500 Richmond Street, Toronto, ON

$699,000
MLS#:C12792468
2 beds
1 baths
900-999 sqft
1.0 parking
Residential Condo & Other
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey condo townhouse located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $699,000 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 1 Bathroom
  • Generous living space spanning 900-999 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Tucked into the heart of Toronto's Fashion District, this two-storey condo feels like a downtown townhouse in the sky. With just five floors in the building, there's no endless waiting for elevators, life here is easy. The main level is open and welcoming, with a modern kitchen featuring stainless steel appliances, granite counters, and an extended island that doubles as the perfect breakfast bar. The living and dining areas flow seamlessly, with a walkout to your private balcony for morning coffee or evening wind-downs. Upstairs, you'll find two bright bedrooms, each offering plenty of room and flexibility-whether for family, guests, or a quiet home office. The primary bedroom comfortably fits a king-sized bed and still leaves space to make it your own. A stylish four-piece bathroom completes the upper level. Cityscape Terrace is a well-loved, low-rise community that puts you within steps of everything, St. Andrews Park, Waterworks Food Hall, the Ace Hotel, and the brand new 57,000 sqft YMCA. Transit, King West, and the Financial District are all just a short walk away. With nearly 1,000 square feet of thoughtfully designed living space, Unit 331 offers a rare balance: the vibrancy of downtown living paired with the comfort of a true home. Select images have been enhanced with virtual staging.

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Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
900-999 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateFebruary 26, 2026
Sold price information is available to members only
Listed Date2/17/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Townhouse
Architectural Style2-Storey
ConstructionBrick, Stucco (Plaster)
BasementNone
CountyToronto
Annual Tax$3,649.78

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Hospital, Place Of Worship, Public Transit, Arts Centre, School, Library

Interior Features

Carpet Free

Security Features

Security System

Community Features

Location

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500 Richmond Street, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 500 Richmond Street W 331, Toronto C01, ON M5V 3N4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$44,900 (6.4%)
* Minimum Canadian down payment required for this price is $44,900.
Amortization Period25 Years
Estimated Monthly Payment$3,898Based on a loan of $654,100 over 25 years.
Purchase Price$699,000
Loan Amount$654,100
Provincial Land Transfer Tax:$10,455
Toronto Municipal Land Transfer Tax:$10,455
Total Estimated Closing Taxes:$20,910

About Purchasing a Home in Toronto, ON

For a property listed at $699,000 in Toronto, the legal minimum down payment is $44,900 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 $10,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $10,455 also applies, bringing the total estimated land transfer taxes to $20,910.

Nearby Listings

Distance:

No current listings found in Toronto.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Waterfront Communities C1, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$791,471

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Ogden
Public33 Phoebe Street, Toronto, Ontario, M5T 1A8
6.8
Jean Lumb
Public20 Brunel Court, Toronto, Ontario, M5V 3Y7
7.3
Bishop Macdonell
Public20 Brunel Court, Toronto, Ontario, M5V 3Y7
8.7
Ryerson
Public96 Denison Avenue, Toronto, Ontario, M5T 1E4
4.1
St Edward
PublicEdward Street, Toronto, Ontario, M5G 1E2
9.0

Secondary Schools

St. Mary’s
Catholic9 Portugal Square, Toronto, Ontario, M6J 2H2
4.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.