500 Richmond St W 116

FOR SALE
$999,000
500 Richmond St W 116, Downtown Toronto
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
500 Richmond St W 116
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
5
ROOMS
C9371439
MLSID
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Property Description
Elevated Urban Living In This Tastefully Renovated, 2 Storey Townhome Nestled In The Heart Of The Thriving King West Neighborhood. Boasting Nearly 1200 Sqft Of Wisely Designed, Open Concept Living Space. This Home Offers A Refined Blend Of Luxury And Functionality With The Private Upper Level Housing Two Generously Sized Bedrooms, A 6pc Bathroom, Ample Closet Space and Conveniently Located Washer/Dryer. The Spacious, Combined Living/Dining Features A Walk-Out To The Private, South Facing Frontyard Terrace Ideal For Entertaining And Barbequing. Hardwood Flooring and 9' Ceilings Throughout With California Shutters In Bedrooms. The Kitchen Features Stainless Steel Appliances, Glass Tile Backsplash And A Large Walk-in Pantry. Ttc, Cafes, Shops, Boutiques, Restaurants and More Located Right At Your Doorstep!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2018-11-21 2018-12-11 20 $899,000 $880,000 Sold
Extras
Freshly Painted and Reno'd, New Plumbing 2024 (Kitec Removed 2019), New Electrical 2019, Terrace Fence Redone in 2022; Fiber Internet Installed; NOTE: Kitchen Cabinet Undermount Lighting "As-Is".
Nearby Intersections
Property Features
Arts Centre, Library, Park, Public Transit, Rec Centre
Property Details
Property Type
Condo Apt, 2-Storey
Approximate Sq.Ft.
1000-1199
Taxes
$4,556 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (B #19)
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingMain13.98' x 22.87'Combined W/Dining, Hardwood Floor, 2 Way Fireplace
DiningMain13.98' x 22.87'Combined W/Living, Hardwood Floor
KitchenMain8.40' x 9.91'Stainless Steel Appl, Tile Floor, Pantry
Prim BdrmUpper11.68' x 17.88'Semi Ensuite, Hardwood Floor, W/I Closet
2nd BrUpper10.99' x 17.39'California Shutters, Hardwood Floor, Closet
FoyerMain4.66' x 7.09'Tile Floor, Closet
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
500 Richmond St W 116 is a 2-bedroom 1-bathroom condo listed for sale at $999,000, which is $223,942 (28.9%) higher than the average sold price of $775,058 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $456 (0.1%) compared to the previous 30 day period (August 18 - September 16) and down $20,599 (2.6%) from the same time one year ago.
Inventory Change
There were 1,428 2-bedroom condos listed in Downtown Toronto over the last 30 days (September 17 - October 16), which is up 8.7% compared with the previous 30 day period (August 18 - September 16) and up 0.2% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($18,012) (2.3%) below asking price over the last 30 days (September 17 - October 16), which represents a $1,036 decrease compared to the previous 30 day period (August 18 - September 16) and ($13,105) 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 2-bedroom condos in Downtown Toronto over the last 30 days (September 17 - October 16) stood at 34.5%, up from 31.6% over the previous 30 days (August 18 - September 16) and up from 33.1% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (September 17 - October 16), compared to 58 days before being removed from the market upon being suspended or terminated.
Listing contracted with Forest Hill Real Estate Inc.
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