21 hours on Market

199 Richmond St #518, Toronto, Ontario M5V 0H4

In the same building:
-
Condo
1 + 1
2
~700-799 sqft
$629,000
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Condo
1 + 1
2
~700-799 sqft

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Highlights

Property Estimate

Days on market21 hours

Estimated valueNot available

Price/Sqft$843/sqft

Monthly cost

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CMA Subject Property

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+63

Properties sold*

$690K

Median sold price*

*Based on last 30 days

Description

In the heart of Toronto's Entertainment District, this unit combines prime downtown living with rare investment potential. This 1+den and 2 full bathroom condo allows legal short-term rentals (28-day minimum), giving you the freedom to offset carrying costs or create a high-demand furnished rental in one of the city's most connected locations. Steps to Osgoode Station, Queen West, King West, sports, concerts, theatres, and countless dining options. Inoside, 724 sq ft feels spacious with nearly 9-ft ceilings, a wall of windows, and a smart layout that puts the square footage where it counts: a fully enclosed den with sliding door that works as a private home office, guest room, or occasional second bedroom; two full baths for hosting ease and day-to-day convenience; and an extra pantry closet for streamlined living. The sleek, Eurpean-style kitchen features a built-in Miele oven and cooktop, paneled fridge, dishwasher, and microwave, all tucked neatly along one wall to maximize living and entertaining space. The full-sized primary bedroom offers a large window and double closet, while the large covered balcony provides a private, sheltered spot for fresh air, outdoor dining, or additional storage. Building amenities include a rooftop BBQ terrace, lush second-floor gardens, gym, yoga room, billiards, lounge, and party spaces. Parking and locker are included. A flexible, well-appointed home in a prime downtown location, perfect for end users and investors alike.


Property Details

StyleApartment
View-
Age of property-
SqFt~700-799 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberC12352078
Community NameEntertainment District
Data SourceTRREB
Listing byBSPOKE REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air

Flat Floor

Living

5.7 x 3.8

Combined W/Dining / W/O To Balcony / Laminate

Kitchen

5.7 x 3.8

Combined W/Kitchen / Combined W/Dining / B/I Appliances

Primary

2.7 x 3.0

3 Pc Ensuite / Double Closet / Large Window

Den

2.9 x 2.3

Laminate / Sliding Doors


Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


5Story
Elevator
Inclusions
Hydro
Water
Parking
Cable
Heat

Market Data - Entertainment District

Geo Zone Map ThumbnailEntertainment District

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

50 days

Compared to

2024

33 days

2023

22 days

2022

26 days

New Listings

Past 30 days

217 listings

Compared to

2024

276 listings

2023

197 listings

2022

166 listings

Units sold

Past 30 days

51 units

Compared to

2024

63 units

2023

74 units

2022

73 units

Median Sold Price

Past 30 days

$685,000

Compared to

2024

$690,000

2023

$790,000

2022

$750,000


Population and Demographics

Overview

Total population 32132
Average household income $172,021

Age (%)

0 to 19
7%
20 to 34
57%
35 to 49
22%
50 to 64
9%
65 and plus
5%

Household composition (%)

Single person
57%
Single family
32%
Multi person
11%
Multi family
0%

Mother tongue (%)

English
63%
Mandarin
10%
Yue (Cantonese)
4%
Spanish
3%
French
3%
Russian
2%
Arabic
2%
Hindi
2%
Korean
1%
Iranian Persian
1%
Others
1%

House tenancy (%)

Renters
61%
Owners
39%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget