1 day on Market

505 Richmond St #729, Toronto, Ontario M5V 1Y3

In the same building:
-
Condo
2
2
~700-799 sqft
$819,900
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Condo
2
2
~700-799 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$1,099/sqft

Monthly cost

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Description

LOCATION, LOCATION, LOCATION - Ideal spot in the Fashion District - Accessible but not busy - Steps from Kensington Market - 2 minute walk to some of the best food in the city (Michelin guide). PLEASE CHECK OUR DEDICATED WEBSITE IN THE MEDIA SECTION BELOW - THE UNIT - Overlooking a courtyard, cozy and quiet - 9 ft ceilings - Bright living room with floor-to-ceiling windows - 2 bedrooms (walk-in closet in the master bedroom) - 2 upscale bathrooms (master bathroom has heated floors) - Upscale kitchen with stone countertop, backsplash, island and state-of-the-art miele appliances - Smart home features: motorized window shades, smart light switches, latest Google Nest learning thermostat - Fiber optic multigigabit internet directly to the unit. THE CONDO (WATERWORKS RESIDENCES) - Winner of multiple awards, including the Toronto Urban Design Award - Posh entrance hall with 24/7 security - Large lounge and party room accommodating up to 50 people, including a walkout terrace - Large gym with a wide variety of equipment - Garden rooftop with picnic area (tables, bbq etc.) and breathtaking views of the Toronto skyline - Doggy spa. THE BUILDING - YMCA fitness facility with a 25 m swimming pool, full sized gym with recreational sports programs (basketball, pickle ball etc.), dedicated studios for totalfit, bootcamp, musclefit, and yoga classes - Waterworks Food Hall with 6 bars, 19 restaurants, and an event space hosting social and art events - Underground visitor parking - Top 30 of Toronto restaurant by legendary chef Susur Lee. ST.ANDREW'S PARK - Rare green oasis with mature trees hugging the building walls - Working and picnicking area with tables, chairs, and loungers - Brand new children's playground - Puppy play area. SEE https://505richmond.com FOR MORE PHOTOS, SPECS, AND A FULL VIRTUAL TOUR *Note: Some photos have been virtually staged*


Property Details

StyleApartment
View-
Age of property-
SqFt~700-799 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberC13667290
Community NameEntertainment District
Data SourceTRREB
Listing byToronto Real Estate Realty Plus Inc

Features

Heating: Forced Air
Cooling: Central Air

Flat Floor

2nd Br

2.37 x 2.66

Laminate / Sliding Doors / Closet

Kitchen

6.48 x 3.58

Laminate / Stone Counter / Combined W/Living

Living

0.0 x 0.0

Laminate / Pot Lights / Sw View

Primary

2.82 x 3.5

Laminate / W/I Closet / 4 Pc Ensuite


Features

Patio: Jlte
Balcony: Jlte

7Story
Amenities

Bike Storage, Community BBQ, Gym, Party/Meeting Room, Rooftop Deck/Garden, Visitor Parking

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Aug 12, 2026
ListedActive
$819,900
1 day on market
history photo preview22
Listing by trreb®
Property listed by Toronto Real Estate Realty Plus Inc, 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

41 days

Compared to

2025

45 days

2024

33 days

2023

22 days

New Listings

Past 30 days

177 listings

Compared to

2025

219 listings

2024

276 listings

2023

197 listings

Units sold

Past 30 days

52 units

Compared to

2025

57 units

2024

63 units

2023

74 units

Median Sold Price

Past 30 days

$602,500

Compared to

2025

$645,000

2024

$690,000

2023

$790,000


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