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    388 Richmond Street W

    District Lofts
    0for Sale
    1for Rent

    Building Details

    Property Type:
    Soft Loft
    Number of Storeys:
    14
    Number of Units:
    148
    Condo Completion:
    2001
    Condo Demand:
    Medium
    Unit Size Range:
    579 - 2,400 SQFT
    Unit Availability:
    Low

    Listing History for District Lofts

    Receive listing updates for Queen West

    Amenities

    Party Room
    Security System
    Visitor Parking
    Concierge
    Gym Room
    Rec Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 388 Richmond Street WDistrict Lofts

    We are aware that winning isn’t everything. We know that not everything needs to be made into a competition. But on certain occasions it is okay to keep score — and in this particular case, the District Lofts has without a doubt come out on top.

    This isn’t just a subjective remark, either. Built in 2002, the creators of these soft lofts at 388 Richmond Street West have taken home multiple awards for their work. When working together, Context Developments and Architects Alliance clearly make an all-star team.

    To name a few honours bestowed upon the District Lofts and its creators, the building received the Architecture and Urban Design Award of Excellence from the City of Toronto in 2003, as well as an award from the Canada Mortgage and Housing Corporation for innovation in building design. No wonder 388 Richmond West has quite the reputation.

    While the design is the most obvious innovation, other elements are praiseworthy as well. The developers made sure to include pioneering fire safety, energy efficiency, and ventilation strategies when constructing the homes at 388 Richmond West in the Queen West neighbourhood. Amenities also include a rooftop terrace with barbecues, a party room, a gym, and a concierge.

    The District Lofts is technically made up of two towers that are connected by a landscaped walkway. A splash of exclusivity is inserted into the atmosphere, as this courtyard area, being four storeys above the ground, is only for residents to use.

    The building has also been commended for its ability to blend in with its surroundings. Rather than overpowering its neighbours, the contemporary style manages to fit right in with its historical neighbours. Even the above ground parking is hidden from plain sight, while providing all residents with an elevated view of the city.

    The parking situation was actually a point of contention when constructing the lofts at 388 Richmond West. Since these homes sit where a parking lot once did, downtown drivers were given their spots back after the building’s completion. About half of the parking spots are granted to building residents and their guests, while an equal amount is available for the general public.

    The Suites

    Anyone looking for privacy is in luck, as every single unit at the District Lofts is spread out over two storeys. More intimate homes start at around 600 square feet, while families can also be satisfied by the 2,500 square foot units available here. These larger units also feel even roomier thanks to their ceiling heights that reach up to 18 feet high.

    Glass covers the upper portion of the District Lofts’ façade. Once inside, this equates to wall-to-wall windows, with their accompanying natural sunlight and incredible views of downtown Toronto.

    The building is home to 146 units, each with its own private outdoor area. For some, this means a charming balcony with enough space for a barbecue (gas hookup provided) and some seating. Other units, however, boast spacious terraces that cover as much as 300 square feet.

    Industrial design features also include concrete ceilings, and exposed pipes and ductwork.

    The Neighbourhood

    Queen West condos for sale at 388 Richmond West come with an incredibly exiting neighbourhood. While technically the neighbourhood can be called the Queen West or the Fashion District, there is much more to do than just shopping here.

    The world is literally at the doorsteps of the District Lofts, with Chinatown just to the north, and Kensington Market’s wide array of global fare just beside that. The delicious strip of Dundas that has become dubbed Toronto’s own “Little Tokyo” is also within reach, and residents exploring this area can even stop off at the Art Gallery of Ontario on their way back.

    Theatres of all sorts surround the District Lofts. Roy Thompson Hall is the go-to spot for a live symphony orchestra show, while the Royal Alexandra and Princess of Wales are both right across the street, where touring and local plays can be seen. Cinephiles are in luck too, as the TIFF Bell Lightbox is just a short walk away from 388 Richmond, where the rotating roster includes both independent international films and blockbuster hits.

    Transportation

    With its location near to the intersection of Spadina Avenue and Queen Street West, even residents without vehicles of their own can get around the city with ease. Streetcars run along both of these major arterial roads, and offer connections to both the Bloor-Danforth and University-Spadina subway lines. For those who like to stay out until the sun comes up, the Queen streetcar service even runs 24 hours a day.

    Drivers will love living within such close proximity to the Gardiner Expressway, which can be accessed via Spadina. From here, other major highways can be reached in no time, such as the 427 and the Don Valley Parkway.

    For those heading out of town, Billy Bishop Toronto City Airport is a 10 minute drive away, while Pearson International Airport can be reached in just under 30 minutes by car. By transit, Pearson is still under an hour away for residents, thanks to the UP service that departs from Union Station.

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    Explore Queen West

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

    Similar lofts

    Demographics

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

    Population
    18,483
    Average Individual Income
    $71,628
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $108,396
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    43%
    Semi Detached
    25%
    Detached
    24%
    Low Rise Apartment
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    District Lofts vs The Queen West Area

    Days on Strata

    Units at District Lofts spend an average of
    38
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    4%
    above
    the list price.

    Offer Competition

    Lofts in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Queen West

    Turnover of Units

    On average, each unit is owned for
    4.2
    YEARS before being sold again

    Property Value

    2%
    Increase in property value within the past twelve months

    Price Ranking

    30th
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value Rank

    District Lofts offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    District Lofts has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    District Lofts yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    District Lofts is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 388 Richmond Street W

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$590,000No Data$857,000 - $1,265,000No DataNo Data
    Avg. Cost Per Sqft$827No Data$959No DataNo Data
    Avg. Wait for Unit Availability150 Days412 Days75 Days1253 Days284 Days
    Ratio of Units in Building30%13%49%7%3%

    Unit Sales vs Inventory

    Total number of units listed and sold in Queen West