Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Wellington Place
Fabrik Condos in one look.
435 Richmond St W, Toronto
Built
2016
Storeys
16
Suites
168
Developer
Menkes Developments
Corporation
TSCC-2535
Walk Score
100
Free · about 45 seconds · no obligation
What is your unit at Fabrik Condos 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 Queen St West South Side510 Spadina streetcarSteps away
- 1Osgoode stationLine 1 Yonge–University0.9 km
- 13Avenue RdTTC bus1.2 km
- 19BayTTC bus1.3 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines1.3 km
- UPUnion stationUP Express · Pearson to Union1.3 km
- 97YongeTTC bus1.4 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
0.6 km · ~9 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
0.7 km · ~11 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
1.5 km · ~23 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 Fabrik Condos actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| Studio | 1 | too few | 4 | $1,985/mo |
| 1 bed | 0 | too few | 12 | $2,350/mo |
| 2 bed | 2 | too few | 15 | $2,900/mo |
| 3 bed + | 1 | too few | 3 | $3,400/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 Fabrik Condos
Do mostly owners or renters live here?
Renter-heavy building. Of 78 deals here in the last 24 months, 70 were leases and 8 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 Fabrik Condos?
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 Fabrik Condos
- 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.
Get my status certificate reviewedWatch this building
Know the moment a unit at Fabrik Condos 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
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Building alerts
Takes about twenty seconds.
Eat, drink and shop nearby
Within about a 10-minute walk.
Coffee
Pilot Coffee Roasters
Steps away
Restaurant
Turquoise Grill House
Steps away
Bagels
What a Bagel
Steps away
Mexican
Los Compas Tacos
Steps away
Healthy
Freshii
Steps away
Restaurant
Avenue Open Kitchen
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
0.4 km · ~6 min walk
Prices: TRREB MLS® System aggregate medians for 435 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.
Fabrik is the building I point to when a first-time buyer or investor wants Queen and Spadina at the lowest practical entry price. Menkes finished it in 2016, and it is a building of small suites: condos.ca tops out the range at 825 sq ft. If you go in knowing that, and choose your layout carefully, it can make a lot of sense. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Fabrik Condos is a mid-rise condominium at 435 Richmond Street West, just west of Spadina Avenue in Toronto’s Fashion District. It was developed by Menkes Developments, designed by Giannone Petricone Associates with Giovanni A. Tassone Architects, and completed in 2016. Condos.ca lists 16 floors and 168 suites, the condominium corporation as TSCC-2535, registered on 8 August 2016, and Performance Property Management as manager. Condos.ca lists the fee as covering heat and water.
Fabrik Condos at a glance
A fabric-patterned facade for the Fashion District
The name is a nod to the neighbourhood. Fabrik sits in the old garment district west of Spadina, and the architects gave the exterior facade treatments that read like woven fabric patterns, with bold coloured accents on the structure. Inside, the original design used earthy, leather-and-suede tones.
The building replaced two two-storey structures and a small laneway, part of the wave of redevelopment that has turned this stretch of Richmond from low-rise warehouses and nightclubs into a residential street. At launch it was much taller than its immediate neighbours; the tower steps back above the 10th floor to soften that.
Sources disagree on the basics. UrbanToronto described a 17-storey building of 174 suites; blogTO said 16 storeys and 174 suites; condos.ca lists 16 floors and 168 suites. Launch materials also used the address 431 Richmond Street West. The architecture credit is shared between Giannone Petricone Associates and Giovanni A. Tassone Architects, with the two sources describing their roles differently.
Small suites, and why layout is everything
Condos.ca lists suites from about 362 to 825 sq ft. Launch coverage described studios, one-bedrooms, one-plus-dens, two-bedrooms, two-plus-dens and three-bedrooms, but even the largest plans here are small by any standard. This is a building for one person or a couple, not a family.
BlogTO’s reviewer at launch was candid about the floor plates: a lot of suites per floor, some kitchens running along corridors, and some bedrooms without direct natural light. On the positive side, the same review noted 9-foot ceilings and that many one-plus-den plans had fair-sized balconies and dens that worked as separate rooms.
