687 Richmond Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey att/row/townhouse located in the coveted neighborhood of Niagara. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,295,000 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 700-1100 sqft on a premium 17 x 82 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 687 Richmond St., a beautifully updated home located in the heart of downtown Toronto. This move-in-ready property features 2 bedrooms, 1 full bathroom, and a convenient main floor 2-piece powder room, offering a functional layout ideal for modern city living. The bright open-concept kitchen and living area create an inviting space perfect for entertaining or everyday comfort. Patio doors lead to a generously sized rear patio, creating an ideal outdoor space for relaxing, dining or hosting guests. The home also included all brand-new appliances with a 1 year warranty for added peace of mind .A separate rear entrance provides direct access to the full unfinished basement, offering excellent potential for additional living space. The property also features shared mutual lane access at the rear with potential for future parking pad. Situated in a prime downtown location with easy access to transit, parks, restaurants, shopping, entertainment, and all amenities. An excellent opportunity for professionals, couples or young families looking to enjoy the convenience and lifestyle of downtown Toronto living.
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Pricing & Value Insights
Data-driven valuation for 687 Richmond Street W, Toronto C01, ON M6J 1C4
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 $1,295,000 in Toronto, the legal minimum down payment is $259,000 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 $22,375 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $22,375 also applies, bringing the total estimated land transfer taxes to $44,750.
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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.
