Looking for a studio for sale that offers urban convenience without the high price tag? Whether you’re a first-time buyer, investor, or someone seeking a smartly designed living space, studios are an increasingly popular option in today’s market. Compact, stylish, and often centrally located, studio condos and apartments deliver excellent value in cities like Toronto, Mississauga, Vaughan, and beyond.

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908 438 Richmond Street W

Waterfront Communities C1 Toronto M5V 3S6

$458,000

Residential Condo & Other beds: 0 baths: 1.0

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• Details
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Status:

Active

Prop. Type:

Residential Condo & Other

MLS® Num:

C12364837

Bathrooms:

1

• Photos (18)

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Welcome to your new home at The Morgan - a standout Art Deco gem in the heart of Toronto's vibrant Fashion District! This spacious, open-concept studio suite offers a rare blend of historic charm and modern convenience. Inside, you'll find gorgeous wainscotting, extra high ceilings, and an abundance of storage. An in-suite stacked washer and dryer offers true convenience, while a full kitchen - complete with fridge, stove, and dishwasher - makes everyday living a breeze. Whether you're working from home, entertaining, or simply relaxing, this thoughtfully designed layout gives you the freedom and space to do it all. The Morgan is a well-managed and iconic building, built in 2002 but inspired by neighbouring 1920s landmarks, blending timeless architecture with modern living. Residents can soak up the benefits of a boutique living experience, padded out with full-scale amenities: concierge, gym, cinema, party and meeting rooms, sauna, a rooftop terrace with BBQs, and visitor parking. Ground-floor retail includes cafes and shops, adding unbeatable convenience to your daily routine! Location-wise, you're nestled between Queen and King Streets West, steps from Spadina Avenue, and surrounded by some of the best restaurants, shops, and galleries in the city. With the TTC just outside and Billy Bishop Airport just 20 minutes away, commuting is a breeze. Spend your weekend exploring Kensington Market, picnicking in Trinity Bellwoods Park, or walking along the waterfront, all within easy reach from your doorstep. From nightlife to nature, you'll have the best of Toronto right at your doorstep! Come experience stylish living in one of downtown's most desirable addresses!

General Info:

Property Type:

Residential Condo & Other

Property Sub Type:

Condo Apartment

Home Style:

Apartment

Total Approx Floor Area:

0-499

Exposure:

North

Bedrooms:

0

Bathrooms:

1.0

Kitchens:

1

Bedrooms Above Grade:

0

Kitchens Above Grade:

1

Rooms Above Grade:

3

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Storey:

9

Balcony:

None

Basement:

None

Fireplace/Stove:

No

Garage:

None

Garage Spaces:

0.0

Parking Type:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Locker Level:

E

Locker Unit:

45

Locker:

Owned

Family Room:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Maintenance Fee:

$426

Maintenance fees include:

Water Included, Heat Included, CAC Included, Building Insurance Included, Common Elements Included

Taxes:

$2,043.58 / 2025

Assessment:

$- / -

Listing Area:

Toronto C01

Listing Sub-Area:

Waterfront Communities C1

County Or Parish:

Toronto

Interior Features:

Carpet Free

Security Features:

Security Guard

Pets Permitted:

Restricted

Inclusions:

Fridge, Stove, Dishwasher, Washer, Dryer, All electrical light fixtures (not belonging to tenants), All window Coverings (not belonging to tenants)

Exclusions:

All window coverings and all electrical light fixtures that belong to tenants.

Exterior Finish:

Brick

Building Amenities:

Exercise Room, Gym, Recreation Room, Sauna

Room Information:

Floor

Type

Size

Other

Flat

Living Room

19'2"5.84 m × 10'7"3.23 m

Combined w/Br, Window, Laminate

Flat

Primary Bedroom

19'2"5.84 m × 10'7"3.23 m

Combined w/Living, Window, Laminate

Flat

Kitchen

11'3.35 m × 7'2.13 m

Open Concept, Overlooks Living, Ceramic Floor

Other Details:

Special Designation:

Unknown

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Ensuite Laundry:

No

Laundry Access:

Ensuite

Business Info:

