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    Toronto / Downtown / Queen West

    1401 - 438 Richmond St W

    For RentThe Morgan
    $5,300/mth
    2 Beds
    2 Bath
    1 Parking
    1,230 SQFT
    23 Days on Strata
    Est Lease Timeframe
    25 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
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    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

    Available Vacant or Semi-Furnished, This Sophisticated, Modern & Completely Remodeled Sub-Penthouse In The Heart Of Downtown Toronto Located Within The Sought-After "Morgan". 2-Bed / 2-Bathroom Suite Spans The Entire West Side Of The 14th Floor Featuring Two(!) Terraces Facing South And North. Herringbone Hardwood Floors Throughout. Custom Kitchen With Island, Caesarstone Counters And Bosch Appliances. Floor-To-Ceiling Fireplace. Automated Retractable Awning, Gas & Water Hookups On Terrace. Scavolini Bathrooms. Heated Floors & Steam Shower In Ensuite. California Custom Closets. Laundry Room. 9' Smooth Finish Ceilings. Solid Wood Custom Doors. 24/7 Concierge. 3-High Speed Fob Elevators. 1 Parking & Locker Included. Amazing Location With High Bike/Walk/Transit Scores. Steps To Queen & King With Trendy Restaurants And Shops.

    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® #C9363006

    Amenities

    Rec Room
    Concierge
    Rooftop Deck
    Party Room
    Sauna
    Media Room

    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!

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    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
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    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

    24th
    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

    15
    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 Days114 Days140 Days97 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