519-388 Richmond St
Waterfront Communities C1, Toronto, Ontario M5V 3P1
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $500at the range’s middle
- Tax a year
- $4,1622025 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 519-388 Richmond St
519-388 Richmond St is a 2-bedroom, 2-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $549,900 (MLS® C14082804).
Come one, come all! This is a renovation project you cannot afford to pass up! Where turnover is rare and demand is constant, this is a compelling opportunity to own in the highly sought-after District Lofts. Put your touch on this unique, triple-exposure, two-storey residence, seldom found in the Toronto Fashion District. Spanning just over 1,000 square feet, this loft benefits from south, west and north exposures, bringing in a dynamic quality of light that evolves throughout the day. The two-level design creates a natural rhythm between, understanding how people actually live. The main level is open, social and designed for movement while the upper level creates a more distinct sense of privacy above. Positioned in the most valuable pocket of Downtown Toronto, you are steps to King West, Queen West, acclaimed dining, sports and entertainment. A life re-imagined awaits!
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall38/100−$863/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 279 condos with 2 bedrooms for lease in Waterfront Communities C1 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,162 / 2025
- MLS® number
- C14082804
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 2-Storey
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Main, 1 × 4pc 2nd
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- Yes
- Den
- No
- Family room
- No
- Extras
- Refrigerator, mini fridge, two (2) freezer drawers, oven, cooktop, hood fan, dishwasher, washing machine and dryer, two (2) flatscreen televisions and wall mounts, electric fireplace in living room, all existing electric light fixtures and window coverings.
- Condo maint.
- $1,007
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 519-388 Richmond St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $549,900 | N/A | Sc | C14082804 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $109,980
- Total mortgage amount
- $439,920
- Total interest payment
- $312,780
- Total purchase cost
- $862,680
- Mortgage payment
- $2,509/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
48%Monthly carrying cost
$3,863- Rent $3,000
- Shortfall $863
Rental income opens at $3,000, the median asking rent of 279 comparable homes for lease in Waterfront Communities C1. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $7,473
- Toronto municipal land transfer tax
- $7,473
- Total land transfer tax
- $14,946
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $6,471
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $549,900
- $2,998
- Ontario total
- $7,473
Toronto’s municipal tax uses the same brackets at this price, so it adds another $7,473.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m159 test or monitoring holes also recorded.250 m
- Groundwater recorded about 11.1 m below ground nearbyThe middle water level in the well records within 500 m (604 records). It changes with the season and from spot to spot.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 142 building permits issued within 250 m in the last 2 years250 m
- 26 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 1.5 km1.5 km
- Mapped parcel: about 7,620 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 670 m670 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Enwave Energy Corporation — Pearl Street Steam Plant, 750 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- On the Heritage Register — Part V, by-law 1120-2024
- In the King-Spadina Heritage Conservation District, by-law 1111-2017
- Not in the mapped ravine protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
CRE (x74)By-law
569-2013Municipality
Toronto1 x74
Site-specific exception 74: this site has rules of its own, written in the by-law.
2 Where this is written
Chapter 50, section 50.10 of By-law 569-2013 · Exception 900.12.10(74)
3 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
14 building permits cleared at this address in the City’s file.
Interior AlterationsCancelled
Interior alterations for new take-out restaurant
Completed June 21, 2022
Building Permit Related(MS)Inspection
HVAC - Proposal for bathroom renovation comprising the restructuring of plumbing to accomodate freestanding tub and built in shower. (Unit 1104)
Issued September 13, 2021
Building Permit Related(PS)Inspection
Plumbing - Proposal for bathroom renovation comprising the restructuring of plumbing to accomodate freestanding tub and built in shower. (Unit 1104)
Issued September 13, 2021
Interior AlterationsInspection
Proposal for bathroom renovation comprising the restructuring of plumbing to accomodate freestanding tub and built in shower. (Unit 1104)
Issued August 31, 2021
Garage Repair/ReconstructionPermit Issued
Parking garage repair
Issued December 24, 2020
Building Permit Related(MS)Closed
REV #1-ADD FAN SCHEDULE, TRANSFER AIR FAN, DELETE FRESH AIR DUCTHVAC - Proposed interior alterations to dental office in Unit 3
Issued June 1, 2020
Building Permit Related(PS)Closed
Plumbing - Proposed interior alterations to dental office in Unit 3
Issued February 28, 2020
Interior AlterationsClosed
Proposed interior alterations to dental office in Unit 3
Issued January 20, 2020
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
147 SPADINA AVEOfficial plan or zoning amendmentOMB Appeal
Revised Zoning Amendment application to redevelop the site with a 24-storey mixed-use building with a height of 76.8 meters (82.8 metres including the mechanical penthouse). A non-residential gross floor area of 351 square metres is proposed along with 226 residential units.
50 m away147 SPADINA AVESite planUnder Review
Site plan approval application to redevelop the site with a 25-storey mixed-use building with a height of 79.8 metres (85.8 including the mechanical penthouse). A non-residential gross floor area of 433.6 square metres is proposed along with 223 residential units. This application is being reviewed in conjunction with an application to Amend the Zoning By-law, file No. 21-208078 STE 10 OZ
50 m away443 QUEEN ST WSite planUnder Review
Queen-Spadina Ontario Line
140 m away324 QUEEN ST WSite planUnder Review
INACTIVE Site Plan Approval Application for a proposed 3-storey non-residential building having a gross floor area of approximately 1152.40 square metres.
140 m away322 1/2 QUEEN ST WSite planUnder Review
INACTIVE Site Plan Approval Application for a proposed 3-storey non-residential building having a gross floor area of approximately 1152.40 square metres.
140 m away8 CAMDEN STSite planUnder Review
Site Plan Application to permit a 19-storey mixed use building with retail space on the ground floor and 200 residential units above.
150 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Waterfront Communities C1 right now
- For sale now
- 632
- Median asking price
- $629K
- New in 7 days
- 66
- Price cuts
- 21%
Middle half: $539K to $838K
249 in 28 days
133 listings
This home is asking 13% below the median.
See all homes in Waterfront Communities C1Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Osgoode Station | TTC subway: Line 1 Yonge-University | 750 m |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 800 m |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 900 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.3 km |
| Queen Station | TTC subway: Line 1 Yonge-University | 1.3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Ogden Junior Public SchoolToronto DSB | Public · grades JK–6 | 200 m | 72%Grade 6 average |
| Ryerson Community School Junior SeniorToronto DSB | Public · grades JK–8 · French Immersion | 700 m | 52%Grade 6 average |
| St Mary Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 850 m | 75%Grade 6 average |
| École élémentaire Pierre-Elliott-TrudeauConseil scolaire Viamonde | French-language public · grades JK–6 | 1.6 km | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 750 m | 8%Grade 9 math |
| Subway Academy IIToronto DSB | Public · grades 9–12 | 850 m | — |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1.6 km | 96%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 2.1 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Waterfront Communities C1 are shown to signed-in members.