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518 - 199 Richmond Street W Toronto, Ontario M5V 0H4

2 Bedroom 2 Bathroom 700 - 799 ft2
Central Air Conditioning Forced Air

$599,000

Maintenance, Heat, Common Area Maintenance, Parking, Insurance

$920.52 Monthly

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. (id:51158)

Property Details

MLS® Number C12352078
Property Type Single Family
Community Name Waterfront Communities C1
Amenities Near By Hospital, Public Transit, Schools
Community Features Pet Restrictions
Features Balcony, Carpet Free
Parking Space Total 1

Building

Bathroom Total 2
Bedrooms Above Ground 1
Bedrooms Below Ground 1
Bedrooms Total 2
Amenities Storage - Locker
Appliances Oven - Built-in, Range, All, Cooktop, Dishwasher, Dryer, Microwave, Oven, Washer, Window Coverings, Refrigerator
Cooling Type Central Air Conditioning
Exterior Finish Concrete
Flooring Type Laminate
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 700 - 799 Ft2
Type Apartment

Parking

Underground
Garage

Land

Acreage No
Land Amenities Hospital, Public Transit, Schools

Rooms

Level Type Dimensions
Flat Living Room 5.7 m x 3.8 m
Flat Kitchen 5.7 m x 3.8 m
Flat Primary Bedroom 2.7 m x 3 m
Flat Den 2.9 m x 2.3 m

https://www.realtor.ca/real-estate/28749546/518-199-richmond-street-w-toronto-waterfront-communities-waterfront-communities-c1

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