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    477 Richmond Street W

    Soho Lofts Starwood Centre
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    0for Sale
    1for Rent

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    8
    Number of Units:
    94
    Condo Completion:
    1997
    Condo Demand:
    Low
    Unit Size Range:
    500 - 3,000 SQFT
    Unit Availability:
    Low

    Listing History for Soho Lofts Starwood Centre

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    Amenities

    Concierge
    Security System
    Visitor Parking

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 477 Richmond Street WSoho Lofts Starwood Centre

    The homes at 477 Richmond Street West in the Queen West neighbourhood technically fall into the category of hard loft , although the building is not as old as your average authentic conversion. Rather, the Starwood Centre was first built in 1993, and originally used solely as office spaces.

    Today, a polished glass exterior envelops the multipurpose edifice known as the Starwood Centre, where former offices are now home to a diverse mix of commercial and residential owners. For example, the Richmond resides on the ground floor of 477 Richmond West, and functions as an event venue and gallery space. Residents also share the building with the Consulate General of Afghanistan.

    And yet another commercial tenant is Elmer Olsen Model Management. This means that while the Soho Lofts feature few common amenities, jaw-dropping neighbours function as motivation to use the building’s exercise facilities on the regular.

    The Toronto lofts at 477 Richmond Street are welcoming to all walks of life, and their pets. Even the busiest of residents are attracted to these homes for the homes themselves as well as the shops and services located just downstairs.

    The Suites

    Each unit at the Soho Lofts is endowed with high ceilings and window-clad walls, creating a sense of space that is often absent in modern condos. With 94 units spread across 10 storeys, the lofts range quite dramatically in size: smaller units begin at 500 square feet, with larger ones spanning just above 2,000.

    Ceiling heights at 477 Richmond West can reach up to 15 feet, and certain resourceful owners have even inserted mezzanine additions, making the most of the towering heights by creating an extra level for themselves to enjoy.

    Most units, due to their previous function as a workplace, feature open concept floor plans. This way, natural sunlight flows freely into every nook and cranny. As well, typical loft features are plentiful; polished concrete floors, ceilings, and pillars, plus exposed ductwork, add raw details to otherwise modern spaces.

    The Neighbourhood

    While these Queen West condos for sale can easily function as live/work spaces, residents are highly encouraged to get out of the house every now and then. Located at the corner of Richmond and Brant Streets, the Soho Lofts Starwood Centre is perfectly placed for those with demanding schedules.

    For those working anywhere within downtown Toronto, commutes are kept to a minimum, while weekend explorations of hip neighbourhoods and exciting attractions require little to no travel time either.

    Tucked just a few blocks away from Queen and King Streets West, residents can enjoy shopping sprees or multi-course meals within minutes. Groceries can be found at the Kitchen Table or Fresh & Wild Food Market, both on King Street West. For exotic provisions, Chinatown is also just up the street, where shoppers can find durians, persimmons and everything in between.

    When date night rolls around, options for entertainment are aplenty with 477 Richmond West as a starting point. Residents can catch an international film at the TIFF Bell Lightbox, join the fans at a Blue Jays or Leafs game at the Rogers Centre or the Scotiabank Arena, or even take a quick ferry ride over to the Toronto Islands during the summer.

    Transportation

    Travel to and from the Soho Lofts Starwood Centre is a piece of cake. To start, simply heading out on foot or bicycle will allow residents to move around most of downtown Toronto. Cyclists can even take advantage of bike lanes that run along Richmond and Adelaide, either for amusement, exercise, or to avoid rush hour traffic on morning commutes.

    The Gardiner Expressway is just around the corner for drivers living at 477 Richmond West, which can be used for travel around the city or beyond. And as for those who rely on public transit to move about, Osgoode station on the University-Spadina subway line is just around the corner. From here, trains will transport passengers throughout the city in no time. The streetcar service along Queen Street also runs 24 hours a day, meaning even those keeping the craziest of hours will have an inexpensive means of getting home to bed.

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    Explore Neighbourhood

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    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!

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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.

    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

    Soho Lofts Starwood Centre vs The Queen West Area

    Days on Strata

    Units at Soho Lofts Starwood Centre spend an average of
    121
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    9%
    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
    7
    YEARS before being sold again

    Property Value

    -22%
    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

    1
    Units were Rented over the past twelve months

    Best Value Rank

    Soho Lofts Starwood Centre offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    Soho Lofts Starwood Centre has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    Soho Lofts Starwood Centre yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    Soho Lofts Starwood Centre is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 477 Richmond Street W

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo DataNo Data$1,273,000No DataNo Data
    Avg. Cost Per SqftNo DataNo DataNo Data$734No DataNo Data
    Avg. Wait for Unit Availability524 Days266 Days772 Days378 DaysNo DataNo Data
    Ratio of Units in Building20%34%13%27%6%4%

    Unit Sales vs Inventory

    Total number of units listed and sold in Queen West