$575,000
FOR SALE

Condo Apartment

Bedrooms: 2Bathrooms: 2
2025 Taxes: $2,609.14Maintenance Fees: $920.52

199 Richmond St W #418
Toronto, ON M5V 0H4 | Waterfront Communities C1

Check out the 3D interactive virtual tour! This suite is currently tenanted at $2750/ month, and offers built-in income for buyers seeking a turnkey investment or a flexible downtown residence with strong rental appeal. In a market filled with one-bedroom-plus-den listings, this suite stands apart. Located in the sought-after Studio on Richmond by Aspen Ridge Homes, it is one of the few downtown buildings that allows short-term rentals within condo guidelines - an advantage that expands options for both investors and end users.The 724 square foot layout is exceptionally functional, with an enclosed den featuring sliding doors that can serve as a second bedroom or private office, and two full bathrooms ideal for shared living or hosting. The kitchen is streamlined along one wall with built-in Miele appliances, a panelled fridge and dishwasher, and generous space for dining and living. Nearly nine foot ceilings and floor-to-ceiling windows fill the suite with natural light, while a full-width covered balcony remains private and usable year-round. The primary bedroom includes a double closet, and a pantry-style closet off the living area keeps clutter out of sight. Parking and a locker are included, adding real value in this prime location. Outside your door, Osgoode Station is only minutes away. Queen and King West, Roy Thomson Hall, Rogers Centre, and many of Toronto's top restaurants are within easy reach. When you want calm, enjoy the building's resort-style amenities, including a green second-floor terrace, rooftop BBQs, gym, yoga studio, billiards lounge, party rooms, and lightning-fast FibreStream Internet. This is a revenue-smart opportunity in one of downtown Toronto's most vibrant and desirable neighbourhoods.Book your private showing today!
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Listed By RIGHT AT HOME REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C13124866
Last Updated May 13, 2026
Property Summary
Property Type Condo Apartment

More like this:
PIN 765170059
Taxes (2025) $2,609.14
Maintenance Fees $920.52
Directions/Cross Streets Richmond St West / University Ave
Neighbourhood Waterfront Communities C1
Area Toronto
Price History

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Detailed Information
Special Designations Unknown
Bedrooms 2
Bathrooms 2
Exterior Concrete
Air Conditioning Central Air
Garage Type Underground
Garage/Park Spaces Y
Heat Source Gas
Heat Type Forced Air

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