388 Richmond Street W 519

Waterfront Communities C1, Toronto, M5V 3P1 · More in this building

$549,900

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  • 2 bedrooms
  • 2 bathrooms
  • 1 parking
  • 1000-1199 sq ft

Listed 5 days ago · MLS® C14082804

About this home

Come one, come all! This is a renovation project you cannot afford to pass up! Where turnover is rare and demand is constant, this is a compelling opportunity to own in the highly sought-after District Lofts. Put your touch on this unique, triple-exposure, two-storey residence, seldom found in the Toronto Fashion District. Spanning just over 1,000 square feet, this loft benefits from south, west and north exposures, bringing in a dynamic quality of light that evolves throughout the day. The two-level design creates a natural rhythm between, understanding how people actually live. The main level is open, social and designed for movement while the upper level creates a more distinct sense of privacy above. Positioned in the most valuable pocket of Downtown Toronto, you are steps to King West, Queen West, acclaimed dining, sports and entertainment. A life re-imagined awaits!

Details

Type
Condo Apartment
Style
2-Storey
Size
1000-1199 sq ft
Basement
None
Garage
Underground
Kitchens
1
Property tax
$4,162 (2025)
Maintenance fee
$1,007/month
Neighbourhood
Waterfront Communities C1
Municipality
Toronto C01
Price per sq ft
$500 (46% below condo apartments in Waterfront Communities C1, $926)
Fee per sq ft
$0.92/month (Toronto median $0.92)

Interior

Bedrooms
2 above ground
Bathrooms
1 × 3-piece (main), 1 × 4-piece (second)
Rooms
7 above ground
Family room or den
No
Fireplace
Electric, Living Room
Laundry
In-Suite Laundry, Laundry Closet, Ensuite
Features
Built-In Oven, Carpet Free, Countertop Range

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air

Building and exterior

Style
2-Storey
Exterior
Brick

Parking

Garage spaces
1
Total parking
1
Driveway and parking
Underground

Condo

Building
District Lofts
Monthly fee
$1,007
Fee includes
Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included
Amenities
BBQs Allowed, Concierge, Exercise Room, Party Room/Meeting Room, Rooftop Deck/Garden, Visitor Parking
Locker
Owned (level 01)
Balcony
Terrace
Exposure
North West
View
Clear, Downtown, City, Skyline
Pets
Yes-with Restrictions
Property manager
First Service Residential (416) 293-5900

More

Possession
30 Days
Nearby
Arts Centre, Hospital, Library, Park, Place Of Worship, Public Transit
Cross street
Richmond St W & Spadina Ave

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Osgoode Subway11 min walk
  • 🚇 St. Andrew Subway12 min walk
  • 🚆 Toronto Union Station GO1.2 km

Within a 10-minute walk: 23 grocery stores, 504 cafés and restaurants, 21 parks, 17 pharmacies. Nearest grocery: Bestco (150 m). Nearest park: Robert Grasett Park (300 m).

Schools nearby

Elementary

  • Ogden Junior Public School
    EQAO: Gr 6 reading 77%, math 53%
    3 min walk
  • ALPHA Alternative Junior School6 min walk
  • Ryerson Community School
    EQAO: Gr 6 reading 65%, math 26%
    11 min walk
  • Cornerstone Preparatory School Private13 min walk

Secondary

  • Oasis Alternative Secondary School6 min walk
  • Downtown Vocal Music Academy of Toronto Private11 min walk
  • Contact Alternative School11 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5V

Owners / renters
42% / 58%
Median household income
$91,000
Average age
35
Children under 15
6%
Homes
0% detached, 97% high-rise
Commute by transit
23%
Population
59,912

Languages spoken most at home besides English: Mandarin 3.7%, Spanish 1.5%, Yue (Cantonese) 1%, Hindi 1%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Wellington Place (2025): 31% above the Toronto average, down 8% from the year before.

  • Assault52% above average
  • Break and enter55% above average
  • Auto theft57% below average
  • Robberyabout average
  • Theft from vehiclesabout average
  • Shootings30% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 50 active

  • 156 JOHN ST · 300 m
    Site Plan · Application Received · applied 2026
    Proposed change of use from office to a hotel occupancy with ground floor modifications.
    Application details
  • 50 STEPHANIE ST · 400 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2025
    Combined Official Plan & Zoning By-law Amendment for an 11-storey purpose-built rental residential building atop a 3-storey podium. The proposed development…
    Application details
  • 276 KING ST W · 500 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2025
    OPA and rezoning for amendments to modify the performance standards applicable to the mixed-use building to be located at 274-284 King Street West on the West…
    Application details
  • 489 KING ST W · 450 m
    Plan of Condominium · Under Review · applied 2025
    Draft Plan of Standard Condominium for 439 units.
    Application details
  • 445 ADELAIDE ST W · 450 m
    Official Plan / Zoning By-law Amendment · Appeal Received · applied 2025
    Zoning By-law Amendment for a 17-storey (59.65m including mechanical penthouse) hotel containing 144 suites.
    Application details
  • 111 PETER ST · 150 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2024
    Zoning By-law Amendment for a new 52-story residential tower atop of the existing 9-story office building with ground-floor retail. This design includes 852…
    Application details

59 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 1 km. Transit times · Driving times

Coming transit

  • 🚧 Chinatown 150 m
  • 🚧 Osgoode 700 m
  • 🚧 King West GO Transit750 m

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CRE

Commercial Residential Employment (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Heritage Protected

This address is on Toronto’s Heritage Register: Heritage Conservation District (Part V) (2024). Changes to the outside (and sometimes inside) usually need a heritage permit, and demolition is restricted.

Heritage Register entry

Building permits

  • Interior Alterations · 2022 · Cancelled
    Interior alterations for new take-out restaurant
  • Interior Alterations · 2021 · Inspection
    Proposal for bathroom renovation comprising the restructuring of plumbing to accomodate freestanding tub and built in shower. (Unit 1104)
  • Garage Repair/Reconstruction · 2020 · Permit Issued
    Parking garage repair
  • Interior Alterations · 2020 · Closed
    Proposed interior alterations to dental office in Unit 3
  • Interior Alterations · 2016 · Closed
    Interior alterations to convert existing ground floor retail to a restaurant/bar with occupant load of 79. Unit 2A. Tenant - "Watson's".…

2 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

36 City street trees within 100 m, mostly maples. That’s about the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by NEST SEEKERS INTERNATIONAL REAL ESTATE.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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