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    Toronto / Midtown / Forest Hill South

    508 - 40 Richview Rd

    For SaleHumberview Heights Condos
    $729,888
    2 Beds + 1
    2 Bath
    1 Parking
    1,300 SQFT
    26 Days on Strata
    Est Sell Timeframe
    22 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,113/mth
    Taxes:
    $2,265 (2024)
    Cost Per Sqft:
    $561/sqft
    Locker:
    Exclusive
    Outdoor Space:
    None
    Exposure:
    North West
    Possession Date:
    Flexible
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Heat Pump

    Room Dimensions

    Dining
    Combined with Living, Open Concept
    15.42 x 10.56ft
    Kitchen
    Nw View, Picture Window, Breakfast Area
    14.96 x 7.74ft
    Living
    Open Concept, Picture Window
    15.36 x 9.45ft

    About this Listing

    Discover this rare, spacious, and beautifully renovated corner suite offering over 1,300 sq. ft. of modern living. This 2+1 bedroom apartment is located on the 5th floor of a well-maintained building with stunning tree-top, north-west exposures. The den easily serves as a third bedroom, while the open-concept kitchen features a breakfast area and updated finishes. The expansive master bedroom includes a walk-in closet and a 4-piece ensuite bathroom. Large windows flood the home with natural light, creating an inviting atmosphere throughout.The building offers top-notch amenities, including tennis courts, a pool, sauna, and gym. Ideally situated near parks, schools, shopping, and transportation, this suite combines both comfort and convenience. With its generous layout, park-like views, and prime location, this is a rare opportunity for a feel-good home.

    ExtrasUpgraded Flooring, Baseboards, Paint 2023

    exp realtyMLS® #W9381787

    Amenities

    Security System
    Guest Suites
    Visitor Parking
    Tennis Court
    Games Room
    Lap Pool

    Explore Neighbourhood

    4/10
    Walkability
    Halfway to a walker's paradise, you might want to invest in a hoverboard.
    6/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    6/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    7,192
    Average Individual Income
    $60,292
    Average Household Size
    3 persons
    Average Age
    40
    Average Household Income
    $111,861
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    21%
    35 - 49
    17%
    50 - 64
    23%
    65+
    21%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    26%
    $60,000+
    12%
    $90,000+
    6%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    49%
    Low Rise Apartment
    15%
    High Rise Apartment
    15%
    Semi Detached
    12%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    57%
    Mandarin
    14%
    Cantonese
    11%
    Other
    10%
    Tagalog
    3%
    Tamil
    3%
    Spanish
    1%
    Urdu
    1%
    Education
    University and Above
    28%
    High School
    27%
    None
    18%
    College
    17%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    12%
    Social Sciences
    10%
    Humanities
    7%
    Physical Sciences
    5%
    Math & Computer Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    Humberview Heights Condos vs The Forest Hill South Area

    Building Trends At Humberview Heights Condos

    Days on Strata

    Units at Humberview Heights Condos spend an average of
    39
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Forest Hill South

    Turnover of Units

    On average, each unit is owned for
    15.8
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 23 condos in the Forest Hill South area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    Humberview Heights Condos offers the
    ?
    best value out of 23 condos in the Forest Hill South neighbourhood

    Appreciation Rank

    Humberview Heights Condos has the
    ?
    highest ROI out of 23 condos in the Forest Hill South neighbourhood

    Rental Yield

    Humberview Heights Condos yields the
    ?
    highest rent prices out of 23 condos in the Forest Hill South neighbourhood

    High Demand

    Humberview Heights Condos is the
    ?
    most popular building out of 23 condos in the Forest Hill South neighbourhood

    Transaction Insights at 40 Richview Road

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo DataNo Data$626,000 - $690,000$605,000 - $625,000$899,900$755,000
    Avg. Cost Per SqftNo DataNo Data$547$523$526$461
    Avg. Wait for Unit Availability371 Days524 Days61 Days290 Days213 Days368 Days
    Ratio of Units in Building12%7%54%8%21%1%

    Transactions vs Inventory

    Total number of units listed and sold in Forest Hill South