Rarely offered - a spacious two-storey townhouse located at one of downtown Toronto's most well-loved boutique buildings. Located in the heart of Queen West and the Fashion District, this bright, thoughtfully-designed two-bedroom, two-storey unit offers the best of downtown urban living in a quiet, elegant retreat. With direct to street access, Unit 109 offers 1,437 square feet of elevated living. The main floor greets you with heightened ceilings, an oversized living room with two distinct seating areas, a gas fireplace, and an expansive wall of built-in shelving. An effortless flow to a charming 231-square-foot enclosed terrace with gas and water hookups offers your own private outdoor retreat. The kitchen is equipped with a suite of stainless steel appliances, a large breakfast bar and walk-in pantry. The adjacent standalone dining room is a rarity providing ample room for large gatherings in its own distinct setting with oversized built-in storage, crown moulding and recessed lighting throughout. This room could easily be converted to a spacious third bedroom. Upstairs two generous bedrooms greet you along with nearby ensuite laundry. The primary fits a king-sized bed comfortably and leads to a walk-in custom closet and a renovated spa-like ensuite bathroom with oversized shower. The second bedroom with south views could easily double as an office or guest room, with a double closet. Ground floor street-access units in this building are rarely available. Steps to the vibrant neighbourhoods of Queen West, King West, the Financial & Entertainment Districts, with endless nearby restaurants, shops and cafes and transit at your doorstep. Whether you're looking for a city pied-à-terre or a full-time home, this impeccable two-storey home is a rare opportunity to own a true Toronto gem in this coveted neighbourhood.
2 bedrooms, 2 bathrooms, about 1,400 sq ft, works out to roughly $785 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo townhouse fits your budget and timing.
Inside 500 Richmond St W #109
Every detail from the listing, in one place.
Type
Condo Townhouse
Style
2-Storey
Living space
1400-1599 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Condo Townhouse
500 Richmond St W #109 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14149312$1,099,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 500 Richmond St W #109 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$5,399
/mo
based on the purchase price of $1,099,000
$219,800 cash
$879,200 financed
$740,517 total interest
Principal54%$879,200
Interest46%$740,517
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 2–3 bed homes for sale in Toronto around $1.1M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5185.0%On average, homes sold at or above asking.
Active listings12,092Homes for sale here right now.
Median vs prior 90 days−0.2%Compared with May 8 – Aug 6, 2026: prices down.
Based on 9,142 sales from Aug 6 – Nov 4, 2026 (7,119 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 500 Richmond St W — plus its sale and lease history.
500 Richmond St W #109 is listed at $1,099,000 (MLS® C14149312). Summitly updates the price as soon as the MLS® record changes.
Is $1,099,000 a good price for 500 Richmond St W #109?
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 500 Richmond St W #109 changed?
No — 500 Richmond St W #109 is still listed at its original asking price of $1,099,000.
How many bedrooms and bathrooms does 500 Richmond St W #109 have?
500 Richmond St W #109 has 2 bedrooms and 2 bathrooms, with about 1,400–1,599 square feet of living space. It is a condo townhouse in Toronto.
How much would the monthly mortgage be on 500 Richmond St W #109?
About $5,399 a month — principal and interest on $1,099,000 with 20% down ($219,800), 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 500 Richmond St W #109 compare with other homes in Toronto?
Its asking price of $1,099,000 is about 31% above the median sold price in Toronto over the last 90 days, $840,000, across 9,142 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 500 Richmond St W #109 been sold before?
Summitly has no earlier MLS® sale or lease of 500 Richmond St W #109 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 500 Richmond St W #109?
500 Richmond St W #109 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 500 Richmond St W #109 been on the market?
500 Richmond St W #109 was listed today (November 4, 2026).
What is the price per square foot of 500 Richmond St W #109?
About $687 to $785 per square foot: the asking price of $1,099,000 over the 1,400–1,599 sq ft the listing gives as its size range.
Does 500 Richmond St W #109 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 500 Richmond St W #109 have a basement, and is it finished?
The listing says 500 Richmond St W #109 has no basement.
