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    Toronto / Downtown / Queen West

    324 - 500 Richmond St W

    For SaleCityscape Terrace
    $590,000
    1 Bed
    1 Bath
    1 Parking
    700 SQFT
    58 Days on Strata
    Est Sell Timeframe
    22 Days

    Listing History

    Unit Highlights

    Property Type:
    Soft Loft
    Maintenance Fees:
    $737/mth
    Taxes:
    $2,599 (2023)
    Cost Per Sqft:
    $843/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    North
    Possession Date:
    November 15, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Combined with Kitchen, Walkout To Balcony
    14.99 x 21ft
    Bedroom
    North View
    10.01 x 12.01ft

    About this Listing

    Come enjoy the best that Queen St West has to offer in this beautiful, well-laid out 700+ Sq. Ft 1-Bed unit. The spacious open concept living/dining/kitchen area is perfect for entertaining while also offering a quiet retreat in the middle of the city. Bedroom offers ample space with a double-closet & window facing the unit's private balcony.This unit is move-in ready with freshly painted walls, 3-year old kitchen appliances, upgraded light fixtures & quartz countertops. Art lovers will get to enjoy an ever changing canvas of amazing work from Graffiti Alley which can be viewed directly from the north-facing balcony. Residents will have a plethora of choices for groceries, parks/outdoor space, shopping & TTC transit access + much more.

    ExtrasAll shelving & mirrors in bathroom will remain with unit.

    engel & volkers toronto cityMLS® #C9753499

    Amenities

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

    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
    9%
    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
    5
    YEARS before being sold again

    Property Value

    16%
    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

    5
    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 Range$620,000No Data$1,060,000 - $1,070,000$970,000 - $1,080,000No Data
    Avg. Cost Per Sqft$806No Data$936$854No Data
    Avg. Wait for Unit Availability328 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