Indoor foyer, wood floors for 505 Richmond St #1201, Toronto Ontario M5V 0P4
37 days on Market

505 Richmond St #1201, Toronto, Ontario M5V 0P4

In the same building:
-
Condo
1 + 1
1
~700-799 sqft
$895,000
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Condo
1 + 1
1
~700-799 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$1,199/sqft

Est. Mortgage$3,844/mo

Maintenance fees$712/mo

Tax Amount (2024)$3,650/yr

Days On Market37 days


Description

Own a Sought After Piece Of Toronto's History In The Waterworks Building. 1930's Utility Building Converted Into A Boutique Condominium Sits Conveniently Between King West And Queen West and Is Steps To Downtown's Finest Dining, Shopping and All other Amenities. This unit has it all, ++Parking++, City Views including the CN Tower and the Coolest Lobby Vibe in Town. Open Concept Floor plan with Glass Bedroom wall for Extra Light. Modern Kitchen with Integrated Cabinet Appliances, Centre Island, High Ceilings, Pot Lights and a Large Den with sliding door can serve as an Office Space or Small Bedroom. Private, Single & South Facing Balcony. Walk to Waterworks Foodhall and all things Toronto!


Property Details

StyleApartment
View-
Age of property0-5
SqFt~700-799 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberC10429884
Community NameEntertainment District
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Forced Air
Cooling: Central Air

Flat Floor

Living

3.60 x 3.26

W/O To Balcony / South View / Open Concept

Kitchen

3.20 x 3.10

Centre Island / Modern Kitchen

Prim Bdrm

3.12 x 2.68

5 Pc Ensuite / Closet

Den

3.56 x 1.90

Sliding Doors


Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


12Story
Elevator
Amenities

Concierge, Gym, Party/Meeting Room

Inclusions
Hydro
Water
Parking
Cable
Heat

Property listed by ROYAL LEPAGE SIGNATURE REALTY, Brokerage

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Market Data - Entertainment District

Strong Buyer's Market

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

47 days

Compared to

2023

39 days

2022

26 days

2021

25 days

New Listings

Past 30 days

386 listings

Compared to

2023

311 listings

2022

214 listings

2021

116 listings

Units sold

Past 30 days

42 units

Compared to

2023

54 units

2022

39 units

2021

100 units

Median Sold Price

Past 30 days

$641,500

Compared to

2023

$662,250

2022

$710,000

2021

$750,500


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