Building Image

District Lofts

388 Richmond St W, Downtown

Features

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Price/Sqft Range

610 sqft - 2450 sqft

Avg Price/Sqft

$1,020 / sq. ft.

Completed

Built: 2002

Building Scale

Floors: 8 | Total Units: 146

Building Details

Building Type

Mid-Rise condo

Property Management

Built in 2002

Condo Corp

TSCC-1435

Date Registered

May 9, 2002

Maintenance Fees Include

Common Element

Building Insurance

Water

Heat

Parking

Description

1 - About District Lofts

  • Address: 388 Richmond St W, Toronto
  • Neighbourhood: Fashion District (Niagara)
  • Storeys: 14
  • Units: 146
  • Year Built: 2002
  • Builder: Context Development Inc.
  • Building Type: Mid-Rise Condo
  • Suite Sizes: 610 sqft – 2,450 sqft
  • Average Price: $1,020 / sq. ft.

2 - Overview of District Lofts

District Lofts represents a striking example of modernist architecture in Toronto's Fashion District, completed in 2002. Unlike many loft buildings that are industrial conversions, this development was purpose-built to deliver the authentic loft experience from the ground up.

The building's distinctive design features a U-shaped twin-tower configuration with two parallel concrete slabs separated by a 10-metre-wide central void. This architectural choice ensures optimal light penetration and natural ventilation throughout the suites. Four open-air bridges span between the two primary volumes, creating visual interest and structural connectivity.

The building's architectural merit has been recognized with prestigious awards, including the 2003 City of Toronto Architecture and Urban Design Award of Excellence and the CMHC Innovative Building Award.

3 - Suite Sizes & Value

District Lofts offers generous living spaces ranging from 610 square feet to 2,450 square feet. Many units are configured as two-storey lofts featuring continuous glazing, exposed mechanical systems, and concrete ceilings that emphasize the industrial aesthetic.

Average Price: $1,020 / sq. ft. reflects the current market positioning within the Fashion District. This pricing accounts for the building's award-winning architecture and the availability of substantial floor plans that are increasingly rare in Toronto's condo market.

4 - Building Amenities & Features

  • Landscaped courtyard terrace
  • Fitness centre
  • Multi-purpose room with kitchen facilities
  • Professional boardroom
  • Private terraces with barbecue privileges
  • Above-grade 100-car parking facility
  • Ground-floor retail spaces including hair salon and dental office

5 - Location Highlights

District Lofts enjoys an enviable position in the heart of Toronto's cultural corridor. The renowned 401 Richmond Street West sits directly across the street, serving as a dynamic cultural centre housing artists' studios and galleries.

The building provides easy access to both Queen Street West's eclectic shopping scene and King Street West's vibrant entertainment district. Proximity to Spadina Avenue ensures excellent TTC connectivity throughout the city.

With a Walk Score of 99, residents are surrounded by independent boutiques, cafés, and professional services that define the Fashion District's character.

6 - Lifestyle Near District Lofts

The Fashion District lifestyle appeals particularly to creative professionals and those who value an integrated live-work environment. The neighbourhood has evolved into a sophisticated urban enclave that balances residential tranquility with cultural vibrancy.

Residents benefit from proximity to independent businesses, art galleries, and design studios that create a unique community atmosphere. The area offers the rare combination of downtown convenience with a distinct neighbourhood identity that sets it apart from Toronto's more generic condo corridors.

7 - About the Developer

Context Development Inc. established their reputation through District Lofts and similar modern developments across Toronto. The company specializes in creating contemporary residential buildings that respect and enhance existing urban fabric.

Their approach emphasizes thoughtful architectural design that integrates seamlessly with established neighbourhoods. District Lofts has been recognized as a benchmark for residential design in Toronto, demonstrating the developer's commitment to quality and innovation in urban housing.


Neighborhood

Clear View
Hospital
Place Of Worship
Public Transit
School
Terraced

Building Sales History

May 2026 — 2 Listed | 0 Sold

33 days on market

MLS® # C12986968

May 14, 2026

Terminated

Apr 11, 2026

Listed For Sale

$949,900

106 days on market

MLS® # C12966898

May 11, 2026

Price Change

Apr 7, 2026

Listed For Sale

$749,900
Feb 2026 — 2 Listed | 0 Sold

19 days on market

MLS® # C12767598

Feb 25, 2026

Terminated

Feb 6, 2026

Listed For Sale

$798,000

15 days on market

MLS® # C12771786

Feb 24, 2026

Terminated

Feb 9, 2026

Listed For Sale

$775,000

Niagara Insights

growth

Sale Price

Average

Median

Generated based on property type and location. Average values are derived using median calculations.