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District Lofts, 388 Richmond St W: architectsAlliance’s Two-Storey Lofts

Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty

Building at a glance · Wellington Place

District Lofts in one look.

388 Richmond St W, Toronto

Built

2002

Storeys

8

Suites

146

Developer

Context Development

Corporation

TSCC-1435

Walk Score

100

Free · about 45 seconds · no obligation

What is your unit at District Lofts 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

  • 510Spadina Ave at Richmond St West510 Spadina streetcarSteps away
  • 1Osgoode stationLine 1 Yonge–University0.7 km
  • 13Avenue RdTTC bus1.1 km
  • 19BayTTC bus1.1 km
  • 97YongeTTC bus1.2 km
  • GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines1.2 km
  • UPUnion stationUP Express · Pearson to Union1.2 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.

Adobo Fresh BurritosSteps

StreetcarSteps

Ogden Junior Public School0.2 km

No Frills0.3 km

Osgoode station0.7 km

Union Station GO1.2 km

Harbord Collegiate Institute2.1 km

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–6

Ogden Junior Public School

33 Phoebe St, Toronto

0.2 km · ~3 min walk

Zoned for this address

MiddleGr 7–8

Ryerson Community School

96 Denison Ave, Toronto

0.7 km · ~11 min walk

Zoned for this address

High schoolGr 9–12

Harbord Collegiate Institute

286 Harbord St, Toronto

2.1 km

Zoned for this address

Catholic elementary

St Mary Catholic Elementary School

0.8 km · ~13 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

1.9 km

Nearest, confirm zoning

French-language · Viamonde (public)

Ecole Elementaire Pierre Elliott Trudeau

1.6 km · ~25 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 District Lofts actually trade for

$814Median sold price per sq ft, last 12 months-23% vs 2022 ($1,063)
50%of resales closed at or above asking, last 12 monthsCompetitive, expect offers
Unit typeSoldMedian priceLeasedMedian rent
1 bed1too few8$2,800/mo
2 bed3$829,0008$3,800/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 District Lofts

Do mostly owners or renters live here?

Leases 77%Sales 23%

Renter-heavy building. Of 26 deals here in the last 24 months, 20 were leases and 6 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 District Lofts?

0units registered with the City as a short-term rental at this address

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?

0elevator outages of 48 hours or more reported to TSSA for this address since July 2022

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 District Lofts

  1. 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.
  2. Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
  3. Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
  4. Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
  5. 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.

Get my status certificate reviewed

Watch this building

Know the moment a unit at District Lofts lists or sells.

Portals tell you a listing exists. I tell you whether it is priced right for this building, which stack it is in, and what the last comparable unit actually went for.

  • New listings for sale or rent here
  • What units sold for, with my read on it
  • No account, no spam, stop with one reply

Building alerts

Takes about twenty seconds.

Eat, drink and shop nearby

Within about a 10-minute walk.

Mexican

Adobo Fresh Burritos

Steps away

Restaurant

Cafe Montaigne

Steps away

Pizza

Mama's Pizza

Steps away

Burgers

Oklahoma Burgers

Steps away

Chicken

Mary Brown's

Steps away

Coffee

Tim Hortons

Steps away

Places from OpenStreetMap. Check hours before you go.

Parks nearby

  • Grasett Park
  • St. Andrew's Playground
  • Clarence Square Park

Nearest grocery

No Frills

0.3 km · ~5 min walk

Prices: TRREB MLS® System aggregate medians for 388 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.

District Lofts is the building I point to when someone asks what a modern Toronto loft is supposed to look like. Designed by architectsAlliance for Context Development, its U-shaped plan, skip-stop elevator and two-storey through suites were a real experiment in 2001, and the layouts are still unlike anything in the glass towers around it. I’m Jatin Dua, RE/MAX Quantum Realty.

