Take a full 3D interactive virtual tour of this suite and explore every detail from home. Currently tenanted at $2,750 per month, this 1+ Den condo offers built-in income for buyers seeking a turnkey investment or a flexible downtown residence with strong rental appeal. In a market filled with 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 731 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.
Address
418 - 199 Richmond Street W
List Price
$599,000
MLS® Status
New
Expiration Date
2026-05-22
Property Type
Residential Condo & Other
Type of Dwelling
Condo Apartment
Style of Home
Apartment
Transaction Type
Sale
Area
Toronto C01
Sub-Area
Waterfront Communities C1
Region
Toronto
Bedrooms
1 + 1
Bedrooms (Total)
2
Rooms Above Grade
5
Bathrooms
2
Floor Area
700-799 Sq. Ft.
Square Foot Source
Seller
Lot Size Source
MPAC
Parcel Number
765170059
Occupant Type
Tenant
Cross Street
Richmond Street West / University Ave
Approx. Age
6 - 10 Years
Maint. Fee
$920.52
MLS® Number
C12906098
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
None
Postal Code
M5V 0H4
Parking
None
Parking Places (Total)
1
Tax Amount
$2,609.14
Tax Year
2025
Property Management Company
ICC Property Management Ltd.
Pets
Yes-with Restrictions
Site Influences
Arts Centre, Hospital, Park, Public Transit
Interior Features
Carpet Free
Property Features
Arts Centre, Public Transit, Hospital, Park
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Association Amenities
Community BBQ, Game Room, Gym, Party Room/Meeting Room, Recreation Room, Sauna
Association Fee Includes
Heat Included, Common Elements Included, Building Insurance Included, Parking Included
Association Name
TSCC
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Balcony Type
Enclosed
Construction Materials
Concrete
Exposure
North
Fireplace
No
Garage
Yes
Garage Type
Underground
Covered Spaces
1
Kitchens Total
1
Kitchens Above Grade
1
Laundry Features
Ensuite
Legal Level Number
4
View Type
City
Waterfront
No
Locker
Owned
Locker Level
A
Locker Number
170
Building Name
Studio on Richmond
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Flat | Living Room | 5.7 x 3.8 | Combined w/Dining, Laminate, W/O To Balcony |
| Flat | Dining Room | 5.7 x 3.8 | Combined w/Kitchen, Combined w/Living, Laminate |
| Flat | Kitchen | 5.7 x 3.8 | B/I Appliances, Laminate, Open Concept |
| Flat | Bedroom | 3 x 2.7 | 3 Pc Ensuite, Double Closet, Large Window |
| Flat | Den | 2.9 x 2.3 | Laminate, Sliding Doors |
