Welcome to Unit 602 at 320 Richmond St E, The Modern! This bright, spacious, and freshly painted 1-bedroom suite offers a functional open-concept layout with modern laminate flooring throughout. The generously sized bedroom features a large window, ample closet space, and plenty of room for additional furniture. Step out to the Juliette balcony and enjoy fresh air right from home. Ideally located in downtown Toronto, just steps to transit, St. Lawrence Market, the Financial District, restaurants, shopping, and entertainment, with easy access to the DVP. Residents enjoy an impressive selection of amenities including a fully equipped gym, rooftop terrace, outdoor pool, hot tub, steam room, sauna, BBQ area, recreation room, lounge spaces, and beautiful city views. A fantastic opportunity to own a well-maintained 1-bedroom suite in a highly convenient downtown location.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $860 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 320 Richmond St E #602
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
320 Richmond St E #602 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
$2,112
/mo
based on the purchase price of $429,900
$85,980 cash
$343,920 financed
$289,671 total interest
Principal54%$343,920
Interest46%$289,671
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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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.
Similar homes for sale nearby in Toronto
Other 1–3 bed homes for sale in Toronto around $430K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5114.8%On average, homes sold at or above asking.
Active listings12,656Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 4 – Aug 2, 2026.
Based on 9,270 sales from Aug 2 – Oct 31, 2026 (6,989 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
6 for sale · 4 for rent at 320 Richmond St E — plus its sale and lease history.
320 Richmond St E #602 is listed at $429,900 (MLS® C13798316). Summitly updates the price as soon as the MLS® record changes.
Is $429,900 a good price for 320 Richmond St E #602?
Summitly rates it Good Deal: the asking price is 3% to 10% 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 320 Richmond St E #602 changed?
Yes — it was first listed at $489,000 and is now $429,900, a drop of $59,100 (12.1%).
How many bedrooms and bathrooms does 320 Richmond St E #602 have?
320 Richmond St E #602 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 320 Richmond St E #602 close to transit?
The nearest rapid-transit station is Queen Station (Line 1), about 860 m (about a 11-minute walk) in a straight line. King Station is about 880 m (about a 11-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 320 Richmond St E #602?
About $2,112 a month — principal and interest on $429,900 with 20% down ($85,980), 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 320 Richmond St E #602 compare with other homes in Toronto?
Its asking price of $429,900 is about 49% below the median sold price in Toronto over the last 90 days, $840,000, across 9,270 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 320 Richmond St E #602 been sold before?
Summitly has no earlier MLS® sale or lease of 320 Richmond St E #602 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 320 Richmond St E #602?
320 Richmond St E #602 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 320 Richmond St E #602 been on the market?
44 days — 320 Richmond St E #602 was listed on September 17, 2026.
What is the price per square foot of 320 Richmond St E #602?
About $718 to $860 per square foot: the asking price of $429,900 over the 500–599 sq ft the listing gives as its size range.
Does 320 Richmond St E #602 have parking or a garage?
