500 Richmond St W 324

FOR SALE
$595,000
500 Richmond St W 324, Downtown Toronto
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
500 Richmond St W 324
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
3
ROOMS
C8391690
MLSID
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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 openconcept living/dining/kitchen area is perfect for entertaining while also offering a quiet retreat in the middle of the city. Bedroom offers ample spacewith 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 beviewed directly from the north-facing balcony. Residents will have a plethora of choices for groceries, parks/outdoor space, shopping & TTC transitaccess + much more.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-05-02 2024-05-31 29 $644,000 - Terminated
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
Property Details
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
Room Summary
RoomLevelSizeFeatures
LivingMain21.00' x 14.99'Combined W/Dining, Combined W/Kitchen, W/O To Balcony
BrMain12.01' x 10.01'North View
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
500 Richmond St W 324 is a 1-bedroom 1-bathroom condo listed for sale at $595,000, which is $8,181 (1.4%) lower than the average sold price of $603,181 in the last 30 days (May 31 - June 29). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $9,759 (1.6%) compared to the previous 30 day period (May 1 - May 30) and down $37,543 (5.9%) from the same time one year ago.
Inventory Change
There were 1,659 1-bedroom condos listed in Downtown Toronto over the last 30 days (May 31 - June 29), which is down 10.0% compared with the previous 30 day period (May 1 - May 30) and up 9.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,910) (1.8%) below asking price over the last 30 days (May 31 - June 29), which represents a $3,101 decrease compared to the previous 30 day period (May 1 - May 30) and ($278) 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 (May 31 - June 29) stood at 32.1%, down from 33.0% over the previous 30 days (May 1 - May 30) and down from 71.2% 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 25 days when successfully sold over the last 30 days (May 31 - June 29), compared to 46 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Realty Ltd.
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