255 Richmond Street, Unit 16, Toronto, ON
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Moss Park. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $479,000 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 500-599 sqft
- 0.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Radiant on Richmond! Welcome to Suite 1416 at Space Lofts, a bright one-bedroom perched on the 14th floor with a completely unobstructed south view of the downtown skyline. Floor-to-ceiling windows pull light across the open-concept living space all day long, framed by the exposed concrete and clean loft lines this Triloft building has been loved for. Updated floors run throughout, and a full set of new appliances means the big purchases are already done. The layout lives larger than its footprint: a proper bedroom, a functional kitchen open to the living area, and a wall of glass that turns the city into your artwork. Space Lofts backs it up with a gym, sauna, party room, guest suite, visitor parking and bike storage. Out the front door you are steps to St. Lawrence Market, the King East Design District, the Distillery District, and every streetcar you could need, with the future Ontario Line station one block away. First-time buyers, pied-à-terre hunters and investors: this is the south-facing loft view everyone asks for, at the quiet east end of downtown.
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Property Summary
This condo apartment located at 255 Richmond Street, Toronto is currently for sale and has been available on SousaSells for 10 days. This property is listed at $479,000 with an estimated mortgage of $1,594* per month. It has 1 bed, 1 bathroom, and is 500-599 square feet. 255 Richmond Street, Toronto is in the Moss Park neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Moss Park, Toronto.
- •1 spacious bedroom layout offering versatile living space
- •1 well-appointed bathroom
- •500-599 sqft of generous functional square footage
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 255 Richmond Street, Unit 16, Toronto, ON
Q.What is the asking price for 255 Richmond Street, Unit 16, Toronto, ON ?
The current listing price for 255 Richmond Street, Unit 16, Toronto, ON in Moss Park, Toronto is $479,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 1 bedroom and 1 bathroom across approximately 500-599 sqft.
Q.What property type and architectural style is 255 Richmond Street, Unit 16, Toronto, ON ?
255 Richmond Street, Unit 16, Toronto, ON is a Condo Apartment (Apartment) featuring a None basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 0.0 vehicle (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 255 Richmond Street E 1416, Toronto, ON M5A 4T7
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 $479,000 in Toronto, the legal minimum down payment is $23,950 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 $6,055 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,055 also applies, bringing the total estimated land transfer taxes to $12,110.
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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.