Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Wellington Place
Rush Condos in one look.
520 Richmond St W, Toronto
Built
2023
Storeys
13
Suites
108
Developer
Alterra
Corporation
TSCC-2979
Walk Score
100
Free · about 45 seconds · no obligation
What is your unit at Rush 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
- 501Queen St West at Augusta Ave501 Queen streetcarSteps away
- 1Osgoode stationLine 1 Yonge–University1.1 km
- 63OssingtonTTC bus1.2 km
- 13Avenue RdTTC bus1.4 km
- 19BayTTC bus1.5 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines1.6 km
- UPUnion stationUP Express · Pearson to Union1.6 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
0.4 km · ~6 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
2.1 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 Rush Condos actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 0 | too few | 23 | $2,500/mo |
| 2 bed | 0 | too few | 5 | $3,150/mo |
| 3 bed + | 1 | too few | 6 | $4,100/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 Rush Condos
Do mostly owners or renters live here?
Renter-heavy building. Of 72 deals here in the last 24 months, 68 were leases and 4 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 Rush 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 Rush 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 Rush 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
- 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.
Restaurant
520 Cafe Bar
Steps away
Chicken
Union Chicken
Steps away
Sushi
Aburi Sushi Toronto
Steps away
Restaurant
Lee Restaurant
Steps away
Italian
Rasta Pasta
Steps away
Coffee
Fahrenheit Coffee
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Alex Wilson Community Garden - Open Green Space
- St. Andrew's Playground
- Portland Street Parkette
Nearest grocery
Loblaws
0.2 km · ~3 min walk
Prices: TRREB MLS® System aggregate medians for 520 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.
Rush Condos at 520 Richmond Street West is the building that took its name from the lane behind it: Rush Lane, the stretch most people know as Graffiti Alley. Alterra and BDP Quadrangle designed it to keep that lane’s art alive, wrapped it in woven red brick, and fitted it with a car elevator instead of a ramp. It is a characterful mid-rise with one number you have to look at hard, and that is the fee. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Rush Condos is a mid-rise condominium at 520 Richmond Street West and 2 Augusta Avenue, at the corner of Richmond and Augusta in the King-Spadina area of downtown Toronto, backing onto Rush Lane. It was developed by Alterra and designed by BDP Quadrangle, and the corporation, TSCC-2979, was registered on 12 June 2023. UrbanToronto and the architect describe 15 storeys and 125 suites; condos.ca lists 13 floors and 108 suites. Property management is listed as Performance Property Management.
Rush Condos at a glance
A building designed around Graffiti Alley
The site used to be a single-storey Stephenson’s Rent-All store at Richmond and Augusta. Rush Lane runs behind it, and the lane’s murals and tags are one of the most photographed parts of downtown. Any building here was going to change that lane, and the design team planned for it.
BDP Quadrangle set aside the north and west podium walls as replacement surfaces for street art, and two ground-floor facades were designed to take graffiti. The entrance references the lane directly. It is an unusual decision for a condo, and I think a good one; the building borrows its identity from the street instead of fighting it.
The practical side of living next to Graffiti Alley: it draws photographers, tour groups and film shoots, mostly in daylight and on weekends. Suites facing the lane will see that activity. Some buyers love it. If you want privacy at street level, look at upper floors or the Richmond side.
Woven brick in a heritage district
The site sits within a Heritage Conservation District, and the design responds to the area’s garment-factory history. The main facade is red brick laid to suggest a woven textile, with precast brick threads at the base and coloured metal panels higher up, meant to read as the warp and weft of fabric.
The massing follows the rules for the district. A seven-storey base matches the scale of the surrounding warehouses, and the floors above step back to a smaller tower footprint. Those upper floors get more light and some terrace space where the building steps in.
Being in a heritage district also shapes what can be built around you. New buildings nearby face the same height and setback rules, which is part of why this stretch still feels like a mid-rise neighbourhood rather than a canyon of towers. That gives the upper suites here a better chance of keeping their light and views than a comparable suite in a tower-heavy block, though it is never a guarantee. Ask what has been applied for on neighbouring lots.
Sources disagree on the basic counts. UrbanToronto and the architect describe 15 storeys and 125 suites, while condos.ca lists 13 floors and 108 suites. The difference may come from how mechanical floors and townhouse-style suites are counted, but the registered number is what you should rely on.
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.
The car elevator, the bikes and the green roof
There is no parking ramp here. The architect describes a car elevator that lifts vehicles into the three underground levels. On a tight corner lot that is a clever use of space, but it changes daily life for drivers. You wait for the lift, and if it is out of service, nobody’s car is moving.
If you are buying with parking, ask how often the car elevator has been down, how long repairs have taken, what the service contract costs and how the reserve fund plans for its replacement. If you are buying without a car, the oversized bicycle storage is the more useful feature.
A small building with a mechanical parking system concentrates risk. In a 400-suite tower, a big repair is spread across many owners; here, it is spread across about a hundred. That is not a reason to avoid the building, but it is a reason to read the reserve fund study line by line.
The building also has a green roof, which helps with stormwater and keeps the roof cooler, and the architect lists climbing walls among the shared spaces. Confirm what is actually in place and open to residents today; condos.ca lists only a gym and a party room.
