388 Richmond Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey 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 $998,000 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 1000-1199 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient heat pump heating via gas
Description
Modern 2-level condo (7th + 8th floor) w/ 2-bedroom and 2-bathroom in highly sought-after District Lofts. Unobstructed north view of the city skyline! Bright & spacious open-concept layout with floor-to-ceiling windows, granite counters, stainless steel appliances, and a private terrace. Includes a parking and a locker! Located in one of Toronto's most vibrant neighborhoods with a walk score of 99/100! Steps from trendy boutiques, art galleries and a variety of restaurants. Enjoy nearby green spaces and the convenience of easy access to public transit, major highways, and the Entertainment District, home to theaters, sports venues, and nightlife. Perfect for those seeking the best of city living!
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 388 Richmond Street W 722, Toronto C01, ON M5V 3P1
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 $998,000 in Toronto, the legal minimum down payment is $74,800 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 $16,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,435 also applies, bringing the total estimated land transfer taxes to $32,870.
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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.