About Studio On Richmond
Studio On Richmond is a 31-storey high-rise condo developed by Aspen Ridge Homes with 333 units in Toronto's Waterfront Communities. Located at M5V 0H4, the building offers a wide range of unit sizes and price points, with current listings ranging from around $515,000 to $3.1 million. It's a mature residential tower that attracts both owner-occupants and investors looking for waterfront proximity and downtown access.
The building sits in one of Toronto's most connected neighbourhoods, steps from the St. Lawrence Market area and Distillery District. The Waterfront Communities offer lakeside parks, cultural venues, and excellent transit connections including the Distillery Loop streetcar and nearby subway access. This location suits professionals, young families, and renters who want walkable urban living with quick access to the Financial District and Entertainment District.
Building amenities
gym
green roof
indoor party room
outdoor party room
BBQ area
lounge
art gallery
Frequently asked questions
What type of building is Studio On Richmond?
Studio On Richmond is a 31-storey high-rise residential tower containing 333 units. Developed by Aspen Ridge Homes, the building is designed as a full-service residential community within the Waterfront Communities neighbourhood. The building includes a range of resident amenities, including a gym, green roof, indoor and outdoor party rooms, a BBQ area, a lounge, and an art gallery. Current active listings show a mix of unit types, with an average size around 845 square feet and an average of 2 bedrooms. The building's scale and amenity offerings make it attractive to a diverse resident base, from first-time buyers to downsizers and rental investors.
What's the neighbourhood like around Studio On Richmond?
Studio On Richmond is located in the Waterfront Communities C1 area, one of Toronto's most dynamic neighbourhoods. The building is within walking distance of the St. Lawrence Market, a historic public market and community hub, as well as the Distillery District, known for galleries, shops, and restaurants. The area has direct access to Toronto's waterfront, with parks and public spaces along the lake. Transit is excellent: the Distillery Loop streetcar line serves the neighbourhood, and the King and Queen streetcar lines are nearby. The St. Lawrence and Distillery community offers a blend of heritage character, contemporary development, and genuine neighbourhood amenities. It's an increasingly popular choice for people who want urban density without sacrificing walkability and access to open space.
What should buyers and renters know about this building?
Studio On Richmond's current market shows substantial range: listings span from around $515,000 to over $3 million, reflecting the variety of unit types and sizes available. The average unit is approximately 845 square feet, and most listings feature 2 bedrooms on average, though the building likely contains a mix of one- and two-bedroom layouts. For renters, the monthly cost averages around $2,820. Before purchasing or renting, it's worth understanding the building's maintenance fee structure, which you should request from your real estate agent or the building's property management. Ask about pet policies, parking availability and cost, and any upcoming capital improvements. The building's location near the water and market district appeals to people seeking walkable neighbourhood living, but proximity to major attractions also means the area can be busier during evenings and weekends. Visit the building at different times of day to understand the flow of foot traffic and neighbourhood vibe.