Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Wellington Place
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500 Richmond St W, Toronto
Built
2000
Storeys
4
Suites
109
Corporation
MTCC-1290
Walk Score
100
Free · about 45 seconds · no obligation
What is your unit at Cityscape Terrace worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Biker's Paradise
Transit, nearest first
- 501Queen St West at Augusta Ave501 Queen streetcarSteps away
- 1Osgoode stationLine 1 Yonge–University1.1 km
- 63OssingtonTTC bus1.2 km
- 13Avenue RdTTC bus1.3 km
- 19BayTTC bus1.4 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines1.5 km
- UPUnion stationUP Express · Pearson to Union1.5 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–8
Ryerson Community School
96 Denison Ave, Toronto
0.5 km · ~8 min walk
Zoned for this address
High schoolGr 9–12
Harbord Collegiate Institute
286 Harbord St, Toronto
1.9 km
Zoned for this address
Catholic elementary
St Mary Catholic Elementary School
0.5 km · ~8 min walk
Nearest, confirm zoning
Catholic elementary
Bishop Macdonell Catholic Elementary
1.0 km · ~16 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
2.0 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Pierre Elliott Trudeau
1.3 km · ~20 min walk
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Cityscape Terrace actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 2 | too few | 3 | $3,100/mo |
| 2 bed | 4 | $1,001,699 | 4 | $4,075/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Cityscape Terrace
Do mostly owners or renters live here?
Mix of owners and renters. Of 27 deals here in the last 24 months, 14 were leases and 13 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Cityscape Terrace?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Cityscape Terrace
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
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- New listings for sale or rent here
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Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Vietnamese
Hanoi Bites
Steps away
Seafood
Island Oysters
Steps away
Pizza
Pizzeria Popolo
Steps away
Steakhouse
Tantxo Steak Bar
Steps away
Restaurant
520 Cafe Bar
Steps away
Coffee
Fahrenheit Coffee
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- St. Andrew's Playground
- Alex Wilson Community Garden - Open Green Space
- Portland Street Parkette
Nearest grocery
Loblaws
0.2 km · ~3 min walk
Prices: TRREB MLS® System aggregate medians for 500 Richmond St W, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
Cityscape Terrace is the building I bring up when a buyer says they want downtown, but not a tower. It is a four-storey brick and stucco building on Richmond Street West, finished in 2000, with single-level and two-storey suites and a lot of private terraces. It is also old enough now that the paperwork matters as much as the suite. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Cityscape Terrace is a four-storey, 109-suite condominium at 500 Richmond Street West, between Spadina Avenue and Bathurst Street in downtown Toronto, close to King West and Queen West. It was built in 2000, and the corporation, MTCC-1290, was registered on 24 January 2000. Condos.ca lists Goldview Property Management, while Dash Property Management lists the building as one it manages. Suites run roughly 544 to 1,632 sq ft, and the fee includes common elements, building insurance, water and parking.
Cityscape Terrace at a glance
A low-rise in a high-rise neighbourhood
Most of what has been built around King West and Queen West in the last 20 years is glass and concrete, 12 storeys and up. Cityscape Terrace is the opposite: a four-storey building in red brick and stucco, with a European-style street front rather than a podium and tower.
The building does have an elevator, and Dash publishes an elevator reservation form for move-ins, so book it early if you are moving furniture into an upper-floor or two-storey suite.
That shape is what you are buying. A low building means fewer neighbours above you, a short trip down to the street, and far less reliance on elevators than in a tower. It also means you will not get a skyline view from most suites, and some lower units look onto the street or neighbouring buildings. Decide which matters more to you before you start viewing.
Two-storey suites and real terraces
The building mixes single-level suites with two-storey plans, and many suites have large terraces. Dash Property Management describes high ceilings, big windows and hardwood floors, and gas hook-ups for barbecues on the terraces. The top floor carries penthouse-numbered suites.
A two-storey suite with a terrace in a four-storey building is about as close as downtown condo living gets to a townhouse. For buyers moving from a house, or anyone with a dog or a garden habit, that outdoor space is the main reason to choose this building over a tower nearby.
