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    1516 - 320 Richmond St E

    For SaleThe Modern
    5.0
    $539,900
    1 Bed
    1 Bath
    0 Parking
    519 SQFT
    2 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $403/mth
    Taxes:
    $2,027 (2024)
    Cost Per Sqft:
    $1,040/sqft
    Locker:
    None
    Outdoor Space:
    Juliet Balcony
    Exposure:
    East
    Possession Date:
    60/90/TBD
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Hardwood Floor, Open Concept, Combined with Dining
    10.07 x 9.38ft
    Dining
    Hardwood Floor, Open Concept, Built-in Desk
    10.43 x 6.92ft
    Kitchen
    Open Concept, Stainless Steel Appliances, Hardwood Floor
    5.97 x 11.55ft

    About this Listing

    The Modern at 320 Richmond Street East! This beautifully designed one-bedroom suite offers the perfect combination of style, functionality, and location. Thoughtfully laid out, it features a dedicated work-from-home nook with a built-in floating deskideal for remote professionals. The open-concept layout accommodates a full living and dining room setup, a rare find for a one-bedroom unit.The spacious primary bedroom boasts a large east-facing window, a walk-in closet that doubles as a dressing room, and plenty of natural light to start your day with breathtaking sunrise views. The modern kitchen is perfect for culinary enthusiasts, equipped with stainless steel appliances and an open design that seamlessly integrates with the living space.Enjoy low condo fees and a well-maintained, quiet building with exceptional amenities, including a rooftop terrace with BBQs, an outdoor pool, a hot tub, and stunning downtown skyline views. Stay active in the on-site gym, sauna, and steam room, and benefit from the convenience of a 24-hour concierge.Centrally located, The Modern is just steps away from the downtown core, St. Lawrence Market, The Distillery District, grocery stores, coffee shops, restaurants, and pet stores. With quick access to the DVP, Gardiner Expressway, King and Queen streetcars, and the upcoming Ontario Line Subway Stop, commuting is a breeze. Don't miss this incredible opportunity to own a stylish and functional condo in one of Torontos most vibrant neighbourhoods.

    ExtrasBuilding Amenities include 24 hour concierge, Gym, Sauna, Steam Room, Rooftop Deck with incredible city views and an outdoor lap pool, Party Room, Visitor Parking.

    real broker ontario ltd.MLS® #C11911948


    Amenities

    Visitor Parking
    Party Room
    Indoor Parking
    Bike Storage
    Rec Room
    Lap Pool

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    6,726
    Average Individual Income
    $68,091
    Average Household Size
    0 persons
    Average Age
    0
    Average Household Income
    $116,464
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    12%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    18%
    50 - 64
    24%
    65+
    22%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    14%
    $90,000+
    10%
    $125,000+
    5%
    Housing Types & Tenancy
    Detached
    54%
    High Rise Apartment
    26%
    Semi Detached
    11%
    Duplex
    4%
    Low Rise Apartment
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    63%
    Mandarin
    15%
    Other
    10%
    Cantonese
    8%
    Tamil
    2%
    Tagalog
    1%
    Armenian
    1%
    Education
    University and Above
    37%
    High School
    24%
    College
    17%
    None
    13%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    20%
    Health & Related Fields
    12%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Physical Sciences
    6%
    Humanities
    4%
    Education
    4%
    Visual & Performing Arts
    2%
    Personal, Protective & Transportation Services
    1%

    Maintenance Fees

    The Modern vs The Moss Park Area

    Days on Strata

    Units at The Modern spend an average of
    34
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Moss Park

    Turnover of Units

    On average, each unit is owned for
    6
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 10 condos in the Moss Park area

    Sold Units

    12
    Units were Sold over the past twelve months

    Rented Units

    44
    Units were Rented over the past twelve months

    Best Value Rank

    The Modern offers the
    ?
    best value out of 10 condos in the Moss Park neighbourhood

    Appreciation Rank

    The Modern has the
    ?
    highest ROI out of 10 condos in the Moss Park neighbourhood

    Rental Yield

    The Modern yields the
    ?
    highest rent prices out of 10 condos in the Moss Park neighbourhood

    High Demand

    The Modern is the
    ?
    most popular building out of 10 condos in the Moss Park neighbourhood

    Transaction Insights at 320 Richmond Street E

    Studio1 Bed1 Bed + Den2 Bed
    Price Range$362,000 - $365,000$460,000 - $530,000$572,000 - $650,000$540,000 - $729,000
    Avg. Cost Per Sqft$970$917$935$852
    Avg. Wait for Unit Availability1029 Days56 Days30 Days77 Days
    Ratio of Units in Building2%33%48%19%

    Transactions vs Inventory

    Total number of units listed and sold in Moss Park