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$429,900
320 Richmond Street · Toronto · Ontario M5A 1P9
36 days on market
Welcome to Unit 602 at 320 Richmond St E, The Modern! This bright, spacious, and freshly painted 1-bedroom suite offers a functional open-concept layout with modern laminate flooring throughout. The generously sized bedroom features a large window, ample closet space, and plenty of room for additional furniture. Step out to the Juliette balcony and enjoy fresh air right from home. Ideally located in downtown Toronto, just steps to transit, St. Lawrence Market, the Financial District, restaurants…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $59KPrice reduction
MLS shows the seller reduced the asking price by $59,100 (from $489,000 to $429,900).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: CENTURY 21 MYPRO REALTY
Source: TRREB/PROPTX · MLS® C13798316
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~550 ft² · ON avg ~$75/mo
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 41% of your true cost of ownership. The other 59% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $19,571 | $1,631/mo |
| Government & taxes | ||
| Property tax | $2,432 | $203/mo |
| Land transfer tax(closing) | $5,073 | $423/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $4,299 | $358/mo |
| Condo fees | ||
| Condo / HOA fees | $5,691 | $474/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 | $47,726 | $3,977/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.