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    Toronto / Downtown / Queen West

    1603 - 199 Richmond St W

    For RentStudio on Richmond
    5.0
    $2,500/mth
    1 Bed
    1 Bath
    0 Parking
    500 - 599 SQFT
    26 Days on Strata
    Est Lease Timeframe
    16 Days

    Listing History

    Unit Highlights

    Possession Date:
    January 5, 2025
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    East
    Locker:
    None
    Laundry:
    Main
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Building Insurance
    Excluded
    Hydro
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Walkout To Balcony
    10.34 x 9.48ft
    Dining
    Laminate, Combined with Kitchen
    12.17 x 10.24ft
    Kitchen
    Laminate, Granite Counter
    0 x 0ft

    About this Listing

    Impeccable location @University and Richmond. East facing functional layout one bedroom unit with city and roof top garden view. Steps to transits, hospital and university in vicinity. Vibrant city vibes with Queen's Park , City Hall and Nathan Philip square nearby. Artsy building with great amenities on the roof top garden (seasonal), gym, party room and more.

    ExtrasFridge, cook top, oven and built in dishwasher, washer and dryer, all electric light fixtures and window blinds included for tenants use during lease term

    re/max atrium home realtyMLS® #C11197567

    Amenities

    Concierge
    BBQs Allowed
    Rooftop Deck
    Party Room
    Guest Suites
    Media Room

    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    18,483
    Average Individual Income
    $71,628
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $108,396
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    43%
    Semi Detached
    25%
    Detached
    24%
    Low Rise Apartment
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    Studio on Richmond vs The Queen West Area

    Building Trends At Studio on Richmond

    Days on Strata

    Units at Studio on Richmond spend an average of
    38
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Queen West

    Turnover of Units

    On average, each unit is owned for
    6.2
    YEARS before being sold again

    Property Value

    -10%
    Decrease in property value within the past twelve months

    Price Ranking

    15th
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    52
    Units were Rented over the past twelve months

    Best Value Rank

    Studio on Richmond offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    Studio on Richmond has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    Studio on Richmond yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    Studio on Richmond is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 199 Richmond Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$498,000$515,000 - $558,000$630,000$784,000 - $840,000No Data$820,000No Data
    Avg. Cost Per Sqft$1,162$1,075$955$953No Data$899No Data
    Avg. Wait for Unit Availability913 Days64 Days59 Days124 Days195 Days465 DaysNo Data
    Ratio of Units in Building3%35%32%19%9%4%2%

    Transactions vs Inventory

    Total number of units listed and leased in Queen West