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    670 Richmond Street W

    Industrial Revolution II
    0for Sale
    0for Rent

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    3
    Number of Units:
    32
    Condo Completion:
    1997
    Condo Demand:
    No Data
    Unit Size Range:
    700 - 2,150 SQFT
    Unit Availability:
    Low

    Listing History for Industrial Revolution II

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    Amenities

    BBQs Allowed
    Bike Storage
    Security System

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 670 Richmond Street WIndustrial Revolution II

    As if Trinity Bellwoods and Queen West weren’t fashionable enough already, the Industrial Revolution II and its sister building, Industrial Revolution I Lofts, provide the area with a residential hipster paradise. Built in 1950, the crimson brick structure scattered with classic, warehouse style windows was originally used as a depot for UK-based Decca Records.

    Like many industrial style structures still standing in the area, the building was once home to a clothing manufacturer. The chronicle of the aptly named Industrial Revolution II building, however, has been atypical of the rest. Although most of the fashion production industry made its moves away from the downtown core following World War II, the edifice at 670 Richmond Street West was in fact repurposed as a garment factory following Decca’s departure.

    When Bob Mitchell finally got his hands on 670 Richmond West in 1997, the building was converted into 12 authentic Toronto lofts, while its heritage was carefully preserved. Windows were broadened, with the brick utilized elsewhere in the lofts. For example, a barrier along the roof’s edge made use of the authentic material in order to create privacy for residents to enjoy their rooftop terraces.

    The Suites

    Toronto condos for sale within Industrial Revolution II span two or three storeys each, and range from around 1,000 to 2,000 square feet. These impressively sized homes provide ample space for residents to fashion home offices or studio spaces. Adding to this sense of space are the high ceilings, which vary from 12 to 20 feet tall. Exposed brick and ductwork also make for that coveted antique, industrial feel.

    Outdoor spaces are plentiful at Industrial Revolution II, with ground floor units boasting sundecks and those on upper levels enjoying rooftop gardens. Alternatively, residents of 670 Richmond West can stay indoors and light a fire in their fireplace when the weather worsens.

    The lofts also make great use of levels, with mezzanine bedrooms or dens in some, and raised living or dining rooms in others. This way, residents are provided with a level of privacy that is impossible in single level, open concept lofts.

    The Neighbourhood

    Only one block from Queen Street West, and within the equally historic and flourishing Fashion District, Industrial Revolution II is suitably placed for all types of residents. To start, businesses on Queen West cater to all sorts of needs. Commercial spaces include a lavish Loblaws, a mixture of dive bars and upscale eateries, some live music venues, an organic butcher, and more.

    For those looking to get more in tune with nature, a number of impressive parks surround 670 Richmond West. Stanley Park and Trinity Bellwoods are just around the corner, both boasting swimming pools and plenty of green space.

    Art fanatics will love the abundance of contemporary art in the area as well. In the Niagara area, it is possible to find oneself alone in a gallery — something unthinkable at larger institutions like the AGO.

    Transportation

    Although residents living at Industrial Revolution II won’t need a car, those who enjoy driving will love their proximity to the Gardiner Expressway. Those relying on public transportation, on the other hand, can hop on a streetcar along Queen West or Bathurst Street, both of which are moments from 670 Richmond West and run 24 hours a day.

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    Explore Queen West

    9/10
    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.
    6/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

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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%

    Maintenance Fees

    Industrial Revolution II vs The Queen West Area

    Days on Strata

    Units at Industrial Revolution II spend an average of
    N/A
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    4.8
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    0
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    Industrial Revolution II offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    Industrial Revolution II has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    Industrial Revolution II yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    Industrial Revolution II is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 670 Richmond Street W

    Not Available

    Unit Sales vs Inventory

    Total number of units listed and sold in Queen West