So walk every suite with the floor plan in hand. A one-plus-den with a usable den and a decent balcony is a very different home from a one-bedroom where the bedroom borrows light through a glass panel. Finishes at launch were described as standard, with laminate flooring, so check what owners have upgraded.
Think about resale before you buy. The next buyer of a 400 sq ft studio is usually an investor comparing it with dozens of similar suites nearby, while a one-plus-den with a separate den and a real balcony appeals to both investors and owner-occupiers. In a building where most suites are small, the better plans are the ones that hold their value.
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.
A lean fee, and what it leaves out
Condos.ca lists only heat and water in the fee. Air conditioning, hydro and parking are not on that list, so budget for your own electricity and cooling, and check whether the suite has a parking space and how it is charged. At launch, parking was sold separately for select suites only.
BlogTO reported the projected fee at launch as roughly $0.55 per sq ft plus hydro. That is a lean figure, and the reviewer saw the limited amenity package as one reason it could stay that way. Today’s fee will differ, so get the current number and the budget from the status certificate.
A small fee on a small suite makes Fabrik one of the cheaper buildings in the area to carry each month. Just compare the all-in cost honestly, including your own hydro and cooling bills, against buildings where those are bundled in.
If you rent the suite out, a fee that covers so little also works in your favour on paper, but tenants will be paying hydro and cooling directly. Make sure the listing and the lease are clear about which utilities are the tenant’s, and confirm whether the suite has its own hydro meter.
Living just west of Queen and Spadina
Richmond Street west of Spadina puts you a short walk from Queen West’s shops, the restaurants on King West, Chinatown and Kensington Market. That mix of cheap eats, nightlife and independent retail is what draws young buyers and renters here.
It is also a busy, loud part of downtown. Richmond is a major one-way traffic street and the old club district is close by, so weekend nights can be lively. Visit at night before you commit, and ask about the noise on the side of the building the suite faces.
The data panel on this page covers transit, walkability and nearby parks.
Price per square foot and what it means
Condos.ca puts the building average at about $836 per sq ft. For a 2016 building at Queen and Spadina, that is moderate, and it reflects the trade-offs: compact plans, standard finishes and a fee that covers little.
There were no suites for sale and one for lease when I wrote this, so I cannot give you a current range of asking prices. Low inventory in a 168-suite building usually means owners and investors are holding rather than selling.
Small suites carry a premium per square foot everywhere, so do not compare Fabrik’s figure with a building full of large two-bedrooms. Compare it with nearby buildings that have a similar mix of studios and one-bedrooms.
To price a specific suite, I can pull the closest comparables in the building and nearby through my building sold report.
Building specifications
| Building name | Fabrik Condos |
| Address | 435 Richmond St W, Toronto (431 Richmond St W in launch materials) |
| Developer | Menkes Developments |
| Architect | Giannone Petricone Associates with Giovanni A. Tassone Architects |
| Storeys | 16 per condos.ca and blogTO; 17 per UrbanToronto |
| Total suites | 168 per condos.ca (174 at launch) |
| Completed | 2016 |
| Condo corporation | TSCC-2535 |
| Registered | 8 August 2016 |
| Property management | Performance Property Management (per condos.ca) |
| Suite sizes | Approximately 362 to 825 sq ft |
| Ceiling height | 9 ft (per launch coverage) |
| Fees include | Heat and water |
| Not included | Hydro, air conditioning and parking |
Amenities at Fabrik Condos
The amenity list is short on purpose: a gym, a party room, a rooftop deck and a concierge. Launch materials also promised a lounge, theatre, games room, guest suite and pet grooming area, so ask which of those exist and how they are booked today.
Jatin’s honest take on Fabrik Condos
Who this building suits
First-time buyers who want to own downtown at a lower entry price, single professionals who live their lives in the neighbourhood rather than at home, and investors looking for a suite that rents easily to people working or studying nearby.
