311 Richmond St E 705
Moss Park, Downtown Toronto, M5A 4S8
FOR SALE
$544,900

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Property Description
Feel rich on Richmond! Without breaking the bank! Welcome to this beautifully updated 1-bedroom, 1-bathroom condo at 311 Richmond Street East Suite 705. Move right in without lifting a finger! Perched high up above Richmond Street East, this unit is in a well-managed boutique building and features laminate floors, a renovated white kitchen, and large windows that fill the unit with natural light. The kitchen is a chef's dream, equipped with contemporary cabinets, stainless steel appliances, a stylish backsplash, and a huge breakfast bar perfect for entertaining. The unit feels extra wide and the living room walks out to the balcony overlooking Richmond Street East below. Enjoy the spacious bedroom with a walk-in closet. The well-appointed bathroom will make getting ready in the morning extra fun. In-suite laundry, an owned underground parking spot, and a locker for extra storage round off this incredible opportunity. Located a quick walk from Toronto's Financial District, this condo offers the best of both worlds: a peaceful retreat with easy access to the city's bustling amenities and offices. Just steps from your door you'll find trendy cafes, restaurants, and shops, while the St. Lawrence Market and Distillery District are only a short walk away. Public transit is a breeze with multiple streetcar and bus routes nearby, and the King and Queen Street subway stations on TTC Line 1 are just minutes away so you can hop around Toronto easily and efficiently. With convenient access to the Don Valley Parkway and Gardiner Expressway, commuting or getting out of the city are a snap, making this location perfect for those who want a blend of convenience, comfort, and connectivity. Welcome home! **EXTRAS** Built-in stove, glass cooktop, microwave/hood fan, refrigerator, dishwasher, stacked washer & dryer, all electrical light fixtures, all window coverings.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-11-12 | 2025-01-02 | 51 | $569,000 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,418 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Flat | 7.91' x 7.09' | Laminate, Modern Kitchen, Stainless Steel Appl |
Living | Flat | 10.43' x 18.67' | Laminate, Combined W/Dining, W/O To Balcony |
Dining | Flat | 10.43' x 18.67' | Laminate, Combined W/Living, W/O To Balcony |
Br | Flat | 8.89' x 12.89' | Laminate, W/I Closet, Large Window |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
311 Richmond St E 705 is a 1-bedroom 1-bathroom condo listed for sale at $544,900, which is $12,210 (2.2%) lower than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% 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 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Connect Realty
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