1 day on Market

505 Richmond St #527, Toronto, Ontario M5V 0P4

In the same building:
-
Condo
2
2
~1000-1199 sqft
$1,399,000
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Condo
2
2
~1000-1199 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$1,283/sqft

Monthly cost

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Description

Award-winning Waterworks, a premier and highly sought-after condominium in the heart of Queen & Spadina, offers an exceptional combination of style, location, and lifestyle. Suite 527 is a bright two-bedroom corner suite featuring a highly efficient layout with no wasted space, ideal for both everyday living and entertaining. Southwest-facing windows provide natural light and frame stunning city views, creating a warm and inviting atmosphere throughout.The original owner invested over $100,000 in high-end upgrades, ensuring premium finishes and meticulous attention to detail. The spacious, well-appointed kitchen includes a pantry and large storage cabinet, perfect for organization. Additional storage is abundant, with a walk-in hall closet, while the private balcony overlooks the stunning, newly redesigned St. Andrews Playground Park. Waterworks offers an unbeatable lifestyle. Residents enjoy the convenience of a brand-new YMCA in the building, plus access to the vibrant Waterworks Food Hall, featuring fresh, local ingredients and a variety of cuisines just steps from your door. With world-class shopping, dining, and entertainment nearby, plus excellent transit connections, this location brings downtown Toronto to your doorstep. Meticulously maintained and move-in ready, this suite is part of a landmark building recognized with the 2025 Toronto Urban Design Award in conjunction with St. Andrews Playground Park, reflecting both outstanding architecture and a commitment to community.This suite presents a rare opportunity to live in a bright, fully upgraded, and elegant home in one of Toronto's most coveted buildings. Move in and enjoy the ultimate combination of comfort, convenience, and urban sophistication.


Property Details

StyleApartment
View-
Age of property0-5
SqFt~1000-1199 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberC12770516
Community NameEntertainment District
Data SourceTRREB
Listing byCHESTNUT PARK REAL ESTATE LIMITED

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Living

7.09 x 3.48

Open Concept / Combined W/Living / W/O To Balcony

Kitchen

4.09 x 3.91

Stone Counter / Centre Island / Pantry

Dining

7.09 x 3.48

Open Concept / Combined W/Living / Window Flr to Ceil

Primary

3.58 x 3.28

4 Pc Ensuite / W/I Closet / Window Flr to Ceil


Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


5Story
Amenities

Concierge, Gym, Bike Storage, Party/Meeting Room, Visitor Parking

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Feb 9, 2026
ListedActive
$1,399,000
1 day on market
history photo preview37
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

50 days

Compared to

2025

44 days

2024

41 days

2023

31 days

New Listings

Past 30 days

191 listings

Compared to

2025

255 listings

2024

186 listings

2023

153 listings

Units sold

Past 30 days

40 units

Compared to

2025

35 units

2024

57 units

2023

37 units

Median Sold Price

Past 30 days

$612,500

Compared to

2025

$679,000

2024

$705,000

2023

$678,000


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