621-438 Richmond Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C14096204
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About this home
In short
- Welcome to The Morgan - where downtown living still comes with space, character, and a real sense of home.
- Comfortable, well-proportioned, and ready for its next chapter, it's the perfect opportunity to move in as-is or make it your own.
- The Morgan is a well-managed building with 24-hour concierge, quality amenities, a rooftop terrace, and a strong downtown community.
Welcome to The Morgan - where downtown living still comes with space, character, and a real sense of home. Set in one of King West's most recognizable art deco-inspired buildings, this suite offers the kind of practical, livable layout that has become increasingly hard to find in newer condos. Comfortable, well-proportioned, and ready for its next chapter, it's the perfect opportunity to move in as-is or make it your own. Step outside and you're surrounded by the best of King West, Queen West, the Entertainment District, and the Financial Core, with the future King West Ontario Line station coming nearby. Restaurants, cafes, nightlife, transit, work, and everyday conveniences are all within easy reach. The Morgan is a well-managed building with 24-hour concierge, quality amenities, a rooftop terrace, and a strong downtown community. If you're looking for a condo with more substance, better proportions, and a location that truly delivers, this is it.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C14096204
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 600-699 sq ft
- Cross streets
- Richmond & Spadina
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $596/mo
- Exposure
- South
- Property tax
- $2,954 / 2026
- Listing brokerage
- RIGHT AT HOME REALTY
No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.
Considering this property? Request a written price readThe 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.
Neighbourhood & location
Waterfront Communities C1, Toronto, ON
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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 19, 2026); conventional rates run a little higher.
Mortgage amount $439,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,428
- Property tax
- $246
- Condo / maintenance fees
- $596
- Heating
- $0
- Estimated monthly cost
- $3,271
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $7,455
- Toronto municipal land transfer tax
- $7,455
- Estimated closing costs
- $14,910
Plus your down payment of $109,800. 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
- $145,705
- Principal paid down
- $53,662
- Interest paid
- $92,043
- Balance remaining
- $385,538
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 RIGHT AT HOME REALTY. MLS®/PropTx.