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New6 days ago

427 - 543 Richmond Street W

Waterfront Communities C1, Toronto

$499,000

Condo Apartment |
1 + 1 | 2 | 0 | 1
About this home

Spacious King West living! Location and Layout matters! Offering approximately 755 sq. ft., this well-proportioned 1+1 bedroom suite delivers the space and functionality of a two-bedroom layout. 9 ft High ceilings and desirable South exposure enhance the sense of openness and natural light, making the suite feel even more spacious in person. Enjoy a open, SOUTH-facing pool view and the added convenience of a LOCKER LOCATED ON THE SAME FLOOR. Ideal for storing bicycles, seasonal items, and everyday essentials without needing to use the elevator. Ideally located near Portland Street in the heart of King West, you'll be steps from some of Toronto's best restaurants, cafés, entertainment, transit, and downtown conveniences. With comparatively reasonable maintenance fees, this suite offers an exceptional combination of comfort, convenience, and value in one of downtown Toronto's most vibrant neighbourhoods.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size700-799 sq. ft.
Maintenance Fees$570
LockerOwned
BalconyOpen
ExposureSouth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesUnderground
Property Tax$3,959
mls© NumberC13615832
Listed ByROYAL LEPAGE SIGNATURE REALTY
Heat Included
Water Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,554
Property tax
$330
Heat allowance
$150
Condo fees, half counted
$285
Housing costs
$3,319 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $99,800
25-yr amortization

Income needed

$102,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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