$699,000 - 199 Richmond Street Unit 1404, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Waterfront Communities C1
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- C13808856
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $4,151
- Maintenance Fees
- $950/mo
- Locker
- None
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- HOMELIFE FRONTIER REALTY INC.
Welcome To Studio On Richmond-Where Modern Luxury Meets The Best Of Downtown Toronto Living. This Exceptional 2-Bedroom, 2-Bathroom SouthEast-Facing Corner Suite ( 746 Sq.Ft + 49 Sq.Ft Balcony ) Offers An Unusually Bright And Open Living Experience, With Floor-To-Ceiling Windows Along The Entire Southeast Exposure And Expansive Unobstructed City Views. Bathed In Natural Light Throughout The Day, This Well-Maintained Residence Features 9-Ft Ceilings, Sleek Laminate Flooring Throughout, And A Contemporary Open-Concept Layout Designed For Both Everyday Living And Entertaining. The Sophisticated Kitchen Features Elegant Custom Cabinetry, Granite Countertop, Centre Island, Integrated Built-In Miele Appliances, And A Seamless Modern Design That Blends Beautifully With The Living Space. Both Bedrooms Enjoy Excellent Natural Light And Privacy, While The Corner Position Provides An Added Sense Of Space And Openness. An Outstanding Building With An Impressive Collection Of Amenities, Including A Fully Equipped Fitness Centre, Yoga Studio, Sauna, Outdoor Pool, BBQ Area, Billiards/Games Room, Party/Entertainment Room, And 24-Hour Concierge. Ideally Situated In The Heart Of Downtown Toronto, Just Steps To Subway, TTC, Restaurants, Cafes, Shopping, The Entertainment Districts, City Hall, TMU, U Of T, Hospitals, Parks, And Major Cultural Financial And Attractions. A Rare Opportunity To Enjoy A Bright, Sophisticated Corner Residence In One Of Downtown Toronto's Most Convenient And Vibrant Locations.
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Waterfront Communities C1
Waterfront Communities C1 is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Waterfront Communities C1
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Waterfront Communities C1 offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
199 Richmond Street Unit 1404, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $999/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $950/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Waterfront Communities C1
I know Waterfront Communities C1 well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,913 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.