533 Richmond St W 502
Waterfront Communities C1, Downtown Toronto, M5V 3Y1
FOR SALE
$525,000
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Property Description
This stylish Industrial Inspired Soft Loft is located in the heart of Toronto's vibrant Queen Street West Offering the perfect blend of modern comfort, urban charm, and a thoughtfully designed layout that maximizes every inch of floor space. Situated in a quiet, boutique building, the suite boasts 9 ft ceilings with exposed concrete and ductwork, giving it a trendy loft feel. Floor-to-ceiling windows stretch across the width of the unit, flooding the space with natural light. The 4-piece bathroom was renovated in 2022, and the kitchen was updated in 2021 with stainless steel appliances, including a gas range for precise cooking. In-suite laundry, with a new washer and dryer installed in 2021, adds to the convenience. Located between the lively Trinity-Bellwoods and Kensington-Chinatown neighborhoods, this condo is perfectly situated just steps from Loblaws, Winners, Shoppers Drug Mart, the LCBO, several TTC stops, and so much more. Enjoy a morning coffee from the award-winning Fahrenheit coffee shop located on the ground floor. Richmond Street West, a quieter one-way street, offers a peaceful retreat just steps away from the bustling Queen Street West and the exciting nightlife of King Street West. The newly developed Waterworks building next door features a gourmet food hall, YMCA, and dog park. With easy access to Toronto's expanding bike lane network and a perfect walk score, this is truly a walkers paradise. Experience the best of downtown living in this one-of-a-kind loft.
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Extras
Fridge, Gas Stove (2022)Microwave (2021)Washer/Dryer (2021) Kitchen Island, Window coverings, Electric Light Fixtures,Ceiling Fan, Bathroom & Closet Shelving
Nearby Intersections
King & Bathurst (399)
Queen & Spadina (178)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
0-499
Taxes
$2,282 (2024)
Basement
None
Exterior
Concrete
Heat Type
Fan Coil
Heat Source
Other
Air Conditioning
Central Air
Parking 1
None
Garage Type
Built-In
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.70' x 15.98' | Open Concept, Closet, Sliding Doors |
| Dining | Main | 14.70' x 15.98' | Open Concept, Window Flr to Ceil |
| Kitchen | Main | 14.70' x 15.98' | Open Concept, Stainless Steel Appl, Window Flr to Ceil |
| Prim Bdrm | Main | 8.53' x 10.20' | 4 Pc Ensuite, Ceiling Fan, Sliding Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
533 Richmond St W 502 is a 1-bedroom 1-bathroom condo listed for sale at $525,000, which is $50,075 (8.7%) lower than the average sold price of $575,075 in the last 30 days (September 5 - October 4). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $1,318 (0.2%) compared to the previous 30 day period (August 6 - September 4) and down $40,408 (6.6%) from the same time one year ago.Inventory Change
There were 1,789 1-bedroom condos listed in Downtown Toronto over the last 30 days (September 5 - October 4), which is up 62.6% compared with the previous 30 day period (August 6 - September 4) and up 4.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($11,029) (1.9%) below asking price over the last 30 days (September 5 - October 4), which represents a $1,920 decrease compared to the previous 30 day period (August 6 - September 4) and ($7,551) 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 (September 5 - October 4) stood at 28.7%, down from 47.9% over the previous 30 days (August 6 - September 4) and up from 26.4% 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 30 days when successfully sold over the last 30 days (September 5 - October 4), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Realty Ltd.
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