311 Richmond St #408 is a 1-bedroom, 1-bathroom condo in Toronto, listed for $399,000. It has 600-699 sq ft of living space.
1This stunning 679 sq ft corner suite has THE BEST VIEWS in the building with a south facing balcony.
2The bright and private bedroom is a perfect place to nest with it's spacious double closets, and its unique, picture perfect portrait tree top view in the heart of the city!
3With updated engineered hardwood floors, this suite offers contemporary finishes and a well-designed open concept layout with flexibility.
Imperial Square Condos is a classic boutique building with only 90 units set in one of Toronto's most central and well-connected neighbourhoods! walk to EVERYTHING!311 Richmond street is perfectly situated just one block from the new Moss Park Metrolinx station, with easy access to multiple TTC routes, grocery stores, shops, restaurants, and parks.Discover all the incredible nearby attractions - St. Lawrence Market, STEPS away from George Brown College, the Distillery District, Eaton Centre, and the Waterfront are all just minutes away. This is downtown living at its finest. This stunning 679 sq ft corner suite has THE BEST VIEWS in the building with a south facing balcony. Enjoy the dining and bedroom views of the mature and majestic Elm tree where you can watch the seasons change. The bright and private bedroom is a perfect place to nest with it's spacious double closets, and its unique, picture perfect portrait tree top view in the heart of the city! The kitchen features a full-size breakfast bar that seats 4, ample cupboard storage and full-sized whirlpool appliances. With updated engineered hardwood floors, this suite offers contemporary finishes and a well-designed open concept layout with flexibility. Multiple layouts are possible. Come and see how walking into Suite 408 whispers easy living and easy entertaining. The building's amenities are equally impressive, featuring a fully equipped gym, visitor parking, a party room with billiards table, and a rooftop deck complete with BBQs, a great covered dining or lounge space and breathtaking panoramic views of the Toronto skyline. This suite includes a dedicated storage locker - underground parking spaces are available for rent through property management. Please see brokers remarks re special assessment for balconies and windows. Balconies were already redone in 2025 and windows will be replaced tentatively spring 2027. Sit back and relax as your investment appreciates
1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $665 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 311 Richmond St #408
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
600-699 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
311 Richmond St #408 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14130096$399,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 311 Richmond St #408 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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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
$1,960
/mo
based on the purchase price of $399,000
$79,800 cash
$319,200 financed
$268,850 total interest
Principal54%$319,200
Interest46%$268,850
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 $399K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5110.5%On average, homes sold at or above asking.
Active listings12,615Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 2 – Jul 31, 2026.
Based on 9,278 sales from Jul 31 – Oct 29, 2026 (6,995 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
311 Richmond St #408 is listed at $399,000 (MLS® C14130096). Summitly updates the price as soon as the MLS® record changes.
Is $399,000 a good price for 311 Richmond St #408?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 311 Richmond St #408 changed?
No — 311 Richmond St #408 is still listed at its original asking price of $399,000.
How many bedrooms and bathrooms does 311 Richmond St #408 have?
311 Richmond St #408 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Toronto.
Is 311 Richmond St #408 close to transit?
The nearest rapid-transit station is Queen Station (Line 1), about 810 m (about a 10-minute walk) in a straight line. King Station is about 820 m (about a 10-minute walk), and TMU Station is about 1.0 km (about a 13-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 311 Richmond St #408?
About $1,960 a month — principal and interest on $399,000 with 20% down ($79,800), 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 311 Richmond St #408 compare with other homes in Toronto?
Its asking price of $399,000 is about 53% below the median sold price in Toronto over the last 90 days, $840,000, across 9,278 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 311 Richmond St #408 been sold before?
Summitly has no earlier MLS® sale or lease of 311 Richmond St #408 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 311 Richmond St #408?
311 Richmond St #408 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 311 Richmond St #408 been on the market?
311 Richmond St #408 was listed today (October 29, 2026).
What is the price per square foot of 311 Richmond St #408?
About $571 to $665 per square foot: the asking price of $399,000 over the 600–699 sq ft the listing gives as its size range.
Does 311 Richmond St #408 have parking or a garage?