199 Richmond St W #1602 is a 2-bedroom, 2-bathroom condo in Toronto, listed for $728,000. It has 700-799 sq ft of living space.
1Prestige Studio building on Richmond St West.
2High 16th floor, unobstructed view from every window, bright corner unit, 2 bedrooms + den, 2 full bathrooms, 746 sq ft + large 92 sq ft balcony, 9 ft ceilings, Modern kitchen, Miele built-in Appliances, Centre island.
3Steps to OCAD, University of Toronto, Osgoode Subway station, restaurants, shops.
Prestige Studio building on Richmond St West. High 16th floor, unobstructed view from every window, bright corner unit, 2 bedrooms + den, 2 full bathrooms, 746 sq ft + large 92 sq ft balcony, 9 ft ceilings, Modern kitchen, Miele built-in Appliances, Centre island. Steps to OCAD, University of Toronto, Osgoode Subway station, restaurants, shops. Walk score 100 out of 100. 24 Hr security, gym, media lounge, billiard room, party room. Some pictures where taken when the condo was vacant.
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,040 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.Ask Zara a follow-up
Inside 199 Richmond St W #1602
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
700-799 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
199 Richmond St W #1602 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
$3,576
/mo
based on the purchase price of $728,000
$145,600 cash
$582,400 financed
$490,534 total interest
Principal54%$582,400
Interest46%$490,534
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 1–3 bed homes for sale in Toronto around $728K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4964.9%On average, homes sold at or above asking.
Active listings12,767Homes for sale here right now.
Median vs prior 90 days+3.7%Compared with Apr 12 – Jul 11, 2026: prices up.
Based on 9,556 sales from Jul 11 – Oct 9, 2026 (6,500 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
7 for sale · 4 for rent at 199 Richmond St W — plus its sale and lease history.
199 Richmond St W #1602 is listed at $728,000 (MLS® C13446738). Summitly updates the price as soon as the MLS® record changes.
Is $728,000 a good price for 199 Richmond St W #1602?
Summitly rates it Well Above Market: the asking price is 15% or more 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 #1602 changed?
No — 199 Richmond St W #1602 is still listed at its original asking price of $728,000.
How many bedrooms and bathrooms does 199 Richmond St W #1602 have?
199 Richmond St W #1602 has 2 bedrooms and 2 bathrooms, with about 700–799 square feet of living space. It is a condo in Toronto.
Is 199 Richmond St W #1602 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 #1602?
About $3,576 a month — principal and interest on $728,000 with 20% down ($145,600), 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 #1602 compare with other homes in Toronto?
Its asking price of $728,000 is about 14% below the median sold price in Toronto over the last 90 days, $850,000, across 9,556 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 #1602 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 199 Richmond St W #1602 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 199 Richmond St W #1602?
199 Richmond St W #1602 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 199 Richmond St W #1602 been on the market?
116 days — 199 Richmond St W #1602 was listed on June 15, 2026.
What is the price per square foot of 199 Richmond St W #1602?
About $911 to $1,040 per square foot: the asking price of $728,000 over the 700–799 sq ft the listing gives as its size range.
Does 199 Richmond St W #1602 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