Two-storey suites also behave differently in summer and winter. Heat rises, so the upper level can run warm while the lower level stays cool. Ask the seller how the suite is heated and cooled, whether each floor has its own controls, and what the hydro and gas bills have looked like over a full year.
Check the details suite by suite. On a two-storey plan, look at whether the bedroom level has its own bathroom and how steep the stairs are. On a terrace suite, ask who is responsible for the terrace surface and the membrane underneath, because in a 2000 building that can become a real cost.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Who actually manages it
This is the one fact I could not settle. Condos.ca lists Goldview Property Management as the manager. Dash Property Management has a tenant page for Cityscape Terrace that names the corporation, MTCC-1290, and says the building is managed by Dash, with its own resident forms.
Dash’s page is written for tenants, with move-in forms, a new tenant information form and building rules, and it notes that suites are rented unfurnished unless stated otherwise. If you are buying to live in, ask the manager what share of suites are leased; if you are buying to rent, read those rules first.
Management companies change, and either listing could be out of date. Before you buy, confirm the current manager through the status certificate and ask how long they have been in place. A recent change in management is not a red flag on its own, but you want to know why it happened.
The Richmond Street reality
The address puts you between the King West restaurant strip and the shops of Queen West, a walk from both and from the office towers of the financial district. The block itself is mostly a mix of older brick buildings, offices and newer condos, which keeps it busier by day than at night.
The pocket is still changing. UrbanToronto reported in 2017 that a redevelopment at 543 to 553 Richmond Street West, just to the west, was going through site plan approval. More construction nearby is likely over the next few years, so ask about any active sites on the block before you buy.
What Cityscape Terrace costs, and what the fee covers
Condos.ca puts the building average at about $861 per square foot. For a 2000 low-rise that is a firm number, and it reflects what buyers pay for terraces and two-storey plans in a downtown location where neither is common. Price per square foot also understates the terrace, because outdoor space is not counted in the interior area. Two suites with the same interior size can be worth very different amounts depending on the terrace.
There was only one suite listed for sale when I checked, so I will not quote an asking price; one listing does not tell you what the building is worth. For sale-price context, use the building sold report.
The fee includes common elements, building insurance, water and parking, according to condos.ca. Heat and hydro are not listed, so plan for both, and Dash notes that water tanks are rented from Enercare, which is a monthly cost many buyers overlook. Parking inside the fee is a real advantage downtown, where a space can otherwise be a separate monthly charge.
Building specifications
| Building name | Cityscape Terrace |
| Address | 500 Richmond St W, Toronto |
| Storeys | 4 |
| Total suites | 109 |
| Condo corporation | MTCC-1290 |
| Registered | 24 January 2000 |
| Property management | Sources conflict: condos.ca lists Goldview Property Management; Dash Property Management lists the building as one it manages |
| Suite sizes | Approximately 544 to 1,632 sq ft |
| Unit types | Single-level and two-storey suites, many with terraces |
| Exterior | Red brick and stucco |
| Fees include | Common elements, building insurance, water and parking |
| Not included | Heat and hydro; water heater rented from Enercare |
Amenities at Cityscape Terrace
There is no gym, pool or concierge listed. What you get is parking, visitor parking, a guest suite and barbecue hook-ups on the terraces, which suits people who want to spend their money on their own outdoor space rather than on a shared amenity floor.
Jatin’s honest take on Cityscape Terrace
Who this building suits
Cityscape Terrace suits buyers who want downtown without a tower: people downsizing from a house, couples who want a two-storey plan, and anyone who values a private terrace with a barbecue over a gym and a party room. It also suits owners who drive, because parking is included in the fee.
What I’d want you to check
This is a 2000 building, so it is at the age where roofs, terrace membranes, windows and garage waterproofing come due. Read the reserve fund study and recent board minutes carefully, and ask whether any special assessment has been discussed. Confirm the current property manager, the parking and locker attached to your suite, the water heater rental, and the pet and rental rules in the declaration.
