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    The Modern

    320 Richmond Street E

    4for Sale
    7for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    17
    Number of Units:
    343
    Condo Completion:
    2012
    Condo Demand:
    Medium
    Unit Size Range:
    366 - 920 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for The Modern

    Amenities

    Party Room
    Indoor Parking
    Rooftop Deck
    Sauna
    Gym Room
    Visitor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 320 Richmond Street EThe Modern

    Located in a rapidly changing neighbourhood — one that’s becoming cooler by the day — the Modern Condos at 320 Richmond Street East fit right in. Slate-coloured brick, rectangular window panes, and groupings of balconies of various sizes make up the façade at 320 Richmond East, while a diverse group of residents inhabit the homes within.

    In the spirit of Toronto’s respect for diversity and inclusion, the Toronto Congregation at Center Place is found within the building as well, where those interested can attend weekly Sunday services or participate in mindfulness meditation classes without leaving the building. Those uninterested in religion can skip Center Place, and instead browse through the other retail spaces that occupy the ground floor.

    While the exterior is contemporary as can be, the amenities found within the Modern Condos are set to impress any 21st century urbanite. Not only does the building boast a rooftop terrace with a pool, but also onsite is a games room, gym, sauna, party room, and even a pet spa. Out of town visitors will also love coming to see their friends and family, as they can refrain from imposing too much by booking a guest suite.

    The Suites

    Built in 2012 by Empire Communities, the Modern Condos reaches to 17 storeys, and holds an impressive 343 units — so there's plenty of opportunities to find downtown Toronto condos for sale here. With such a large number of homes, it’s no wonder there’s also just enough variety in terms of size and exposure. Unites range in size from around 400 to 900 square feet, and contain one or two bedrooms each.

    The suites at 320 Richmond East are luxurious yet understated, with hardwood flooring found throughout. As well, ultra-modern kitchens boast stainless steel appliances and stone counters, while porcelain-clad bathrooms are outfitted with generously sized tubs.

    The Neighbourhood

    Located in the Moss Park neighbourhood, between King and Queen Streets East, residents living at 320 Richmond East have their pick when it comes to enjoying their spare time or running necessary errands. Regardless of one’s preference, one thing is for certain: the Modern Condos are situated in a central spot in the downtown core of Canada’s most exciting metropolis.

    Amateur and aspiring chefs will love living so close to St. Lawrence Market, a Toronto landmark and shopping heaven. Here, visitors can find everything from fresh produce to cheeses, meats, bagels and breads, seafood, imported spices from all over the world, bulk foods, and even antiques on the weekends.

    Yet another historic option for residents is the Distillery District. Here, options for spending an afternoon or evening include dining at a Mexican cantina or a French bistro, sipping on a cappuccino at Balzac’s before wandering through some contemporary art galleries, or taking a photoshoot with friends or loved ones along the cobblestone roads.

    Culture buffs will also feel right at home in the surrounding neighbourhood. Live performances can be found year ‘round at the Sony Centre for the Performing Arts, the Young Centre for the Performing Arts, or the Soulpepper Theatre; The Pheonix Concert Theatre is the neighbourhood spot for live music; the Scotiabank Arena and the Rogers Centre aren’t far off either.

    Outdoorsy types can head down to Lake Ontario in no time, where activities might include relaxing at Cherry Beach, exploring Tommy Thompson Park, or cycling along the Martin Goodman Trail. Even Riverdale Park is within close reach, where residents can spend the day picnicking, playing baseball or even cricket, or visiting the farm with the kids.

    Transportation

    Living at 320 Richmond East makes it all that much easier to travel around Toronto. Residents are well situated, no matter what their preferred method of transportation may be.

    To start, drivers can get around with ease, thanks to the one-way streets that line the immediate area, as well as the major highways just beyond those. A quick ride down Lower Jarvis, for example, will land motorists at the Gardener Expressway, from which they can ride east or west along the southern edge of the city. Alternatively, the Don Valley Parkway can be accessed via Queen Street East, which provides easy access up to the 401.

    Those who rely on TTC to get around, on the other hand, will want to head one block north or two blocks south to catch a streetcar heading toward the Yonge-University-Spadina subway line. The Sherbourne bus, which makes a stop just steps from the front doors of the Modern Condos, will carry passengers to Sherbourne Station on the Bloor-Danforth line.

    4

    Listings For Sale

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    7

    Listings For Rent

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    Nearby Amenities

    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!

    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
    Household Income
    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

    Days on Strata

    Units at The Modern spend an average of
    22
    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

    Turnover of Units

    On average, each unit is owned for
    5.9
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    3rd
    Highest price per SQFT out of 13 condos in the Moss Park area

    Sold Units

    13
    Units were Sold over the past twelve months

    Rented Units

    34
    Units were Rented over the past twelve months

    Best Value Rank

    The Modern offers the
    ?
    best value out of 13 condos in the Moss Park neighbourhood

    Appreciation Rank

    The Modern has the
    ?
    highest ROI out of 13 condos in the Moss Park neighbourhood

    Rental Yield

    The Modern yields the
    ?
    highest rent prices out of 13 condos in the Moss Park neighbourhood

    High Demand

    The Modern is the
    ?
    most popular building out of 13 condos in the Moss Park neighbourhood

    Transaction Insights at 320 Richmond Street E

    Studio1 Bed1 Bed + Den2 Bed
    Price RangeNo Data$468,000 - $600,000$575,000 - $700,000$610,000 - $739,000
    Avg. Cost Per SqftNo Data$975$904$889
    Avg. Wait for Unit Availability758 Days57 Days28 Days71 Days
    Ratio of Units in Building2%32%47%20%

    Maintenance Fees

    The Modern vs The Moss Park Area

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