

$754,582

Last 12 Months

$769,952

July 2024

$868,805

Last 3 Months LY

$811,338

Last 12 Months LY

$782,278

Change

-13%

Change

-7%

Change

-2%

Historical Average Selling Price of a Condo Apt in Waterfront Communities C1

Average Selling Price

3 years ago

$806,222

Average Selling Price

5 years ago

$734,095

Average Selling Price

10 years ago

$442,332

Change

-7%

Change

70%

Number of Condo Apt Sold

July 2025

106

Last 3 Months

108

Last 12 Months

109

July 2024

114

Last 3 Months LY

125

Last 12 Months LY

120

Change

-7%

Change

-14%

Change

-9%

How many days Condo Apt takes to sell (DOM)

July 2025

Last 3 Months

Last 12 Months

July 2024

Last 3 Months LY

Last 12 Months LY

Change

39%

Change

29%

Change

20%

Average Selling price

Inventory Graph

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First time home buyer

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.