$699,000 - 608 RICHMOND Street Unit 320, Downtown Toronto
Condo for Sale in Downtown Toronto
36 days on marketNeighbourhood: Waterfront Communities C1
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- MLS Number
- C13731120
- Property Type
- Condo
- Status
- active
- Days on Site
- 36
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $4,243
- Maintenance Fees
- $814/mo
- Locker
- None
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
King West on one side, Queen West on the other, and this soft loft right in the sweet spot between themWalk in and let the 9-foot poured concrete ceilings do the talking, that industrial-edge-meets-actually-livable combo that soft loft devotees spend years hunting for. At 809 SF inside plus a 100 SF balcony, the long, wide layout just makes sense: no dead corners, no hallway eating your square footage for sport.The den is not a token afterthought, it's a legitimate flex space. Murphy bed? Sure. Home office? Obviously. Guest room, creative studio, plant sanctuary? Yes, yes, and also yes. Between the built-in storage throughout and the den's bonus stash space, you'll run out of stuff to organize long before you run out of places to put it.Then there's the bedroom, an actual, proper bedroom (revolutionary, we know). North-facing floor-to-ceiling windows pour in soft, flattering light all day long, while the Queen St W-facing view means you get streetscape energy, not a staring contest with your neighbour's living room. Privacy and personality, finally together.Oh, and the maintenance fee actually earns its keep: gas, water, concierge, gym, party and meeting rooms, and yes, BBQs are allowed, so host away.King West energy. Queen West character. One seriously good address.
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.
608 RICHMOND Street Unit 320, Downtown Toronto / Waterfront
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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 $777/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 36 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 $814/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 900 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.