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Apartment for sale: 518 - 199 RICHMOND STREET W, Toronto
518 - 199 Richmond Street W
$599,000
Toronto , Ontario M5V0H4
2 bed
2 bath
About the Property

Cross Streets: Richmond/University. ** Directions: North on University, West on Richmond, located on the left hand side just past Simcoe St. In a downtown market crowded with just another one-bedroom-plus-den, this suite stands apart. 199 Richmond St W is one of the rare buildings where short-term rentals are permitted within condo guidelines -- an option that changes the math for investors and anyone who values flexibility in the Entertainment District, where the event calendar never stops.

This unit packs a lot into 724 sq ft: a fully enclosed den with sliding doors functions as a real second bedroom or quiet office, and two full bathrooms make shared living, hosting, or maximizing nightly rental rates practical. The kitchen is streamlined along one wall with built-in Miele appliances and a panelled fridge and dishwasher, leaving true space for living and dining; nearly nine-foot ceilings and a wall of windows open it up, and a covered, full-width balcony stays private and usable year-round. The primary bedroom offers natural light and a double closet. A pantry-style closet off the living area helps keep everyday clutter in check. Parking and a locker are included -- serious value in this location. Outside, Osgoode Station is minutes away; Queen and King West, Roy Thomson Hall, Rogers Centre, and standout restaurants are an easy walk. When you want calm, the building's green second-floor terrace, rooftop BBQs, gym, yoga studio, billiards lounge, and party rooms feel like real extensions of home. Here, your monthly fees deliver more: parking, storage, premium amenities, and the freedom to generate income in ways most downtown condos don't allow. For investors, professionals, or parents looking for a turnkey condo with strong rental potential, this is a rare opportunity to secure a revenue-smart home in the heart of the city. What makes this listing even more compelling? It's priced well below the average price-per-square-foot for both the building and the neighbourhood -- real value in today's market, with added upside for savvy buyers ready to ride the next upswing. (id:27476)

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Property Details
MLS® Number
C12352078
Type
Single Family
Community Name
Waterfront Communities C1
Maintenance Fee
$920.52
Ownership Type
Condominium/Strata
Parking Space Total
1
Building
Building Type
Apartment
Square Footage
700 - 799 sqft
Bathrooms Total
2
Bedrooms Above Ground
1
Bedrooms Total
2
Amenities
Storage - Locker Hospital, Public Transit, Schools
Exterior Finish
Concrete
Fireplace Present
No
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning
Room Layout
Living room
Flat
5.7 m x 3.8 m
Kitchen
Flat
5.7 m x 3.8 m
Primary Bedroom
Flat
2.7 m x 3 m
Den
Flat
2.9 m x 2.3 m
Monthly Payment Calculator
$
%
3.49%
5.5%
6%
7%
Years
15 Years
20 Years
25 Years
30 Years
Your Monthly Payment
$3,625
Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca

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Listing provided by: BSPOKE REALTY INC.

$599,000 - 518 - 199 RICHMOND STREET W, Toronto Ontario M5V 0H4, Canada | Real Estate For Sale | HomeAds.ca

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Updated October 19th 2025 8:50 am

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Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca
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