819-438 Richmond Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13579576
About this home
Excellent Location! In the heart of downtown Toronto located within the sought-after art deco-inspired building "The Morgan". Spacious and Bright 1 bedroom luxury space. with 9 feet ceilings. The view of the CN tower is outstanding and move-in condition. Updated kitchen with breakfast bar & a very sleek modern updated bathroom. Locker included. Amazing location, walk score, and easy access to public transit, step to Queen & King with trendy restaurants, "New waterworks food hall" and shops. The Morgan has a viewing theatre, gym, sauna, party room, and roof-top terrace BBQ offering a gorgeous city-view concierge (24 hours).
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13579576
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699
- Cross streets
- Richmond St W & Spadina
- Parking
- 0 parking
- Basement
- None
- Heating
- Heat Pump
- A/C
- Central Air
- Exterior
- Brick
- Exposure
- South
- Days on market
- 5
- Listing brokerage
- CENTURY 21 GREEN REALTY INC.
Rooms
hardwood floor · combined w/living
broadloom · south view
stainless steel appl · b/i microwave
hardwood floor · w/o to balcony · south view
Listed at $2,500/mo, this rental is right in line with comparable rentals. The number above is my independent estimate of value, not the asking price.
In Waterfront Communities C1 lately, landlords have been getting about 100% of asking and homes lease in about 14 days.
Based on 64 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 64 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.
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, leased for $2,700/mo
- Bedrooms −$150/mo
- Adjusts to $2,550/mo
That comparable adjusts to $2,550/mo; the $2,547/mo estimate above is the median of all 64 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.
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.
Total price vs nearby homes. Fair value about $2,547/mo, median of 64 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
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.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $2,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11
- Property tax
- $2
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13
- Toronto municipal land transfer tax
- $13
- Estimated closing costs
- $25
Plus your down payment of $500. 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
- $640
- Principal paid down
- $255
- Interest paid
- $386
- Balance remaining
- $1,745
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 GREEN REALTY INC.. MLS®/PropTx.