199 Richmond St W, Unit #518
Waterfront Communities C1, Toronto
$629,000
Buy with Dwelly and Save $6,290
Home Details
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Listing 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.
All appliances currently on the premises: Paneled fridge, built-in oven and cooktop, dishwasher and microwave, stacked washer/dryer. All attached light fixtures. All window coverings.
City: Toronto
Neighborhood: Waterfront Communities C1
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Apr 22, 2025 | 73 | $714,999 | N/A | Terminated | C12096098 |
| Apr 14, 2025 | 7 | $729,999 | N/A | Terminated | C12081119 |
| Jun 9, 2020 | 24 | $2,500 | $2,450 | Leased | C4786558 |
| Jan 4, 2020 | 0 | $2,915 | $2,915 | Leased | C4661201 |
| Jan 27, 2018 | 53 | $669,000 | $660,000 | Sold | C4030104 |
| Jun 10, 2016 | 8 | $2,200 | $2,200 | Leased | C3522859 |
| Mar 9, 2016 | 61 | $2,200 | N/A | Terminated | C3435640 |
Rooms
Room dimensions for 199 Richmond St W, Unit #518, Toronto
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 199 Richmond St W518 is 4336
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $629000 |
| Down Payment | $125800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $503200 |
Monthly Payment
| Mortgage Payment | $3101 |
| Property Taxes | $314 |
| Maintenance Fees | $921 |
| Monthly Payment | $4336 |
Sold Comparables
Sold Comparables homes near 199 Richmond St W, Unit #518, Toronto
About 199 Richmond St W, Unit #518, Toronto
Located at 199 Richmond St W Unit #518, this Toronto condo is available for sale. This property was listed for $629,000 on Wed Aug 20 2025. This condo's size is 700-799 Sqft. It has 1 bedroom and 2 bathrooms. Monthly maintenance is $921 per month and taxes are approximately $3,771 annually. Views are to the North from this property. Step outside onto the open balcony. The property includes the following rooms: Living, Kitchen, Primary, Den. This property comes with 1 parking spots. This property also comes with a locker. Heat is included with this property. 199 Richmond St W, Toronto is situated in the Waterfront Communities C1 neighbourhood.
MLS#: C12352078 · $629,000 · 1 bedroom condo in Waterfront Communities C1, Toronto