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Reside on Richmond

By Originate Developments Inc., Harlo Capital

Downtown / Queen West, Toronto, Ontario
Condo
Occupancy: 2028
Studio - 3 Beds
349 - 775 sq ft sqft

Starting from

$551,990

TypeCondo
From$551,990
Storeys18 floors
Units216
BedsStudio - 3
Baths1 - 2
Size349 - 775 sq ft sqft
Completion2028

Overview

Project Details

Architect
Kirkor Architect + Planners
Building type
Condo
Storeys
18 storeys
Total homes
216
Beds
Studio - 3
Baths
1 - 2
SqFt
349 - 775 sq ft sqft
Parking cost
$95,000
Storage cost
$8,500
Maint/sqft
$0.74/sq ft
Avg price/sqft
$1420
Estimated completion
2028
Deposit structure
15% spread before occupancy
Assignment policy
Assignment Friendly
Appreciation forecast
4.2%/yr

Reside on Richmond is a new condominium project located in the heart of downtown Toronto, Ontario. Developed by Originate Developments Inc. and Harlo Capital, this 18-storey building offers 216 residences situated in the vibrant Queen West neighborhood. The development features a diverse unit mix ranging from studios to three-bedroom layouts, designed to accommodate various lifestyle needs. Residents will have access to a comprehensive suite of building amenities, including a professional fitness studio, a rooftop barbecue lounge, a dedicated coworking space for remote professionals, a pet wash station, and a 24-hour concierge service to ensure building security and convenience. The structure is designed to integrate seamlessly into the dense urban fabric of the city while providing modern living spaces for future occupants. By focusing on essential services and contemporary common areas, the project addresses the growing demand for functional and accessible residential housing in the downtown core. Each component of the building has been curated to balance personal comfort with the requirements of an active metropolitan life. Units at Reside on Richmond are currently available for purchase with prices starting from $551,990 CAD. The suites range in size from 349 to 775 square feet, catering to a broad demographic of investors and end-users. The developer is offering a deposit structure of 15% spread before the anticipated occupancy date in 2028. Located in a high-demand transit-oriented area, the property benefits from proximity to Toronto's extensive public transportation network and major employment hubs. Purchasing in this segment of the Toronto real estate market offers long-term stability due to the city's status as a primary economic engine in Canada. The combination of competitive pricing, manageable deposit requirements, and a central location makes this development a significant addition to the local market inventory as the region continues to grow.

#PreConstruction#NewCondos#TorontoCondos#TorontoRealEstate#OntarioRealEstate

Pricing and Fees

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The Studio Urban

0 Bed 1 Bath 349-365 sqft

From

Efficient open-concept studio perfect for students or young professionals.

The Richmond One

1 Bed 1 Bath 425-450 sqft

From

Functional one-bedroom layout with linear kitchen and floor-to-ceiling windows.

The Skyline View

1 Bed 1 Bath 485-510 sqft

From

Spacious one-bedroom with a dedicated work-from-home nook and balcony access.

The Executive Den

1 Bed 1 Bath 530-560 sqft

From

One-bedroom plus den configuration offering extra flexibility for an office or storage.

The City Two

2 Bed 1 Bath 605-630 sqft

From

Intelligently designed two-bedroom suite with a split-bedroom floor plan for privacy.

The Richmond Corner

2 Bed 2 Bath 680-715 sqft

From

Corner suite featuring two full baths and wrap-around windows for enhanced natural light.

The Penthouse Three

3 Bed 2 Bath 745-775 sqft

From

Spacious three-bedroom residence maximizing every square foot for modern family living.

AI-generated floor plan estimates. Contact us for official floor plans and pricing.

Amenities

Fitness Studio
Rooftop BBQ Lounge
Coworking Space
Pet Wash Station
24-Hour Concierge

Neighbourhood

98Walk
97Transit
96Bike

About the Neighbourhood

Centrally positioned between West Queen West and the Fashion District with transit access, galleries, boutique retail, and entertainment.

