530 Richmond St W
Waterfront Communities C1, Downtown Toronto, M5V 1Y4
FOR SALE
$1,549,000
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BEDROOMS3
BATHROOMS2
KITCHENS8
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Property Description
Welcome to this exceptional duplex property, recently renovated to offer a blend of residential comfort and income potential.This property caters to diverse needs. The upper unit is currently rented, while the lower unit remains vacant, providing the option to reside in one and rent out the other.Situated directly across from the newly completed Waterworks YMCA and Food Hall, with easy access from Richmond, this duplex enjoys an enviable location. The lower unit has been meticulously renovated, offering a turnkey solution for the new owner. Boasting 4 bedrooms, 3 bathrooms, 2 kitchens, 2 laundries, and 2 expansive decks across two-and-a-half floors, this property provide sample living space with minimal maintenance requirements.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-05-14 | 2021-06-05 | 22 | $3,200 | $3,000 | Leased |
| 2021-04-07 | 2021-05-15 | 38 | $3,200 | - | Terminated |
Extras
Located in a high-demand area close to shops, restaurants, public transit, groceries, universities, and the Gardiner Expressway, this duplex ensures convenience at every turn.
Nearby Intersections
King & Bathurst (406)
Queen & Spadina (176)
Property Features
Fenced Yard, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Duplex, 2 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
19' x 63'
Fronting
North
Taxes
$6,860 (2024)
Basement
Finished
Exterior
Stucco/Plaster
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Driveway
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 4.92' x 5.58' | Ceramic Floor |
| Living | Main | 8.07' x 12.34' | Pot Lights, Window, Combined W/Dining |
| Dining | Main | 10.01' x 10.99' | Bay Window, Combined W/Living, Pot Lights |
| Kitchen | Main | 7.35' x 10.66' | B/I Appliances, Custom Counter, Custom Backsplash |
| Br | Main | 7.58' x 8.50' | Window, Laminate, W/O To Deck |
| Living | Upper | 11.32' x 14.07' | Hardwood Floor, Pot Lights, Open Concept |
| Kitchen | Upper | 10.99' x 14.34' | B/I Appliances, Custom Counter, Pot Lights |
| 2nd Br | Upper | 10.66' x 14.17' | Hardwood Floor, Picture Window, Wall Sconce Lighting |
| 3rd Br | 3rd | 11.32' x 13.48' | Skylight, W/O To Deck, Pot Lights |
| 4th Br | Lower | 13.32' x 16.83' | Above Grade Window, Pot Lights, W/I Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
530 Richmond St W is a 4-bedroom 3-bathroom home listed for sale at $1,549,000, which is $407,698 (20.8%) lower than the average sold price of $1,956,698 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 4 bedroom home in Downtown Toronto declined by $64,381 (3.2%) compared to the previous 30 day period (September 1 - September 30) and up $83,600 (4.5%) from the same time one year ago.Inventory Change
There were 673 4-bedroom homes listed in Downtown Toronto over the last 30 days (October 1 - October 30), which is down 16.1% compared with the previous 30 day period (September 1 - September 30) and up 19.8% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Downtown Toronto typically sold ($26,456) (1.4%) below asking price over the last 30 days (October 1 - October 30), which represents a $703 increase compared to the previous 30 day period (September 1 - September 30) and ($16,532) 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 4-bedroom homes in Downtown Toronto over the last 30 days (October 1 - October 30) stood at 47.3%, up from 27.8% over the previous 30 days (September 1 - September 30) and up from 38.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Downtown Toronto stood at 22 days when successfully sold over the last 30 days (October 1 - October 30), compared to 46 days before being removed from the market upon being suspended or terminated.Listing contracted with Harvey Kalles Real Estate Ltd.
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