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    Toronto / Downtown / Queen West

    1108 - 438 Richmond St W

    For SaleThe Morgan
    5.0
    $578,000
    Studio
    1 Bath
    1 Parking
    437 SQFT
    7 Days on Strata
    Est Sell Timeframe
    17 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $466/mth
    Taxes:
    $2,210 (2024)
    Cost Per Sqft:
    $1,323/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    North West
    Possession Date:
    Immediately
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Open Concept, Large Window, Nw View
    19.19 x 10.5ft
    Kitchen
    Breakfast Bar, Stainless Steel Appliances
    10.99 x 7.02ft
    Bathroom
    Updated, Slate Flooring
    5.25 x 3.94ft

    About this Listing

    Dream home in downtown! The Largest Studio & The Only One W/Parking!! Perched On The Highest Level For This Unit! Open Sunset Views Thru Lofty Warehouse Style Window. Enjoy The Sought-After Morgan Lifestyle. 24/7 Concierge, Gym, Roof-Top Terrace W/Bbqs, Residents Lounge, 3-High Speed Elevators! Amazing Transit Options Incl New King Priority Route!

    ExtrasShort Walk To The Core, Shops, Restos & Clubs On King & Queen West! Bike Lane Right Out Front! Bed frame Plus 3 Lockers

    exp realtyMLS® #C11940394

    Amenities

    Party Room
    Media Room
    Concierge
    BBQs Allowed
    Security System
    Visitor Parking

    Explore Neighbourhood

    10/10
    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!

    Similar Listings

    Demographics

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

    Population
    18,483
    Average Individual Income
    $71,628
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $108,396
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    43%
    Semi Detached
    25%
    Detached
    24%
    Low Rise Apartment
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    The Morgan vs The Queen West Area

    Building Trends At The Morgan

    Days on Strata

    Units at The Morgan spend an average of
    25
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Queen West

    Turnover of Units

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

    Property Value

    1%
    Increase in property value within the past twelve months

    Price Ranking

    23rd
    Highest price per SQFT out of 52 condos in the Queen West area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    18
    Units were Rented over the past twelve months

    Best Value Rank

    The Morgan offers the
    ?
    best value out of 52 condos in the Queen West neighbourhood

    Appreciation Rank

    The Morgan has the
    ?
    highest ROI out of 52 condos in the Queen West neighbourhood

    Rental Yield

    The Morgan yields the
    ?
    highest rent prices out of 52 condos in the Queen West neighbourhood

    High Demand

    The Morgan is the
    ?
    most popular building out of 52 condos in the Queen West neighbourhood

    Transaction Insights at 438 Richmond Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$470,000$566,000 - $570,000$662,000$745,000$930,000$5,550,000No Data
    Avg. Cost Per Sqft$1,070$877$991$872$1,031$1,125No Data
    Avg. Wait for Unit Availability295 Days100 Days139 Days100 Days777 DaysNo DataNo Data
    Ratio of Units in Building10%33%24%30%3%1%2%

    Transactions vs Inventory

    Total number of units listed and sold in Queen West