5 days on Market

505 Richmond St #1303, Toronto, Ontario M5V 0P4

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

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Highlights

Estimated ValueNot available

Price/Sqft$1,329/sqft

Est. Mortgage$6,223/mo

Maintenance fees$923/mo

Tax Amount (2024)$6,495/yr

Days On Market5 days


Description

Perched atop the award-winning Waterworks Building, this stunning penthouse-level corner suite offers over 1,000 square feet of meticulously designed interior space, paired with an expansive private terrace that captures the most unforgettable west-facing sunsets in the heart of King West. This intelligently designed split two-bedroom, two bathroom layout is anchored by soaring 10-foot ceilings and full-height west-facing windows in every principal room, flooding the space with natural light. Wide-plank hardwood flooring runs seamlessly throughout, complemented by custom lighting, elegant pot lights, and a sleek gas fireplace that creates an inviting ambiance for both entertaining and everyday living. The heart of the home is the chefs kitchen, centred around an oversized island with integrated wine fridge. Top-tier 30 appliances are seamlessly built in, while custom cabinetry and a pantry offer ample and refined storage solutions. The open-concept living and dining areas enjoy direct access to the private 320 square foot terrace, offering gas line for bbq, and sweeping views over treetops and the city beyond. The king-sized primary bedroom is a true retreat, complete with motorized blackout blinds, a walk-in closet outfitted with custom organizers, and a spa-inspired five-piece ensuite featuring a deep soaker tub and double vanity. The second bedroom, currently utilized as a home office, also features motorized blinds, dual closets, and easy access to a stylish three-piece bath, making it ideal for guests or shared living. Additional upgrades include custom millwork, custom lighting, automated window coverings throughout, and secure underground parking with EV charging capability. A full-size locker located on the same level as the parking space offers added convenience. With its unmatched layout, premium finishes, and a rare terrace oasis, this penthouse at Waterworks is a rare opportunity to enjoy sophisticated urban living.


Property Details

StyleApartment
View-
Age of property-
SqFt~1000-1199 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberC12179943
Community NameEntertainment District
Data SourceTRREB
Listing byCHESTNUT PARK REAL ESTATE LIMITED

Features

Heating: Forced Air
Cooling: Central Air
Fireplace

Main Floor

Living

3.78 x 3.3

W/O To Terrace / Fireplace / hardwood floor

Dining

3.14 x 3.3

Pot Lights / West View / hardwood floor

Kitchen

5.84 x 3.09

Centre Island / B/I Appliances / hardwood floor

Primary

3.17 x 3.7

5 Pc Ensuite / W/I Closet / hardwood floor


Features

Patio: Terr
Balcony: Terr

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


13Story
Amenities

Bbqs Allowed, Visitor Parking, Rooftop Deck/Garden, Outdoor Pool, Concierge, Gym

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

May 29, 2025
ListedActive
$1,449,000
5 days on market
history photo preview35
Listing by trreb®
Property listed by CHESTNUT PARK REAL ESTATE LIMITED, 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

35 days

Compared to

2024

25 days

2023

22 days

2022

14 days

New Listings

Past 30 days

305 listings

Compared to

2024

324 listings

2023

229 listings

2022

270 listings

Units sold

Past 30 days

45 units

Compared to

2024

76 units

2023

110 units

2022

95 units

Median Sold Price

Past 30 days

$630,000

Compared to

2024

$689,500

2023

$760,000

2022

$750,000


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%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget