500 Richmond Street W
Building Details
Listing History for Cityscape Terrace
Amenities
Maintenance Fees
About 500 Richmond Street W — Cityscape Terrace
Nestled in the Queen West neighbourhood at 500 Richmond St W, this 6-storey building is home to 109 Toronto lofts. Cityscape Terrace is uniquely designed, with an exterior that's a cross between a traditional red-brick building and a ski-chalet.
You won't find a long list of amenities in this building — which is ideal for anyone concerned about high maintenance fees — there is a parking garage, available guest suites and visitor parking, and pets are permitted.
Queen West is quickly becoming one of the more desirable neighbourhoods in the city due to its convenient location — Queen West condos for sale are a great choice for singles or couples who want to be near Toronto’s best attractions, but also want some peace and quiet as well.
The Suites
If you have been in the market for a loft or a townhome in downtown Toronto — Cityscape Terrace should be on your list of potential properties. Suites in this building have generous square footage and great value.
500 Richmond St W offers a variety of layouts for lofts and townhomes — some have courtyards or rooftop gardens, while others have terraces. Units come in 1 bedroom, 1 bedroom + den, and 2 bedroom designs, and 2 bedroom + den.
Suite sizes range from over 700 square feet to 1632, features include: gas fireplaces, hardwood floors, updated kitchens, open-concept living and dining space, and some units are 2-storeys.
The Neighbourhood
Queen West is a lively neighbourhood known for boutique shopping, trendy cafes, great restaurants, and easy access to nightlife in King West and the Entertainment District. When you add in convenient streetcar service on Queen and King, this neighbourhood provides residents with a true urban experience.
Queen Street is host to a wide array of boutiques for fashion-forward shoppers or those looking for a vintage find; there are unique jewellery stores such as Arton Beads, Bling Bling On Queen and the Beadery, shops for the DIY obsessed like Affordable Textiles and Downtown Fabric, plus a vast selection of shops for men’s and women’s fashion.
Caffeine enthusiasts will likely find it difficult to settle on a favorite café but trying them all is certain to a rewarding experience; there Fahrenheit Coffee just down the street on Richmond, Quantum Coffee on King for espresso, Jimmy’s Coffee on Portland for baked goods and espresso-based drinks, Aroma Espresso Bar and Early Bird Coffee & Kitchen on Queen. And because no neighbourhood can exist without them — there's a Tim Hortons and a Starbucks on Queen as well.
Food buffs and fast-food fans will find something to please their taste buds in this neighbourhood; for Italian cuisine Gusto 101 and Buca are on Portland, Lee is an incredible choice for Asian and French inspired small plates, WVRST is known for sausages and an extensive list of brews, and Pizza Libretto for hand-crafted pies. For late night snack runs and fast food — McDonald’s is on King and KFC is on Queen.
For entertainment and nightlife, there are lively venues like SPIN Toronto in King West, Bier Markt King West, and Bar Hop. Plus, it is only a short ride to the Entertainment District where you can find live music, pubs, and clubs. Sports fans can leave the car at home and take the streetcar to the Rogers Centre for Blue Jays games. There are also attractions like the CN Tower, Ripley’s Aquarium of Canada, and the Steam Whistle Brewing.
Queen West has plenty of great green spaces in the area — you can walk to the popular Trinity Bellwoods Park, Alexandra Park, or Stanley Park. For groceries and the essentials, there is a Loblaws and a Winstons Grocery on Queen.
Transportation
500 Richmond Street W has an enviable Walk Score of 99; with a spacious home at Cityscape Terrace you can easily accomplish your errands without public transit or a vehicle. Those who do rely on TTC, have streetcars on King, Queen, and Spadina — making it easy to connect to subway lines for fast travel around the city. Plus, there are several bus stop nearby for shorter trips.
Drivers have a parking spot at 500 Richmond St W and a quick commute to the Gardiner Expressway, via Spadina Avenue.
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Price Increase: $28,900 (Nov 17)
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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.
Price Trends
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Building Trends At Cityscape Terrace
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Transaction Insights at 500 Richmond Street W
1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
---|---|---|---|---|---|
Price Range | No Data | No Data | $1,060,000 - $1,070,000 | $970,000 - $1,080,000 | No Data |
Avg. Cost Per Sqft | No Data | No Data | $936 | $854 | No Data |
Price Range | No Data | No Data | $3,900 - $4,200 | No Data | No Data |
Avg. Wait for Unit Availability | 280 Days | No Data | 62 Days | 353 Days | No Data |
Avg. Wait for Unit Availability | 189 Days | No Data | 66 Days | 238 Days | No Data |
Ratio of Units in Building | 16% | 4% | 69% | 12% | 1% |
Unit Sales vs Inventory
Total number of units listed and sold in Queen West