Quick answer

District Lofts is a 146-suite mid-rise loft condominium at 388 Richmond Street West, just east of Spadina in downtown Toronto’s Fashion District, near King West. It was developed by Context Development and designed by architectsAlliance, and completed in 2001. Condos.ca lists it as 8 storeys, while the architect’s published project description says 14, counting a retail and parking base. The condominium corporation is TSCC-1435, registered 9 May 2002, and property management is listed as FirstService Residential. Maintenance fees include common elements, building insurance, water, heat and parking. Suites run from about 610 to 2,450 square feet.

District Lofts at a glance

Address
388 Richmond St W
Storeys
8
Suites
146
Built
2002
Developer
Context Development
Corp #
TSCC-1435

Architecture first: the U-plan and the skip-stop elevator

Canadian Architect’s write-up of the project credits architectsAlliance, with Peter Clewes leading the team, and describes two residential slabs joined by an elevator tower at the east end to form a U around a central courtyard. Monopitch roofs slope in toward that courtyard, four exterior bridges tie the slabs together at the west end, and a brick screen along Richmond nods to the old warehouse buildings nearby.

The clever part is the skip-stop elevator. Because the elevator does not stop on every floor, many suites can be two-storey units that run right through the building, with one side facing the courtyard and the other the street. That is why District Lofts suites often have a quiet side and a lively side, and why the plans here look nothing like a standard one-bedroom in a tower.

The details reward a close look. The architect’s description mentions stencilled suite numbers in the style of Le Corbusier and extensive glazing set against pre-cast concrete panels. The project was built for about $20 million, which tells you this was a carefully budgeted building, not a lavish one; the design effort went into the plan rather than expensive cladding.

Layouts: through units, studios and two-level penthouses

Ceilings are about ten feet of concrete in most suites, with taller volumes at the penthouse level. The architect’s description lists narrow, deep studios on the lowest residential floor, two-storey through units through the middle, and two-level penthouses at the top. One loft guide describes the penthouses with large terraces, skylights and windows about 18 feet tall.

Suite sizes run from roughly 610 to 2,450 square feet, and the same guide says every suite has some outdoor space, helped by continuous balconies along the north and south faces. One caution: suites on the interior terrace level have large outdoor areas that are not fully private. If privacy matters to you, ask exactly what the terrace adjoins before you fall for its size.

Living in a two-storey suite is a different daily routine. Stairs inside the suite separate the living and sleeping floors, which many owners love for privacy and work-from-home separation. It also means carrying laundry and groceries between levels, and it can rule the suite out for an older buyer later, so be honest with yourself about how long you plan to stay.

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.

How big is it, actually?

Sources disagree on height. Condos.ca lists eight storeys; the architect’s description and a loft guide both say 14, with retail and two levels of parking forming the base and the residences starting on the fourth floor. The difference likely comes from counting only residential floors versus the whole structure, but I would not guess.

The suite count is more settled: the architect and condos.ca both say 146, though one loft guide also gives 148 and 106. For a buyer, the practical answer is in the declaration for TSCC-1435, which you will see with the status certificate.

Richmond Street, just east of Spadina

This is the Fashion District edge of downtown, one block south of Queen West and a short walk north of King West. Richmond is a one-way street with narrow sidewalks, and the building faces it with a hard street wall, so the courtyard side is where you go for calm. The old masonry warehouses around it are the reason the brick screen exists.

Day to day, you are in the thick of downtown: restaurants and nightlife in every direction and the financial district within reach on foot. It is a place for people who want the city at full volume outside and a well-designed interior to retreat into.

The neighbourhood has kept changing around the building. More towers have gone up along Richmond, Adelaide and Spadina since 2001, so views that were open when the building opened may now face new neighbours. Check what is planned on the blocks your suite faces, because a courtyard outlook is protected by the building itself in a way that a street view is not.

