408-311 Richmond Street, Toronto, ON
Moss Park, Toronto · MLS® C13622342
About this home
In short
- Imperial Square Condos is a classic boutique building with only 90 units set in one of Toronto's most central and well-connected neighbourhoods! walk to...
- This stunning 679 sq ft corner suite has THE BEST VIEWS in the building with a south facing balcony.
- The kitchen features a full-size breakfast bar that seats 4, ample cupboard storage and full-sized whirlpool appliances.
- With updated engineered hardwood floors, this suite offers contemporary finishes and a well-designed open concept layout with flexibility.
- Come and see how walking into Suite 408 whispers easy living and easy entertaining.
Imperial Square Condos is a classic boutique building with only 90 units set in one of Toronto's most central and well-connected neighbourhoods! walk to EVERYTHING!!!!311 Richmond street is perfectly situated just one block from the new Moss Park Metrolinx station, with easy access to multiple TTC routes, grocery stores, shops, restaurants, and parks.Discover all the incredible nearby attractions - St. Lawrence Market, STEPS away from George Brown College, the Distillery District, Eaton Centre, and the Waterfront are all just minutes away. This is downtown living at its finest. This stunning 679 sq ft corner suite has THE BEST VIEWS in the building with a south facing balcony. Enjoy the dining and bedroom views of the mature and majestic Elm tree where you can watch the seasons change. The bright and private bedroom is a perfect place to nest with it's spacious double closets, and its unique, picture perfect portrait tree top view in the heart of the city! The kitchen features a full-size breakfast bar that seats 4, ample cupboard storage and full-sized whirlpool appliances. With updated engineered hardwood floors, this suite offers contemporary finishes and a well-designed open concept layout with flexibility. Multiple layouts are possible. Come and see how walking into Suite 408 whispers easy living and easy entertaining. The building's amenities are equally impressive, featuring a fully equipped gym, visitor parking, a party room with billiards table, and a rooftop deck complete with BBQs, a great covered dining or lounge space and breathtaking panoramic views of the Toronto skyline. This suite includes a dedicated storage locker - underground parking spaces are available for rent through property management. Please see brokers remarks re special assessment for balconies and windows. Balconies were already redone in 2025 and windows will be replaced tentatively spring 2027. Sit back and relax as your investment appreciates
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13622342
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699 sq ft
- Cross streets
- Richmond St E and Sherbourne
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $619/mo
- Exposure
- South
- Property tax
- $2,556 / 2025
- Days on market
- 54
- Listing brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Rooms
double closet · b/i closet · picture window
combined w/dining · balcony · open concept
combined w/living · open concept · picture window
breakfast bar · combined w/living · window
Listed at $499,000. Going by how homes in Moss Park have actually closed against their asking prices (about 97%, 58 local closings in 90 days), the likely sale price is near $485K, if it sells. A realistic range is $457K to $525K.
Independent value check: $454K. Without looking at the asking price, our model values the home itself about 9% below the ask (homes like it typically land between $422K and $477K).
Why $454K. The typical condo sold in Moss Park over the past year went for about $530K (254 sales). What sets this one apart:
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $2,556 a year; the typical home sold here pays about $2,900.
Total price vs nearby homes. Likely closing about $485K, from 58 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 58 condo apartment homes for sale in the area against 58 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $768/sqft against an area asking average of $836/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 58 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $475K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Market Lane Junior and Senior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($768/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 4 homes sold in this building over the past 22 months, plus 1 nearby in Moss Park, from 500 closings in Moss Park.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $756/sqft; this home lists at $768/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Moss Park, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.24% via Ratehub.ca (as of September 22, 2026); conventional rates run a little higher.
Mortgage amount $399,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,185
- Property tax
- $213
- Condo / maintenance fees
- $619
- Heating
- $0
- Estimated monthly cost
- $3,017
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,455
- Toronto municipal land transfer tax
- $6,455
- Estimated closing costs
- $12,910
Plus your down payment of $99,800. 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
- $131,107
- Principal paid down
- $49,358
- Interest paid
- $81,749
- Balance remaining
- $349,842
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 numbersThe last 8 whole-home leases in Moss Park signed at a median of $2,339 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,346. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS®/PropTx.