199 Richmond ST W #518 Active Save Request In-Person Tour Request Virtual Tour
Toronto C01,ON M5V 0H4
Key Details
Property Type Condo
Sub Type Condo Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-799
Subdivision Waterfront Communities C1
MLS Listing ID C12352078
Style Apartment
Bedrooms 2
HOA Fees $920
Annual Tax Amount $3,770
Tax Year 2025
Property Sub-Type Condo Apartment
Property Description
In a downtown market crowded with just another one-bedroom-plus-den, this suite stands apart. 199 Richmond St W is one of the rare buildings where short-term rentals are permitted within condo guidelines -- an option that changes the math for investors and anyone who values flexibility in the Entertainment District, where the event calendar never stops. This unit packs a lot into 724 sq ft: a fully enclosed den with sliding doors functions as a real second bedroom or quiet office, and two full bathrooms make shared living, hosting, or maximizing nightly rental rates practical. The kitchen is streamlined along one wall with built-in Miele appliances and a panelled fridge and dishwasher, leaving true space for living and dining; nearly nine-foot ceilings and a wall of windows open it up, and a covered, full-width balcony stays private and usable year-round. The primary bedroom offers natural light and a double closet. A pantry-style closet off the living area helps keep everyday clutter in check. Parking and a locker are included -- serious value in this location. Outside, Osgoode Station is minutes away; Queen and King West, Roy Thomson Hall, Rogers Centre, and standout restaurants are an easy walk. When you want calm, the building's green second-floor terrace, rooftop BBQs, gym, yoga studio, billiards lounge, and party rooms feel like real extensions of home. Here, your monthly fees deliver more: parking, storage, premium amenities, and the freedom to generate income in ways most downtown condos don't allow. For investors, professionals, or parents looking for a turnkey condo with strong rental potential, this is a rare opportunity to secure a revenue-smart home in the heart of the city. What makes this listing even more compelling? It's priced well below the average price-per-square-foot for both the building and the neighbourhood -- real value in today's market, with added upside for savvy buyers ready to ride the next upswing.
Location
Province ON
County Toronto
Community Waterfront Communities C1
Area Toronto
Rooms
Family Room No
Basement None
Kitchen 1
Separate Den/Office 1
Interior
Interior Features Built-In Oven,Carpet Free,Countertop Range,Storage Area Lockers
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 1.0
Exposure North
Total Parking Spaces 1
Balcony Open
Building
Story 5
Unit Features Hospital,Public Transit,School
Locker Owned
Others
Pets Allowed Restricted
Virtual Tour https://www.getwhatyouwant.ca/whitelabel/199-richmond-st-w-518-2