Richmond and Augusta, day to day
This corner sits where the Fashion District meets the Queen West shopping strip. Queen Street West is a block north, King Street’s restaurants are a short walk south, and Kensington Market is a walk up Augusta. For someone who walks everywhere, the location is close to ideal.
Richmond is a busy one-way street, and Augusta brings its own traffic toward Queen. Suites at the corner will hear it. Spend time at the building on a weekday at rush hour and on a Saturday night before you choose a side.
Rush pricing, and a fee that stands out
The building average sits around $1,038 per square foot. That is high for King-Spadina resale, partly because the suites are small and small suites always cost more per foot, and partly because Rush is new and well designed.
When I reviewed it there were five suites for sale, asking from about $449,000 to about $770,000. One-bedrooms asked roughly $449,000 to $550,000, and two-plus-den plans in the 700 to 799 square foot band asked about $699,000 to $770,000.
The fee is the number to study. On those listings it ran from about $404 to about $963 a month, roughly $1.28 per square foot. That is well above what most buildings in this area charge, and I could not confirm what it includes. A small building spreads its costs over fewer owners, and a car elevator is not cheap to run. Get the budget and the fee breakdown before you compare Rush with anything nearby. For sold figures, use the aggregate data on this page or ask me for a building sold report.
Building specifications
| Building name | Rush Condos |
| Address | 520 Richmond Street West and 2 Augusta Avenue, Toronto |
| Developer | Alterra |
| Architect | BDP Quadrangle |
| Storeys | 15 per UrbanToronto and the architect; 13 floors per condos.ca |
| Total suites | 125 per UrbanToronto; 108 per condos.ca |
| Condo corporation | TSCC-2979 |
| Registered | 12 June 2023 |
| Property management | Performance Property Management |
| Exterior | Woven red brick with precast brick and coloured metal panels |
| Parking | Three underground levels served by a car elevator |
| Maintenance fees | About $1.28 per sq ft on active listings |
Amenities at Rush Condos
Condos.ca lists a gym and a party room, and the architect adds oversized bicycle storage, a green roof and climbing walls. It is a compact package for a compact building; the neighbourhood, from Queen West to Kensington, does most of the work.
Jatin’s honest take on Rush Condos
Who this building suits
Buyers who want a small, newer building with genuine character in the middle of the Queen West and Fashion District scene. It suits cyclists and people without cars, and first-time buyers who want a well-designed one-bedroom rather than a generic tower suite.
What I’d want you to check
First, the fee: at about $1.28 per square foot, find out exactly what it covers and how the budget is built. Second, the car elevator: ask about downtime, the service contract and the replacement plan in the reserve fund study. Third, the building registered in 2023, so ask about Tarion claims and anything outstanding. Fourth, confirm the suite count and what amenities were delivered, since sources differ.
The value question
Rush is one of the better-looking new mid-rises in this part of downtown, and I expect it to keep its appeal. The issue is carrying cost. A high price per square foot plus a high fee makes it an expensive way to own a small suite. For an owner-occupier who loves this corner, it can still be the right buy; for an investor, the fee makes the numbers hard to justify.
Free building report: Rush Condos
Send me your email and I’ll put together a current report on Rush 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.
Rush Condos — frequently asked questions
Who developed Rush Condos?
Alterra.
Who designed Rush Condos?
BDP Quadrangle.
Why is it called Rush?
It backs onto Rush Lane, the laneway better known as Graffiti Alley.
How tall is Rush Condos?
UrbanToronto and the architect describe 15 storeys and about 52 metres, with a seven-storey base. Condos.ca lists 13 floors.
How many suites are there?
UrbanToronto lists 125 suites and condos.ca lists 108. Check the status certificate for the registered number.
How does parking work?
A car elevator lifts vehicles into three underground levels instead of a ramp. Ask about downtime and maintenance costs before you buy a suite with parking.
Is the street art protected?
The design set aside podium walls and ground-floor facades for graffiti and street art facing Rush Lane.
When was Rush registered?
The corporation, TSCC-2979, was registered on 12 June 2023.
Who manages Rush Condos?
Property management is listed as Performance Property Management.
How much is rent at Rush Condos?
The median lease at Rush Condos over the last 12 months was $2,600/mo, from 34 leases. Units typically leased in 16 days.
What does each unit type cost at Rush Condos?
Over the last 24 months: One-bedrooms rented for $2,500/mo; Two-bedrooms rented for $3,150/mo; Three-bedrooms rented for $4,100/mo. Each median uses three or more deals.
Do mostly owners or renters live at Rush Condos?
Mostly renters. Of the deals here in the last 24 months, 94% were leases and 6% were sales.
Can you Airbnb a unit at Rush 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 Rush 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 Rush 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 Rush Condos?
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, 1.6 km; UP Express runs from Union station, 1.6 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 Rush 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 Rush Condos?
Within about a 10-minute walk: 520 Cafe Bar (Restaurant), Union Chicken (Chicken), Aburi Sushi Toronto (Sushi), Lee Restaurant (Restaurant), Rasta Pasta (Italian). The closest grocery store is Loblaws, 0.2 km away.
Which parks are near Rush Condos?
Alex Wilson Community Garden - Open Green Space, St. Andrew's Playground, Portland Street Parkette are the closest green spaces.
What is my unit at Rush 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 Rush 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 Rush 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.