Pricing, and why the fee looks high

Condos.ca puts the building’s average at about $849 per square foot, which is modest for an architect-designed loft this central. The two-storey layouts are part of the reason: buyers who want a conventional one-floor suite sometimes discount them, and buyers who want a loft experience value them highly. That split is your opportunity or your risk, depending on which side you sit on.

The fee needs context. It includes common elements, building insurance, water, heat and parking. Parking is the big one: in many newer downtown towers it is a separate monthly charge and heat is on your own meter. When you compare per-square-foot fees with a newer building, add those costs back before deciding District Lofts is expensive.

There is usually very little for sale here at any one time, so I will not quote a single asking price. For what suites have actually traded for, see my building sold report, and compare like with like: a two-storey through unit and a single-level studio are different products.

Building specifications

Building nameDistrict Lofts
Address388 Richmond St W, Toronto
DeveloperContext Development
ArchitectarchitectsAlliance (Peter Clewes)
StoreysSources conflict: 8 per condos.ca, 14 per the architect’s project description
Total suites146
Condo corporationTSCC-1435
Registered9 May 2002
Property managementFirstService Residential
Suite sizesApproximately 610 to 2,450 sq ft
Unit typesStudios, two-storey through units, two-level penthouses
CeilingsAbout 10 ft concrete; taller at penthouse level
Fees includeCommon elements, building insurance, water, heat and parking
InternetBeanfield Fibre available

Amenities at District Lofts

ConciergeGymMedia roomMeeting roomParty room with kitchenLandscaped courtyard terraceParking garageBBQs permittedBeanfield Fibre available

The amenities are practical rather than flashy: a concierge, an exercise room, a party room with a kitchen, a boardroom and a media room. The landscaped courtyard is the real shared space, and it is what makes the quiet side of each through unit quiet.

Jatin’s honest take on District Lofts

Who this building suits

Buyers who care about design and want a layout with real volume: two-storey through units, ten-foot concrete and a quiet courtyard side. It suits downtown professionals who walk to work, couples who want separation between living and sleeping floors, and anyone who wants a recognised piece of Toronto loft architecture instead of another glass box.

What I’d want you to check

This building is over 20 years old, so read the reserve fund study for roofing, the courtyard terrace membrane over the parking, window and balcony work, and the garage. Exterior bridges and continuous balconies are distinctive, and they are also more building envelope to maintain. Confirm the suite’s stair layout works for you long term, whether the terrace is private or overlooked, and which parking spot is included. With conflicting storey and suite counts in public sources, rely on the declaration.

The value question

At about $849 per square foot with heat and parking included, I think District Lofts is one of the better-value design buildings downtown, especially against newer towers that charge for parking separately. The catch is that the two-storey format narrows your buyer pool when you sell. Buy it because you want to live in it, and the value case is strong.

Free building report: District Lofts

Send me your email and I’ll put together a current report on District Lofts — 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.

Your details go to me only, never sold or shared. Prefer a set time? Book a 15-minute call.

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.

District Lofts — frequently asked questions

Who designed District Lofts?

District Lofts was designed by architectsAlliance, with a team led by Peter Clewes, for developer Context Development. It was completed in 2001.

How many suites are at 388 Richmond St W?

District Lofts has 146 suites according to both condos.ca and the architect’s project description, though one loft guide also cites 148.

How many storeys is District Lofts?

Sources conflict. Condos.ca lists eight storeys, while the architect’s description says 14, including a retail and two-level parking base, with residences starting on the fourth floor.

What is a skip-stop elevator, and why does it matter here?

The elevator stops only on some floors, which allows two-storey through units that run the full width of the building, with views on both sides.

How high are the ceilings at District Lofts?

Most suites have concrete ceilings of about ten feet, and the two-level penthouses have taller volumes and windows.

What do maintenance fees include at District Lofts?

Fees include common elements, building insurance, water, heat and parking, which is more than many newer downtown buildings include.

What amenities does District Lofts have?

It has a concierge, gym, media room, meeting room, a party room with a kitchen and a landscaped courtyard terrace.

