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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Parking Space in Toronto
Unit 608 (Parking Spot) at 438 Richmond Street West
Own a prime underground parking spot in the heart of downtown Toronto! Located at The Morgan, this secure and convenient parking space (P4-25) offers easy access for residents or investors looking for extra parking.
Toronto parking priced at $79,000 — book a tour to see if it fits your search.
Inside 438 Richmond St W #608 (Parking Spot)
Every detail from the listing, in one place.
Type
Parking
Living space
0-499 sq ftas stated on the listing
Parking
1 spaceYes garage
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Parking Space
438 Richmond St W #608 (Parking Spot) 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
$388
/mo
based on the purchase price of $79,000
$15,800 cash
$63,200 financed
$53,231 total interest
Principal54%$63,200
Interest46%$53,231
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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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 ratio5105.6%On average, homes sold at or above asking.
Active listings12,834Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 2 – Jul 31, 2026.
Based on 9,287 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.
More in this building
1 for sale at 438 Richmond St W — plus its sale and lease history.
Questions About 438 Richmond St W #608 (Parking Spot)
How much is 438 Richmond St W #608 (Parking Spot) listed for?
438 Richmond St W #608 (Parking Spot) is listed at $79,000 (MLS® C12049248). Summitly updates the price as soon as the MLS® record changes.
Has the price of 438 Richmond St W #608 (Parking Spot) changed?
Yes — it was first listed at $98,000 and is now $79,000, a drop of $19,000 (19.4%).
How many bedrooms and bathrooms does 438 Richmond St W #608 (Parking Spot) have?
438 Richmond St W #608 (Parking Spot) has about 0–499 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a parking space in Toronto.
Is 438 Richmond St W #608 (Parking Spot) close to transit?
The nearest rapid-transit station is Osgoode Station (Line 1), about 880 m (about a 11-minute walk) in a straight line. St. Andrew Station is about 960 m (about a 12-minute walk), and St. Patrick 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 438 Richmond St W #608 (Parking Spot)?
About $388 a month — principal and interest on $79,000 with 20% down ($15,800), 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 438 Richmond St W #608 (Parking Spot) compare with other homes in Toronto?
Its asking price of $79,000 is about 91% below the median sold price in Toronto over the last 90 days, $840,000, across 9,287 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 438 Richmond St W #608 (Parking Spot) been sold before?
Summitly has no earlier MLS® sale or lease of 438 Richmond St W #608 (Parking Spot) on record from the last two years. Older records aren't shown under TRREB rules.
Where is 438 Richmond St W #608 (Parking Spot)?
438 Richmond St W #608 (Parking Spot) is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 438 Richmond St W #608 (Parking Spot) been on the market?
579 days — 438 Richmond St W #608 (Parking Spot) was listed on March 29, 2025.
What is the price per square foot of 438 Richmond St W #608 (Parking Spot)?
About $158 per square foot: the asking price of $79,000 over the 0–499 sq ft the listing gives.
Does 438 Richmond St W #608 (Parking Spot) have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
What is the land transfer tax on 438 Richmond St W #608 (Parking Spot)?
About $1,030 at the asking price of $79,000: $515 Ontario land transfer tax plus $515 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.