The value question
At around $861 per square foot, you are not buying cheap square footage. You are paying for a format that is hard to find downtown: low-rise, brick, two-storey suites and real terraces, with parking included. If the reserve fund is in good shape and the terrace is sound, I think that is fair value for the right buyer. If you would like me to compare a suite here with nearby lofts, book a call.
Free building report: Cityscape Terrace
Send me your email and I’ll put together a current report on Cityscape Terrace — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Cityscape Terrace — frequently asked questions
How tall is Cityscape Terrace?
It is a four-storey low-rise with 109 suites, very different from the towers around it.
When was it built?
It was built in 2000, and the corporation, MTCC-1290, was registered on 24 January 2000.
Are there two-storey suites?
Yes. The building has both single-level and two-storey suites, and many suites have large terraces.
Can I barbecue on my terrace?
Barbecues are permitted, and Dash Property Management notes gas hook-ups on the terraces. Check the building rules for your suite.
What do the maintenance fees include?
Common elements, building insurance, water and parking, according to condos.ca. Heat and hydro are not listed as included.
Who manages Cityscape Terrace?
Sources conflict. Condos.ca lists Goldview Property Management, while Dash Property Management lists the building as one of its own. Confirm through the status certificate.
Is the water heater owned or rented?
Dash lists Enercare as the water tank rental provider, so expect a rental charge. Confirm the arrangement for the suite you are buying.
What does the exterior look like?
Red brick and stucco, with a European-style look rather than glass.
What amenities does the building have?
Parking, visitor parking, a guest suite and a security system. No gym, pool or concierge is listed.
Who is Cityscape Terrace best for?
Downsizers, couples who want a two-storey plan and buyers who value a private terrace over shared amenities.
How much do condos at Cityscape Terrace sell for?
Over the last 12 months the median resale at Cityscape Terrace was $877,590, across 6 sales. The typical unit sold in 11 days at about 97% of the asking price. That works out to roughly $707 per square foot.
How much is rent at Cityscape Terrace?
The median lease at Cityscape Terrace over the last 12 months was $3,875/mo, from 8 leases. Units typically leased in 5 days.
What does each unit type cost at Cityscape Terrace?
Over the last 24 months: One-bedrooms rented for $3,100/mo; Two-bedrooms sold for a median $1,001,699 and rented for $4,075/mo. Each median uses three or more deals.
What rental yield does Cityscape Terrace offer an investor?
At a median price of $877,590 and a median rent of $3,875 a month, the gross yield is about 5.3%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at Cityscape Terrace?
A mix of both. Of the deals here in the last 24 months, 52% were leases and 48% were sales.
Can you Airbnb a unit at Cityscape Terrace?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Cityscape Terrace had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is Cityscape Terrace zoned for?
For TDSB public schools, the address is zoned for Ryerson Community School (Elementary, JK–8), Harbord Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Cityscape Terrace?
The nearest subway is Osgoode station (Line 1 Yonge–University), 1.1 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 1.5 km; UP Express runs from Union station, 1.5 km; the 501 Queen streetcar stops 0.1 km away; the closest bus is the Ossington (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Cityscape Terrace?
Walk Score 100, Transit Score 100 and Bike Score 99. Most daily errands can be done on foot.
What restaurants and shops are near Cityscape Terrace?
Within about a 10-minute walk: Hanoi Bites (Vietnamese), Island Oysters (Seafood), Pizzeria Popolo (Pizza), Tantxo Steak Bar (Steakhouse), 520 Cafe Bar (Restaurant). The closest grocery store is Loblaws, 0.2 km away.
Which parks are near Cityscape Terrace?
St. Andrew's Playground, Alex Wilson Community Garden - Open Green Space, Portland Street Parkette are the closest green spaces.
What is my unit at Cityscape Terrace worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Cityscape Terrace lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at King West, Liberty Village and CityPlace more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including King West, Liberty Village and CityPlace. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at Cityscape Terrace, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More King West, Liberty Village and CityPlace building guides: 123 Portland · 263 Wellington West · 300 Front Street West · 32 Camden Street Lofts · 330 Richmond · 357 King West
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.