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Property Description
The best Downtown has to offer! In such an iconic and convenient location, a residence of this sophistication, stature and sheer size may never again exist. Nearly 5,000 "loft-like", voluminous interior square feet over 4.5 levels. Finally, a downtown residence that offers Forest Hill sized spaces. A huge victory at the CofA/Tlab allowed this house to be built taller, wider, deeper than any others in the area. 14-foot ceilings. Fully wheelchair accessible as elevator stops at every level including direct access to garage (6 stops)! Custom Italian kitchen and millwork. Custom steel staircase with warm illuminated floating oak treads. In-ceiling speakers with Sonos. Private drive with direct access to double garage. 1,000SF primary bedroom with tree top and CN Tower views and incredible custom closets plus spacious spa-like 5 piece bathroom. Formal second floor laundry room. Formal living room with gas fireplace, wet bar and private terrace. Full height lower level with room for home theater, spa, gym, play area or games room. A formal junior primary bedroom with ensuite bath and balcony. A modern Chef's kitchen with massive island and comfortable seating for 5. High-end appliances built-in including full height refrigeration columns + 78-bottle wine cellar, espresso machine and speed oven. Dining room capable of a table for 10-12 guests. Full sized, fully fenced South facing yard with gas bbq hookup. House has been wired for security including cameras. This is a once in a lifetime chance to live in comfort and style in Downtown's best location. Why look at a condo when "Land is King" and this property has it all! Walk in any direction to the City's top restaurants, theaters, parks, entertainment and shopping. Steps to Trinity-Bellwoods Park, Ossington, Queen West, King & Portland, King West, the Financial and Fashion Districts, the Gardiner, the Lake and Porter Air!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-09-16 | 2024-12-11 | 86 | $4,995,000 | - | Terminated |
2024-06-13 | 2024-09-16 | 95 | $5,100,000 | - | Terminated |
Property Features
Arts Centre, Clear View, Fenced Yard, Park, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Detached, 3-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
25' x 91'
Fronting
South
Taxes
$6,743 (2023)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Elevator
Yes
Parking Spaces
1
Driveway
Private
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Foyer | Main | 6.40' x 12.63' | Large Closet, 2 Pc Bath, Elevator |
Kitchen | Main | 20.01' x 10.01' | Hardwood Floor, B/I Appliances, Family Size Kitchen |
Dining | Main | 20.01' x 10.01' | Hardwood Floor, Built-In Speakers, W/O To Garden |
Family | In Betwn | 18.70' x 15.81' | W/O To Balcony, Gas Fireplace, Wet Bar |
2nd Br | 2nd | 10.01' x 17.72' | Hardwood Floor, 3 Pc Ensuite, W/O To Patio |
3rd Br | 2nd | 10.01' x 14.01' | Hardwood Floor, Large Closet, Large Window |
4th Br | 2nd | 10.01' x 10.70' | Hardwood Floor, Large Window, South View |
Laundry | 2nd | 10.99' x 7.61' | Hardwood Floor, Formal Rm, B/I Closet |
Prim Bdrm | 3rd | 19.03' x 16.99' | Hardwood Floor, W/I Closet, 5 Pc Ensuite |
Other | 3rd | 20.01' x 9.81' | W/O To Sundeck, South View, Se View |
Rec | Lower | 13.88' x 16.99' | Hardwood Floor, Built-In Speakers, 4 Pc Bath |
Media/Ent | Lower | 16.99' x 21.69' | Hardwood Floor, Built-In Speakers, Elevator |
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Toronto Market Statistics
Toronto Price Trend
697 Richmond St W is a 4-bedroom 5-bathroom home listed for sale at $4,695,000, which is $2,808,034 (148.8%) higher than the average sold price of $1,886,966 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 4 bedroom home in Toronto declined by $36,543 (1.9%) compared to the previous 30 day period (October 18 - November 16) and down $104,819 (5.3%) from the same time one year ago.Inventory Change
There were 282 4-bedroom homes listed in Toronto over the last 30 days (November 17 - December 16), which is down 52.5% compared with the previous 30 day period (October 18 - November 16) and up 25.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Toronto typically sold ($37,812) (2.0%) below asking price over the last 30 days (November 17 - December 16), which represents a $3,382 increase compared to the previous 30 day period (October 18 - November 16) and ($81,972) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Toronto over the last 30 days (November 17 - December 16) stood at 74.5%, up from 48.3% over the previous 30 days (October 18 - November 16) and down from 83.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Toronto stood at 30 days when successfully sold over the last 30 days (November 17 - December 16), compared to 62 days before being removed from the market upon being suspended or terminated.Listing contracted with Harvey Kalles Real Estate Ltd.
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