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$599,000
DOM45daysThe Modern · 320 Richmond Street · Toronto · Ontario M5A 1P9
45 days on market
They don't make family-sized homes like this anymore! This 825 sq ft, 2-bedroom, 2-bathroom condo (plus a 45 sq ft balcony) features a well-thought-out layout with ample storage and a desirable split-bedroom design. Recent upgrades include fresh paint (2026), updated flooring (2025), and a newer washer/dryer (2024).The living room/dining room features a functional L-shape layout centred around the heart of the home: the kitchen, complete with a kitchen island. The home faces east for the morning…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
No price-drop or motivated-seller signals detected from MLS data we track on this listing.
Property history
Comparable sales
Brokered by: SOTHEBY'S INTERNATIONAL REALTY CANADA
Source: TRREB/PROPTX · MLS® C13756646
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~850 ft² · ON avg ~$75/mo · assumes gas heat
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $27,269 | $2,272/mo |
| Government & taxes | ||
| Property tax | $3,537 | $295/mo |
| Land transfer tax(closing) | $8,455 | $705/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Other | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $5,990 | $499/mo |
| Condo fees | ||
| Condo / HOA fees | $9,021 | $752/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $64,933 | $5,411/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.