Year Built
2002
Mid-Rise Condo
The Morgan
by Great Gulf
438 Richmond Street W, Toronto, ON M5V 1X9
Total Units
217
Avg $/sqft
$900
Storeys
15
Available Units in The Morgan
2
Units for sale
From $79,000
3
Units for rent
From $1,995/mo
For RentRooftop Terrace
Listed for:
Listed Jul 19, 2026
$1,995
Unit 1107, 438 Richmond Street W
Toronto (Waterfront Communities), ON M5V 3S6
0Bedrooms
1Bathroom
1Parking
0-499Sq Ft
Condo ApartmentFor Rent
Live MLS · Updated daily
Overview
With its floor count of only 15 storeys, the Morgan Condos may be short, however it is certainly not small. The prominent building at the corner of Richmond and Spadina is hard to miss for a number of important reasons.
The first is its size: the Morgan Condos — with 217 Queen West condos and plenty of retail space below — take up half of an entire city block. The second striking aspect of the residences at 438 Richmond Street West is its architectural style.
Built in 2002, the Morgan Condos has an aesthetic that resembles structures dating back to the 1920s. The Art Deco façade was designed by Quadrangle Architects, and has not gone unnoticed by experts in the field: in 2005, the Morgan Condos was honoured with an award of excellence from the Ontario Association of Architects.
The structure is even said to be inspired by its neighbouring edifices — built about 80 years prior — such as the Balfour and the Fashion Building. The yellow brick found adoring the condo might even trick a passersby into thinking 438 Richmond Street West is part of this historical gang.
But once one steps foot inside, they'll quickly recognize how contemporary the building really is. Just beyond the grand spiral staircase in the lobby, residents and guests will find all of the amenities one could ask for. Residents have access to a gym, meeting room, party room, cinema, rooftop terrace with barbecues, and a sauna, as well as a concierge to keep everything in order and visitor parking to ensure that residents can share these privileges with friends and family.
Ground floor retail businesses allow residents to run errands without having to travel too far. Between the Le Gourmand Café and Starbucks just downstairs, residents also have their pick of where to grab a coffee before heading out to work each morning.
Developer
Great Gulf
Year Built
2002
Property Type
Mid-Rise Condo
Storeys
15
Total Units
217
Management
Crossbridge Condominium Services Ltd.
Amenities
Underground Parking
Rec Room
Fitness Centre
Sauna
Rooftop Garden
Visitor Parking
Party Room
24/7 Concierge
Price History
61 recordsLoading history…
Market Stats
Prices in The Morgan are down 7.8% compared to last year.
$900
Avg $/sqft
-7.8%
YoY change
23
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
Sign in to see leased data
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)
