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Reside on Richmond Condos

By: Originate Developments Inc., Harlo Capital

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627 Richmond Street West, Toronto, ON, Canada

Platinum Access: From $529,990 - $1,154,990

Condominium

18 Storeys | 216 Suites

Studio - 3 Bedroom(s)

301 - 1,702 Sq Ft

VIP Launch: 2023

Completion: 2028

Reside on Richmond Condos Condos is a new pre-construction condo development by Originate Developments Inc. Coming soon to 627 Richmond Street West in Toronto.

Reside on Richmond Website

 

Highlights at Reside on Richmond Condos

Reside on Richmond Condos at Bathurst & Richmond is in the Niagara community of downtown Toronto. Niagara is a residential and industrial community and is also currently undergoing a shift toward more residential housing and less industrial buildings. Stanley Park, a multi-recreational facility popular with area residents, while serving as the physical and social centre of Niagara. Niagara provides easy access to the business and entertainment districts of Toronto.

  • 1-min walk to Queen Street’s arts and culture scene
  • 5-min walk to King Street’s restaurants, nightlife as well as entertainment scene
  • Regular streetcar service runs on Queen Street, King Street, and Bathurst Street
  • Minutes from the Gardiner Expressway and Lake Shore Boulevard
  • Fashion, Art and Music scene of Queen
  • Queen Street West shopping district – an eclectic mix of antique shops, art galleries, bookstores, fashion stores, natural food markets, as well as restaurants
  • King Street nightlife scene also has stores and restaurants that serve the resident’s daily necessities
  • Local landmarks such as Rogers Centre, Exhibition Place, the Harbourfront, and the Toronto Islands.
  • Stanley Park

 

REASONS TO INVEST

  • Investment Value – 3-year Rental Guarantee of $7.00 per square foot ensuring a great return on investment
    Bedroom Type Current Rental Rates Rental Rate with Rental Guarantee*
    1 Bedroom (Approx. 500 sqf) $2,700 $3,500
    1 Bedroom + Den (Approx. 550 sqf) $3,000 $3,850
    Two Bedroom (Approx. 700 sqf) $4,000 $4,900
  • Toronto, Canada’s largest city, ranks #8 on Forbes’ list of best international cities to live in 2022, while praised for its stability, healthcare, education, infrastructure, culture, and environment. It is one of the most modern and multicultural cities globally.
  • Enjoy convenient living with excellent connectivity in Toronto. Live just minutes away from everything you love – a 1-minute walk to Queen, 4-minute walk to King, and a 15-minute streetcar ride to Yonge Street. Easy access to bike lanes and 24-hour streetcar lines on Queen, King, and Bathurst.
  • Experience the essence of Toronto through its three iconic streets. Embrace the city’s style on King, its creativity on Queen, and find tranquility at the intersection of Richmond and Bathurst. Downtown Toronto is thriving with new businesses and employees returning to offices.
  • The future Ontario Line is within reach, just a 4-minute walk away at King and Bathurst. Commute across the city in under 30 minutes with trains running every 90 seconds during rush hour, connecting you to 15 stations and 40+ travel options.
  • Toronto is experiencing accelerated growth in every aspect. It is the fastest growing city in North America, with a projected population growth of 98% by 2041. The job market is also flourishing, anticipating 316,000 new jobs by 2041 due to the influx of nearly 500,000 new immigrants arriving annually from 2023 to 2025.
  • Rental opportunities are rising in Toronto due to increasing inflation and interest rates. Condo rental rates have surged by 24% YoY, with the average unit renting for $2,583 per month. Reside offers downtown renters functional layouts, design-forward interiors, and top-notch amenities in a mid-rise community, providing less elevator wait times and greater access to amenities.

Register Today for VIP Floor Plans and Sales Price

With exclusive VIP access, you can request floor plan(s), sale price lists, featured incentives, units selection. Register today or speak to one of our platinum brokers for more sales information.

Property Details

  • Developer: Originate Developments Inc., Harlo Capital
  • Interior Designer: Truong Ly Design Inc
  • Architect: Kirkor Architects Planners
  • Building Type: Condominium
  • Ownership: Condominium
  • Building Status: Pre-construction
  • Selling Status: Platinum Access
  • Storeys: 18
  • Suites: 216
  • Suite Type: Studio - 3
  • Suite Size: 301 - 1,702
  • Launch: 2023

Pricing & Fees

  • Price: $529,990 - $1,154,990
  • Cost of Parking: $150,000
  • Cost of Locker: $25,000
  • Maintenance Fee: $0.69/sqft
  • Notes: Includes fitness centre, games and party rooms, rooftop terrace, co-working space, sport simulator. Excluding Hydro (electricity), water, heating & cooling.
  • Parking Maintenance: $99.95/month
  • Locker Maintenance: $29.95/month
  • Lawyer: Levy Zavet PC in Trust

Deposit Structure

EXTENDED DEPOSIT STRUCTURE
• $10,000 on Signing
• Balance to 5% in 15 days
• 2.5% on January 31st, 2025
• 2.5% on July 2nd, 2025
• 2.5% on January 31st, 2026
• 2.5% on July 2nd, 2026
• 5% on Occupancy (2028)

Current Incentives

LIMITED-TIME PROMOTIONS

  • EXTENDED DEPOSIT STRUCTURE
  • DISCOUNTED PARKING $125,000 (original $150,000)
  • DISCOUNTED LOCKER $18,000 (original $25,000)
  • CAPPED DEVELOPMENT CHARGES
    • 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
  • 3 YEAR RENTAL GUARANTEE AT $7 PER SQUARE FOOT
    or
    CREDIT ON CLOSING OF $10,000
  • $500 ASSIGNMENT FEE + $1,250 LEGAL FEE (Reduced from $5,000 + $1,250 Legal Fee)
  • TERRACE & PENTHOUSE EXCLUSIVE (Gas Line Installation & Water Hose Bib Installation at No Additional Cost**)

Building 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




 

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