330 Richmond Street Unit 605, Toronto C01

Price: $439,000

0 bedrooms, 1 bathrooms

Property Type: Condo

MLS#: C12865812

Nestled in the heart of Downtown Toronto's Entertainment District, just steps from Queen St W and Spadina Ave, this bachelor gem has it all! Enjoy ***a sleek MODERN KITCHEN with STONE COUNTERS as well as integrated and STAINLESS STEEL APPLIANCES ***399sqft of open concept space plus a 27sqft WEST FACING BALCONY ***floor to ceiling windows ***9 foot HIGH CEILINGS ***smooth, light coloured LAMINATE FLOORING ***ensuite laundry ***as well as an underground LOCKER (24"x 48") offering ample extra storage space. Call this dream studio suite your own! Perfect for newlyweds looking for a fresh start, young professionals, students and investors. Live just a short walk from shops, restaurants, cafes, Osgood TTC Station, Roy Thomson Hall, the Art Gallery of Ontario, Grange Park, Nathan Phillips Square. Approx. 20 minutes walk to the University of Toronto. Amenities include: ROOFTOP DECK & POOL, gym, yoga studio, showers and sauna, theater room, game room, party room, and 24 hour concierge. High speed internet included!

330 Richmond Street Unit 605 - Condo photo 1 of 26 in Downtown Toronto / Waterfront, Ontario
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$439,000 - 330 Richmond Street Unit 605, Downtown Toronto

Condo for Sale in Downtown Toronto

100 days on market
0Beds
1Baths
N/ASq Ft
Condo
Property Details
MLS Number
C12865812
Property Type
Condo
Status
active
Days on Site
100
Bedrooms
0
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Downtown Toronto / Waterfront
Locker
Owned
Exposure
West
Balcony
Open
Listing Brokerage
HOMELIFE LANDMARK REALTY INC.
Description

Nestled in the heart of Downtown Toronto's Entertainment District, just steps from Queen St W and Spadina Ave, this bachelor gem has it all! Enjoy ***a sleek MODERN KITCHEN with STONE COUNTERS as well as integrated and STAINLESS STEEL APPLIANCES ***399sqft of open concept space plus a 27sqft WEST FACING BALCONY ***floor to ceiling windows ***9 foot HIGH CEILINGS ***smooth, light coloured LAMINATE FLOORING ***ensuite laundry ***as well as an underground LOCKER (24"x 48") offering ample extra storage space. Call this dream studio suite your own! Perfect for newlyweds looking for a fresh start, young professionals, students and investors. Live just a short walk from shops, restaurants, cafes, Osgood TTC Station, Roy Thomson Hall, the Art Gallery of Ontario, Grange Park, Nathan Phillips Square. Approx. 20 minutes walk to the University of Toronto. Amenities include: ROOFTOP DECK & POOL, gym, yoga studio, showers and sauna, theater room, game room, party room, and 24 hour concierge. High speed internet included!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,252.30/mo

Includes CMHC insurance ($12,248)

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5-yr fixed avg.

Principal: $395,100Interest: $268,341
Mortgage Amount$407,348
Total Interest$268,341
Est. Property Tax$311/mo
Total Cost$675,689

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Downtown Toronto / Waterfront

Discover Downtown Toronto / Waterfront

Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Downtown Toronto / Waterfront

  • Convenient location in Downtown Toronto / Waterfront
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

330 Richmond Street Unit 605, Downtown Toronto / Waterfront

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
3.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$975
Property Tax (est.)-$311
Insurance (est.)-$91
Net Cash Flow+$1,383

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Negotiation Opportunity

At 100 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 0 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    330 Richmond Street Unit 605 | $439,000 | Battaglia Team