199 Richmond Street 418
Waterfront Communities C1, Toronto, M5V 0H4
FOR SALE
$575,000
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BEDROOMS2
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Property Description
Check out the 3D interactive virtual tour! This suite is currently tenanted at $2750/ month, and offers built-in income for buyers seeking a turnkey investment or a flexible downtown residence with strong rental appeal. In a market filled with one-bedroom-plus-den listings, this suite stands apart. Located in the sought-after Studio on Richmond by Aspen Ridge Homes, it is one of the few downtown buildings that allows short-term rentals within condo guidelines - an advantage that expands options for both investors and end users.The 724 square foot layout is exceptionally functional, with an enclosed den featuring sliding doors that can serve as a second bedroom or private office, and two full bathrooms ideal for shared living or hosting. The kitchen is streamlined along one wall with built-in Miele appliances, a panelled fridge and dishwasher, and generous space for dining and living. Nearly nine foot ceilings and floor-to-ceiling windows fill the suite with natural light, while a full-width covered balcony remains private and usable year-round. The primary bedroom includes a double closet, and a pantry-style closet off the living area keeps clutter out of sight. Parking and a locker are included, adding real value in this prime location. Outside your door, Osgoode Station is only minutes away. Queen and King West, Roy Thomson Hall, Rogers Centre, and many of Toronto's top restaurants are within easy reach. When you want calm, enjoy the building's resort-style amenities, including a green second-floor terrace, rooftop BBQs, gym, yoga studio, billiards lounge, party rooms, and lightning-fast FibreStream Internet. This is a revenue-smart opportunity in one of downtown Toronto's most vibrant and desirable neighbourhoods.Book your private showing today!
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2021-06-17 | 2021-06-24 | 7 | $785,000 | $760,000 |
| 2018-10-18 | 2018-10-21 | 3 | $669,900 | $705,000 |
Nearby Intersections
Property Features
Arts Centre, Hospital, Park, Public Transit, Carpet Free, Ensuite, Concierge/Security
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Property Details
Address
199 Richmond Street 418
Community
City
Postal Code
M5V 0H4
Property Type
Condo Apartment, Condo Apartment
Taxes
$2,609 (2025
Basement
None
Heat Type
Forced Air
Heat Source
Gas
Parking 1
Owned
Garage Type
Underground
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Listing contracted with Right At Home Realty
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