Downtown luxury meets investment potential this 1+den with two baths, Miele kitchen, and city-view balcony is steps from Torontos best dining, shopping, and entertainment, and is Airbnb-friendly with an AAA tenant in place until 2026.This stunning 1+den at 199 Richmond Street delivers style, comfort, and unbeatable location in the heart of downtown Toronto. Featuring a bright open layout with floor-to-ceiling windows, modern kitchen with Miele appliances, two full bathrooms, and an expansive balcony with vibrant city views, its perfect for both living and entertaining. The spacious den can easily function as a second bedroom or home office. Steps from world-class dining, shopping, entertainment, major teaching hospitals, University of Toronto, Union Station, and the Royal Alexandra Theatre. Currently leased to an AAA tenant until Feb 1, 2026, with building approval for short-term rentals and Airbnb, this is an exceptional opportunity for investors or end users seeking the ultimate urban lifestyle.
Address
318 - 199 Richmond Street W
List Price
$458,900
MLS® Status
New
Expiration Date
2026-02-14
Property Type
Residential Condo & Other
Type of Dwelling
Condo Apartment
Style of Home
Apartment
Transaction Type
Sale
Area
Toronto C01
Sub-Area
Waterfront Communities C1
Region
Toronto
Bedrooms
1 + 1
Bedrooms (Total)
2
Rooms Above Grade
5
Bathrooms
2
Floor Area
700-799 Sq. Ft.
Square Foot Source
Owner
Parcel Number
765170037
Occupant Type
Tenant
Cross Street
Richmond St W & University
Maint. Fee
$803.00
MLS® Number
C12545246
Listing Brokerage
FOREST HILL REAL ESTATE INC.
Basement Area
None
Postal Code
M5V 0H4
Posession Details
TBD
Tax Amount
$2,980.89
Tax Year
2024
Property Management Company
Icc Property Management
Pets
Yes-with Restrictions
Interior Features
Other
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Association Fee Includes
Common Elements Included, Building Insurance Included, CAC Included
Association Name
TSCC
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Balcony Type
Open
Construction Materials
Concrete
Exposure
North
Fireplace
No
Garage
No
Garage Type
None
Kitchens Total
1
Kitchens Above Grade
1
Laundry Features
Ensuite
Legal Level Number
3
Waterfront
No
Locker
Owned
Locker Level
3
Locker Unit
18
