8 hours on Market

505 Richmond St #714, Toronto, Ontario M5V 0P4

In the same building:
-
Condo
2
2
~800-899 sqft
$974,900
Get pre-qualifiedPowered by nesto
Condo
2
2
~800-899 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market8 hours

Estimated valueNot available

Price/Sqft$1,151/sqft

Monthly cost

Open Calculator

Description

Rare opportunity to own an exceptional residence in the iconic Waterworks Residences, where timeless heritage architecture meets sophisticated modern luxury. This beautifully appointed two-bedroom suite showcases elegant finishes, soaring 9-foot ceilings, and an abundance of natural light streaming through an impressive wall of floor-to-ceiling windows, creating a bright and inviting atmosphere throughout.Designed with both style and functionality in mind, the thoughtfully crafted open-concept layout flows effortlessly from room to room, maximizing both comfort and everyday living. The contemporary kitchen is a chef's dream, featuring integrated appliances, a generous centre island with ample workspace, and abundant counter space for cooking, entertaining, and gathering with family and friends. Step outside to your spacious private balcony-an ideal extension of your living space and the perfect setting to relax, unwind, or entertain while enjoying the vibrant downtown surroundings. Residents of Waterworks enjoy an unparalleled lifestyle with access to premium amenities, including a state-of-the-art YMCA fitness facility, spectacular rooftop amenities, and the renowned Waterworks Food Hall. Perfectly positioned in the heart of downtown Toronto, you're just steps from the boutiques, acclaimed restaurants, cafés, and nightlife of Queen West and King West, with the Financial District, transit, and countless urban conveniences only moments away. *Some Photos Have Been Virtually Staged*


Property Details

StyleApartment
View-
Age of property-
SqFt~800-899 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberC13609720
Community NameEntertainment District
Data SourceTRREB
Listing byUNION CAPITAL REALTY

Features

Heating: Forced Air
Cooling: Central Air

Features

Patio: Open
Balcony: Open

7Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Jul 27, 2026
ListedActive
$974,900
8 hours on market
history photo preview23
Listing by trreb®
Property listed by UNION CAPITAL REALTY, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

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

46 days

Compared to

2025

31 days

2024

29 days

2023

19 days

New Listings

Past 30 days

191 listings

Compared to

2025

271 listings

2024

291 listings

2023

241 listings

Units sold

Past 30 days

64 units

Compared to

2025

57 units

2024

71 units

2023

76 units

Median Sold Price

Past 30 days

$635,694

Compared to

2025

$610,000

2024

$700,000

2023

$750,000


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