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    Space Lofts

    255 Richmond Street E

    4for Sale
    5for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Soft Loft
    Number of Storeys:
    15
    Number of Units:
    224
    Condo Completion:
    2003
    Condo Demand:
    High
    Unit Size Range:
    349 - 1,024 SQFT
    Unit Availability:
    Low

    Listing History for Space Lofts

    Amenities

    Rec Room
    Sauna
    Party Room
    Guest Suites
    Bike Storage
    Security System

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 255 Richmond Street ESpace Lofts

    The Space Lofts really represent two sides of the same coin: they’re modern and functional, yet built in the signature Toronto loft style. Unlike the historical appeal of hard loft conversions, this soft loft charms prospective buyers through its multifaceted, fresh, and comfortable nature.

    Triloft Developments completed these soft lofts at 255 Richmond St East in 2004, at which time 228 eager residents were itching to move in. Warm red brick is perfectly balanced with sleek glass, both of which wrap themselves around the lower façade of the Space Lofts. As one’s eyes drift just a little higher, glass begins to take over for a camouflaging effect with the sky.

    Thanks to its recent construction date, this loft building at 255 Richmond St East contains all the fancy amenities expected from a contemporary condominium. Residents can make use of the gym on a daily basis, while others like the guest suites, party room, and shared barbecues are likely to be saved for special occasions. The building even has its own online forum, where residents can discuss plans for events, resolve issues, or simply get to know one another a little bit better.

    The Suites

    With over 200 units in total, the homes at the Space Lofts have a chance to differ from one another. The varieties of units at 255 Richmond St East include mezzanine style spaces amongst the first 8 storeys, as well as more typical soft loft units above. Multi-level homes feature bedrooms positioned strategically over the living spaces, offering both privacy and a lookout spot for residents at the same time.

    The unit sizes at the Space Lofts also vary. Cozier lofts begin at approximately 360 square feet, the ideal size for a single young professional or a couple. While these may not be large enough to appeal to those with children, larger units thankfully reach to almost 1,000 square feet large. Two-bedroom homes here make for great starter homes for small families, while second bedrooms can easily be transformed into home offices for those without offspring of their own.

    In terms of style, the lofts are far from the typical Toronto condos for sale. Instead, they embrace the loft aesthetic, pairing expansive panes of glass and bright, warm sunlight, with the raw look of exposed concrete. And if double height, floor-to-ceiling windows aren’t enough to have you saying “sold,” the balconies overlooking the city are sure to do the trick.

    The Neighbourhood

    The view from the lofts reveals Toronto’s quirky character: industrial conversions sit happily beside modern-day constructions. Located in the St. Lawrence Market area, residents are constantly reminded of Toronto’s fascinating history and it’s exciting future,

    Thanks to its location near to George Brown College, the Space Lofts is situated nearby inexpensive restaurants, bars, and shops. Residents might choose to explore Queen Street East one evening, while heading out along Richmond, Adelaide, or King the next. Regardless, the area is filled with various cuisines from around the world, ready to satiate just about any craving that might hit.

    When the time comes to stock up on groceries, those living at 255 Richmond St East have many options. In less than 10 minutes, residents can walk over to the Metro on Front Street East. Alternatively, another ideal spot just across the street from Metro is St. Lawrence Market, where shoppers can find anything from fresh seafood to global spices.

    St. Lawrence Market is also a great spot for a lunch break, while the surrounding area offers an array of establishments ideal for an after work drink. For something a little more chic, however, residents can head toward the Distillery District. Once inside this converted whiskey-making complex, independent art galleries and boutiques can be perused, followed by a meal at some of Toronto’s trendiest restaurants.

    Transportation

    With an address like 255 Richmond St East, traveling around Toronto is never a problem. Queen Station, on the Yonge subway line, can be reached in only 10 minutes on foot. Alternatively, a few minutes can be shaved off of this journey when riding the streetcar along Queen — plus this will save residents from unruly whether, when necessary.

    For drivers, on the other hand, those interested in the Space Lofts will be glad to hear that two major highways are close at hand: the Gardiner Expressway for east-west travel, and the Don Valley Parkway for trips north and south. And as for those who prefer to travel on two wheels, Richmond and Adelaide are equipped with bike lanes, while the Martin Goodman Trail can be accessed in mere minutes for a car-free route that hugs the shores of Lake Ontario.

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    Listings For Sale

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    Listings For Rent

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    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!

    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
    Household Income
    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%

    Unit Sales vs Inventory

    Total number of units listed and sold in St. Lawrence


    Days on Strata

    Units at Space Lofts spend an average of
    9
    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 St. Lawrence

    Turnover of Units

    On average, each unit is owned for
    4.4
    YEARS before being sold again

    Property Value

    -14%
    Decrease in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    1
    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 RangeNo Data$535,000No DataNo DataNo Data
    Avg. Cost Per SqftNo Data$945No DataNo DataNo Data
    Avg. Wait for Unit Availability294 Days34 Days151 Days255 Days330 Days
    Ratio of Units in Building9%70%11%8%4%

    Maintenance Fees

    Space Lofts vs The St. Lawrence Area

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