Downtown luxury meets investment potential this 1+den with two baths, Miele kitchen, and city-view balcony is steps from Torontos best dining, shopping, and entertainment, and is Airbnb-friendly with an AAA tenant in place until 2026.This stunning 1+den at 199 Richmond Street delivers style, comfort, and unbeatable location in the heart of downtown Toronto. Featuring a bright open layout with floor-to-ceiling windows, modern kitchen with Miele appliances, two full bathrooms, and an expansive balcony with vibrant city views, its perfect for both living and entertaining. The spacious den can easily function as a second bedroom or home office. Steps from world-class dining, shopping, entertainment, major teaching hospitals, University of Toronto, Union Station, and the Royal Alexandra Theatre. Currently leased to an AAA tenant until Feb 1, 2026, with building approval for short-term rentals and Airbnb, this is an exceptional opportunity for investors or end users seeking the ultimate urban lifestyle.
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Home Style:
Apartment
Total Approx Floor Area:
700-799
Exposure:
North
Bedrooms:
1+1
Bathrooms:
2.0
Kitchens:
1
Bedrooms Above Grade:
1
Bedrooms Below Grade:
1
Kitchens Above Grade:
1
Rooms Above Grade:
5
Heating type:
Forced Air
Heating Fuel:
Gas
Storey:
3
Balcony:
Open
Basement:
None
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Type:
None
Parking Spaces:
0
Total Parking Spaces:
0.0
Locker Level:
3
Locker Unit:
18
Locker:
Owned
Family Room:
No
Possession Details:
TBD
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$803
Maintenance fees include:
Common Elements Included, Building Insurance Included, CAC Included
Taxes:
$2,980.89 /
2024
Assessment:
$- /
-
Toronto C01
Waterfront Communities C1
Toronto
Other
Restricted
Concrete
Floor
Type
Size
Other
Main
Living Room
18'1"5.51 m × 11'1"3.38 m
Laminate, Combined w/Dining, Balcony
Main
Dining Room
18'1"5.51 m × 11'1"3.38 m
Laminate, Combined w/Living, Window Floor to Ceiling
Data was last updated September 7, 2025 at 12:15 PM (UTC)
Area Statistics
Listings on market:
791
Avg list price:
$698,800
Min list price:
$339,900
Max list price:
$22,500,000
Avg days on market:
45
Min days on market:
1
Max days on market:
725
These statistics are generated based on the current listing's property type
and located in
Waterfront Communities C1. Average values are
derived using median calculations. This data is not produced by the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.