Year Built
2001
Mid-Rise Condo
District Lofts
by Context Development
388 Richmond Street W, Toronto, ON M5V3R1
Total Units
148
Avg $/sqft
$1,023
Storeys
14
Available Units in District Lofts
1
Unit for sale
From $549,900
0
Units for rent
Live MLS · Updated daily
Overview
We are aware that winning isn’t everything. We know that not everything needs to be made into a competition. But on certain occasions it is okay to keep score — and in this particular case, the District Lofts has without a doubt come out on top.
This isn’t just a subjective remark, either. Built in 2002, the creators of these soft lofts at 388 Richmond Street West have taken home multiple awards for their work. When working together, Context Developments and Architects Alliance clearly make an all-star team.
To name a few honours bestowed upon the District Lofts and its creators, the building received the Architecture and Urban Design Award of Excellence from the City of Toronto in 2003, as well as an award from the Canada Mortgage and Housing Corporation for innovation in building design. No wonder 388 Richmond West has quite the reputation.
While the design is the most obvious innovation, other elements are praiseworthy as well. The developers made sure to include pioneering fire safety, energy efficiency, and ventilation strategies when constructing the homes at 388 Richmond West in the Queen West neighbourhood. Amenities also include a rooftop terrace with barbecues, a party room, a gym, and a concierge.
The District Lofts is technically made up of two towers that are connected by a landscaped walkway. A splash of exclusivity is inserted into the atmosphere, as this courtyard area, being four storeys above the ground, is only for residents to use.
The building has also been commended for its ability to blend in with its surroundings. Rather than overpowering its neighbours, the contemporary style manages to fit right in with its historical neighbours. Even the above ground parking is hidden from plain sight, while providing all residents with an elevated view of the city.
The parking situation was actually a point of contention when constructing the lofts at 388 Richmond West. Since these homes sit where a parking lot once did, downtown drivers were given their spots back after the building’s completion. About half of the parking spots are granted to building residents and their guests, while an equal amount is available for the general public.
Developer
Context Development
Year Built
2001
Property Type
Mid-Rise Condo
Storeys
14
Total Units
148
Management
Crossbridge Condominium Services Ltd.
Amenities
Fitness Centre
Rooftop Garden
BBQ Area
Party Room
24/7 Concierge
Price History
47 recordsLoading history…
Market Stats
Prices in District Lofts are up 14.2% compared to last year.
$1,023
Avg $/sqft
+14.2%
YoY change
26
Avg days on market
Location & Walkability
Walk Score
100/100
Daily errands on foot
Transit Score
100/100
TTC, GO, subway access
Bike Score
75/100
Bike lanes & infrastructure
City in Ontario
Toronto
urban diverse lively
Toronto is a large city in Ontario known for its diversity and vibrant culture. It offers a mix of residential and urban living with plenty of amenities.
Toronto, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
Day to dayLivability
93
Walkability
out of 100 · averaged over 215 past and present listings
Average walk score reported on listings here
6.4
Schools near listings
out of 10 · averaged over 215 past and present listings
Fraser Institute ratings within 2 km of each listing, closer schools weighted more
Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.
What it costsAffordability
Median asking price
$759,900
6% above Ontario
In Toronto
$759,900
In Ontario
$716,900
Median monthly rent
$2,600/mo
4% above Ontario
In Toronto
$2,600
In Ontario
$2,499
$1,085
Per square foot
≈ 24.4 years
Of rent to match the purchase price
On the marketMarket snapshot
For sale
4,328
Median $759,900
Condos 3,148 · Houses 1,179
For rent
4,513
Median $2,600
Recently sold
Sign in to see sold data
Recently leased
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Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Diverse dining options
- Many parks for outdoor activities
- Good public transit access
Keep in mind
- Higher median sale price than provincial average
- Median rent is above provincial average
The feel of the placeLifestyle
Daily life in Toronto is busy and lively, with many activities and services available. The city has a mix of urban and suburban areas.
Great for young professionals families first-time buyers
Within the boundaryWhat's nearby
The boundary
661.4 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
1,669
Parks
2,209
Playgrounds
1,015
Transit stations
586
Grocery stores
3,605
Restaurants
1,594
Cafés
536
Gyms
142
Libraries
700
Pharmacies
Counted across all 661.4 km² of Toronto. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
6.4/10
Average rating of the 539 rated schools in this area
911
Elementary
325
Secondary
Avondale Alternative Elementary School
Public · Grades JK–8 · Toronto DSB
10.0/1010.0 over 5 yrs1st of 3,045 Ontario elementary schools
135 students · EQAO 2024-2025
Cottingham Junior Public School
Public · Grades JK–6 · Toronto DSB
10.0/101st of 3,045 Ontario elementary schools
140 students · EQAO 2024-2025
Northmount
Independent · TO Private Non-Inspected
10.0/109.8 over 5 yrs1st of 3,045 Ontario elementary schools
18 students
Rosedale Junior Public School
Public · Grades JK–6 · Toronto DSB
10.0/109.3 over 5 yrs1st of 3,045 Ontario elementary schools
220 students · EQAO 2024-2025
Sathya Sai
Independent · TO Private Non-Inspected
10.0/101st of 3,045 Ontario elementary schools
24 students
St Michael's Choir (Jr) School
Catholic · Grades 1–8 · Toronto CDSB
10.0/109.6 over 5 yrs1st of 3,045 Ontario elementary schools
135 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Toronto, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
2,794,356
Population (2021)
631.1 km²
Area
4,428
People per km²
41.2
Median age
$94,555
Median income
52%
Own their home
2.5
People per household
1,160,800
Households
Every age
- Children (under 15)13.8%
- Working age (15–64)69.2%
- Seniors (65+)17.1%
What is built here
- Detached houses23.3%
- Semi-detached6.2%
- Townhouses5.4%
- Duplexes4.1%
- Low-rise apartments13.9%
- High-rise apartments46.7%
Own or rent
52%Owners
48%Renters
Across 1,160,800 households
When it was built
Mostly 1960 or earlier
- 1960 or earlier29%
- 1961–198029%
- 1981–19909%
- 1991–20008%
- 2001–20055%
- 2006–20105%
- 2011–20156%
- 2016–20217%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 46.6%
- Born outside Canada
- 41.1%
- Hold a degree or higher
- 54.8%
- Employment rate
- 26.1%
- Commute by transit
- 61%
- Commute by car
- 1.7
- Children per family
- $81,720
- Median income after tax
- $124,573
- Average household income
- 13.2%
- Living on a low income
- $1,534/mo
- Renters pay, per month
- $1,693/mo
- Owners pay, per month
- $1,041,540
- Median home value at census
- 33.8%
- Renters spending 30%+ of income on housing
- 24%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 3,743 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)
