255 Richmond St E 1111
Moss Park, Downtown Toronto, M5A 4T7
FOR SALE
$425,000
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Property Description
Urban Living Near St. Lawrence Market! Live in the sought-after Space Lofts boutique building, steps from vibrant St. Lawrence Market and George Brown campuses. This bright bachelor unit features a functional layout, perfect for professionals, couples, or students. Located near George Brown campuses and with quick access to major highways via Richmond and the DVP, its a commuters dream! The building offers fantastic amenities, including a fitness room with saunas and a party/games room with a full kitchen. Plus, an owned parking spot and ample visitor parking for friends and family. Immerse yourself in the local culture with trendy cafes, restaurants, and shops all within a 10-minute walk. Don't miss this unbeatable location!
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Nearby Intersections
Adelaide & Jarvis (12)
Property Features
Library, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Bachelor/Studio
Approximate Sq.Ft.
0-499
Taxes
$1,774 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned (C)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Flat | 4.99' x 5.97' | Ceramic Floor |
| Living | Flat | 10.14' x 14.99' | Combined W/Br, Laminate, W/O To Balcony |
| Br | Flat | 10.14' x 14.99' | Combined W/Living, Laminate, W/O To Balcony |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
255 Richmond St E 1111 is a 0-bedroom 1-bathroom condo listed for sale at $425,000, which is $46,764 (12.4%) higher than the average sold price of $378,236 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 0 bedroom condo in Downtown Toronto declined by $22,091 (5.5%) compared to the previous 30 day period (November 19 - December 18) and down $54,974 (12.7%) from the same time one year ago.Inventory Change
There were 56 0-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is up 12.0% compared with the previous 30 day period (November 19 - December 18) and up 69.7% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom condos in Downtown Toronto typically sold ($10,643) (2.8%) below asking price over the last 30 days (December 19 - January 17), which represents a $1,505 increase compared to the previous 30 day period (November 19 - December 18) and ($16,026) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 0-bedroom condos in Downtown Toronto over the last 30 days (December 19 - January 17) stood at 26.8%, down from 44.0% over the previous 30 days (November 19 - December 18) and down from 57.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 0-bedroom 1-bathroom condo in Downtown Toronto stood at 37 days when successfully sold over the last 30 days (December 19 - January 17), compared to 94 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max West Realty Inc.
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