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$670,000Asking Price

199 Richmond Street W 418, Toronto C01, ON M5V 0H4 #418

Entertainment District, Toronto

Condo
1 + 1
Bedrooms
2
Baths
1
Parking
Days on Market

Take a full 3D interactive virtual tour of this suite and explore every detail from home. Currently tenanted at $2,750 per month, this property 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.

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Tour this home:

Take a full 3D interactive virtual tour of this suite and explore every detail from home. Currently tenanted at $2,750 per month, this property 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.

Key Info

  • Apartment Condo
  • 1 Parking
  • Richmond Street West / University Ave
  • 700-799 Approximate Sq Feet
  • 6-10 Years Approximate Age
  • North Exposure
  • Ensuite Laundry
  • Owned Locker #170
  • Forced Air Gas Heating
  • Central Air

Property

  • $920 Monthly Condo Fees
  • Includes: Heat, Common Elements, Building Insurance, Parking.
  • Excludes: Hydro, Water, Cable TV, Central A/C
  • Amenities: Concierge, Gym, Sauna
  • Taxes were $2,609 in 2025

Details

  • Concrete Exterior
  • No Fireplace
  • 1 Kitchen
  •  
  • Condo Corporation #2517
  • Condo Registry Office: TSCC
  • MLS #C12534322
  • RIGHT AT HOME REALTY

Extras

Room Floor Dimensions Details
1 Kitchen Flat 18.70' x 12.47' Open Concept, Built-in Appliances, Laminate
2 Den Flat 9.51' x 7.55' Sliding Doors, Laminate
Washroom1 4-Piece Bathroom in Flat
Washroom1 3-Piece Bathroom in Flat

Who lives here?

Entertainment District, Toronto is a central Toronto neighbourhood notable for its singles, renters, university grads, executives and business, science, education, law & public sector and arts & culture professionals. Residents tend to be younger with a significant number of youth aged 20 to 24 and adults aged 25 to 44.

Families

Kids Per Family

0.3

kids per family
in the neighbourhood.

Toronto  (1.2)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

60% of residents are
single and loving it.

60% singles

Toronto (50%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

62% of residents
are renters.

62% renters

Toronto (47%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

83% of residents are
university grads.

83% university grads

Toronto (48%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$149K

is the average household
income in the neighbourhood.

Toronto  ($132K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Business 26%
Management 16%
Sciences 12%
Government 12%
Sales 12%

Immigrants

34% of residents were
born outside of Canada.

34% immigrants

Toronto (48%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

China was once home to 4.8% of immigrants.
India 3.7%
Iran 2.2%
Hong Kong 1.8%
Philippines 1.6%

4.8% from China
All-time

Birthplace - Recent

China was once home to 3.0% of immigrants.
India 2.4%
Iran 1.3%
UK 0.8%
Philippines 0.5%

3.0% from China
Recent

Foreign Languages

Foreign Languages

Mandarin 4%
Cantonese 4%
French 3%
Persian 3%
Spanish 2%

Religions

Religions

Christian 44%
Muslim 5%
Hindu 3%
Jewish 2%
Buddhist 2%

Social Housing

Social Housing Buildings

0

Social housing buildings
in the neighbourhood.

Gta Avg (5.19)

Shelters

Shelters

1

Homeless shelters in
the neighbourhood.

Gta Avg (0.54)