318 Richmond Street W 3001, Toronto C01

$599,900
318 Richmond Street W 3001

$599,900

New
8d
Condo ApartmentApartment

318 Richmond Street W 3001, Toronto C01

Total Monthly Obligation $3,411

Bed+Den
2+1
Baths
1
Park
0
Sqft
600-699
DOM
8d
Score
18
Yield
5.2%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Condo Apartment
MLS® Number-C14080380
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Age-6-10
Taxes-$3,468.24 (2026)
Maintenance-$502.15/mo
Locker-None
Parking-None
Basement-None
Heating-Heat Pump (Gas)
Brokerage-CHESTNUT PARK REAL ESTATE LIMITED
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Other
Possession-Flexible
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Bright, spacious & rare corner 1 Bed+Den suite in the heart of Queen West, just a 5 minute walk from Osgoode subway. Meticulously cared for building that just underwent it's 2nd maintenance fee reduction (you read correctly!) reflected in new fiscal year budget summary. Exceptionally well maintained suite by same owner occupant since day 1, with rare wide layout, corner windows and clear views of the city. Suite features 9' ceilings, well proportioned room sizes and large closets in bedroom & foyer. Finishes include laminate flooring throughout; spacious kitchen with generous cabinet & counter space, built-in appliances, granite countertops & marble backsplash; Extra wide living/dining space with corner unobstructed floor to ceiling windows and walk-out to sheltered balcony; Modern bathroom finishes including neutral & light-coloured tiles, soaker tub & handheld shower fixture; Large bedroom that can accommodate King-size bed, open views and walk-in closet; and versatile den. Amenities include 24-7 concierge, fully equipped gym & yoga studio, his and her saunas, guest suite, bike storage rooms, party room with lounge areas, games room, TV lounge, and rooftop lounge with cabanas, outdoor fireplace, BBQ's & hot tub. Located a 5 minute walk from Osgoode subway and future Ontario Line station, across the street from No Frill's, 2 min walk from City Market or a little further to grocery shop Kensington Market. Eaton Centre, Waterworks Food Hall, The Well, Art Gallery of Ontario, OCAD, U of T, top hospitals, Union station and so much more, all in under 15 minute walk.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,411/mo
Mortgage $2,420
Monthly Loss $2,774
Principal$637
Interest$1,783
Property Tax$289
Condo Fees$502
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.1%1
5-Year IRR
7.8%22
10-Year IRR
9.0%
Returns Index
12.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$31,044/yr
NOI
$16,046/yr
Net Cash Flow
-$1,083/mo
Cash Margin
-41.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
23.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 318 Richmond Street W 3001

Time

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Data last updated within the past 24 hours.