388 Richmond St W #519 is a 2-bedroom, 2-bathroom condo in Toronto, listed for $549,900. It has 1000-1199 sq ft of living space.
1This is a renovation project you cannot afford to pass up!
2Spanning just over 1,000 square feet, this loft benefits from south, west and north exposures, bringing in a dynamic quality of light that evolves throughout the day.
3The two-level design creates a natural rhythm between, understanding how people actually live.
Come one, come all! This is a renovation project you cannot afford to pass up! Where turnover is rare and demand is constant, this is a compelling opportunity to own in the highly sought-after District Lofts. Put your touch on this unique, triple-exposure, two-storey residence, seldom found in the Toronto Fashion District. Spanning just over 1,000 square feet, this loft benefits from south, west and north exposures, bringing in a dynamic quality of light that evolves throughout the day. The two-level design creates a natural rhythm between, understanding how people actually live. The main level is open, social and designed for movement while the upper level creates a more distinct sense of privacy above. Positioned in the most valuable pocket of Downtown Toronto, you are steps to King West, Queen West, acclaimed dining, sports and entertainment. A life re-imagined awaits!
2 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $550 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 388 Richmond St W #519
Every detail from the listing, in one place.
Type
Condo
Style
2-Storey
Living space
1000-1199 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Condo Apartment
388 Richmond St W #519 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14082804$549,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 388 Richmond St W #519 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,701
/mo
based on the purchase price of $549,900
$109,980 cash
$439,920 financed
$370,528 total interest
Principal54%$439,920
Interest46%$370,528
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $550K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio5041.4%On average, homes sold at or above asking.
Active listings13,531Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 18 – Jul 17, 2026: prices up.
Based on 9,408 sales from Jul 17 – Oct 15, 2026 (6,681 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
1 for sale at 388 Richmond St W — plus its sale and lease history.
388 Richmond St W #519 is listed at $549,900 (MLS® C14082804). Summitly updates the price as soon as the MLS® record changes.
Is $549,900 a good price for 388 Richmond St W #519?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 388 Richmond St W #519 changed?
No — 388 Richmond St W #519 is still listed at its original asking price of $549,900.
How many bedrooms and bathrooms does 388 Richmond St W #519 have?
388 Richmond St W #519 has 2 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Toronto.
Is 388 Richmond St W #519 close to transit?
The nearest rapid-transit station is Osgoode Station (Line 1), about 730 m (about a 9-minute walk) in a straight line. St. Andrew Station is about 800 m (about a 10-minute walk), and St. Patrick Station is about 910 m (about a 11-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 388 Richmond St W #519?
About $2,701 a month — principal and interest on $549,900 with 20% down ($109,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 388 Richmond St W #519 compare with other homes in Toronto?
Its asking price of $549,900 is about 35% below the median sold price in Toronto over the last 90 days, $848,884, across 9,408 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 388 Richmond St W #519 been sold before?
Summitly has no earlier MLS® sale or lease of 388 Richmond St W #519 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 388 Richmond St W #519?
388 Richmond St W #519 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 388 Richmond St W #519 been on the market?
388 Richmond St W #519 was listed today (October 15, 2026).
What is the price per square foot of 388 Richmond St W #519?
About $459 to $550 per square foot: the asking price of $549,900 over the 1,000–1,199 sq ft the listing gives as its size range.
Does 388 Richmond St W #519 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
