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418 - 199 Richmond Street, Toronto, ON 12 photos

$575,000

Active
418 - 199 Richmond Street, Toronto, ON· Waterfront Communities C1
1+1
Bedrooms
2
Bathrooms
700-799
Sq Ft
1
Underground Parking

About this Property

  • Parking and a locker are included, adding real value in this prime location

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!

Listed by RIGHT AT HOME REALTY · MLS# C13124866

Features & Details

Property details of 418 - 199 Richmond Street, Toronto, ON

Property TypeCondo Apartment
StyleApartment
Size700-799 sq ft
Total Parking1

Mortgage Calculator

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Mortgage Payment$2,825/monthly
Principal54%
Interest46%
Principal Amount$460,000
Interest$387,441
Total Payable$847,441
Amortization25 years

* Estimate only. Consult a mortgage broker for accurate figures.

Cash Flow Analysis

Mortgage payment$2,825
Mortgage + Expenses$2,825
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Monthly Cash Flow-$2,825

* Estimate only. Consult a mortgage broker for accurate figures.

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Akash Sharma

Akash Sharma

REALTOR® · Ali Realty Group Inc.

Ottawa's trusted real estate partner with 170+ successful transactions and $30M+ in sales.

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