MLS® listing
311 Richmond Street 408: condo apartment for sale
$465,000
From the listing brokerage
Imperial Square Condos is a classic boutique building with only 90 units set in one of Toronto's most central and well-connected neighbourhoods! walk to EVERYTHING!!!!311 Richmond street is perfectly situated just one block from the new Moss Park Metrolinx station, with easy access to multiple TTC routes, grocery stores, shops, restaurants, and parks.Discover all the incredible nearby attractions - St. Lawrence Market, STEPS away from George Brown College, the Distillery District, Eaton Centre, and the Waterfront are all just minutes away. This is downtown living at its finest. This stunning 679 sq ft corner suite has THE BEST VIEWS in the building with a south facing balcony. Enjoy the dining and bedroom views of the mature and majestic Elm tree where you can watch the seasons change. The bright and private bedroom is a perfect place to nest with it's spacious double closets, and its unique, picture perfect portrait tree top view in the heart of the city! The kitchen features a full-size breakfast bar that seats 4, ample cupboard storage and full-sized whirlpool appliances. With updated engineered hardwood floors, this suite offers contemporary finishes and a well-designed open concept layout with flexibility. Multiple layouts are possible. Come and see how walking into Suite 408 whispers easy living and easy entertaining. The building's amenities are equally impressive, featuring a fully equipped gym, visitor parking, a party room with billiards table, and a rooftop deck complete with BBQs, a great covered dining or lounge space and breathtaking panoramic views of the Toronto skyline. This suite includes a dedicated storage locker - underground parking spaces are available for rent through property management. Please see brokers remarks re special assessment for balconies and windows. Balconies were already redone in 2025 and windows will be replaced tentatively spring 2027. Sit back and relax as your investment appreciates
Facts on the listing
| Square feet | 600-699 |
|---|---|
| Style | Apartment |
| Basement | None |
| Parking spaces | 0 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $619 |
| Property tax | $2,556 |
| Tax year | 2025 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South |
| Fee includes | Heat Included, Common Elements Included, Building Insurance Included, Water Included, CAC Included |
| Balcony | Open |
| Laundry | In-Suite Laundry |
| Interior features | Storage, Storage Area Lockers |
| Features | Other, Public Transit |
| View | City |
| Floor | 4 |
Listing courtesy of SOTHEBY'S INTERNATIONAL REALTY CANADA. MLS® C13622342.
About this condo apartment
311 Richmond Street 408 is a 1 bedroom condo apartment in TRREB's Moss Park community in Toronto, listed for sale at $465,000. The listing shows 1 bathroom and 600-699 square feet. The style is given as apartment. The unit faces south. It comes with an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Richmond St E and 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 311 Richmond Street 408
At the asking price of $465,000, 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 | $465,000 |
|---|---|
| Ontario land transfer tax | $5,775 |
| Toronto municipal land transfer tax | $5,775 |
| Both taxes | $11,550 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $23,250 |
The down payment figure is the federal minimum: 5 percent of the price. 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 | $619 a month |
|---|---|
| Property tax (2025) | $2,556 a year, about $213 a month |
| Fee and tax together | about $832 a month |
The listing says the maintenance fee includes heat, common elements, building insurance, water and cac. 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 $465,000, which is $85,000 below 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 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 311 Richmond Street 408
How much is land transfer tax on 311 Richmond Street 408?
At the asking price of $465,000 the Ontario tax is $5,775 and the Toronto tax is $5,775, $11,550 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 311 Richmond Street 408?
$23,250 at the asking price of $465,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 311 Richmond Street 408?
The listing shows $619 a month, including heat, common elements, building insurance, water and cac. Check the current fee in the status certificate.
How much is the property tax on 311 Richmond Street 408?
The listing shows $2,556 a year for 2025, about $213 a month.
Is 311 Richmond Street 408 priced above or below the median?
It is listed at $465,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $85,000 lower. The median covers all sizes and neighbourhoods.
How do I book a showing for 311 Richmond Street 408?
Use the form on this page or call us. Quote MLS® C13622342. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 311 Richmond Street 408 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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