$496,000 - 323 Richmond Street Unit 224, Cabbagetown
Condo for Sale in Cabbagetown
New — Listed 3 days agoNeighbourhood: Moss Park
- MLS Number
- C13696884
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Spacious 775 square foot 1 bedroom + den suite at The Richmond by Tridel. This renovated suite offers incredible value in a well-managed building with extensive amenities including one of the best rooftops in the city!*****Natural stone flooring greets you in the foyer, opening onto a 7' x 8' den, suitable for a home office or guest room. There is ample closet space if you decide to install sliders to use the den as a second bedroom. New wide plank laminate flooring extends throughout the suite. The kitchen and laundry have updated appliances, including a stainless French door refrigerator/freezer, smooth top slide-in range, kitchen hood fan, and built-in dishwasher. The kitchen features natural stone flooring, maple cabinets and granite counter with flush breakfast bar. The open concept floor plan includes separate living and dining areas. The bedroom is very large by condo standards. The bathroom features natural stone flooring, a deep soaker tub, updated showerhead and lighting. Incredible value at $640.00 per square foot with parking and locker included. All-inclusive maintenance fees under $1.00 per square foot cover heat, hydro, A/C, and water.*****Amenities at The Richmond include a huge rooftop with BBQ and dining areas, an outdoor hot tub, a gazebo with Muskoka chairs and a gas fire table. Extensive interior amenities include a spacious lobby with concierge and lounge seating, a large well-equipped gym, separate cardio room, party room, games room, and a basketball half court.*****This location offers easy access to the financial district, St Michaels Hospital, George Brown College, the shops and restaurants of St Lawrence Market, Corktown, King East, and The Distillery District.
Estimate your monthly payments for this property
Estimated Payment
$2,544.74/mo
Includes CMHC insurance ($13,838)
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.
323 Richmond Street Unit 224, 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 $709/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Cabbagetown's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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. We'll want to verify the monthly fees and what they include.
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 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.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.