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    676 Richmond Street W

    Industrial Revolution I Lofts
    1for Sale
    0for Rent

    Building Details

    Property Type:
    Hard Loft
    Number of Storeys:
    3
    Number of Units:
    32
    Condo Completion:
    1997
    Condo Demand:
    High
    Unit Size Range:
    750 - 3,200 SQFT
    Unit Availability:
    Low

    Listing History for Industrial Revolution I Lofts

    Receive listing updates for Queen West

    Amenities

    BBQs Allowed
    Security System
    Bike Storage

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 676 Richmond Street WIndustrial Revolution I Lofts

    The building at 676 Richmond Street West has been keeping Torontonians warm and cozy for some time now. Originally a knitting mill, this structure was once tasked with churning out sartorial comfort. Still today, those who call Industrial Revolution I Lofts home are greeted with a character-rich atmosphere afforded by the building’s past life.

    In 1996, Bob Mitchell oversaw the conversion of the knitting mill into 19 Toronto lofts. The red brick façade was not only preserved, but spare bricks gathered from the widening of windows were used to give the building a subtle — yet much warranted — facelift. Following the success of the first development, a second was added: Industrial Revolution II.

    While amenities at Industrial Revolution I Lofts are limited, the ones that are offered are significant: parking is available for residents with cars, and gas hookups on patios or terraces allow homeowners to fire up the grill all summer long.

    The Suites

    Similar to the conservation of the exterior style, the hard lofts within 676 Richmond West showcase industrial elements throughout these updated homes. Depending on the unit, the lofts may feature anything from steel beams, to exposed red or yellow brick, and even wooden ceiling panels and visible ductwork. Hardwood floors, generously sized windows, and 16-foot ceilings provide warmth, creating a contrast with the raw design elements that is just right.

    Toronto condos for sale at 676 Richmond West range from around 700 to 2,000 square feet, and span either two or three storeys each. The layouts are unique, with an interesting use of levels such as mezzanine bedrooms. Most of the units boast outdoor spaces as well, in the form of expansive patios or terraces.

    While these lofts are generally created in the open concept fashion, those who need privacy and concentration to pick out tomorrow’s outfit will fall for the units that contain walk-in closets.

    The Neighbourhood

    Just moments from the major intersection of Queen and Bathurst, the lofts at Industrial Revolution I are ideally set for stylish and energetic residents. Local boutiques in Queen West are distinctive and fresh, serving up everything from updated vintage goods to high-end sneakers. Restaurants and bars are similarly diverse, meaning residents can score a deal on a happy hour pint or head out for a lavish date night when the mood strikes.

    Richmond itself, however, is tucked neatly away from the noise and excitement of Queen Street. Residents of Industrial Revolution I can therefore relax in the comfort of their lofts, only to venture out when they so desire.

    Transportation

    With both Bathurst and Queen Street just around the corner, these major arterial roads will come in great handy for travel to and from 676 Richmond West. Drivers can use these routes for travel in all four directions, while those using public transit will be glad to learn that service along each of these streets runs 24 hours a day.

    For travel beyond the neighbourhood, the Gardiner Expressway can be reached in minutes via the Spadina on ramp. As well, Union Station is a quick drive or ride on the TTC from Industrial Revolution I Lofts. From here, residents can travel onward using VIA Rail, GO Transit, or the UP service to Pearson International Airport.

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    Explore Queen West

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar lofts

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    18,483
    Average Individual Income
    $71,628
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $108,396
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    43%
    Semi Detached
    25%
    Detached
    24%
    Low Rise Apartment
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    Industrial Revolution I Lofts vs The Queen West Area

    Days on Strata

    Units at Industrial Revolution I Lofts spend an average of
    8
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these lofts sell for
    6%
    below
    the list price.

    Offer Competition

    Lofts in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Queen West

    Turnover of Units

    On average, each unit is owned for
    5.7
    YEARS before being sold again

    Property Value

    11%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    1
    Units were Sold over the past twelve months

    Rented Units

    3
    Units were Rented over the past twelve months

    Best Value Rank

    Industrial Revolution I Lofts offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    Industrial Revolution I Lofts has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    Industrial Revolution I Lofts yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    Industrial Revolution I Lofts is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 676 Richmond Street W

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$830,000No DataNo DataNo DataNo Data
    Avg. Cost Per Sqft$1,172No DataNo DataNo DataNo Data
    Avg. Wait for Unit Availability944 DaysNo DataNo Data1156 DaysNo Data
    Ratio of Units in Building12%12%30%42%6%

    Unit Sales vs Inventory

    Total number of units listed and sold in Queen West