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    1401 - 438 Richmond St W

    For RentThe Morgan
    5.0
    $5,200/mth
    2 Beds
    2 Bath
    1 Parking
    1,230 SQFT
    20 Days on Strata
    Est Lease Timeframe
    15 Days

    Listing History

    Unit Highlights

    Possession Date:
    Immediately
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Terrace
    Furnished:
    No
    Exposure:
    South
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Kitchen
    Stainless Steel Appliances, Centre Island, Hardwood Floor
    8.99 x 7.97ft
    Living
    Floor/Ceil Fireplace, Walkout To Terrace, Hardwood Floor
    21 x 20.01ft
    Dining
    Hardwood Floor, Pot Lights, Combined with Living
    21 x 20.01ft

    About this Listing

    Luxury sub-penthouse in the heart of downtown Toronto and is located within the highly sought-after Morgan building. Spanning the entire west side of the 14th floor, this 2-bed, 2-bath suite features 2 (Two!) terraces facing south and north, offering panoramic city views. Enjoy herringbone hardwood floors throughout, a custom kitchen with island, Caesarstone counters, and premium Bosch appliances. The suite boasts a floor-to-ceiling fireplace & Scavolini bathrooms. Heated floors and a steam shower in the ensuite. Additional highlights include California Custom Closets, a spacious laundry room and solid wood custom doors, all under 9 smooth finish ceilings. Automated retractable awning, as well as gas and water hookups on the terrace. With 24/7 concierge service, three high-speed fob elevators, parking, and locker, this unit delivers convenience and luxury. Located steps from Queen and King Streets, enjoy a vibrant neighborhood with high bike, walk, and transit scores, as well as access to trendy shops and restaurants.

    ExtrasSS Bosch Appl: Fridge, Gas Stove, MW, DW, Hood Range. LG Washer/Dryer, California Closets, Gas BBQ & Water Hook-Ups On Terrace. Foyer With Drop Ceiling & Pot Lights. Herringbone Floors. Montigo Gas Fireplace. Hunter Douglas Blackout Blinds.

    right at home realtyMLS® #C10409414


    Amenities

    Media Room
    Rooftop Deck
    Gym Room
    Concierge
    Indoor Parking
    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%

    Maintenance Fees

    The Morgan vs The Queen West Area

    Days on Strata

    Units at The Morgan spend an average of
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    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

    2%
    Increase in property value within the past twelve months

    Price Ranking

    22nd
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    17
    Units were Rented over the past twelve months

    Best Value Rank

    The Morgan offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    The Morgan has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    The Morgan yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    The Morgan is the
    ?
    most popular building out of 47 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 - $644,000$662,000$745,000 - $930,000No Data$5,550,000No Data
    Avg. Cost Per Sqft$1,070$926$991$952No Data$1,125No Data
    Avg. Wait for Unit Availability295 Days100 Days139 Days101 Days1488 DaysNo DataNo Data
    Ratio of Units in Building10%33%24%31%3%1%2%

    Transactions vs Inventory

    Total number of units listed and leased in Queen West