500 Richmond St W 116
Waterfront Communities C1, Downtown Toronto, M5V 3N4
FOR SALE
$949,900
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Property Description
Fully renovated 2-storey townhome nestled in the heart of the vibrant downtown core, featuring a private, separate entrance and a spacious 250 sqft south-facing terrace, perfect for entertaining or barbecuing. With the feel of a house, boasting nearly 1,200 sqft of thoughtfully designed, open-concept living space, this home seamlessly blends luxury and functionality. The upper level includes two generously sized bedrooms, a 6-piece bathroom, ample storage, and a conveniently located washer and dryer. Enjoy hardwood flooring and 9 ceilings throughout, with California shutters in the bedrooms. The kitchen is equipped with stainless steel appliances, a glass tile backsplash, and a walk-in pantry. Ideally situated between the vibrant Queen West and King West neighborhoods, with the popular Waterworks Food Hall, The Well, and St. Andrews Park all within close proximity. Enjoy the convenience of having the TTC just steps away, along with a wide array of cafes, restaurants, shops, and more!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-09-27 | 2024-10-21 | 24 | $999,000 | - | Terminated |
2018-11-21 | 2018-12-11 | 20 | $899,000 | $880,000 | Sold |
Extras
New plumbing 2024 (Kitec removed in 2019), new electrical 2019, terrace fence redone in 2022; Fiber Internet installed.
Nearby Intersections
Property Features
Arts Centre, Library, Park, Public Transit, Rec Centre
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Property Details
Street
Community
City
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 Spaces
1
Parking 1
Owned (B #19)
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 13.98' x 22.87' | Combined W/Dining, Hardwood Floor, W/O To Terrace |
Dining | Main | 13.98' x 22.87' | Combined W/Living, Hardwood Floor |
Kitchen | Main | 8.40' x 9.91' | Stainless Steel Appl, Tile Floor, Pantry |
Prim Bdrm | Upper | 11.68' x 17.88' | Semi Ensuite, Hardwood Floor, W/I Closet |
2nd Br | Upper | 10.99' x 17.39' | California Shutters, Hardwood Floor, Closet |
Foyer | Main | 4.66' x 7.09' | Tile Floor, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
500 Richmond St W 116 is a 2-bedroom 1-bathroom condo listed for sale at $949,900, which is $180,237 (23.4%) higher than the average sold price of $769,663 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $10,296 (1.3%) compared to the previous 30 day period (September 1 - September 30) and down $28,538 (3.6%) from the same time one year ago.Inventory Change
There were 1,340 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 1 - October 30), which is down 13.0% compared with the previous 30 day period (September 1 - September 30) and up 2.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($19,004) (2.5%) below asking price over the last 30 days (October 1 - October 30), which represents a $3,602 decrease compared to the previous 30 day period (September 1 - September 30) and ($16,820) 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 (October 1 - October 30) stood at 39.6%, up from 27.3% over the previous 30 days (September 1 - September 30) and up from 33.8% 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 (October 1 - October 30), 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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