255 Richmond St E 603

FOR SALE
$629,000
255 Richmond St E 603, Downtown Toronto
255 Richmond St E 603
255 Richmond St E 603
255 Richmond St E 603
255 Richmond St E 603
255 Richmond St E 603
255 Richmond St E 603
255 Richmond St E 603
255 Richmond St E 603
255 Richmond St E 603
255 Richmond St E 603
255 Richmond St E 603
255 Richmond St E 603
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
4
ROOMS
C8291024
MLSID
Contact Us
Property Description
Imagine stepping into your very own loft in Toronto--a dream you never thought possible, now within reach. This one bedroom mezzanine loft is flooded with natural light by its 18-foot floor-to-ceiling windows. Entertain with ease in this thoughtfully designed space, perfectly situated near St. Lawrence Market and the Distillery District. Start each day feeling inspired, as you wake up in your airy and vibrant loft. Enjoy a morning coffee or evening beverage perched on your private balcony, in the heart of Toronto's urban landscape. No more hassle with utility bills; maintenance fees cover everything, including underground parking and additional storage. Your dream loft awaits--don't let it slip away.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-11-05 2021-11-08 3 $2,450 $2,450 Leased
2021-10-19 2021-11-15 27 $728,000 - Terminated
2021-10-06 2021-10-19 13 $659,000 - Terminated
Extras
Upgrades Include: Stainless Steel Fridge, Stove, Microwave & Dishwasher. Caesarstone Countertops, Fresh White Cabinetry, Engineered Wood Floors. - Ensuite Laundry on upper level.
Nearby Intersections
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
Property Details
Community
Property Type
Condo Apt, 2-Storey
Approximate Sq.Ft.
600-699
Taxes
$2,425 (2023)
Basement
None
Exterior
Brick, Brick Front
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Owned (P3)
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingMain11.81' x 17.39'Window Flr To Ceil, Hardwood Floor, Open Concept
KitchenMain11.48' x 9.19'Breakfast Bar, Stainless Steel Appl, Hardwood Floor
Br2nd8.53' x 9.19'Window Flr To Ceil, Closet Organizers, Open Concept
Bathroom2nd7.55' x 5.91'3 Pc Ensuite, Tile Floor, Updated
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
255 Richmond St E 603 is a 1-bedroom 1-bathroom condo listed for sale at $629,000, which is $29,125 (4.9%) higher than the average sold price of $599,875 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $4,762 (0.8%) compared to the previous 30 day period (March 15 - April 13) and down $30,572 (4.8%) from the same time one year ago.
Inventory Change
There were 2,111 1-bedroom condos listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 75.9% compared with the previous 30 day period (March 15 - April 13) and up 76.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($8,857) (1.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $738 decrease compared to the previous 30 day period (March 15 - April 13) and ($1,653) 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 1-bedroom condos in Downtown Toronto over the last 30 days (April 14 - May 13) stood at 28.7%, down from 54.9% over the previous 30 days (March 15 - April 13) and down from 69.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 25 days when successfully sold over the last 30 days (April 14 - May 13), compared to 41 days before being removed from the market upon being suspended or terminated.
Listing contracted with Strata Real Estate
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