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    for sale
    10 Days on Strata
    Est Sell Timeframe:
    17 Days

    418 - 199 Richmond St W

    $670,000
    1 Bed + 1
    2 Bath
    1 Parking
    724 SQFT
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    Price History


    Maintenance Fees:
    $921/mth
    Taxes:
    $2,609 (2025)
    Property Type:
    Condo
    Cost Per Sqft:
    $925/sqft
    Outdoor Space:
    Enclosed/Solarium
    Locker:
    Owned
    Possession Date:
    Nov 11
    Exposure:
    North

    Amenities

    Community BBQ
    Concierge
    Games Room
    Gym
    Sauna
    Party Room

    About this Listing

    Take a full 3D interactive virtual tour of this suite and explore every detail from home. Currently tenanted at $2,750 per month, this property 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.

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

    right at home realtyMLS® #C12534322

    Utilities & Inclusions

    Hydro
    Not Included
    Heat
    Included
    Air Conditioning
    Not Included
    Water
    Not Included
    Parking
    Included
    Building Maintenance
    Included
    Building Insurance
    Included
    Heating Type
    Forced Air
    Heat Source
    Gas
    Air Conditioning Type
    Central Air

    Dimensions


    Living
    18.7 x 12.47ft
    Combined with Dining, Walkout To Balcony, Laminate
    Dining
    18.7 x 12.47ft
    Combined with Living, Combined with Kitchen, Laminate
    Kitchen
    18.7 x 12.47ft
    Open Concept, Built-in Appliances, Laminate
    Bedroom
    9.84 x 8.86ft
    3 Piece Ensuite, Double Closet, Laminate
    Den
    9.51 x 7.55ft
    Sliding Doors, Laminate

    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

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    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
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    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
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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
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    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%


    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
    AVERAGE
    chance 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 again

    Property 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

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo DataNo Data$592,500 - $608,000$685,000 - $840,000No DataNo DataNo Data
    Avg. Cost Per SqftNo DataNo Data$821$1,038No DataNo DataNo Data
    Avg. Wait for Unit Availability913 Days64 Days64 Days139 Days199 Days328 DaysNo Data
    Ratio of Units in Building3%35%33%19%9%4%2%

    Market Inventory

    Total number of units listed and sold in Queen West