631 Richmond Street, Toronto, ON
Niagara, Toronto · MLS® C13821364
About this home
In short
- Rare opportunity in one of downtown Toronto's most coveted pockets - King West / Queen West / Fashion District.
- 15-ft frontage lot and is offered strictly as-is: a true blank canvas for a buyer with vision.
- Currently vacant and requiring full renovation, it's an ideal project for the renovator craving a custom downtown home, the investor chasing value-add upside, or the...
- Location is everything here - steps to streetcar transit, restaurants, cafés, and shops, with exceptional walkability at your door.
- Please note: the property is sold as-is, where-is.
Rare opportunity in one of downtown Toronto's most coveted pockets - King West / Queen West / Fashion District. This semi-detached 2-storey home sits on an approx. 15-ft frontage lot and is offered strictly as-is: a true blank canvas for a buyer with vision. Currently vacant and requiring full renovation, it's an ideal project for the renovator craving a custom downtown home, the investor chasing value-add upside, or the builder ready to reimagine the space top to bottom. Potentially Part Of A Larger Revitalization Project With Amazing Upside. Location is everything here - steps to streetcar transit, restaurants, cafés, and shops, with exceptional walkability at your door. Land, location, and upside like this rarely surface at this price point. Please note: the property is sold as-is, where-is. It is not currently in livable condition and has no running water or hydro connected. Buyer and buyer's agent to perform their own due diligence and satisfy themselves as to condition, permitted uses, and renovation potential. Bring your contractor and your imagination - opportunity like this doesn't wait.
Key facts
- Property type
- Semi-Detached, 2-Storey
- MLS®
- C13821364
- Bedrooms
- 3
- Bathrooms
- 1
- Size
- 1100-1500 sq ft
- Lot
- 15 × 146 ft
- Cross streets
- Bathurst St / Richmond St. W
- Parking
- 1 parking
- Driveway
- Front Yard Parking
- Basement
- Unfinished
- Heating
- Other
- A/C
- None
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,960 / 2026
- Days on market
- 26
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price readThe assigned public school is Parkdale Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Nothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market.
Per square foot, these ask about $1,178/sqft; this home lists at $769/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesNeighbourhood & location
Niagara, Toronto, ON
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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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $800,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,423
- Property tax
- $580
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,003
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,475
- Toronto municipal land transfer tax
- $16,475
- Estimated closing costs
- $32,950
Plus your down payment of $200,000. 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
- $265,400
- Principal paid down
- $97,745
- Interest paid
- $167,655
- Balance remaining
- $702,255
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 REALTRON REALTY INC.. MLS®/PropTx.