TheCondoPortal logo
HomeNeighbourhoodsMapBlogBrokerage

TheCondoPortal

Your destination for pre-construction condos, townhouses, and homes.

Discover

  • Home
  • Neighbourhoods
  • Map
  • Blog
  • Developers
  • Cities

Company

  • About Us
  • Our Team
  • Contact

Get in Touch

Have questions about a project? We're here to help.

Send a Message →

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.

© 2026 TheCondoPortal. All rights reserved.

Data powered by

Privacy PolicyTerms of Service
Home/The Addison Condos/Velvet

Velvet

Available

$973,990

$1,519/sq ft

2 Bed·1.0 Bath·641 sq ft·East·$1,519/sq ft

Bedrooms

2 Bed

Bathrooms

1.0

Size

641 sq ft

Exposure

East

Prev: Silk3 / 3
Velvet Floor Plan at The Addison Condos - 641 sq.ft
Click to enlarge

Floor Range: 3-5 | Unit Number: 01

Price History

$974K$1.0M$1.0M$1.1M$1.1MMar 23Feb 24

Launch Price

$1,125,990

$1,757/sq ft

Mar 26, 2023

Current Price

$973,990

$1,519/sq ft

▼$152,000 (-13.5%)
DatePricePrice / Sq Ft
Mar 26, 2023$1,125,990$1,757/sq ft
Feb 28, 2024$973,990
▼ $152,000
$1,519/sq ft
▼ $237/sqft

Comparable Listings Nearby

Beta

Similar 2 Bed condo units nearby

For Sale4 listings
533 Richmond Street W, Unit 505For SaleStrong Match

$765,000

533 Richmond Street W, Unit 505

2 Bed1 Bath800-899 sqft
<0.1 km·10d on mkt
123 Portland Street, Unit 408For SaleGood Match

$795,000

123 Portland Street, Unit 408

2 Bed2 Bath800-899 sqft
<0.1 km·7d on mkt
505 Richmond Street W, Unit 512For SaleGood Match

$1,250,000

505 Richmond Street W, Unit 512

2 Bed1 Bath800-899 sqft
0.1 km·Built 2023·7d on mkt
156 Portland Street, Unit 302For SaleGood Match

$944,900

156 Portland Street, Unit 302

2 Bed2 Bath700-799 sqft
0.1 km·96d on mkt
For Rent6 listings
156 Portland Street, Unit 306For LeaseStrong Match

$3,975/mo

156 Portland Street, Unit 306

2 Bed2 Bath700-799 sqft
0.1 km·42d on mkt
123 Portland Street, Unit 803For LeaseStrong Match

$3,350/mo

123 Portland Street, Unit 803

2 Bed2 Bath800-899 sqft
<0.1 km·3d on mkt
505 Richmond Street W, Unit 1103For LeaseStrong Match

$2,995/mo

505 Richmond Street W, Unit 1103

2 Bed1 Bath600-699 sqft
0.1 km·14d on mkt
123 Portland Street, Unit 702For LeaseStrong Match

$3,300/mo

123 Portland Street, Unit 702

2 Bed2 Bath800-899 sqft
<0.1 km·4d on mkt
505 Richmond Street W, Unit 709For LeaseStrong Match

$3,000/mo

505 Richmond Street W, Unit 709

2 Bed1 Bath600-699 sqft
0.1 km·Built 2023·27d on mkt
543 Richmond Street W, Unit 319For LeaseStrong Match

$3,450/mo

543 Richmond Street W, Unit 319

2 Bed2 Bath700-799 sqft
<0.1 km·Built 2023·4d on mkt

Deposit Structure

Deposit breakdown for this unit priced at $973,990

(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%$38,700$48,700May 11, 2026
5% - 90 days5%$48,700$97,399Jul 10, 2026
2.5% - 360 days2.5%$24,350$121,749Apr 6, 2027
2.5% - 540 days2.5%$24,350$146,099Oct 3, 2027
5% - Occupancy5%$48,700$194,798At Occupancy
Total Deposit20.0%$194,798

641 sq ft × $0.79/sq ft = $506/mo

Add-ons

Monthly Mortgage (P&I)$4,130
Property Tax (est.)$528
Maintenance Fees$506
Total Monthly Cost$5,164
Est. Rental IncomeBeta−$2,800
Net Monthly Cost−$2,364

Down payment: $194,798 (20%) · Mortgage: $779,192

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).

Book a Consultation

Schedule a call or meeting to discuss Velvet.

1
Date
2
Time
3
Details
4
Confirm

Select a date

Choose from available dates below

April 2026

Sun
Mon
Tue
Wed
Thu
Fri
Sat
Available
Unavailable