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New3 hours ago

3001 - 318 Richmond Street W

Waterfront Communities C1, Toronto

$599,900

Condo Apartment |
1 + 1 | 1 | 0 | 0
About this home

Bright, spacious & rare corner 1 Bed+Den suite in the heart of Queen West, just a 5 minute walk from Osgoode subway. Meticulously cared for building that just underwent it's 2nd maintenance fee reduction (you read correctly!) reflected in new fiscal year budget summary. Exceptionally well maintained suite by same owner occupant since day 1, with rare wide layout, corner windows and clear views of the city. Suite features 9' ceilings, well proportioned room sizes and large closets in bedroom & foyer. Finishes include laminate flooring throughout; spacious kitchen with generous cabinet & counter space, built-in appliances, granite countertops & marble backsplash; Extra wide living/dining space with corner unobstructed floor to ceiling windows and walk-out to sheltered balcony; Modern bathroom finishes including neutral & light-coloured tiles, soaker tub & handheld shower fixture; Large bedroom that can accommodate King-size bed, open views and walk-in closet; and versatile den. Amenities include 24-7 concierge, fully equipped gym & yoga studio, his and her saunas, guest suite, bike storage rooms, party room with lounge areas, games room, TV lounge, and rooftop lounge with cabanas, outdoor fireplace, BBQ's & hot tub. Located a 5 minute walk from Osgoode subway and future Ontario Line station, across the street from No Frill's, 2 min walk from City Market or a little further to grocery shop Kensington Market. Eaton Centre, Waterworks Food Hall, The Well, Art Gallery of Ontario, OCAD, U of T, top hospitals, Union station and so much more, all in under 15 minute walk.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age6-10
Size600-699 sq. ft.
Maintenance Fees$502
LockerNone
BalconyOpen
ExposureNorth West
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$3,468
mls© NumberC14080380
Listed ByCHESTNUT PARK REAL ESTATE LIMITED
Water Included
Building Insurance Included
Common Elements Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,071
Property tax
$289
Heat allowance
$150
Condo fees, half counted
$251
Housing costs
$3,761 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $119,980
25-yr amortization

Income needed

$116,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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