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1050 - 313 Richmond Street E
Moss Park, Toronto
$629,900
Rarely offered 1 bedroom plus den at The Richmond, with the kind of outdoor space downtown condos almost never have. The private terrace is the star of the show; a true extension of your home, with room to entertain, dine outdoors, or simply unwind above the city. Inside, 790 sq ft is well laid out as an open plan with a full kitchen, a good sized pantry, and defined dining and living areas. The den has a proper door, giving you a private home office or guest space that functions as a separate space. At 147 sq ft, the terrace is made for real use, not just a chair and a plant. Beyond your unit, everyday convenience is built in: your locker is on the same floor as the suite, and your parking spot sits close to the elevator. Living here gives you quick access to St. Lawrence Market, the Distillery District, King East shops and restaurants, parks, and TTC, with quick access to the Financial District, the Gardiner, and the DVP. Some photos virtually staged.
No extras listed.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,224
- Property tax
- $263
- Heat allowance
- $150
- Condo fees, half counted
- $380
- Housing costs
- $4,017 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$124,000
gross annual household income
- Payment at 4%
- $2,651 / mo
- Cash down
- $125,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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