518 199 Richmond Street W

Waterfront Communities C1 Toronto M5V 0H4

In a downtown market crowded with just another one-bedroom-plus-den, this suite stands apart. 199 Richmond St W is one of the rare buildings where short-term rentals are permitted within condo guidelines -- an option that changes the math for investors and anyone who values flexibility in the Entertainment District, where the event calendar never stops. This unit packs a lot into 724 sq ft: a fully enclosed den with sliding doors functions as a real second bedroom or quiet office, and two full bathrooms make shared living, hosting, or maximizing nightly rental rates practical. The kitchen is streamlined along one wall with built-in Miele appliances and a panelled fridge and dishwasher, leaving true space for living and dining; nearly nine-foot ceilings and a wall of windows open it up, and a covered, full-width balcony stays private and usable year-round. The primary bedroom offers natural light and a double closet. A pantry-style closet off the living area helps keep everyday clutter in check. Parking and a locker are included -- serious value in this location. Outside, Osgoode Station is minutes away; Queen and King West, Roy Thomson Hall, Rogers Centre, and standout restaurants are an easy walk. When you want calm, the building's green second-floor terrace, rooftop BBQs, gym, yoga studio, billiards lounge, and party rooms feel like real extensions of home. Here, your monthly fees deliver more: parking, storage, premium amenities, and the freedom to generate income in ways most downtown condos don't allow. For investors, professionals, or parents looking for a turnkey condo with strong rental potential, this is a rare opportunity to secure a revenue-smart home in the heart of the city. What makes this listing even more compelling? It's priced well below the average price-per-square-foot for both the building and the neighbourhood -- real value in today's market, with added upside for savvy buyers ready to ride the next upswing.