500 Richmond St W 324
Waterfront Communities C1, Downtown Toronto, M5V 3N4
FOR SALE
$644,000
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Property Description
Come enjoy the best that Queen St West has to offer in this beautiful, well-laid out 700+ Sq. Ft 1-Bed unit. The spacious open-concept living/dining/kitchen area is perfect for entertaining while also offering a quiet retreat in the middle of the city. Bedroom offers ample space with a double-closet & window facing the unit's private balcony.This unit is move-in ready with freshly painted walls, 3-year old kitchen appliances, upgraded light fixtures & quartz countertops. Art lovers will get to enjoy an ever changing canvas of amazing work from Graffiti Alley which can be viewed directly from the north-facing balcony. Residents will have a plethora of choices for groceries, parks/outdoor space, shopping & TTC transit access + much more.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-15 | 2024-03-28 | 42 | $638,000 | - | Suspended |
| 2023-11-10 | 2024-02-10 | 92 | $650,000 | - | Expired |
| 2021-03-23 | 2021-03-25 | 2 | $2,150 | $2,150 | Leased |
| 2020-02-20 | 2020-04-18 | 57 | $2,000 | - | Suspended |
Extras
All shelving & mirrors in bathroom will remain with unit.
Nearby Intersections
Property Features
Park, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$2,599 (2023)
Basement
None
Exterior
Brick Front, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (Level A)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 21.00' x 14.99' | Combined W/Dining, Combined W/Kitchen, W/O To Balcony |
| Br | Main | 12.01' x 10.01' | North View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
500 Richmond St W 324 is a 1-bedroom 1-bathroom condo listed for sale at $644,000, which is $44,125 (7.4%) higher than the average sold price of $599,875 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $4,762 (0.8%) compared to the previous 30 day period (March 15 - April 13) and down $30,572 (4.8%) from the same time one year ago.Inventory Change
There were 2,111 1-bedroom condos listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 75.9% compared with the previous 30 day period (March 15 - April 13) and up 76.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($8,857) (1.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $738 decrease compared to the previous 30 day period (March 15 - April 13) and ($1,653) 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 (April 14 - May 13) stood at 28.7%, down from 54.9% over the previous 30 days (March 15 - April 13) and down from 69.0% 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 25 days when successfully sold over the last 30 days (April 14 - May 13), compared to 41 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Realty Ltd.
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