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    116 - 500 Richmond St W

    $979,9002 bds1 ba1 pk1,200 sqft
    1 Day on Strata
    Est Sell Timeframe:
    17 Days
    $979,900
    2 Beds
    1 Bath
    1 Parking
    1,200 SQFT

    Listing History


    Details

    Ownership Type:

    Condominium

    Property Type:

    Soft Loft

    Maintenance Fees:

    $908/mth

    Taxes:

    $4,556 (2024)

    Cost Per Sqft:

    $817/sqft

    Outdoor Space:

    Terrace

    Locker:

    Owned

    Exposure:

    South

    Possession Date:

    July 15, 2025

    Laundry:

    Upper

    Amenities

    Visitor Parking
    Rooftop Deck
    Indoor Parking
    Guest Suites
    Security System
    Bike Storage
    BBQs Allowed

    About this Listing

    Fully renovated 2-storey townhome located in the heart of Toronto's vibrant downtown core, featuring a private, separate entrance and a spacious 233 sq. ft. sun-filled terrace perfect for entertaining, barbecuing, or simply unwinding. With the feel of a freehold home but without the maintenance, this 1200 sq. ft. residence offers a thoughtfully designed, open-concept layout that blends comfort, style, and functionality. The upper level includes two generously sized bedrooms, a 6-piece bathroom, ample storage, and a conveniently located washer and dryer. Throughout the home, enjoy hardwood flooring, soaring 9-foot ceilings, and California shutters in the bedrooms. The kitchen is equipped with stainless steel appliances, a glass tile backsplash, and a walk-in pantry. Ideally situated between the dynamic Queen West and King West neighbourhoods, with the Waterworks Food Hall, The Well, and St. Andrews Park all close by. Step outside and enjoy the best of downtown living, with cafes, restaurants, boutiques, and green spaces just moments from your door.

    Extras2022 Samsung washer and dryer; LG stove 2023, Samsung microwave, GE dishwasher, GE fridge, Smart Door lock, Nest thermostat, B/I shelves in pantry. New plumbing 2024 (Kitec removed in 2019), new electrical 2019, terrace fence redone in 2022; Fiber Internet installed.

    forest hill real estate inc.MLS® #C12083497

    Fees & Utilities

    Maintenance Fees

    Included in Fees
    Water
    Parking
    Building Maintenance
    Building Insurance
    Not Included
    Hydro
    Heat
    Air Conditioning

    Utility Type

    Air Conditioning

    Central Air

    Heat Source

    No Data

    Heating

    Forced Air

    Room Dimensions

    Living

    Combined with Dining, Walkout To Terrace, hardwood floor

    21.75 x 14.08ft

    Dining

    Combined with Living, Pot Lights, hardwood floor

    21.75 x 14.08ft

    Kitchen

    Stainless Steel Appliances, Pantry, Tile Floor

    10.83 x 8.43ft

    Primary

    Walk-in Closet, Semi Ensuite, hardwood floor

    17.75 x 11.58ft

    2nd Bedroom

    California Shutters, Closet, hardwood floor

    12.34 x 10.93ft

    Foyer

    Tile Floor, Closet

    6.66 x 3.84ft

    Buyer's Market
    Balanced
    Seller's Market

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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.

    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%


    Days on Strata

    Units at Cityscape Terrace spend an average of
    12
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    1%
    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
    5
    YEARS before being sold again

    Property Value

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    33rd
    Highest price per SQFT out of 52 condos in the Queen West area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    2
    Units were Rented over the past twelve months

    Best Value Rank

    Cityscape Terrace offers the
    ?
    best value out of 52 condos in the Queen West neighbourhood

    Appreciation Rank

    Cityscape Terrace has the
    ?
    highest ROI out of 52 condos in the Queen West neighbourhood

    Rental Yield

    Cityscape Terrace yields the
    ?
    highest rent prices out of 52 condos in the Queen West neighbourhood

    High Demand

    Cityscape Terrace is the
    ?
    most popular building out of 52 condos in the Queen West neighbourhood

    Market Insights

    Transaction Insights at Cityscape Terrace

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$620,000No Data$796,000 - $1,060,000No DataNo Data
    Avg. Cost Per Sqft$806No Data$833No DataNo Data
    Avg. Wait for Unit Availability332 DaysNo Data63 Days353 DaysNo Data
    Ratio of Units in Building17%3%69%12%1%

    Market Inventory

    Total number of units listed and sold in Queen West