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    502 - 533 Richmond St W

    For SaleFive Nine On Richmond
    $514,999
    1 Bed
    1 Bath
    0 Parking
    454 SQFT
    8 Days on Strata
    Est Sell Timeframe
    31 Days

    Listing History

    Unit Highlights

    Property Type:
    Soft Loft
    Maintenance Fees:
    $522/mth
    Taxes:
    $2,282 (2024)
    Cost Per Sqft:
    $1,134/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    North West
    Possession Date:
    November 27, 2024
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Other
    Heating
    Fan Coil

    Room Dimensions

    Living
    Open Concept, Combined with Dining, Sliding Doors
    15.98 x 14.7ft
    Dining
    Open Concept, Combined with Dining, Sliding Doors
    15.98 x 14.7ft
    Kitchen
    Open Concept, Stainless Steel Appliances, Windows Floor to Ceiling
    15.98 x 14.7ft

    About this Listing

    This stylish Industrial Inspired Soft Loft is located in the heart of Toronto's vibrant Queen Street West Offering the perfect blend of modern comfort, urban charm, and a thoughtfully designed layout that maximizes every inch of floor space. Situated in a quiet, boutique building, the suite boasts 9 ft ceilings with exposed concrete and ductwork, giving it a trendy loft feel. Floor-to-ceiling windows stretch across the width of the unit, flooding the space with natural light. The 4-piece bathroom was renovated in 2022, and the kitchen was updated in 2021 with stainless steel appliances, including a gas range for precise cooking. In-suite laundry, with a new washer and dryer installed in 2021, adds to the convenience. Located between the lively Trinity-Bellwoods and Kensington-Chinatown neighborhoods, this condo is perfectly situated just steps from Loblaws, Winners, Shoppers Drug Mart, the LCBO, several TTC stops, and so much more. Enjoy a morning coffee from the award-winning Fahrenheit coffee shop located on the ground floor. Richmond Street West, a quieter one-way street, offers a peaceful retreat just steps away from the bustling Queen Street West and the exciting nightlife of King Street West. The newly developed Waterworks building next door features a gourmet food hall, YMCA, and dog park. With easy access to Toronto's expanding bike lane network and a perfect walk score, this is truly a walkers paradise. Experience the best of downtown living in this one-of-a-kind loft.

    ExtrasFridge, Gas Stove (2022)Microwave (2021)Washer/Dryer (2021) Kitchen Island, Window coverings, Electric Light Fixtures,Ceiling Fan, Bathroom & Closet Shelving

    re/max hallmark realty ltd.MLS® #C9505462


    Amenities

    Bike Storage
    BBQs Allowed
    Security System

    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
    The bike lane starts to feel like a second home.

    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%

    Maintenance Fees

    Five Nine On Richmond vs The Queen West Area

    Days on Strata

    Units at Five Nine On Richmond spend an average of
    2
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    1%
    below
    the list price.

    Offer Competition

    Lofts in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Queen West

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    -9%
    Decrease 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

    1
    Units were Sold over the past twelve months

    Rented Units

    6
    Units were Rented over the past twelve months

    Best Value Rank

    Five Nine On Richmond offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    Five Nine On Richmond has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    Five Nine On Richmond yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    Five Nine On Richmond is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 533 Richmond Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo DataNo Data$809,000No DataNo Data
    Avg. Cost Per SqftNo DataNo Data$1,023No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data192 Days731 Days261 Days217 Days
    Ratio of Units in Building7%40%13%32%11%

    Transactions vs Inventory

    Total number of units listed and sold in Queen West