• 19576
  • Property ID
  • Condo
  • Property Type
  • Toronton
  • Area/City
  • 20230905
  • Launch time
  • Pre Construction
  • Construction Status
  • 18
  • Number of Stories
  • 210
  • Number of Units
  • 15
  • Deposit Percentage(%)

Details

Updated on October 13, 2023 at 6:56 pm
    • Project Name: Reside on Richmond
    • Address: 627 Richmond Street West
    • Intersection: Bathurst St & Richmond St W
    • Area/City: Toronton
    • Neighborhood: C01 Niagra
    • Interior Designer(s): Truong Ly Design
    • Selling Status: Selling
    • Construction Status: Pre Construction
    • Size Range(Sft): 389- 1091 sq ft
    • Deposit Percentage(%): 15
    • Developer(s)/Builder(s): Originate Developments & Harlo Capital
    • Launch time: 20230905
    • Estimate Occupancy: 202701
    • Architect(s): Kirkor Architects & Planners
    • Building Type: Condo
    • Number of Stories: 18
    • Number of Units: 210
    • Unit Type: Studio, 1, 2, and 3 bedrooms
    • Price Range(CAD): $629,900-$1,999,990

Payment & Incentives

  • Payment StructureParking and Locker InformationMaintaince Fee
  • $10,000 on Signing Discounted Parking: $150,000 to $125,000 $0.69/sgft on all suites
  • Balance to 5% in 15 days Discounted Locker: $25,000 to $18,000 Includes fitness centre, games and party rooms, rooftop terrace, co-working space, sport simulator. Excluding Hydro (electricity), water, heating & cooling.
  • 2.5% on April 2nd, 2024 Bulk Internet: $62.15 +HST
  • 2.5% on November 1st, 2024 Parking Maintenance Fee: $99.95/month
  • 2.5% on April 2nd, 2025 Locker Maintenance Fee: $29.95/month
  • 2.5% on September 2nd, 2025 CAPPED DEVELOPMENT CHARGES
  • 5% on Occupancy (January 2027) Junior Two Suites and Smaller at $15,000
  • 2 Bedroom and 2 Bedroom & Den Suites at $19,000
  • 3 Bedroom Suites and Larger at $22,000

Description

Reside on Richmond Condos is a New Condo development by Originate Developments Inc. located at Bathurst St & Richmond St W, Toronto.

Reside on Richmond puts you right in the centre of the action – walk to Trinity Bellwoods, bike to Little Italy, or take a streetcar to Harbourfront. No matter which direction you go, you’ll be surrounded by the best shops, restaurants, and parks that downtown has to offer.

Reasons to Reside on Richmond

1. ONE OF THE BEST CITIES IN THE WORLD
As Canada’s largest city, Toronto ranks #8 on Forbes’ list of best international cities to live in 2022. It stands out for stability, healthcare, education, infrastructure, culture and environment, ranking among the most modern and multicultural cities in the world.¹
2. LIVE MINUTES AWAY FROM WHAT YOU LIVE FOR
With near perfect connectivity scores, you’re a 1 minute walk to Queen, a 4 minute walk to King, and a 15 minute streetcar ride to Yonge Street. Bike anywhere in the city from the bike lanes on Richmond and Adelaide, or transit any direction from Queen, King or Bathurst’s 24-hour streetcar lines.²
3. THE TRICHOTOMY OF THREE ICONIC STREETS
Taste the city’s stylish side on King. Experience the city’s creative side on Queen. And at the quiet intersection of Richmond and Bathurst, relax and recharge comfortably in between. With new business openings and employees back to work in-office, downtown Toronto is booming now more than ever.³
4. FUTURE ONTARIO LINE JUST MINUTES AWAY
Stay connected with the new Ontario Line just a 4 minute walk from your door. Hop on at King and Bathurst and be across the city in under 30 minutes. With trains every 90 seconds during rush hour connecting you to 15 stations and 40+ travel options, you’ll have so much more time to feast, shop and recharge wherever you choose to be.⁴
5. ACCELERATED GROWTH IN EVERY AREA
Toronto is the fastest growing city in North America, with expected population growth of 98% by 2041. Driven by nearly 500,0000 new immigrants arriving to Canada every year from 2023 to 2025, the job market is also projecting 316,000 new jobs by 2041.⁵
6. THE RISE OF RENTAL OPPORTUNITY IN TORONTO
Rising inflation and interest rates are contributing to the acceleration of rents in Toronto. Condo rental rates are up 24% YoY, with the average unit renting for $2,583 per month. Downtown renters will love the functional layouts, design-forward interiors, and top-notch amenities at Reside. In addition, living in a mid-rise community means less elevator wait times, more access to amenities, and experiencing real community with neighbours.⁶

AMENITIES
• Lobby Lounge
• Part-time Concierge*
• Parcel Room
• Locked Parcel Storage
• Sports Simulator Room
• Co-Working Space
• Fitness Studio
• Party Venue
• Games Lounge
• Rooftop Outdoor Terrace

Founded in 2017, Originate Developments specializes in in-fill development. Current projects include luxury towns, purpose built rentals and boutique mid-rise condominiums.

Harlo Capital is a Toronto-based private equity company identifying and investing in real estate developments across Canada. We endeavour to deliver sustained, above market returns for our investors and partners by facilitating the flow of capital and knowledge to our co-developed projects.

 

Walkscore

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