Maintenance Fees
Studio on Richmond vs The Queen West Area
for sale
7 Days on Strata
- Est Sell Timeframe:
- 17 Days
318 - 199 Richmond St W
$458,900
1 Bed + 1
2 Bath
0 Parking
714 SQFT
Price History
- Maintenance Fees:
- $803/mth
- Taxes:
- $2,981 (2024)
- Property Type:
- Condo
- Cost Per Sqft:
- $643/sqft
- Outdoor Space:
- Balcony
- Locker:
- Owned
- Possession Date:
- TBD
- Exposure:
- North
Amenities
Guest Suites
Sauna
Games Room
Party Room
Media Room
Gym
Concierge
Rooftop Deck
Amenity details for reference only. Independently verify accuracy.
About this Listing
Downtown luxury meets investment potential this 1+den with two baths, Miele kitchen, and city-view balcony is steps from Torontos best dining, shopping, and entertainment, and is Airbnb-friendly with an AAA tenant in place until 2026.This stunning 1+den at 199 Richmond Street delivers style, comfort, and unbeatable location in the heart of downtown Toronto. Featuring a bright open layout with floor-to-ceiling windows, modern kitchen with Miele appliances, two full bathrooms, and an expansive balcony with vibrant city views, its perfect for both living and entertaining. The spacious den can easily function as a second bedroom or home office. Steps from world-class dining, shopping, entertainment, major teaching hospitals, University of Toronto, Union Station, and the Royal Alexandra Theatre. Currently leased to an AAA tenant until Feb 1, 2026, with building approval for short-term rentals and Airbnb, this is an exceptional opportunity for investors or end users seeking the ultimate urban lifestyle.
forest hill real estate inc.MLS® #C12545246
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Not Included
- Air Conditioning
- Included
- Water
- Not Included
- Parking
- Not Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 18.11 x 11.09ft
- Laminate, Combined with Dining, Balcony
- Dining
- 18.11 x 11.09ft
- Laminate, Combined with Living, Windows Floor to Ceiling
- Kitchen
- 18.11 x 11.09ft
- Laminate, Combined with Dining, Open Concept
- Primary
- 9.09 x 9.12ft
- Laminate, 4 Piece Bath
Buyer's Market
Balanced
Seller's Market
Building Spotlight
Similar Listings
Explore Queen West
Map
10/10
Walkability
Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
10/10
Transit
Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
7/10
Bikeability
Your bike's the trusty steed in this urban jungle — giddy up!
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
18,483
Average Individual Income
$71,628
Average Household Size
3 persons
Average Age
42
Average Household Income
$108,396
Dominant Housing Type
High Rise Apartment
Population By Age
Household Income
Housing Types & Tenancy
High Rise Apartment
43%
Semi Detached
25%
Detached
24%
Low Rise Apartment
3%
Duplex
2%
Marital Status
Commute
Languages (Primary Language)
Other
72%
Mandarin
13%
Cantonese
9%
Tagalog
2%
Arabic
1%
Spanish
1%
Urdu
1%
Korean
1%
Education
University and Above
43%
High School
21%
College
15%
None
12%
University Below Batchelor
3%
Apprenticeship
2%
Major Field of Study
Business Management
25%
Architecture & Engineering
17%
Social Sciences
12%
Health & Related Fields
10%
Math & Computer Sciences
8%
Humanities
6%
Physical Sciences
5%
Education
5%
Visual & Performing Arts
3%
Personal, Protective & Transportation Services
2%
Building Trends At Studio on Richmond
Days on Strata
Units at Studio on Richmond spend an average of
50
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
3%
above
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Queen West
Turnover of Units
On average, each unit is owned for
6.3
YEARS before being sold againProperty Value
-7%
Decrease in property value within the past twelve months
Price Ranking
28th
Highest price per SQFT out of 53 condos in the Queen West area
Sold Units
6
Units were Sold over the past twelve months
Rented Units
47
Units were Rented over the past twelve months
Best Value Rank
Studio on Richmond offers the best value out of 53 condos in the Queen West neighbourhood
?
Appreciation Rank
Studio on Richmond has the highest ROI out of 53 condos in the Queen West neighbourhood
?
Rental Yield
Studio on Richmond yields the highest rent prices out of 53 condos in the Queen West neighbourhood
?
High Demand
Studio on Richmond is the most popular building out of 53 condos in the Queen West neighbourhood
?
Market Insights
Transaction Insights at Studio on Richmond
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|---|
| Price Range | No Data | No Data | $592,500 - $608,000 | $685,000 - $840,000 | No Data | No Data | No Data |
| Avg. Cost Per Sqft | No Data | No Data | $821 | $1,038 | No Data | No Data | No Data |
| Price Range | $1,925 | $2,150 - $2,500 | $2,300 - $2,890 | $2,550 - $3,450 | $2,790 - $3,800 | No Data | No Data |
| Avg. Wait for Unit Availability | 913 Days | 64 Days | 64 Days | 139 Days | 199 Days | 328 Days | No Data |
| Avg. Wait for Unit Availability | 149 Days | 18 Days | 21 Days | 36 Days | 87 Days | 141 Days | 593 Days |
| Ratio of Units in Building | 3% | 35% | 33% | 19% | 9% | 4% | 2% |
Market Inventory
Total number of units listed and sold in Queen West