What I’d want you to check
Layout first: daylight in the bedroom, where the kitchen sits and whether the den is usable. Then the costs the fee does not cover, hydro, cooling and parking, and the current fee from the status certificate. At about ten years old, the building is past its warranty period, so read the reserve fund study and recent minutes. Launch coverage mentioned two elevators for the building, so ask residents how the wait is at rush hour and what happens when one is out of service.
The value question
At around $836 per sq ft with a lean fee, Fabrik is one of the more affordable ways into Queen and Spadina in a building of this age. The value depends almost entirely on the suite. A well-planned one-plus-den with a balcony is a sensible buy; a studio with a dark bedroom nook is harder to resell, and I would steer most buyers away from it.
Free building report: Fabrik Condos
Send me your email and I’ll put together a current report on Fabrik Condos — 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.
Fabrik Condos — frequently asked questions
Who built Fabrik Condos?
Menkes Developments built it, completing the building in 2016.
Who designed Fabrik?
Giannone Petricone Associates and Giovanni A. Tassone Architects shared the design, with the fabric-patterned facade as its signature.
How many storeys and suites does Fabrik have?
Condos.ca lists 16 floors and 168 suites. Launch coverage cited 174 suites, and UrbanToronto described 17 storeys.
What does the maintenance fee include?
Condos.ca lists heat and water only. Hydro, air conditioning and parking are not included.
How big are the suites?
Condos.ca lists about 362 to 825 sq ft, so even the largest plans are compact.
What are the ceiling heights?
Launch coverage described 9-foot ceilings, measured from unfinished floor to unfinished ceiling.
Is parking available?
At launch, parking was offered separately for select suites only. Check whether the suite you are looking at has a space.
What amenities does Fabrik have?
Condos.ca lists a concierge, gym, party room, rooftop deck and visitor parking.
Who manages the building?
Condos.ca lists Performance Property Management. The status certificate will confirm the current manager.
Is Fabrik at 431 or 435 Richmond Street West?
The building is listed today at 435 Richmond Street West; launch materials used 431.
How much do condos at Fabrik Condos sell for?
Over the last 12 months the median resale at Fabrik Condos was $604,444, across 4 sales. The typical unit sold in 24 days at about 96% of the asking price. That works out to roughly $845 per square foot.
How much is rent at Fabrik Condos?
The median lease at Fabrik Condos over the last 12 months was $2,775/mo, from 34 leases. Units typically leased in 13 days.
What does each unit type cost at Fabrik Condos?
Over the last 24 months: Studios rented for $1,985/mo; One-bedrooms rented for $2,350/mo; Two-bedrooms rented for $2,900/mo; Three-bedrooms rented for $3,400/mo. Each median uses three or more deals.
Are prices at Fabrik Condos up or down since 2022?
Down about 24%. The median sold price per square foot was $1,115 in 2022 and $845 over the last 12 months. Pricing off 2022 comparables is the most common mistake sellers make here.
What rental yield does Fabrik Condos offer an investor?
At a median price of $604,444 and a median rent of $2,775 a month, the gross yield is about 5.5%, 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 Fabrik Condos?
Mostly renters. Of the deals here in the last 24 months, 90% were leases and 10% were sales.
Can you Airbnb a unit at Fabrik Condos?
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 Fabrik Condos 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 Fabrik Condos 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 Fabrik Condos?
The nearest subway is Osgoode station (Line 1 Yonge–University), 0.9 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 1.3 km; UP Express runs from Union station, 1.3 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 Fabrik Condos?
Walk Score 100, Transit Score 100 and Bike Score 99. Most daily errands can be done on foot.
What restaurants and shops are near Fabrik Condos?
Within about a 10-minute walk: Pilot Coffee Roasters (Coffee), Turquoise Grill House (Restaurant), What a Bagel (Bagels), Los Compas Tacos (Mexican), Freshii (Healthy). The closest grocery store is Loblaws, 0.4 km away.
Which parks are near Fabrik Condos?
St. Andrew's Playground, Alex Wilson Community Garden - Open Green Space, Portland Street Parkette are the closest green spaces.
What is my unit at Fabrik Condos 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 Fabrik Condos 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 Fabrik Condos, 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.