Contemporary kitchen, unknown for 505 Richmond St #612, Toronto Ontario M5V 0P4
1 day on Market

505 Richmond St #612, Toronto, Ontario M5V 0P4

In the same building:
-
Condo
2
2
~800-899 sqft
$1,295,000
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$12,950Cashback
Condo
2
2
~800-899 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$1,529/sqft

Monthly cost

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+57

Properties sold*

$637K

Median sold price*

*Based on last 30 days

Description

The Waterworks building, by now, hardly needs any introduction... impeccably built, award-winning, well run and vibrant. This particular suite began as a two-bedroom layout and has been thoughtfully converted into a one-bedroom, resulting in an extraordinary sense of space and flow. The simple edit elevates the home into something unique: a residence with sweeping skyline and charming city views, paired with a generous corner balcony that extends the living outdoors. With meticulously upgraded lighting, kitchen cabinetry and custom wardrobes, double layered window treatments all allow to personalize the level of lighting and privacy to one's mood. The Signature 1.5 bathroom is smartly laid out to provide privacy when entertaining or when there is more than one occupant in the household. The option to convert back to a two bedroom is available and can be easily done. Tasteful and beautiful local custom wood furniture combined with pieces from Danish design houses such as &Tradition and Audo (formerly Menu) can be all available for purchase. Vibrant Food Hall and patios, event spaces, flower shop, Susur Lee's restaurant, and now open YMCA with a pool, are right at the door. Surrounded by the Health and Wellness corridor and Ace hotel and many many more amenities, dining, shopping, and cultural experiences just beyond. Situated in one of downtown Toronto's most walkable neighbourhoods, this home offers an unmatched balance of privacy, community and connection to the city's best.The building, alone, has its own well equipped private gym, a stylish lounge/party room for private events, fantastic management and lively social events for residents. Also a spectacular rooftop with barbecues that hosts a summer cinema series.


Property Details

StyleApartment
View-
Age of property0-5
SqFt~800-899 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberC12377272
Community NameEntertainment District
Data SourceTRREB
Listing byROYAL LEPAGE YOUR COMMUNITY REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Living

4.14 x 3.65

Centre Island / Ceramic Back Splash

Dining

4.07 x 2.4

Large Window / Open Concept

Kitchen

4.6 x 3.77

Open Concept / Balcony

Br

3.78 x 3.06

Large Window / Semi Ensuite / B/I Closet


Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


6Story
Elevator
Amenities

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

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Sep 3, 2025
ListedActive
$1,295,000
1 day on market
history photo preview46
Listing by trreb®

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

42 days

Compared to

2024

34 days

2023

24 days

2022

27 days

New Listings

Past 30 days

188 listings

Compared to

2024

179 listings

2023

215 listings

2022

157 listings

Units sold

Past 30 days

57 units

Compared to

2024

57 units

2023

54 units

2022

86 units

Median Sold Price

Past 30 days

$640,000

Compared to

2024

$637,000

2023

$700,000

2022

$747,500


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