Condo for sale at 518-199 Richmond Street, Toronto, Ontario, M5V 0H4 - Waterfront Communities C1 - MLS: C12352078

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518-199 Richmond Street

Toronto, Ontario, M5V 0H4 - Waterfront Communities C1

$629,000

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Neighbourhood

Waterfront Communities C1
Major Intersection

Richmond/University

Listed Since: 31 day(s)
Last update: today

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Overview

Property Type

Condo Apt, Apartment
Bedrooms

1 + 1
Bathrooms

2
Square Feet

700-799
Exposure

North
Total Parking

1 Underground Garage
Maintenance

$921
Taxes

$3,770.44 (2025)
Balcony

Open

Property Description

Property description for 518-199 Richmond Street, Toronto

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.

Listed by BSPOKE REALTY INC.

Property details

MLS #

C12352078
Sq. Ft

700-799
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Restrict
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Parking
Property Management

ICC Property Management Ltd. - (647) 347-4283
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

N

MLS #

C12352078
Sq. Ft

700-799
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Restrict
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Parking
Property Management

ICC Property Management Ltd. - (647) 347-4283
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

N

Living

5.7 x 3.8 ft Flat level

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

5.7 x 3.8 ft Flat level

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

2.7 x 3.0 ft Flat level

3 Pc Ensuite, Double Closet, Large Window
Den

2.9 x 2.3 ft Flat level

Laminate, Sliding Doors

Contact Manoj Kukreja

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

Property History

Property history for 518-199 Richmond Street, Toronto

This property has been sold 7 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

798

Average Selling Price of a Condo Apt

August 2025

$726,492

Last 3 Months

$736,449

Last 12 Months

$768,065

August 2024

$744,567

Last 3 Months LY

$800,925

Last 12 Months LY

$779,935

Change

-2%

Change

-8%

Change

-2%

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

Average Selling Price

3 years ago

$783,999

Average Selling Price

5 years ago

$785,903

Average Selling Price

10 years ago

$467,759

Change

-7%

Change

-8%

Change

55%

Number of Condo Apt Sold

August 2025

126

Last 3 Months

113

Last 12 Months

110

August 2024

115

Last 3 Months LY

114

Last 12 Months LY

120

Change

10%

Change

-1%

Change

-8%

How many days Condo Apt takes to sell (DOM)

August 2025

Last 3 Months

Last 12 Months

August 2024

Last 3 Months LY

Last 12 Months LY

Change

14%

Change

19%

Change

19%

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.