1 day on Market

505 Richmond St #1007, Toronto, Ontario M5V 0P4

In the same building:
-
Condo
2 + 1
2
~1000-1199 sqft
$1,449,000
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Condo
2 + 1
2
~1000-1199 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$1,329/sqft

Est. Mortgage$6,223/mo

Maintenance fees$939/mo

Tax Amount (2024)$5,528/yr

Days On Market1 day


Description

Live in Urban Luxury at Waterworks Condos Where Historic Charm Meets Contemporary Modern Design. Welcome To a Rare West-Facing, Split Floor Plan 2 Bedroom Plus Den, 2 Bathroom Suite Spanning Over 1000 SqFt, This Unit Offers Both Space And Sophistication In The Heart of King West. Step Into a Chef's Kitchen Featuring An Extra Large Island, Sleek Cabinetry, Integrated Appliances, Including a Wine Fridge, and Extra Pantry Storage. The Open-Concept Living and Dining Area is Flooded With Natural Light Through Expansive Floor To Ceiling Windows And 9-10' Ceilings. The Living Room Leads To a 128 Sq Ft Terrace Complete W A Water Source And Natural Gas Hook-Up, One Of The Few Units To Allow for Your Own Private BBQ. Spacious Primary Suite W Separate Den, His/Her Closets And Spa Like Ensuite Bath W Separate Shower & Bath. The Airy Second Bedroom Has Full Size Closet and Ample Windows. Loads of Storage in Both The Large Ensuite Laundry Room and Extremely Rare Locker Room (Not Cage) Approx 78 Sq Ft. Upgraded EV Parking Spot Included, Another Rare Find In Waterworks. Many Other Upgrades Including Window Coverings W Remote Controls, Custom Cabinetry In Closets, Upgraded Lighting, And Much More. Waterworks Offers Top-Tier Amenities Including: Rooftop Terrace With Lounge and BBQs, Fully Equipped Fitness Centre, Event and Co-working Spaces, Pet Friendly Spaces and Pet Spa, Concierge, Direct Access to a European-Style Food Hall and The Upcoming New YMCA. The Location Can't Be Beat: Steps from Queen West Shops, The Best of King Street Restaurants, Trinity Bellwoods Park, and The Financial District, This is Urban Living Redefined.


Property Details

StyleApartment
ViewCity, Clear
Age of property0-5
SqFt~1000-1199 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberC12098431
Community NameEntertainment District
Data SourceTRREB
Listing byPSR

Features

Heating: Forced Air
Cooling: Central Air
Basement: Other, None

Main Floor

Laundry

1.6 x 1.4

Kitchen

3.6 x 2.3

Dining

4.5 x 2.7

Living

3.3 x 3.4


Features

Patio: Terr
Balcony: Terr

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


10Story
Elevator
Amenities

Bbqs Allowed, Bike Storage, Concierge, Gym, Party/Meeting Room, Rooftop Deck/Garden

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Apr 23, 2025
ListedActive
$1,449,000
1 day on market
history photo preview49
Listing by trreb®
Property listed by PSR, Brokerage

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Market Data - Entertainment District

Geo Zone Map ThumbnailEntertainment District

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

32 days

Compared to

2024

31 days

2023

22 days

2022

9 days

New Listings

Past 30 days

288 listings

Compared to

2024

257 listings

2023

188 listings

2022

240 listings

Units sold

Past 30 days

58 units

Compared to

2024

87 units

2023

86 units

2022

152 units

Median Sold Price

Past 30 days

$715,000

Compared to

2024

$715,000

2023

$727,000

2022

$831,900


Population and Demographics

Overview

Total population 32132
Average household income $172,021

Age (%)

20 to 34
57%
35 to 49
22%
50 to 64
9%
0 to 19
7%
65 and plus
5%

Household composition (%)

Single person
57%
Single family
32%
Multi person
11%
Multi family
0%

Mother tongue (%)

English
63%
Mandarin
10%
Yue (Cantonese)
4%
Spanish
3%
French
3%
Russian
2%
Arabic
2%
Hindi
2%
Korean
1%
Iranian Persian
1%
Others
1%

House tenancy (%)

Renters
61%
Owners
39%

Schools and amenities

Estimated Budget