Urban Luxury at Studio Condos on Richmond. Welcome to this lovely 1 Bed, 1 Bath suite in the Heart of Downtown Toronto. Perfectly situated where the Entertainment District meets the Financial District, this suite offers a sophisticated retreat with every urban convenience at your doorstep. The Suite Features: Modern Aesthetics: 9-foot ceilings and laminate flooring throughout. Chef's Kitchen: Upgraded with quartz countertops, an undermount sink, valence lighting, and a tiled backsplash. Also featuring built-in appliances and ample cabinetry. Designer Bath: A spa-like 4-piece bathroom boasting porcelain tiles and a classic subway tile tub surround. Light & Space: Floor-to-ceiling windows flood the unit with natural light. Includes a spacious bedroom with a double closet. Unbeatable Location:Located in the vibrant core of Toronto, you are steps away from: Transit: Quick walk to Osgoode and St. Andrew Subway Stations. Work: Easy access to the Financial District and major Hospitals. Culture: Surrounded by the Art Gallery of Ontario (AGO), Four Seasons Centre for the Performing Arts, and Osgoode Hall. Lifestyle: The city's best fine dining, the Entertainment District, and top-tier universities are all within walking distance.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $977 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 199 Richmond St W #513
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
500-599 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
199 Richmond St W #513 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,400
/mo
based on the purchase price of $488,500
$97,700 cash
$390,800 financed
$329,156 total interest
Principal54%$390,800
Interest46%$329,156
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $489K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio5040.8%On average, homes sold at or above asking.
Active listings13,060Homes for sale here right now.
Median vs prior 90 days+1.8%Compared with Apr 24 – Jul 23, 2026: prices up.
Based on 9,409 sales from Jul 23 – Oct 21, 2026 (6,787 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
4 for sale · 3 for rent at 199 Richmond St W — plus its sale and lease history.
199 Richmond St W #513 is listed at $488,500 (MLS® C13168668). Summitly updates the price as soon as the MLS® record changes.
Is $488,500 a good price for 199 Richmond St W #513?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 199 Richmond St W #513 changed?
Yes — it was first listed at $513,000 and is now $488,500, a drop of $24,500 (4.8%).
How many bedrooms and bathrooms does 199 Richmond St W #513 have?
199 Richmond St W #513 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 199 Richmond St W #513 close to transit?
The nearest rapid-transit station is Osgoode Station (Line 1), about 210 m (about a 3-minute walk) in a straight line. St. Andrew Station is about 340 m (about a 4-minute walk), and St. Patrick Station is about 600 m (about a 7-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 199 Richmond St W #513?
About $2,400 a month — principal and interest on $488,500 with 20% down ($97,700), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 199 Richmond St W #513 compare with other homes in Toronto?
Its asking price of $488,500 is about 42% below the median sold price in Toronto over the last 90 days, $845,000, across 9,409 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 199 Richmond St W #513 been sold before?
Summitly has no earlier MLS® sale or lease of 199 Richmond St W #513 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 199 Richmond St W #513?
199 Richmond St W #513 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 199 Richmond St W #513 been on the market?
149 days — 199 Richmond St W #513 was listed on May 25, 2026.
What is the price per square foot of 199 Richmond St W #513?
About $816 to $977 per square foot: the asking price of $488,500 over the 500–599 sq ft the listing gives as its size range.
Does 199 Richmond St W #513 have parking or a garage?
