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    Toronto / Downtown / Queen West

    116 - 500 Richmond St W

    For SaleCityscape Terrace
    $978,800
    Price Increase: $949,900
    2 Beds
    1 Bath
    1 Parking
    1,200 SQFT
    33 Days on Strata
    Est Sell Timeframe
    22 Days

    Listing History

    Unit Highlights

    Property Type:
    Soft Loft
    Maintenance Fees:
    $839/mth
    Taxes:
    $4,556 (2024)
    Cost Per Sqft:
    $816/sqft
    Locker:
    Owned
    Outdoor Space:
    Terrace
    Exposure:
    South
    Possession Date:
    December 9, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Hardwood Floor, Walkout To Terrace
    22.87 x 13.98ft
    Dining
    Combined with Living, Hardwood Floor
    22.87 x 13.98ft
    Kitchen
    Stainless Steel Appliances, Tile Floor, Pantry
    9.91 x 8.4ft

    About this Listing

    Fully renovated 2-storey townhome nestled in the heart of the vibrant downtown core, featuring a private, separate entrance and a spacious 233 sqft south-facing terrace, perfect for entertaining or barbecuing. With the feel of a house, boasting over 1,200 sqft of thoughtfully designed, open-concept living space, this home seamlessly blends luxury and functionality. The upper level includes two generously sized bedrooms, a 6-piece bathroom, ample storage, and a conveniently located washer and dryer. Enjoy hardwood flooring and 9 ceilings throughout, with 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 vibrant Queen West and King West neighborhoods, with the popular Waterworks Food Hall, The Well, and St. Andrews Park all within close proximity. Enjoy the convenience of having the TTC just steps away, along with a wide array of cafes, restaurants, shops, and more!

    ExtrasNew plumbing 2024 (Kitec removed in 2019), new electrical 2019, terrace fence redone in 2022; Fiber Internet installed.

    forest hill real estate inc.MLS® #C9506220

    Amenities

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

    Explore Neighbourhood

    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 Listings

    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%

    Price Trends

    Maintenance Fees

    Cityscape Terrace vs The Queen West Area

    Building Trends At Cityscape Terrace

    Days on Strata

    Units at Cityscape Terrace spend an average of
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    13%
    above
    the list price.

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    4.9
    YEARS before being sold again

    Property Value

    19%
    Increase in property value within the past twelve months

    Price Ranking

    25th
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    3
    Units were Rented over the past twelve months

    Best Value Rank

    Cityscape Terrace offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    Cityscape Terrace has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    Cityscape Terrace yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    Cityscape Terrace is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 500 Richmond Street W

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo Data$1,060,000 - $1,070,000$970,000 - $1,080,000No Data
    Avg. Cost Per SqftNo DataNo Data$936$854No Data
    Avg. Wait for Unit Availability280 DaysNo Data62 Days353 DaysNo Data
    Ratio of Units in Building16%4%69%12%1%

    Transactions vs Inventory

    Total number of units listed and sold in Queen West