$2,199,000 - 728 Richmond Street, Downtown Toronto
Townhouse for Sale in Downtown Toronto
New — Listed 3 days ago- MLS Number
- C13412686
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 3
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Fully renovated in 2023, architecturally designed home by Vanessa Fong seamlessly blends modern minimalism with advanced functionality. Steel-reinforced & filled with natural light & oak flooring, creating airy & refined atmosphere throughout. Oversized, noise-cancelling windows provide tranquility. Fully integrated smart home system allows control of lighting, blinds, climate & garage doors, powered by solar panels. Main level is designed with both everyday living & entertaining, anchored by sleek, contemporary kitchen featuring oversized Caesarstone centre island with seating & extensive custom wood cabinetry. High-end appliances include Sub-Zero fridge, Wolf wall oven, Miele built-in coffee machine & beverage fridge. Built-in banquette offers a stylish & functional dining space, while the adjoining living area is cleanly designed with integrated media wiring. Glass-enclosed office or reading room with privacy door provides quiet & sophisticated workspace, along with powder room. Newly constructed oversized garage features front & rear garage doors can be opened for seamless indoor-outdoor flow, along with rough in for EV charging, while the rear patio features retractable awning & newly installed fencing for added privacy. Upstairs, 3 large bedrooms are complemented by abundant built-in storage, beautiful main bathroom & private primary ensuite. Fully finished & dug out lower level extends the home's living space with radiant heated floors, creating a warm & inviting environment ideal for family use. Spacious media & rec area, additional bedroom or office, full bathroom, dedicated laundry & mechanical room including on-demand water heating, adding more storage options. Perfectly positioned just off Queen West, this home is in a family-oriented enclave while being steps from Toronto's most vibrant & culturally rich neighbourhoods. Short walk to Trinity Bellwoods Park, city's best cafes, restaurants, Ossington Strip, TTC, future Ontario Line & top schools.
Estimate your monthly payments for this property
Estimated Payment
$9,726.92/mo
5-yr fixed avg.
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.
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
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.
728 Richmond Street, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1466/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Downtown Toronto have shown strong appreciation as families seek more space.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $9,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.