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    1517 - 255 Richmond St E

    For SaleSpace Lofts
    $499,000
    Price Cut: $499,001
    Studio
    1 Bath
    1 Parking
    420 SQFT
    92 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Soft Loft
    Maintenance Fees:
    $387/mth
    Taxes:
    $1,938 (2024)
    Cost Per Sqft:
    $1,188/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South
    Possession Date:
    September 6, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Foyer
    Laminate, Closet
    4.1 x 5.12ft
    Kitchen
    Tile Floor, Built-in Dishwasher, Built-in Microwave
    8.89 x 8.63ft
    Living
    Combined with Br, Laminate, Irregular Room
    18.44 x 11.29ft

    About this Listing

    Do you love the St. Lawrence Market area? Dream of shopping there daily? Or stepping out each morning to grab your favorite latte at The Black Canary Espresso Bar? Or walking straight to class or work at George Brown College's St. James Campus? You can do all that & more in this exquisite Triloft Development condo! Floor-to-Ceiling Windows: Enjoy abundant natural light and spectacular views with your own private balcony looking south to the lake. Incredible Layout: The unique floor plan allows for versatile living spaces, far from the typical box format - really open, bright, and easy to define separate spaces. Spacious Kitchen: A kitchen designed for convenience with ample storage, a peninsula perfect for bar stools, and full-size appliances, ideal for trying out your favourite TikTok recipes while entertaining friends. Ample Storage: Two interior closets provide plenty of room for storage. Full-Size Bathroom: A generously sized bathroom makes getting ready a breeze. Bonus Parking Spot: This suite includes one valuable parking spot, a rare find in downtown Toronto. You'll be amazed at how spacious this condo feels. It's layout makes it feel larger than many one-bedroom apartments and designed for comfort and style. Steps to TTC, you're in the heart of Toronto, ready to live and love all the city has to offer. From the vibrant St. Lawrence Market to nearby cafes and educational institutions like George Brown, everything you need is within walking distance. Hydro & water included in condo fees! Full-time concierge. Outside Green P street parking as well as visitor parking.

    Extras24 hr concierge, gym, guest suites, visitor parking, bike storage, Fibrestream internet option, party room. Included in fees: heat, A/C, hydro, water. Don't throw your money away on rent, buy this!

    sutton group old mill realty inc.MLS® #C8457728


    Amenities

    Sauna
    Guest Suites
    Security System
    Rec Room
    Gym Room
    Bike Storage

    Explore Neighbourhood

    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.
    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
    52,892
    Average Individual Income
    $63,089
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $104,944
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    21%
    65+
    21%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    36%
    High Rise Apartment
    32%
    Semi Detached
    17%
    Low Rise Apartment
    7%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    12%
    Cantonese
    11%
    Tamil
    3%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Education
    University and Above
    35%
    High School
    25%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Maintenance Fees

    Space Lofts vs The St. Lawrence Area

    Days on Strata

    Units at Space Lofts spend an average of
    34
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    3%
    below
    the list price.

    Offer Competition

    Lofts in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in St. Lawrence

    Turnover of Units

    On average, each unit is owned for
    4.3
    YEARS before being sold again

    Property Value

    -12%
    Decrease in property value within the past twelve months

    Price Ranking

    27th
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    19
    Units were Rented over the past twelve months

    Best Value Rank

    Space Lofts offers the
    ?
    best value out of 64 condos in the St. Lawrence neighbourhood

    Appreciation Rank

    Space Lofts has the
    ?
    highest ROI out of 64 condos in the St. Lawrence neighbourhood

    Rental Yield

    Space Lofts yields the
    ?
    highest rent prices out of 64 condos in the St. Lawrence neighbourhood

    High Demand

    Space Lofts is the
    ?
    most popular building out of 64 condos in the St. Lawrence neighbourhood

    Transaction Insights at 255 Richmond Street E

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$340,000$535,000 - $579,135No DataNo DataNo Data
    Avg. Cost Per Sqft$983$955No DataNo DataNo Data
    Avg. Wait for Unit Availability313 Days36 Days151 Days255 Days330 Days
    Ratio of Units in Building9%70%11%8%4%

    Transactions vs Inventory

    Total number of units listed and sold in St. Lawrence