452 - 313 Richmond Street E

Welcome to the stunning condo for sale in Toronto , located at 313 Richmond Street E, Toronto. This impressive studio apartment is part of The Richmond, a highly regarded development by the esteemed Tridel. Nestled in the vibrant community of Moss Park, this property offers an ideal blend of comfort and convenience, making it a perfect choice for both first-time buyers and seasoned investors alike.

This condo for sale in Toronto features a well-thought-out layout, comprising a total of four rooms, including a den that can be utilised as a home office or additional living space. Although it boasts one bathroom, the absence of bedrooms may appeal to those seeking a minimalist lifestyle or a low-maintenance living arrangement. The kitchen is conveniently located on the main floor, providing easy access for entertaining guests or enjoying a quiet meal at home.

The exterior of the building is constructed from durable brick, ensuring both aesthetic appeal and longevity. The apartment is unfurnished, allowing new owners the freedom to personalise the space according to their own tastes and preferences. Central air conditioning ensures a comfortable environment throughout the year, while the absence of a fireplace and pool may be seen as an opportunity to focus on the essentials of urban living.

One of the standout features of this condo for sale in Toronto is the all-inclusive maintenance fee of only $338.50. This fee covers heat, hydro, and water, making budgeting straightforward and hassle-free. The property is well-maintained and established, offering peace of mind to potential buyers. The building is approximately 16 to 30 years old, reflecting a mature community with a solid reputation.

The location of 313 Richmond Street E, Toronto, is particularly advantageous. Situated just steps away from the TTC, residents will enjoy easy access to public transport, making commuting a breeze. The surrounding area is rich with amenities, including shops, restaurants, grocery stores, and parks, ensuring that all daily needs are met within close proximity. Additionally, the nearby DVP provides convenient access to the greater Toronto area, enhancing the appeal of this condo for sale in Toronto.

For those concerned about parking, it is important to note that this unit does not come with designated garage or parking space. However, there is a Green P parking lot nearby, offering daily and monthly parking options for residents and guests alike. This arrangement provides flexibility for those who may require occasional vehicle access without the commitment of owning a parking space.

Investors will find this condo for sale in Toronto to be an exceptional opportunity. With a reliable tenant already in place, paying current market rent, the property promises an income-generating opportunity from day one. The low carrying costs combined with the existing tenancy create a seamless, stress-free addition to any investment portfolio. This is truly the ultimate investment package, allowing for immediate returns without the hassle of finding new tenants.

In summary, this condo for sale in Toronto at 313 Richmond Street E, Toronto, is a remarkable find. With its prime location in the Moss Park community, modern amenities, and all-inclusive maintenance fees, it presents an attractive option for both homebuyers and investors. Whether you are looking to settle into a vibrant urban lifestyle or seeking a reliable income-generating property, this studio apartment offers everything you need. Don’t miss the chance to see it in person and discover the potential that awaits you!

Moss Park, located in the heart of Toronto, is a vibrant and diverse neighbourhood known for its rich history and urban charm. Characterised by its mix of residential buildings, green spaces, and local amenities, the area offers a unique blend of city living and community spirit. The park itself serves as a central hub, providing a welcoming space for recreation and social gatherings, while the surrounding streets are lined with a variety of shops, cafes, and cultural institutions. With excellent public transport links and proximity to downtown Toronto, Moss Park is an ideal location for those seeking a dynamic urban lifestyle while enjoying the comforts of a close-knit neighbourhood atmosphere.

Schools in the Neighbourhood

This property is ideally situated near several educational institutions, making it a great choice for families. The closest option is Market Lane Junior and Senior Public School, located just 0.5 km away, offering grades JK to 8 with a commendable rating of 4.7. For older students, Kapapamahchakwew - Wandering Spirit School is available 1.0 km from the property, catering to grades 9 to 12, although it currently has no rating. Ryerson Community School, 2.8 km away, provides a French-language curriculum for grades JK to 8 and holds a solid rating of 4.6. St. Paul Catholic School, only 0.6 km away, offers a strong Catholic education for grades JK to 8 with an impressive rating of 5.6. For high school students, St. Joseph's College School is located 2.1 km from the property and boasts a rating of 7.2, while St. Mary Catholic School, 3.0 km away, serves grades JK to 4 in French with a rating of 5.9. Overall, this area offers a diverse range of schooling options, ensuring quality education for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 2,145 residents, characterized by a relatively small average household size of 1.5. The demographic profile reveals an average age of 35.6 years, indicating a youthful population. The average household income stands at $98,400, with 12.2% of the population classified as low-income. Housing is predominantly in the form of condominiums, which make up an impressive 99.64% of the housing stock, with an average price of $656,000. The community has a significant percentage of single individuals, comprising 54.9% of the population, while households with children account for 17.89%. The area is also notable for its diversity, with 37.82% of residents being immigrants. Renters represent a substantial portion of the population at 50.36%, reflecting a dynamic rental market. Education levels are high, with 87.27% of residents holding a college or university degree. Additionally, 12.2% of the population is not in the labor force, suggesting a mix of working and non-working residents. Overall, this community presents a vibrant, educated, and diverse environment, appealing to a variety of potential homeowners and renters.