MLS® listing
287 Richmond Street E 304: condo apartment for sale
$998,000
From the listing brokerage
Welcome to the PENTHOUSE at 287 Richmond St. E. a refined LOFT residence within a boutique building in the heart of downtown Toronto, offering a sophisticated blend of architectural character, thoughtful design, and elevated urban living, complete with 1 surface parking space, 1 locker & rooftop deck. Seller may consider selling furnished turnkey. This exceptional residence showcases a high-end renovation completed in 2017, featuring luxurious finishes throughout, soaring ceiling heights, dramatic wall-to-wall windows, custom millwork, designer lighting, hardwood flooring, and a seamless connection to a private rooftop terrace designed for true indoor-outdoor living. The open-concept living area is anchored by a striking gas fireplace with a custom porcelain surround and Corinthia Hotel London-inspired shelving with integrated storage. Curated lighting and expansive glazing create a warm yet dramatic atmosphere ideal for both everyday living and entertaining. The kitchen is warm, functional, and beautifully appointed, featuring a gas stove, breakfast island with seating, custom cabinetry, painted glass backsplash, and a bespoke pine built-in breakfast table. Adjacent is a custom butler's pantry with a wine fridge, additional storage, and prep space, perfectly designed for hosting and entertaining. The upper-level loft bedroom serves as a private retreat with hardwood flooring, skylights, track lighting, a walk-in closet with pocket doors, and direct walkout access to the spectacular rooftop terrace-an elevated outdoor living space ideal for dining, relaxing, or entertaining above the city. The ensuite bathroom is elegantly finished with a glass-enclosed shower, skylight, built-in storage, and refined detailing throughout. Ideally located steps from St. Lawrence Market, the Distillery District, top restaurants, cafés, and downtown amenities, this penthouse offers a rare opportunity to experience boutique loft living in one of Toronto's most vibrant neighbourhoods.
Facts on the listing
| Square feet | 1200-1399 |
|---|---|
| Style | Loft |
| Basement | None |
| Parking spaces | 1 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $763 |
| Property tax | $4,675 |
| Tax year | 2025 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | West |
| Fee includes | Building Insurance Included, Common Elements Included, Parking Included, Water Included |
| Balcony | Terrace |
| Laundry | Ensuite |
| Parking | Private |
| Interior features | Other |
| Floor | 3 |
Listing courtesy of HARVEY KALLES REAL ESTATE LTD.. MLS® C13177602.
About this condo apartment
287 Richmond Street E 304 is a 2 bedroom condo apartment in TRREB's Moss Park community in Toronto, listed for sale at $998,000. The listing shows 2 bathrooms and 1200-1399 square feet. The style is given as loft. The unit faces west. It comes with 1 parking space and a locker (owned) according to the listing. The nearest main intersection given is West of Sherbourne.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
What it costs to buy 287 Richmond Street E 304
At the asking price of $998,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $998,000 |
|---|---|
| Ontario land transfer tax | $16,435 |
| Toronto municipal land transfer tax | $16,435 |
| Both taxes | $32,870 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $74,800 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $763 a month |
|---|---|
| Property tax (2025) | $4,675 a year, about $390 a month |
| Fee and tax together | about $1,152 a month |
The listing says the maintenance fee includes building insurance, common elements, parking and water. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $998,000, which is $448,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 287 Richmond Street E 304
How much is land transfer tax on 287 Richmond Street E 304?
At the asking price of $998,000 the Ontario tax is $16,435 and the Toronto tax is $16,435, $32,870 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 287 Richmond Street E 304?
$74,800 at the asking price of $998,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 287 Richmond Street E 304?
The listing shows $763 a month, including building insurance, common elements, parking and water. Check the current fee in the status certificate.
How much is the property tax on 287 Richmond Street E 304?
The listing shows $4,675 a year for 2025, about $390 a month.
Is 287 Richmond Street E 304 priced above or below the median?
It is listed at $998,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $448,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 287 Richmond Street E 304?
Use the form on this page or call us. Quote MLS® C13177602. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 287 Richmond Street E 304 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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