199 Richmond St W #1602, Toronto — Condo For Sale $728,000

Name: 199 Richmond Street W, Unit 1602
SKU: C14105530
Price: 728000 CAD
Availability: InStock

2 Bed, 2 Bath Condo in Waterfront Communities C1, Toronto

Unit 1602 at 199 Richmond Street West

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.

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.

Oct 22, 2026For saleListedThis listingMLS® C14105530$728,000
LeasedPreviously listedMLS® C11963177View listing (opens in a new tab)

See what it sold for, free. Board rules need a free account before we can show sold and past prices.

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 199 Richmond St W #1602 Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 15,688 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $845,000
Average sold price: $1,080,552
Average days on market: 32
Homes sold: 9,303

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$845,000Last 90 days
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5097.1%On average, homes sold at or above asking.
Active listings12,464Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 25 – Jul 24, 2026: prices up.

Based on 9,303 sales from Jul 24 – Oct 22, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 1602 — 199 Richmond Street W 2 bd · 2 ba · 700 sqft	$728,000asking	$1,040	—	—
5 Valhalla Inn Road 1 bd · 1 ba · 700 sqft
199 Richmond Street 1 bd · 1 ba · 500 sqft
23 Hollywood Avenue 2 bd · 2 ba · 1,000 sqft
88 Harbour Street 1 bd · 1 ba · 500 sqft
280 Simcoe Street 2 bd · 2 ba · 1,400 sqft
2A Church Street 2 bd · 2 ba · 700 sqft

5 Valhalla Inn Road
1 bd · 1 ba · 700 sqft
199 Richmond Street
1 bd · 1 ba · 500 sqft
23 Hollywood Avenue
2 bd · 2 ba · 1,000 sqft
88 Harbour Street
1 bd · 1 ba · 500 sqft
280 Simcoe Street
2 bd · 2 ba · 1,400 sqft
2A Church Street
2 bd · 2 ba · 700 sqft

More in this building

5 for sale · 3 for rent at 199 Richmond St W — plus its sale and lease history.

See all of 199 Richmond St W

Living in Waterfront Communities C1, Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Osgoode StationLine 1210 m3 min walk
St. Andrew StationLine 1340 m4 min walk
St. Patrick StationLine 1600 m7 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Osgoode Station (Line 1)3 min walk
St. Andrew Station (Line 1)4 min walk
St. Patrick Station (Line 1)7 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Osgoode Station
210 m3 minClosest· Line 1
Homes near Osgoode Station
St. Andrew Station
340 m4 min· Line 1
Homes near St. Andrew Station
St. Patrick Station
600 m7 min· Line 1
Homes near St. Patrick Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 199 Richmond St W #1602. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 199 Richmond St W #1602

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $3,576; 20% down · 25 years · 5.5% assumed
Property tax: $400; 0.66% mill rate · ON
Total per month: $3,976; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

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

Down payment20%

$145,600 cash

Amortization25 yr

$582,400 financed

Rate5.50%

$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.

Want rate-drop alerts and a saved shortlist?

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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Questions About 199 Richmond St W #1602

How much is 199 Richmond St W #1602 listed for?

199 Richmond St W #1602 is listed at $728,000 (MLS® C14105530). 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 Waterfront Communities C1, 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, $845,000, across 9,303 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.

What neighbourhood is 199 Richmond St W #1602 in?

199 Richmond St W #1602 is in Waterfront Communities C1, Toronto. 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?

199 Richmond St W #1602 was listed today (October 22, 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.

199 Richmond St W #1602, Waterfront Communities C1, Toronto

What you should know