199 Richmond Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $518,800 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 0-499 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient heat pump heating via electric
Description
Situated in "Studio on Richmond", this stunning 1 bedroom condo has been well maintained and is ready to move in and enjoy. This unit is freshly painted and features an open concept living room/dining room/kitchen with soaring 9 ceilings. The kitchen boasts quartz counters, subway tile backsplash, and an abundance of cupboards. Access the 75 sq. ft. balcony from the living room area. Frosted sliding glass doors from the bedroom into the main living area. The 4-pc bathroom can be accessed via the main living space and from the primary bedroom. A locker is included. Steps to public transit, restaurants, shopping, Entertainment District & Financial District, hospitals and more
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 199 Richmond Street W 1103, Toronto C01, ON M5V 0H4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $518,800 in Toronto, the legal minimum down payment is $26,880 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,851 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,851 also applies, bringing the total estimated land transfer taxes to $13,702.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
