trreb/IMG-C13834028_e5c86b8d-6460-4e19-90b1-4ac75d018c6e-l.jpg
3 hours on Market

505 Richmond St #424, Toronto, Ontario M5V 0P4

In the same building:
-
Condo
2
2
~700-799 sqft
$880,000
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Condo
2
2
~700-799 sqft

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Highlights

Property Estimate

Days on market3 hours

Estimated valueNot available

Price/Sqft$1,179/sqft

Monthly cost

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Description

Exceptional Loft Living at The Waterworks! This uber-cool suite is at one of King West's most coveted addresses. Suite 424 offers a rare combination of architectural character, sophisticated design, and an enviable downtown lifestyle. This bright two-bedroom, two full-bathroom suite comes with parking and a locker. One of only two floors in the building with soaring 10-foot ceilings, creating an impressive sense of volume and natural light. The highly efficient layout maximizes every square foot, with a seamless flow ideal for both everyday living and entertaining. The sophisticated kitchen features premium European appliances and a generous centre island. The primary suite offers two closets, including a walk-in, and a luxurious five-piece spa-inspired ensuite with signature Waterworks fixtures, a deep soaker tub, and a separate walk-in shower with a rain showerhead. Custom blackout blinds and sleek display shelving add comfort and style. A large south-facing balcony overlooks the landscaped courtyard and cityscape, while the newly redesigned St. Andrew's Playground Park enhances the setting. Residents enjoy a brand-new YMCA within the building and the vibrant Waterworks Food Hall, offering an exciting selection of cuisines made with fresh, local ingredients. World-class shopping, dining, entertainment, and transit are all at your doorstep. Recognized with the 2025 Toronto Urban Design Award in conjunction with St. Andrew's Playground Park, Waterworks is a landmark address celebrated for its architecture and community impact. This meticulously maintained, move-in-ready suite offers elevated loft living in the heart of King West. Sophisticated, stylish, and exceptionally located-an extraordinary opportunity at The Waterworks.


Property Details

StyleApartment
ViewCity, Downtown, Park/Greenbelt, Trees/Woods
Age of property-
SqFt~700-799 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberC13834028
Community NameEntertainment District
Data SourceTRREB
Listing byCHESTNUT PARK REAL ESTATE LIMITED

Features

Heating: Forced Air
Cooling: Central Air

Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


4Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Sep 28, 2026
ListedActive
$880,000
3 hours on market
history photo preview38
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

40 days

Compared to

2025

42 days

2024

34 days

2023

24 days

New Listings

Past 30 days

180 listings

Compared to

2025

188 listings

2024

179 listings

2023

215 listings

Units sold

Past 30 days

59 units

Compared to

2025

65 units

2024

57 units

2023

54 units

Median Sold Price

Past 30 days

$600,000

Compared to

2025

$640,000

2024

$637,000

2023

$700,000


Population and Demographics

Overview

Total population 32132
Average household income $172,021

Age (%)

0 to 19
7%
20 to 34
57%
35 to 49
22%
50 to 64
9%
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