255 Richmond St E 1517
Moss Park, Downtown Toronto, M5A 4T7
FOR SALE
$499,000
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Property Description
Welcome to Suite 1517 at 255 Richmond St E, a stunning studio that feels like so much more! This unit is a rare find, with a unique layout with easy to define multiple living zones, making it feel open and spacious perfect for work, relaxation, and entertaining. Enjoy breathtaking southern views of the city and lake from your private balcony, which has space for a table and a collection of plants. Love to grow potted tomatoes? No problem! Want to relax with a cup of morning coffee and enjoy the view on your balcony? You got it! When you first enter the space, there's a corridor leading you in that has a large closet along the way plus the washer dryer behind a separate door - the beauty of this is that you don't hear any hallway noise inside the unit, as the living space is tucked away at the end of the entry hallway. Inside, the full-sized kitchen greets you - no tiny, two foot kitchen here! This is a dream for a studio, complete with all full-size appliances, ample storage, and a peninsula that feels like a kitchen island that seats four. Hosting friends is a breeze with this setup, perfect for showing off your latest cooking skills or filming your TikTok cooking demo - you've got a fantastic backdrop with this kitchen. Two large closets add incredible storage, while the bathroom is spacious and comfortable. The unit has huge windows in the living space - the unit is flooded with natural light. The optional bedroom area has the walk-out to the balcony and floor to ceiling windows plus the large second closet. Location is unbeatable: just steps to the St. Lawrence Market, George Brown College St. James Campus, the TTC, groceries, and endless dining & shopping options. This Tri-Loft building offers a full-time concierge, on-site property management, visitor parking, and more. An owned parking spot is included with the purchase of this unit - a rare perk - and luxury! With hydro and water included in the condo fees, this is downtown living at its best!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-19 | 2024-10-31 | 134 | $499,000 | - | Expired |
| 2022-07-01 | 2022-07-06 | 5 | $2,100 | - | Terminated |
| 2022-07-01 | 2022-07-06 | 5 | $2,050 | $2,050 | Leased |
| 2019-07-18 | 2019-08-14 | 27 | $488,000 | $484,000 | Sold |
Extras
24 hr concierge, gym, guest suites, visitor parking, bike storage, Fibrestream internet option, party room. Hydro included in condo fees!!! Pls heat, A/C, water. Don't throw your money away on rent - buy this beauty with a balcony & view!!
Nearby Intersections
Adelaide & Jarvis (22)
Property Features
Arts Centre, Hospital, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
0-499
Taxes
$1,938 (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 (Level C)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 4.10' x 5.12' | Laminate, Closet |
| Kitchen | Main | 8.63' x 8.89' | Tile Floor, B/I Dishwasher, B/I Microwave |
| Living | Main | 9.06' x 8.86' | Laminate, Irregular Rm, Large Window |
| Br | Main | 11.29' x 9.58' | Laminate, Irregular Rm, Combined W/Living |
| Bathroom | Main | 7.68' x 4.76' | Tile Floor |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
255 Richmond St E 1517 is a 0-bedroom 1-bathroom condo listed for sale at $499,000, which is $80,713 (19.3%) higher than the average sold price of $418,287 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 0 bedroom condo in Downtown Toronto increased by $18,642 (4.7%) compared to the previous 30 day period (September 23 - October 22) and up $1,541 (0.4%) from the same time one year ago.Inventory Change
There were 72 0-bedroom condos listed in Downtown Toronto over the last 30 days (October 23 - November 21), which is up 1.4% compared with the previous 30 day period (September 23 - October 22) and up 18.0% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom condos in Downtown Toronto typically sold ($13,119) (3.1%) below asking price over the last 30 days (October 23 - November 21), which represents a $306 increase compared to the previous 30 day period (September 23 - October 22) and ($6,108) less 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 (October 23 - November 21) stood at 33.3%, down from 33.8% over the previous 30 days (September 23 - October 22) and up from 29.5% 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 34 days when successfully sold over the last 30 days (October 23 - November 21), compared to 54 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group Old Mill Realty Inc.
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