Do all suites at District Lofts have outdoor space?

One loft guide says every suite has outdoor space, but terraces on the interior terrace level are not fully private. Check what your terrace adjoins.

Who manages District Lofts?

Condos.ca lists FirstService Residential as the property manager. Confirm it in the status certificate.

Who is District Lofts best for?

Design-minded owner-occupiers who want a two-storey loft layout in the Fashion District and are comfortable with stairs inside the suite.

How much do condos at District Lofts sell for?

Over the last 12 months the median resale at District Lofts was $754,500, across 4 sales. The typical unit sold in 12 days at about 99% of the asking price. That works out to roughly $814 per square foot.

How much is rent at District Lofts?

The median lease at District Lofts over the last 12 months was $3,375/mo, from 16 leases. Units typically leased in 14 days.

What does each unit type cost at District Lofts?

Over the last 24 months: One-bedrooms rented for $2,800/mo; Two-bedrooms sold for a median $829,000 and rented for $3,800/mo. Each median uses three or more deals.

Are prices at District Lofts up or down since 2022?

Down about 23%. The median sold price per square foot was $1,063 in 2022 and $814 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.

What rental yield does District Lofts offer an investor?

At a median price of $754,500 and a median rent of $3,375 a month, the gross yield is about 5.4%, 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 District Lofts?

Mostly renters. Of the deals here in the last 24 months, 77% were leases and 23% were sales.

Can you Airbnb a unit at District Lofts?

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.

What schools is District Lofts zoned for?

For TDSB public schools, the address is zoned for Ogden Junior Public School (Elementary, JK–6), Ryerson Community School (Middle, Gr 7–8), 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 District Lofts?

The nearest subway is Osgoode station (Line 1 Yonge–University), 0.7 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 1.2 km; UP Express runs from Union station, 1.2 km; the 510 Spadina streetcar stops 0.1 km away; the closest bus is the Avenue Rd (TTC bus). Distances are straight-line from the building.

What is the Walk Score of District Lofts?

Walk Score 100, Transit Score 100 and Bike Score 99. Most daily errands can be done on foot.

What restaurants and shops are near District Lofts?

Within about a 10-minute walk: Adobo Fresh Burritos (Mexican), Cafe Montaigne (Restaurant), Mama's Pizza (Pizza), Oklahoma Burgers (Burgers), Mary Brown's (Chicken). The closest grocery store is No Frills, 0.3 km away.

Which parks are near District Lofts?

Grasett Park, St. Andrew's Playground, Clarence Square Park are the closest green spaces.

What is my unit at District Lofts 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 District Lofts 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.

Still have a question about District Lofts?Ask me directly: a 15-minute call, no pressure.
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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.

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Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.

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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.

How this works — your estimate comes from a model built on recent Toronto & GTA condo sale data, weighting area, size, layout, floor, exposure, view, parking, locker, age and condition. It is an automated estimate for information only — not an appraisal and not a Comparative Market Analysis. Condo values also depend on the building’s reserve fund, maintenance fees, recent special assessments and status certificate, none of which a model can read. Ask me for a written CMA before you make a decision.

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 District Lofts, 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

Figures on this page were compiled from publicly available sources including condos.ca, strata.ca, City of Toronto open data and developer materials as at October 2026, and are provided for general information only. Sources frequently disagree on unit counts, storeys, square footage and maintenance-fee inclusions, and pricing changes constantly — where sources conflicted I’ve said so rather than picking one. Nothing here is an appraisal, a valuation, or a substitute for a status certificate reviewed by your lawyer. Verify all figures independently before making a decision. Jatin Dua, Broker of Record, RE/MAX Quantum Realty. Not intended to solicit buyers or sellers currently under contract. E. & O.E.
Free toolWhat’s being built near me?Look up every rezoning, site plan and condo application filed near any Toronto address, with free alerts.

© 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.

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