164 Bathurst Street

Contact sales center

Request additional information including price lists and floor plans.

Investment Analysis

Investment Analysis

AI-scored using verified market signals

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91
OUT OF 100
Excellent opportunity

Strong fundamentals across location, rental economics and growth outlook.

Est. monthly rent

$2,100–$3,900

5-yr appreciation

+4.2%

Starting from

$551,990

Price per sq ft

$1,420

How this score is calculated
Walkability98/100 Walk Score
Transit access97/100 Transit Score
Cycling96/100 Bike Score
Rental yield potential4.57% gross yield
Appreciation outlook+4.2%/yr forecast

The AI Investment Score blends the verified signals above — location scores, rental economics and appreciation outlook — with how strongly the project was corroborated across independent sources. It is a research aid, not financial advice.

Rental Yield Calculator

Estimate cash flow & returns for this unit

Purchase & Financing

Purchase Price$551,990
$300,000$3,000,000
Down Payment35%
5%50%
Mortgage Rate4.5%
2.0%10.0%
Amortization30 yrs
10 yrs30 yrs

Rental Income

Monthly Rent$3,100
$1,000$8,000
Vacancy Rate3%
0%15%

Monthly Summary

Monthly Cash Flow

-$2

Negative cash flow / month

Gross Yield

6.54%

Net Yield

3.95%

Monthly Breakdown

Effective Rent+$3,007
Mortgage Payment-$1,818
Condo / Strata Fee-$600
Property Tax-$350
Mgmt Fee-$241
Net Cash Flow-$2

* Estimates only. Consult a financial advisor before investing. Figures exclude insurance, repairs, and capital improvements.

Mortgage Calculator

Estimate your payment

Loan Details

$551,990
20% ($110,398)
5.25%
25 years

Payment Frequency

Monthly Payment

$2,646

Principal & interest

Mortgage Amount

$441,592

Total Cost

$793,869

* Estimates only, for illustration. Excludes taxes, insurance and fees. Confirm rates with your lender.

Closing Cost Estimator

Taxes calculated for Ontario · Toronto
$551,990
20%
Land Transfer Tax (Ontario + Toronto)$15,030

Ontario tax plus Toronto municipal tax

Legal Fees$1,500
Title Insurance$400
Home Inspection$500
Total Closing Costs$17,430

Investment Return Estimator

$551,990
20%
4.2%
$2,100
5 yrs
Down Payment$110,398
Property Value in 5 yrs$678,063
Total Rental Income (net)$77,200
Estimated Profit$169,370
ROI on Down Payment153%

Frequently Asked Questions

Units at Reside on Richmond start from $551,990.

Still have a question about Reside on Richmond?

Illustrative estimates only — not financial, tax or investment advice. The investment score, rental yield projections, appreciation forecasts, closing-cost and mortgage figures presented in this section are computer-generated estimates produced for demonstration purposes. They do not constitute an appraisal, a formal opinion of value, a mortgage pre-approval, or any form of financial, tax or legal advice, and they must not be relied upon when making a purchase decision. Actual costs, taxes, financing terms and returns will vary with the applicable jurisdiction, lender criteria, market conditions and individual circumstances. CondoGuru.ca and its affiliates make no representation or warranty as to the accuracy or completeness of these figures and expressly disclaim all liability for any loss or damage arising from reliance upon them. Prospective purchasers should independently verify all amounts with the developer's sales team, a licensed mortgage professional, and a qualified legal or tax advisor.

Developer Profile

Developer Profile

Originate Developments Inc. & Harlo Capital

Toronto, Ontario, Canada

Originate Developments is an innovative Toronto-based boutique real estate developer creating high-quality, design-forward urban multi-family residences.

Projects

0

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Other Projects by This Developer

No other projects found.

Last updated: September 28, 2026

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From$551,990