318 - 199 Richmond Street W

Nestled in the vibrant heart of downtown Toronto, this stunning condo for sale in Toronto at 199 Richmond Street W is a remarkable opportunity for those seeking both luxury and investment potential. With its prime location in the Waterfront Communities C1 area, this 1-bedroom plus den apartment boasts an impressive array of features that make it a standout choice for anyone looking to embrace the urban lifestyle.

As you step into this beautifully designed apartment, you are greeted by a bright and airy open layout, enhanced by floor-to-ceiling windows that flood the space with natural light. The modern kitchen, equipped with high-end Miele appliances, is perfect for culinary enthusiasts and offers ample space for preparing meals and entertaining guests. With two full bathrooms, this condo for sale in Toronto ensures that comfort and convenience are paramount, making it ideal for both personal use and hosting visitors.

The den, which can easily serve as a second bedroom or a dedicated home office, adds versatility to the living space. Whether you’re working from home or accommodating guests, this additional room enhances the functionality of the apartment. The expansive balcony provides a perfect spot to unwind while enjoying vibrant city views, making it an ideal retreat after a long day.

Located just steps away from some of Toronto's best dining, shopping, and entertainment options, this condo for sale in Toronto is perfectly situated for those who wish to immerse themselves in the city's dynamic culture. With major teaching hospitals, the prestigious University of Toronto, Union Station, and the Royal Alexandra Theatre all within close proximity, residents will find themselves at the centre of it all.

The property is currently leased to an AAA tenant until February 1, 2026, offering a fantastic investment opportunity for prospective buyers. Furthermore, the building has received approval for short-term rentals and Airbnb, making this condo for sale in Toronto not only a stylish living space but also a lucrative investment option for those looking to enter the rental market.

This apartment, located at 199 Richmond Street W, Toronto, is unfurnished, allowing you to personalise the space to your taste. With central air conditioning to keep you cool during the warmer months and forced air heating for those chilly winters, comfort is assured year-round. Although there is no pool or fireplace, the amenities and features of this condo more than compensate, providing a luxurious living experience in the bustling city.

In terms of practicality, this condo does not include a garage or parking space, but the central location means that public transport and local amenities are easily accessible. The absence of additional land and a basement simplifies maintenance and upkeep, allowing you to focus on enjoying the vibrant lifestyle that downtown Toronto has to offer.

In summary, this exceptional condo for sale in Toronto at 199 Richmond Street W is a perfect blend of style, comfort, and investment potential. With its prime location, modern features, and the flexibility of short-term rentals, it is an ideal choice for both investors and those seeking a chic urban residence. Don’t miss the chance to own a piece of downtown Toronto living; this property truly encapsulates the essence of city life. Whether you are looking to make it your home or an investment, this condo for sale in Toronto is not to be overlooked.

Waterfront Communities C1 is a vibrant and dynamic neighbourhood nestled along the shores of Lake Ontario in Toronto. This area boasts a stunning blend of modern residential developments, cultural attractions, and green spaces, making it an ideal locale for those seeking an urban lifestyle with a touch of nature. Residents can enjoy picturesque waterfront parks, scenic promenades, and a plethora of dining and entertainment options, all within easy reach. The community is well-connected by public transport, allowing for convenient access to the bustling downtown core and beyond. With its lively atmosphere and stunning views, Waterfront Communities C1 offers a unique urban experience that appeals to both young professionals and families alike.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of academic needs for families. The closest option is Ogden Junior Public School, just 0.5 km away, offering grades JK to 6 with a solid school rating of 7.6. For older students, Kapapamahchakwew - Wandering Spirit School is 1.0 km away, serving grades 9 to 12, although it currently has no rating available. Additionally, Beverley School, located 0.9 km from the property, provides education from JK to 8, while Ryerson Community School, 1.2 km away, offers a French curriculum for grades JK to 8, with a lower rating of 3.8. Families seeking a Catholic education can consider St. Mary Catholic School, 1.4 km away, which serves grades JK to 8 and has a rating of 5.7, as well as St. Joseph's College School, 1.7 km away, for grades 9 to 12, boasting a rating of 7.6. Overall, this area offers a diverse selection of public and Catholic schools, ensuring quality education options for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 3,025 residents, with an average household size of 1.5 individuals. The demographic profile indicates a relatively young community, with an average age of 32.4 years. The average household income is notably high at $116,400, although 16.8% of the population falls within the low-income bracket. The real estate market reflects a robust demand, with an average property price of $854,000. A significant portion of the population, 62.8%, is single, and households with children make up 20.72% of the community. The area is diverse, with 39.61% of residents being immigrants. Renters dominate the housing landscape, comprising 64.05% of the population, and condos are prevalent, accounting for 99.24% of housing types. Educational attainment is high, with 87.46% of residents holding a college or university degree. Additionally, 13.9% of the population is not in the labor force, indicating a mix of professionals and potentially students or retirees. Overall, this community presents a vibrant and educated demographic, ideal for those seeking a dynamic living environment.