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    313 Richmond Street E & 323 Richmond Street E

    The Richmond
    4for Sale
    3for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    15
    Number of Units:
    497
    Condo Completion:
    2000
    Condo Demand:
    Medium
    Unit Size Range:
    278 - 1,209 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for The Richmond

    Receive listing updates for St. Lawrence

    Amenities

    Party Room
    BBQs Allowed
    Visitor Parking
    Business Centre
    Indoor Parking
    Concierge

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Excluded
    None

    About 313 Richmond Street EThe Richmond

    With Toronto becoming more popular (and more populated) every year, its residences have had to keep up. Thankfully buildings like The Richmond cater to the many prospective residents drawn to the city, as well as those who were born and raised here.

    Designed by Global Architects, Tridel’s development at 313 and 323 Richmond Street East features a refined postmodern aesthetic. However the architecture is not just stylish, but it happens to be practical too. For example, the building's abundance of shining glass-clad balconies are artfully arranged around the building. And for residents without private outdoor spaces of their own, the use of glass on the façade equates to floor-to-ceiling windows within one’s home.

    The pair of towers at 313 and 323 Richmond East was completed in 2000, and reaches to 15-storeys tall. Classical details such as arched window frames make the architecture feel all the more lavish. And finally, the bright brickwork allows this postmodern structure to fit in with the many heritage buildings in the St. Lawrence neighbourhood.

    Not only is the lobby at the Richmond Condos staffed by a 24-hour concierge, but it also boasts a two-storey waterfall feature. But the amenities don’t stop there: residents have access to a common rooftop patio equipped with barbecues, a penthouse party room, a media room, and a gym that features an indoor basketball court.

    The Suites

    No matter how popular the building gets, there’s plenty of opportunity to land one of these Toronto condos for sale, as the building contains a grand total of 497 downtown Toronto condos. Ranging in size from approximately 500 to 1,200 square feet, suites in the building vary from studios to three-bedrooms. Still, since many living spaces extend onto private patios, and considering the fact that smart, open-concept suites are Tridel’s trademark, 313 and 323 Richmond East’s homes are all quite comfortable.

    Moreover, The Richmond Condos’ suites feature luxury fixtures and finishes including hardwood flooring in principal rooms, chef-ready kitchens with granite countertops and stainless steel appliances. Finally, large, bright windows ensure every home receives an abundance of natural light.

    The Neighbourhood

    While the Tim Hortons at the foot of the building may be quite convenient for residents at The Richmond, there are many nearby coffee shops for one to choose from in the St. Lawrence neighbourhood. After walking a few minutes down Sherbourne, residents can find an eclectic array of cafés, as well as plenty of restaurants and boutiques along King Street East.

    On a sunny day, residents of 313 and 323 Richmond East can take their coffee (and perhaps even a pastry or a sandwich) over to St. James Park, on Jarvis Street between King and Adelaide. Less than ten minutes away by foot, St. James Park is an enticing escape: it’s home to some pretty spectacular gardens, and hosts movie nights and concerts during the summer.

    Transportation

    While the walkability of the St. Lawrence neighbourhood is a selling point for 313/323 Richmond East, the public transit network surrounding the building also serves its residents well. Queen Street East is just one block north, where one can catch the 501 Streetcar in order to ride east and west across much of the city. Commuters can also take the 501 to reach Queen and Osgoode Stations, on the Yonge and University-Spadina lines, respectively.

    Alternatively, for residents who prefer to drive, this location is hard to beat. Traffic on Richmond and Adelaide moves efficiently within the city thanks to their one-way designations as well as their partitioned bike paths. And when one’s destination is further from home, or even in surrounding towns or suburbs, drivers can access the Gardiner Expressway in just a few minutes by heading a few blocks south down Sherbourne.

    The Richmond Reviews

    Robert Van Rhijn
    August 8 2024
    Former Owner
    I lived at The Richmond (on the 323 side) for 12 years. It was my first purchase back in 2010 when I was just two years into my career as a realtor. After having viewed several hundred units in my short two year career, I knew the building fit within a bit of a sweet spot in the market. Having been built in 2000, the building was of an era when builders were building more generously sized condo units with better layouts and no 'interior bedrooms' (without proper windows). I remember it had come down to a unit at The Richmond and one at Vu Condos on George Street, just a few blocks away. Vu Condos was a brand new and very popular building, but for the same price of the unit I had my eye on at The Richmond, I was getting 150 fewer square feet - a fraction of the space. I bought the The Richmond unit -- a one bedroom at 550 square feet in very rough shape, but with a completely unobstructed eastern exposure, no wasted space and a very functional layout. After some cosmetic renovations, I made it my home and enjoyed living for the next 12 years. Some quick notes on the building: - when I sold in 2023, the reserve fund was beyond what was necessary to service the building (there was talk on the condo board of potentially giving some of it back to the owners -- doubt that would actually happen). - the two storey gym is excellent and never too busy - rooftop patio has a hot tub and multiple BBQ's - beautiful views of the city - the building does allow 30 day rentals (most condos have a 6 month minimum rental period), so there are the occasional 'Del Suite' and Airbnb renters (although the 30+ day renters aren't usually the ones throwing parties). - great property manager and staff - be cautious of any units facing east, at least for the foreseeable future. I ultimately sold because of a construction site just across the street from my unit. There's a good chance the land directly east of the building will be developed and the eastern views obstructed.
    4

    Listings For Sale

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    Listings For Rent

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    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
    The bike lane starts to feel like a second home.

    Similar condos

    Demographics

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

    Population
    52,892
    Average Individual Income
    $63,089
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $104,944
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    21%
    65+
    21%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    36%
    High Rise Apartment
    32%
    Semi Detached
    17%
    Low Rise Apartment
    7%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    12%
    Cantonese
    11%
    Tamil
    3%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Education
    University and Above
    35%
    High School
    25%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Maintenance Fees

    The Richmond vs The St. Lawrence Area

    Days on Strata

    Units at The Richmond spend an average of
    23
    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 St. Lawrence

    Turnover of Units

    On average, each unit is owned for
    4.3
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    29th
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    15
    Units were Sold over the past twelve months

    Rented Units

    29
    Units were Rented over the past twelve months

    Best Value Rank

    The Richmond offers the
    ?
    best value out of 64 condos in the St. Lawrence neighbourhood

    Appreciation Rank

    The Richmond has the
    ?
    highest ROI out of 64 condos in the St. Lawrence neighbourhood

    Rental Yield

    The Richmond yields the
    ?
    highest rent prices out of 64 condos in the St. Lawrence neighbourhood

    High Demand

    The Richmond is the
    ?
    most popular building out of 64 condos in the St. Lawrence neighbourhood

    Transaction Insights at 313 Richmond Street E

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$462,500 - $525,000$519,900 - $740,000$729,000$835,000 - $1,135,000No Data
    Avg. Cost Per SqftNo Data$948$937$905$948No Data
    Avg. Wait for Unit Availability224 Days62 Days40 Days81 Days255 DaysNo Data
    Ratio of Units in Building5%24%46%19%9%1%

    Unit Sales vs Inventory

    Total number of units listed and sold in St. Lawrence