315-500 Richmond Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13068594
About this home
This exceptionally designed, 1144 square foot, one-bedroom plus den, two-bathroom masterpiece in Cityscape Terrace reflects superior craftsmanship and attention to detail over two immaculate floors. Featuring a unique, customized layout with an abundant interior and exterior space, the entertainer's main floor showcases a tranquil and bright living & dining room which seamlessly integrates into an expansive west-facing private terrace oasis overlooking picturesque Augusta Street. The contemporary kitchen is a chef's dream and features stainless steel appliance, ample preparation space and storage throughout. The private upper level features a large primary bedroom retreat and is a full-floor sanctuary equipped with a fully updated, modern three-fixture spa-like bathroom and an expansive den area equipped with custom millwork which can be arranged as family room, home office or entertainment center.**Suite was originally configured as a 2 Bedroom** **EXTRAS** World Class Location! Easy Access To Queen & King West Shopping, Cafes & Galleries, Kensington Market, Financial & Entertainment Districts, Ace Hotel, Waterworks Food Hall, St. Andrews Park & Martin Goodman Trail. Steps To Public Transit.
Key facts
- Property type
- Condo Apartment, 2-Storey
- MLS®
- C13068594
- Bedrooms
- 2 (1 + 1)
- Bathrooms
- 2 (1 half)
- Size
- 1000-1199
- Cross streets
- Richmond St W & Spadina
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stucco (Plaster)
- Maintenance
- $951/mo
- Exposure
- West
- Property tax
- $4,373 / 2025
- Days on market
- 78
- Listing brokerage
- RE/MAX HALLMARK BIBBY GROUP REALTY
Rooms
broadloom · open concept · b/i bookcase
hardwood floor · gas fireplace · west view
hardwood floor · w/o to terrace · west view
tile floor · breakfast bar · stainless steel appl
broadloom · 3 pc ensuite · walk-in closet(s)
Listed at $1,049,900, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 99 similar homes nearby, adjusted for size, beds, and baths.Median of 99 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $821K, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.23M
- Adjusts to $1.23M
That comparable adjusts to $1.23M; the $1.06M estimate above is the median of all 99 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
The assigned public school is City School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
Total price vs nearby homes. Fair value about $1.06M, median of 99 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 9% below the area average of $1,044/sqft.
77 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Waterfront Communities C1, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Almost all errands require a car.
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.
Mortgage amount $839,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,482
- Property tax
- $364
- Condo / maintenance fees
- $951
- Heating
- $0
- Estimated monthly cost
- $5,798
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,473
- Toronto municipal land transfer tax
- $17,473
- Estimated closing costs
- $34,946
Plus your down payment of $209,980. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $268,927
- Principal paid down
- $106,964
- Interest paid
- $161,963
- Balance remaining
- $732,956
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX HALLMARK BIBBY GROUP REALTY. MLS®/PropTx.