318 Richmond St W 406

FOR SALE
$560,000
318 Richmond St W 406, Downtown Toronto
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
318 Richmond St W 406
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
4
ROOMS
C9231130
MLSID
Contact Us
Property Description
Perfect Squarish 1 Bedroom Layout! North Facing Unit with a Huge Balcony, Upgraded with RUNNEN Decking. Unit is Freshly Painted and in Extremely Well Kept Conditions. Don't Miss the Opportunity to Own this Unit in an Iconic Building right in the Heart of Downtown Toronto's Entertainment District! 506 SQ.FT 1 Bedroom Unit Perfectly Priced for First Time Home Buyers!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-05-10 2024-07-29 80 $599,000 - Terminated
Extras
Huge Walk-In Closet In Master. Upgraded smooth-finished ceilings. Luxury integrated appliances. All In One European Washer/Dryer. Freshly painted
Nearby Intersections
Property Details
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,139 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
318 Richmond St W 406 is a 1-bedroom 1-bathroom condo listed for sale at $560,000, which is $5,984 (1.1%) lower than the average sold price of $565,984 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $13,085 (2.3%) compared to the previous 30 day period (July 17 - August 15) and down $49,802 (8.1%) from the same time one year ago.
Inventory Change
There were 1,473 1-bedroom condos listed in Downtown Toronto over the last 30 days (August 16 - September 14), which is up 6.3% compared with the previous 30 day period (July 17 - August 15) and up 0.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,793) (1.7%) below asking price over the last 30 days (August 16 - September 14), which represents a $71 decrease compared to the previous 30 day period (July 17 - August 15) and ($6,422) 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 (August 16 - September 14) stood at 34.1%, down from 35.9% over the previous 30 days (July 17 - August 15) and down from 35.6% 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 (August 16 - September 14), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Condowong Real Estate Inc.
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