Condo Corporation Number:

1477

Property Management Company:

Brookfield Property Management

Listing Info:

Date Listed:

Aug 26, 2025

Original Price:

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Previous Price:

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• 
  Building
• 
  Entrance
• 
  Gym
• 
  Rooftop Terrace
• 
  Entrance
• 
  Laundry
• 
  Bathroom
• 
  Bathroom 2
• 
  Bathroom 3
• 
  Kitchen & Living
• 
  Kitchen
• 
  Kitchen 2
• 
  Kitchen & Living 2
• 
  Living
• 
  Living 2
• 
  Living 3
• 
  Living 4
• 
  Hallway

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Listed by RIGHT AT HOME REALTY

Data was last updated August 28, 2025 at 04:15 AM (UTC)

Area Statistics

Listings on market:

824

Avg list price:

$689,000

Min list price:

$339,900

Max list price:

$22,500,000

Avg days on market:

48

Min days on market:

1

Max days on market:

714

These statistics are generated based on the current listing's property type and located in Waterfront Communities C1. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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Why Buy a Studio Apartment or Condo?

• Affordable Entry Point: Studios are typically the most budget-friendly option for homeownership in the GTA.
• High Rental Demand: Ideal for investors looking for steady rental income with low vacancy risk.
• Prime Locations: Many studios are in downtown or transit-connected areas.
• Low Maintenance: Less space = fewer costs for upkeep, utilities, and property taxes.
• Efficient Living: Open layouts, modern designs, and creative storage solutions maximize functionality.

Features to Expect in Studio Listings

Modern studios on the market today often include:

• Open-concept layouts ranging from 300 to 600 sq. ft.
• Floor-to-ceiling windows, built-in storage, and balconies
• Updated kitchens with quartz countertops and stainless steel appliances
• In-unit laundry and energy-efficient systems
• Access to amenities like gyms, rooftop decks, and co-working lounges

Neighbourhood Highlights Around Popular Studio Areas

Studio buyers often focus on central and transit-rich areas like Downtown Toronto, Yonge & Eglinton, and Vaughan Metropolitan Centre. These neighbourhoods offer:

• Walkable access to restaurants, cafes, and nightlife
• Close proximity to TTC, GO, and major highways
• Parks, universities, coworking spaces, and shopping districts
• A vibrant mix of professionals, students, and urban explorers

Whether you’re seeking a cozy personal space or a high-demand rental unit, these neighbourhoods provide both lifestyle perks and strong resale value.

What to Expect When Buying a Studio for Sale

Studios are designed to maximize every square foot, offering:

• Affordable ownership in otherwise expensive locations
• Flexible layouts that combine living, sleeping, and cooking
• Quality finishes like hardwood flooring and smart lighting
• Ideal fit for remote workers, students, or investors

Explore More GTA Homes:

• Condos for Sale in Toronto Under $350K
• Waterfront Cottages for Sale in Ontario under $300000
• Houses for Sale Richmond Hill under $500000
• Houses for Sale near Caledonia and Eglinton West
• Condos for Sale in Toronto Under $400K
• Aurora Homes For Sale
• Bradford Homes For Sale
• King City Homes For Sale
• Markham Homes For Sale
• Newmarket Homes For Sale
• Richmond Hill Homes For Sale
• Thornhill Homes For Sale
• Toronto Homes For Sale
• Brampton Homes For Sale
• Uxbridge Homes For Sale
• Vaughan Homes For Sale
• Stouffville Homes For Sale
• Mississauga Homes For Sale

Each link provides updated listings and expert insights.

FAQs – Studio for Sale

1. What is the average price for a studio in the GTA?
Studios typically range from $350,000 to $550,000, depending on location, building age, and finishes.

2. Are studio condos a good investment?
Yes. Studios are often easier to rent, carry lower maintenance fees, and perform well in high-demand rental areas.

3. Do studios come with parking or storage lockers?
Some do, but many studios do not include parking. Storage lockers may be available at an extra cost.

4. Who should buy a studio apartment?
Studios are perfect for first-time buyers, young professionals, students, or investors looking for affordable and in-demand properties.