255 Richmond Street E
Building Details
Listing History for Space Lofts
Amenities
Maintenance Fees
About 255 Richmond Street E — Space Lofts
The Space Lofts really represent two sides of the same coin: they’re modern and functional, yet built in the signature Toronto loft style. Unlike the historical appeal of hard loft conversions, this soft loft charms prospective buyers through its multifaceted, fresh, and comfortable nature.
Triloft Developments completed these soft lofts at 255 Richmond St East in 2004, at which time 228 eager residents were itching to move in. Warm red brick is perfectly balanced with sleek glass, both of which wrap themselves around the lower façade of the Space Lofts. As one’s eyes drift just a little higher, glass begins to take over for a camouflaging effect with the sky.
Thanks to its recent construction date, this loft building at 255 Richmond St East contains all the fancy amenities expected from a contemporary condominium. Residents can make use of the gym on a daily basis, while others like the guest suites, party room, and shared barbecues are likely to be saved for special occasions. The building even has its own online forum, where residents can discuss plans for events, resolve issues, or simply get to know one another a little bit better.
The Suites
With over 200 units in total, the homes at the Space Lofts have a chance to differ from one another. The varieties of units at 255 Richmond St East include mezzanine style spaces amongst the first 8 storeys, as well as more typical soft loft units above. Multi-level homes feature bedrooms positioned strategically over the living spaces, offering both privacy and a lookout spot for residents at the same time.
The unit sizes at the Space Lofts also vary. Cozier lofts begin at approximately 360 square feet, the ideal size for a single young professional or a couple. While these may not be large enough to appeal to those with children, larger units thankfully reach to almost 1,000 square feet large. Two-bedroom homes here make for great starter homes for small families, while second bedrooms can easily be transformed into home offices for those without offspring of their own.
In terms of style, the lofts are far from the typical Toronto condos for sale. Instead, they embrace the loft aesthetic, pairing expansive panes of glass and bright, warm sunlight, with the raw look of exposed concrete. And if double height, floor-to-ceiling windows aren’t enough to have you saying “sold,” the balconies overlooking the city are sure to do the trick.
The Neighbourhood
The view from the lofts reveals Toronto’s quirky character: industrial conversions sit happily beside modern-day constructions. Located in the St. Lawrence Market area, residents are constantly reminded of Toronto’s fascinating history and it’s exciting future,
Thanks to its location near to George Brown College, the Space Lofts is situated nearby inexpensive restaurants, bars, and shops. Residents might choose to explore Queen Street East one evening, while heading out along Richmond, Adelaide, or King the next. Regardless, the area is filled with various cuisines from around the world, ready to satiate just about any craving that might hit.
When the time comes to stock up on groceries, those living at 255 Richmond St East have many options. In less than 10 minutes, residents can walk over to the Metro on Front Street East. Alternatively, another ideal spot just across the street from Metro is St. Lawrence Market, where shoppers can find anything from fresh seafood to global spices.
St. Lawrence Market is also a great spot for a lunch break, while the surrounding area offers an array of establishments ideal for an after work drink. For something a little more chic, however, residents can head toward the Distillery District. Once inside this converted whiskey-making complex, independent art galleries and boutiques can be perused, followed by a meal at some of Toronto’s trendiest restaurants.
Transportation
With an address like 255 Richmond St East, traveling around Toronto is never a problem. Queen Station, on the Yonge subway line, can be reached in only 10 minutes on foot. Alternatively, a few minutes can be shaved off of this journey when riding the streetcar along Queen — plus this will save residents from unruly whether, when necessary.
For drivers, on the other hand, those interested in the Space Lofts will be glad to hear that two major highways are close at hand: the Gardiner Expressway for east-west travel, and the Don Valley Parkway for trips north and south. And as for those who prefer to travel on two wheels, Richmond and Adelaide are equipped with bike lanes, while the Martin Goodman Trail can be accessed in mere minutes for a car-free route that hugs the shores of Lake Ontario.
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
Maintenance Fees
Building Trends At Space Lofts
Days on Strata
List vs Selling Price
Offer Competition
Turnover of Units
Property Value
Price Ranking
Sold Units
Rented Units
Best Value Rank
Appreciation Rank
Rental Yield
High Demand
Transaction Insights at 255 Richmond Street E
Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
---|---|---|---|---|---|
Price Range | $340,000 | $535,000 - $579,135 | No Data | $680,000 | No Data |
Avg. Cost Per Sqft | $983 | $955 | No Data | $911 | No Data |
Price Range | $1,950 - $2,050 | $2,400 - $2,975 | $2,700 | $3,000 - $3,400 | $3,600 |
Avg. Wait for Unit Availability | 313 Days | 37 Days | 151 Days | 362 Days | 330 Days |
Avg. Wait for Unit Availability | 208 Days | 31 Days | 204 Days | 1071 Days | 1722 Days |
Ratio of Units in Building | 9% | 70% | 11% | 8% | 4% |
Unit Sales vs Inventory
Total number of units listed and sold in St. Lawrence