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Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

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Home/The Addison Condos/Silk

Silk

Available

$800,990

$1,723/sq ft

1 Bed·1.0 Bath·465 sq ft·West·$1,723/sq ft

Bedrooms

1 Bed

Bathrooms

1.0

Size

465 sq ft

Exposure

West

Prev: Brocade2 / 3Next: Velvet
Silk Floor Plan at The Addison Condos - 465 sq.ft
Click to enlarge

Floor Range: 2 | Unit Number: 02

Price History

$801K$817K$832K$848K$864KMar 23Feb 24

Launch Price

$863,990

$1,858/sq ft

Mar 26, 2023

Current Price

$800,990

$1,723/sq ft

▼$63,000 (-7.3%)
DatePricePrice / Sq Ft
Mar 26, 2023$863,990$1,858/sq ft
Feb 21, 2024$800,990
▼ $63,000
$1,723/sq ft
▼ $135/sqft

Comparable Listings Nearby

Beta

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For Sale6 listings
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533 Richmond Street W, Unit 408For SaleStrong Match

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505 Richmond Street W, Unit 722For SaleStrong Match

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0.1 km·Built 2023·3d on mkt
505 Richmond Street W, Unit 915For SaleStrong Match

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505 RICHMOND Street W, Unit 922For SaleStrong Match

$645,800

505 RICHMOND Street W, Unit 922

1 Bed1 Bath500-599 sqft
0.1 km·Built 2023·58d on mkt
For Rent6 listings
123 Portland Street, Unit 706For LeaseStrong Match

$3,300/mo

123 Portland Street, Unit 706

1 Bed1 Bath600-699 sqft
<0.1 km·19d on mkt
533 Richmond Street W, Unit 403For LeaseStrong Match

$3,000/mo

533 Richmond Street W, Unit 403

1 Bed1 Bath700-799 sqft
<0.1 km·7d on mkt
543 Richmond Street W, Unit LPH08For LeaseStrong Match

$2,950/mo

543 Richmond Street W, Unit LPH08

1 Bed2 Bath500-599 sqft
<0.1 km·5d on mkt
543 Richmond Street W, Unit PH05For LeaseStrong Match

$2,950/mo

543 Richmond Street W, Unit PH05

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<0.1 km·6d on mkt
543 Richmond Street W, Unit 1112For LeaseStrong Match

$2,700/mo

543 Richmond Street W, Unit 1112

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543 Richmond Street W, Unit 828For LeaseStrong Match

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543 Richmond Street W, Unit 828

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Deposit Structure

Deposit breakdown for this unit priced at $800,990

(15% + 5%) $10,000.00 On Signing Balance to 5% - 30 days 5% - 90 days 2.5% - 360 days 2.5% - 540 days 5% - Occupancy

MilestoneRateAmountCumulativeDue Date
$10,000.00 On Signing$10,000.00$10,000$10,000On Signing
Balance to 5% - 30 daysBalance to 5%$30,050$40,050May 9, 2026
5% - 90 days5%$40,050$80,099Jul 8, 2026
2.5% - 360 days2.5%$20,025$100,124Apr 4, 2027
2.5% - 540 days2.5%$20,025$120,149Oct 1, 2027
5% - Occupancy5%$40,050$160,198At Occupancy
Total Deposit20.0%$160,198

465 sq ft × $0.79/sq ft = $367/mo

Add-ons

Monthly Mortgage (P&I)$3,397
Property Tax (est.)$434
Maintenance Fees$367
Total Monthly Cost$4,197
Est. Rental IncomeBeta−$2,250
Net Monthly Cost−$1,947

Down payment: $160,198 (20%) · Mortgage: $640,792

Estimates only. Property tax rate: 0.65%. Actual rates may vary. Consult a mortgage professional for accurate figures.

Rental estimate based on median of nearby comparable units (beta).

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