$599,000 - 320 Richmond Street Unit 316, Cabbagetown
Condo for Sale in Cabbagetown
Neighbourhood: Moss Park
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- MLS Number
- C13756646
- Property Type
- Condo
- Status
- active
- Days on Site
- 29
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Taxes (2026)
- $3,537
- Maintenance Fees
- $752/mo
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
They don't make family-sized homes like this anymore! This 825 sq ft, 2-bedroom, 2-bathroom condo (plus a 45 sq ft balcony) features a well-thought-out layout with ample storage and a desirable split-bedroom design. Recent upgrades include fresh paint (2026), updated flooring (2025), and a newer washer/dryer (2024).The living room/dining room features a functional L-shape layout centred around the heart of the home: the kitchen, complete with a kitchen island. The home faces east for the morning sun and offers tons of storage, including a deep coat closet, a linen closet, a wall-to-wall closet in the second bedroom, and two XL closets in the primary suite. Residents enjoy an amenity-rich building, including 24-hour concierge/security, a full-sized gym, a yoga room, and a co-ed sauna and steam room. In the summer, enjoy all the rooftop patio has to offer, including a swim spa, a hot tub, multiple patios, and communal BBQs, all overlooking the city skyline and the CN Tower. Additional building amenities include a party room, movie room, cards room, guest suites, bike storage, and ample visitor parking. Excellent location, walking distance to St. Lawrence Market, the King East design district, Old Town Toronto, St. James Park, and the beautiful Allan Gardens Conservatory. Transit is at your doorstep, with easy access to the King and Queen streetcars. Steps from the upcoming Food Basics and Shoppers Drug Mart, part of the ROQ development at Queen/Ontario St.
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
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 Moss Park
Moss Park 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 Moss Park
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •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
Moss Park 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.
320 Richmond Street Unit 316, Regent Park / Cabbagetown / St. James Town
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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
Competitive Pricing
At $749/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 29 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 $752/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 800 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 Moss Park
I know Moss Park 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: Cabbagetown properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,496 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.