Downtown living with a south-facing exposure and natural light. This penthouse suite offers approximately 588 sq. ft. of well-laid-out interior space plus a private balcony. The open-concept living and dining area flows seamlessly to the balcony, making the most of the south exposure. The separate bedroom features a walk-in closet. The building has concierge service and a full range of amenities. One owned locker Included. Step outside and you're walking distance to St. Lawrence Market, the Distillery District, TTC, and some of the city's best restaurants and cafes. Note: Some photos were taken during a prior staging period.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $920 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 255 Richmond St E #PH2
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
255 Richmond St E #PH2 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
$2,260
/mo
based on the purchase price of $460,000
$92,000 cash
$368,000 financed
$309,953 total interest
Principal54%$368,000
Interest46%$309,953
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 $460K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4931.9%On average, homes sold at or above asking.
Active listings12,411Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 28 – Jul 27, 2026: prices up.
Based on 9,621 sales from Jul 27 – Oct 25, 2026 (6,856 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
2 for sale · 2 for rent at 255 Richmond St E — plus its sale and lease history.
255 Richmond St E #PH2 is listed at $460,000 (MLS® C13747308). Summitly updates the price as soon as the MLS® record changes.
Is $460,000 a good price for 255 Richmond St E #PH2?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% 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 255 Richmond St E #PH2 changed?
No — 255 Richmond St E #PH2 is still listed at its original asking price of $460,000.
How many bedrooms and bathrooms does 255 Richmond St E #PH2 have?
255 Richmond St E #PH2 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 255 Richmond St E #PH2 close to transit?
The nearest rapid-transit station is Queen Station (Line 1), about 730 m (about a 9-minute walk) in a straight line. King Station is about 730 m (about a 9-minute walk), and TMU Station is about 940 m (about a 12-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 255 Richmond St E #PH2?
About $2,260 a month — principal and interest on $460,000 with 20% down ($92,000), 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 255 Richmond St E #PH2 compare with other homes in Toronto?
Its asking price of $460,000 is about 46% below the median sold price in Toronto over the last 90 days, $845,000, across 9,621 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 255 Richmond St E #PH2 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 255 Richmond St E #PH2 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 255 Richmond St E #PH2?
255 Richmond St E #PH2 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 255 Richmond St E #PH2 been on the market?
52 days — 255 Richmond St E #PH2 was listed on September 3, 2026.
What is the price per square foot of 255 Richmond St E #PH2?
About $768 to $920 per square foot: the asking price of $460,000 over the 500–599 sq ft the listing gives as its size range.
Does 255 Richmond St E #PH2 have parking or a garage?
