The Woodsworth — Rental Market Data

The Woodsworth at 458 Richmond Street West holds three active listings as of August 31, 2026, with asking rents ranging from $2,200 to $2,295 per month, an average of $2,263 and a median of $2,295. The average suite measures 448 square feet at an asking rate of $5.14 per square foot. All three available units are one-bedroom layouts, accounting for 100 percent of current inventory, so the building's active supply is concentrated entirely in compact entry-level suites with no multi-bedroom executive options on the market.

The one-bedroom layout is the sole active tier at The Woodsworth, with all three listings representing 100 percent of available inventory. The three one-bedroom units average $2,263 per month across 448 square feet, translating to $5.14 per square foot, with individual suites ranging from 406 to 537 square feet. No two-bedroom, three-bedroom, or studio units are currently listed for lease.

The Woodsworth's three active listings span a $95 spread from a minimum asking rent of $2,200 per month to a peak of $2,295 per month, a 4.3 percent range. The median asking rent sits at $2,295 per month. The entry-level suite is a one-bedroom of 406 square feet priced at $5.42 per square foot, while the peak suite is also a one-bedroom but larger at 537 square feet and priced at $4.27 per square foot, meaning the higher-rent unit actually offers a lower per-square-foot rate due to its expanded footprint.

The Woodsworth does not have quantified den premium data; no active listings include a den configuration, so the marginal cost per square foot for additional den space cannot be calculated from current inventory. Parking stall premiums also cannot be reliably isolated from the three active listings due to an insufficient paired sample, and historical lease records do not provide a verified parking add-on benchmark for this building.

The Woodsworth's active asking rent of $2,263 per month is $817 below the Downtown West submarket average of $3,080, yet its $5.14 per square foot rate is 6.9 percent above the submarket asking benchmark of $4.81 per square foot. This divergence confirms that the building's lower monthly outlay stems from its compact 448-square-foot average suite size rather than a discount on unit pricing. The Woodsworth's three active listings represent approximately 1.8 percent of the 170 total active listings across the Downtown West submarket.

The Woodsworth's average closed-lease rent of $2,186 per month sits $198 below the four-comparable average of $2,384, making it the most affordable option in this Richmond Street cluster on a total-rent basis. Soho Condos at 477 Richmond St W (built 1993, 0.05 km) closed leases averaging $1,950 per month at $3.55 per square foot across 550 square feet; Fabrik at 435 Richmond St W (built 2016, 0.05 km) recorded $2,879 per month at $4.37 per square foot over 676 square feet; The Morgan at 438 Richmond St W (built 2002, 0.06 km) leased at $2,607 per month, $3.85 per square foot, and 693 square feet; and 475 Queen West (estimated 2026, 0.06 km) closed at $2,100 per month, $2.78 per square foot, and 756 square feet. The Woodsworth's $2,186 rent therefore undercuts Fabrik by $693 and The Morgan by $421, while running $86 above 475 Queen West and $236 above Soho Condos.

The Woodsworth leases at $4.47 per square foot across an average 493-square-foot suite, a rate that commands a premium over every nearby comparable on a per-square-foot basis while delivering the smallest interior footprint in the cluster. Against Soho Condos at $3.55 per square foot and 550 square feet, The Woodsworth trades at a $0.92-per-square-foot premium for 57 fewer interior square feet; versus Fabrik at $4.37 per square foot and 676 square feet, the premium narrows to $0.10 per square foot for 183 fewer square feet; compared with The Morgan at $3.85 per square foot and 693 square feet, the spread is $0.62 per square foot for 200 fewer square feet; and relative to 475 Queen West at $2.78 per square foot and 756 square feet, The Woodsworth carries a $1.69-per-square-foot premium for 263 fewer square feet. Renters choosing The Woodsworth accept a compact, efficiently laid-out one-bedroom in exchange for a lower absolute monthly rent than the larger-suite competitors, trading interior volume for a tighter budget and a 2022-built building with current-code finishes.

The Woodsworth offers a focused six-amenity package—concierge and security, gym and fitness centre, party and lounge room, meeting room, rooftop terrace, and BBQ area—that covers the core social and professional needs of a compact one-bedroom renter while remaining leaner than the broader suites at Fabrik and The Morgan. Where Soho Condos (477 Richmond St W) provides only concierge and a gym, The Woodsworth adds a dedicated party and lounge room, a meeting room, a rooftop terrace, and an outdoor BBQ area—four amenities the 1993 building simply does not offer. Against 475 Queen West, which features an outdoor pool and a garden courtyard but no BBQ area, The Woodsworth's rooftop terrace with integrated BBQ grills gives residents a more active outdoor social space. Fabrik at 435 Richmond St W and The Morgan at 438 Richmond St W both extend their amenity floors with yoga studios, media and theatre rooms, games and billiards rooms, dining rooms, and (at The Morgan) sauna and massage facilities—premium offerings The Woodsworth does not replicate. This streamlined profile best serves young professionals and small households who prioritize a walkable Richmond Street location, a functional rooftop for summer entertaining, and a professional meeting room for remote work, without paying the rent premium attached to the larger-suite, amenity-heavy competitors nearby.