Floor plan for 388 Richmond St #506, Toronto Ontario M5V 3P1
23 hours on Market

388 Richmond St #506, Toronto, Ontario M5V 3P1

In the same building:
-
Condo
1 + 1
1
~900-999 sqft
$499,000
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Condo
1 + 1
1
~900-999 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$527/sqft

Est. Mortgage$2,143/mo

Maintenance fees$773/mo

Tax Amount (2024)$3,390/yr

Days On Market23 hours


Description

Ready to renovate! Suites rarely come available in the sought-after District Lofts building that helped define the modern loft concept. This suite provides the ideal canvas to work with. Refer to floor plan in listing images and listing attachments, all building amenities included in listing photos. Highly efficient layout with ceilings up to 10' and approximately 950sf to work with. Layout offers a distinct kitchen area from large living area that looks south with a view of the CN Tower. Gas supply present. Both the living room and bedroom walk out to a balcony that overlooks Richmond St W and enjoys direct sunlight from late morning until well into the afternoon. The bedroom offers an incredibly deep walk-in closet to improve, or annex the widest portion of it to create a larger bedroom. Long-length bathroom affords many possibilities for a spa-like bathroom, and walks through to the separate and enclosed den. Den shares the full length of the entry hallway wall that could be removed to open up the space to the kitchen, or leave as-is and enjoy the greater privacy from the building's hallway. Storage on west side of kitchen ideal as pantry or alternative to storage locker. Enquire with listing agent for examples of the fine work others have done with this versatile suite type. The building is the winner of the 2003 City of Toronto Architecture and Urban Design Award of Excellence and an Innovative Building Award from the CMHC.


Property Details

StyleApartment
View-
Age of property-
SqFt~900-999 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberC12108215
Community NameEntertainment District
Data SourceTRREB
Listing byLANDLORD REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air

Flat Floor

Den

2.72 x 2.91

Living

5.48 x 4.17

Dining

5.48 x 4.17

Br

2.55 x 4.0


Features

Patio: Open
Balcony: Open

05Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Apr 28, 2025
ListedActive
$499,000
23 hours on market
history photo preview26
Listing by trreb®
Property listed by LANDLORD REALTY INC., Brokerage

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Market Data - Entertainment District

Geo Zone Map ThumbnailEntertainment District

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

32 days

Compared to

2024

31 days

2023

22 days

2022

9 days

New Listings

Past 30 days

288 listings

Compared to

2024

257 listings

2023

188 listings

2022

240 listings

Units sold

Past 30 days

58 units

Compared to

2024

87 units

2023

86 units

2022

152 units

Median Sold Price

Past 30 days

$715,000

Compared to

2024

$715,000

2023

$727,000

2022

$831,900


Population and Demographics

Overview

Total population 32132
Average household income $172,021

Age (%)

20 to 34
57%
35 to 49
22%
50 to 64
9%
0 to 19
7%
65 and plus
5%

Household composition (%)

Single person
57%
Single family
32%
Multi person
11%
Multi family
0%

Mother tongue (%)

English
63%
Mandarin
10%
Yue (Cantonese)
4%
Spanish
3%
French
3%
Russian
2%
Arabic
2%
Hindi
2%
Korean
1%
Iranian Persian
1%
Others
1%

House tenancy (%)

Renters
61%
Owners
39%

Schools and amenities

Estimated Budget