320 Richmond St E 1516
Moss Park, Downtown Toronto, M5A 1P9
FOR SALE
$539,900
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Property Description
The Modern at 320 Richmond Street East! This beautifully designed one-bedroom suite offers the perfect combination of style, functionality, and location. Thoughtfully laid out, it features a dedicated work-from-home nook with a built-in floating deskideal for remote professionals. The open-concept layout accommodates a full living and dining room setup, a rare find for a one-bedroom unit.The spacious primary bedroom boasts a large east-facing window, a walk-in closet that doubles as a dressing room, and plenty of natural light to start your day with breathtaking sunrise views. The modern kitchen is perfect for culinary enthusiasts, equipped with stainless steel appliances and an open design that seamlessly integrates with the living space.Enjoy low condo fees and a well-maintained, quiet building with exceptional amenities, including a rooftop terrace with BBQs, an outdoor pool, a hot tub, and stunning downtown skyline views. Stay active in the on-site gym, sauna, and steam room, and benefit from the convenience of a 24-hour concierge.Centrally located, The Modern is just steps away from the downtown core, St. Lawrence Market, The Distillery District, grocery stores, coffee shops, restaurants, and pet stores. With quick access to the DVP, Gardiner Expressway, King and Queen streetcars, and the upcoming Ontario Line Subway Stop, commuting is a breeze. Don't miss this incredible opportunity to own a stylish and functional condo in one of Torontos most vibrant neighbourhoods.
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Extras
Building Amenities include 24 hour concierge, Gym, Sauna, Steam Room, Rooftop Deck with incredible city views and an outdoor lap pool, Party Room, Visitor Parking.
Nearby Intersections
Adelaide & John (81)
Peter & Adelaide (111)
Richmond & Peter (74)
John & Richmond (60)
King & John (228)
Queen & Spadina (148)
Property Features
Arts Centre, Library, Park, Place Of Worship
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,027 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 9.38' x 10.07' | Hardwood Floor, Open Concept, Combined W/Dining |
| Dining | Main | 6.92' x 10.43' | Hardwood Floor, Open Concept, B/I Desk |
| Kitchen | Main | 11.55' x 5.97' | Open Concept, Stainless Steel Appl, Hardwood Floor |
| Br | Main | 10.86' x 8.69' | Hardwood Floor, W/I Closet, Large Window |
| Foyer | Main | 6.73' x 9.45' | Hardwood Floor, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
320 Richmond St E 1516 is a 1-bedroom 1-bathroom condo listed for sale at $539,900, which is $26,664 (4.7%) lower than the average sold price of $566,564 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $3,726 (0.7%) compared to the previous 30 day period (November 18 - December 17) and down $17,146 (2.9%) from the same time one year ago.Inventory Change
There were 857 1-bedroom condos listed in Downtown Toronto over the last 30 days (December 18 - January 16), which is down 4.7% compared with the previous 30 day period (November 18 - December 17) and up 43.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($13,272) (2.3%) below asking price over the last 30 days (December 18 - January 16), which represents a $449 decrease compared to the previous 30 day period (November 18 - December 17) and ($15,475) 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 1-bedroom condos in Downtown Toronto over the last 30 days (December 18 - January 16) stood at 40.5%, down from 54.1% over the previous 30 days (November 18 - December 17) and down from 57.2% 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 42 days when successfully sold over the last 30 days (December 18 - January 16), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Real Broker Ontario Ltd
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