418-199 Richmond Street W, Toronto, ON

Toronto, Central Toronto , Waterfront Communities C1 Hood
Richmond St West / University Ave
1+1 Br | 2 Bath | 700-799 Sqft
$575,000 For Sale

Property Overview

  • Condo Apartment — Apartment
  • SqFt: | 700-799 Sqft
  • Monthly Fee: $921/mo
  • Fee Includes: Heat Included, Common Elements Included, CAC Included, Building Insurance Included, Parking Included
  • Exposure: North
  • Balcony: Enclosed
  • Locker: Owned
  • Ensuite Laundry: No
  • Age: n/a
  • Taxes: 2,609 / 2025
  • MLS #: C13124866
  • Heat Source: Gas , Forced Air

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!

All existing appliances, including panelled fridge, built-in oven and cooktop, dishwasher, microwave, and stacked washer/dryer. All existing light fixtures and window coverings included.

Property Details

  • For: For Sale
  • Type: Condo Apartment
  • Style: Apartment
  • Region: Toronto
  • Hood: Waterfront Communities C1
  • Pets Allowed: Yes-with Restrictions

Building Details

  • Building: Studio on Richmond
  • Condo Corp #: 2517
  • Association: TSCC
  • Management: ICC Property Management Ltd.
  • Age: n/a
  • Exterior: Concrete
  • Heat: Gas , Forced Air
  • A/C: Central Air
  • Total Parking: 1.00
  • Locker: Owned

Property Interior

  • Sqft: 700-799 Sqft
  • Bed: 1 +1
  • Bath: 2
  • Kitchen: 1
  • Ensuite Laundry: No
  • Interior Features: Carpet Free
Rooms Details

Living Room

Flat Level

5.7 x 3.8

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

Dining Room

Flat Level

5.7 x 3.8

Combined w/Living, Combined w/Kitchen, Laminate

Kitchen

Flat Level

5.7 x 3.8

Open Concept, B/I Appliances, Laminate

Bedroom

Flat Level

3 x 2.7

3 Pc Ensuite, Double Closet, Large Window

Den

Flat Level

2.9 x 2.3

Sliding Doors, Laminate

Property Listed by: RIGHT AT HOME REALTY
Virtual Tour: https://mls.kuu.la/share/collection/7HlBs?fs=1&vr=1&zoom=1&sd=1&initload=0&autorotate=0.04&thumbs=1

Home Valuation Estimate

What is 418-199 Richmond Street W, Toronto, ON worth in today’s Waterfront Communities C1, Central Toronto condo market?

This HomeZira valuation preview helps buyers and sellers review the asking price for this 1-bedroom Condo Apartment with 700-799 sq. ft. in Waterfront Communities C1, Central Toronto. The full estimate considers the condo’s location, property type, bedroom count, size range, building age, maintenance fee, and nearby comparable market activity after sign-in.

Condo-specific estimate See a valuation range built around this unit’s local condo profile.
Comparable condo context Review how similar nearby condo units help frame market value.
Fee and building factors Consider size, age, bedroom count, parking, locker, and maintenance-fee context.

This listing shows a $921/mo maintenance fee, which can be an important part of condo value comparison because monthly costs affect affordability and buyer demand.

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Location

  • Address: 418-199 Richmond Street W
  • Neighborhood: Waterfront Communities C1
  • Zip/Postal Code: M5V 0H4
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Mortgage Calculator

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*Monthly total = monthlyized mortgage payment + taxes/12 + condo fee.

About 418-199 Richmond Street W, Central Toronto

Located at 418-199 Richmond Street W, Toronto, ON in Waterfront Communities C1 (Central Toronto), near Richmond St West / University Ave, this condo offers a balanced mix of comfort and day-to-day practicality. Inside, you’ll find Condo Apartment, 1 bedroom, 2 bathrooms and approximately 700-799 sq.ft. of interior space. North exposure for consistent daylight, with an enclosed balcony that extends the living space outdoors. Everyday convenience includes 1 underground parking spot, an owned locker and ensuite laundry: No. The condominium budget is straightforward, with monthly fees of $921/mo and coverage for Heat Included, Common Elements Included, CAC Included, Building Insurance Included, Parking Included. The building is Studio on Richmond, TSCC #2517 and ICC Property Management Ltd. managing the property. It is currently listed at $575,000. MLS® C13124866.

Condo FAQs for 418-199 Richmond Street W, Toronto, ON , Waterfront Communities C1 , Central Toronto

What are the listing details for 418-199 Richmond Street W, Toronto, ON?
418-199 Richmond Street W, Toronto, ON is a Condo Apartment for sale in Central Toronto, in the Waterfront Communities C1 neighbourhood, Toronto. The current list price is $575,000. MLS number: C13124866.
How many bedrooms and bathrooms does this condo have?
418-199 Richmond Street W, Toronto, ON is listed as a Condo Apartment with a ["Apartment"] style, featuring 1+1 bedroom(s) and 2 bathroom(s). The listed interior size range is 700-799 sq. ft..
What is the monthly condo fee for this listing?
The listed monthly maintenance fee is $921/mo. The listing shows the fee includes: ["Heat Included","Common Elements Included","CAC Included","Building Insurance Included","Parking Included"].
What parking, locker, balcony, and exposure details are shown?
Total parking is listed as 1 space(s). Locker is listed as: Owned. Balcony type is listed as: Enclosed. Exposure is listed as: North.
What building or condo corporation details are listed?
Building name: Studio on Richmond. Condo corporation number: 2517. Property management company: ICC Property Management Ltd..
Where is this condo located?
418-199 Richmond Street W, Toronto, ON is located in the Waterfront Communities C1 neighbourhood of Central Toronto. The listed cross street is Richmond St West / University Ave. Annual taxes are listed as $2,609 / 2025. The public listing page shows active listing information only and does not include sold prices in this FAQ.

FAQ content is based on current active condo listing fields shown on this page. Sold prices, sold comparables, and VOW-only details are not included in this public FAQ.