231 Richmond St E #1 is a retail in Toronto, listed for $1.
1Retail to benefit from high foot traffic areas and 40-storey tower atop commercial podium.
2Lawrence Market, major employment hubs, transit, and post-secondary institutions, the property is also set to benefit from the future Ontario Line, including the planned Moss Park Station just minutes away.
3This new rapid transit connection will significantly enhance accessibility and further strengthen the area's long-term growth and investment appeal.
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Commercial Property in Toronto
Unit 1 at 231 Richmond Street East
Prime opportunity to acquire the freehold commercial component of Celeste, a landmark mixed-use development at Richmond St. E. & George St. Retail to benefit from high foot traffic areas and 40-storey tower atop commercial podium. Retail configurations up to 3,345 SF (2,823 SF & 522 SF). An exceptional opportunity for investors or occupiers to secure high-visibility retail space within a newly completed mixed-use development in one of downtown Toronto's fastest-growing neighbourhoods, offering long-term value and strong exposure in a highly connected urban location. Steps to St. Lawrence Market, major employment hubs, transit, and post-secondary institutions, the property is also set to benefit from the future Ontario Line, including the planned Moss Park Station just minutes away. This new rapid transit connection will significantly enhance accessibility and further strengthen the area's long-term growth and investment appeal. This offering presents an exceptional opportunity to secure commercial space in one of Toronto's most vibrant and rapidly evolving downtown neighbourhoods.
Toronto retail priced at $1 — book a tour to see if it fits your search.
Inside 231 Richmond St E #1
Every detail from the listing, in one place.
Type
Retail
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
231 Richmond St E #1 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C12913340$1
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 231 Richmond St E #1 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
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
How long is your commute?
From 231 Richmond St E #1. Typical times without traffic delays; transit times aren't available yet.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5190.6%On average, homes sold at or above asking.
Active listings11,719Homes for sale here right now.
Median vs prior 90 days+0.4%Compared with May 10 – Aug 8, 2026: prices up.
Based on 9,132 sales from Aug 8 – Nov 6, 2026 (7,132 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
231 Richmond St E #1 is listed at $1 (MLS® C12913340). Summitly updates the price as soon as the MLS® record changes.
Has the price of 231 Richmond St E #1 changed?
No — 231 Richmond St E #1 is still listed at its original asking price of $1.
How many bedrooms and bathrooms does 231 Richmond St E #1 have?
The listing for 231 Richmond St E #1 doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
Is 231 Richmond St E #1 close to transit?
The nearest rapid-transit station is Queen Station (Line 1), about 160 m (about a 2-minute walk) in a straight line. King Station is about 330 m (about a 4-minute walk), and TMU Station is about 570 m (about a 7-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 231 Richmond St E #1 compare with other homes in Toronto?
Its asking price of $1 is about 100% below the median sold price in Toronto over the last 90 days, $843,500, across 9,132 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 231 Richmond St E #1 been sold before?
Summitly has no earlier MLS® sale or lease of 231 Richmond St E #1 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 231 Richmond St E #1?
231 Richmond St E #1 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 231 Richmond St E #1 been on the market?
227 days — 231 Richmond St E #1 was listed on March 24, 2026.
What is the land transfer tax on 231 Richmond St E #1?
About $0 at the asking price of $1: $0 Ontario land transfer tax plus $0 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
How do I book a viewing of 231 Richmond St E #1 or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 231 Richmond St E #1?
The listing for 231 Richmond St E #1 doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
When was 231 Richmond St E #1 built?
The listing for 231 Richmond St E #1 doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
