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    Toronto / Downtown / Moss Park

    1112 - 320 Richmond St E

    For SaleThe Modern
    5.0
    $549,900
    2 Beds
    1 Bath
    0 Parking
    686 SQFT
    12 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $531/mth
    Taxes:
    $2,582 (2024)
    Cost Per Sqft:
    $802/sqft
    Locker:
    None
    Outdoor Space:
    Juliet Balcony
    Exposure:
    West
    Possession Date:
    November 15, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, West View, Combined with Dining
    10.01 x 12.63ft
    Dining
    Laminate, Open Concept, Combined with Living
    10.01 x 12.63ft
    Kitchen
    Laminate, Centre Island, Stainless Steel Appliances
    10.01 x 12.63ft

    About this Listing

    The MODERN - Looking for a deal? This is it! Demand, Convenient Location and Building. Awesome 2-Bedroom with many upgrades - new floors throughout recently painted - was originally sold as 1+1 now den is enclosed within wall to wall closet & accommodates a double bed. Spectacular unobstructed view of the City - West Exposure - Sunfilled - enjoy dazing sunsets. Amazing amenities - Outdoor Pool, Party/Meeting Room, Ample Visitors Parking, Billiard, Exercise, Sauna Rooms, Bike Storage. 24hrs Concierge. Transit Score 100, Walk Score 99, Bike Score 98. Future Subway Station at Corner - minutes to Financial and Entertainment Districts. Shops at St. Lawrence Market, No Frills and LCBO nearby. Enjoy the breathtaking views of the Lake and City Skyline on the Outstanding Rooftop Terrace with BBQ, Cabanas and Pools. As the interest rates are falling don't miss out this Super Opportunity.

    ExtrasAll windows coverings upgraded light fixtures, newer larger fridge, stove, newer microwave, washer + dyer. Laminate floors - mirror closet door - medicine cabinet in the bathroom.

    re/max west realty inc.MLS® #C9511248

    Amenities

    Concierge
    Party Room
    Rec Room
    Rooftop Deck
    Sauna
    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!

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    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%

    Price Trends

    Maintenance Fees

    The Modern vs The Moss Park Area

    Building Trends At The Modern

    Days on Strata

    Units at The Modern spend an average of
    38
    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

    1st
    Highest price per SQFT out of 9 condos in the Moss Park area

    Sold Units

    12
    Units were Sold over the past twelve months

    Rented Units

    41
    Units were Rented over the past twelve months

    Best Value Rank

    The Modern offers the
    ?
    best value out of 9 condos in the Moss Park neighbourhood

    Appreciation Rank

    The Modern has the
    ?
    highest ROI out of 9 condos in the Moss Park neighbourhood

    Rental Yield

    The Modern yields the
    ?
    highest rent prices out of 9 condos in the Moss Park neighbourhood

    High Demand

    The Modern is the
    ?
    most popular building out of 9 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$739,000
    Avg. Cost Per Sqft$969$917$923$923
    Avg. Wait for Unit Availability1029 Days56 Days31 Days71 Days
    Ratio of Units in Building2%32%48%20%

    Transactions vs Inventory

    Total number of units listed and sold in Moss Park