Sold conditionally
5 days on Market

505 Richmond St #821, Toronto, Ontario M5V 0P4

Condo
1
1
~700-799 sqft
$899,000
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Condo
1
1
~700-799 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$1,205/sqft

Est. Mortgage$3,861/mo

Maintenance fees$755/mo

Tax Amount (2024)$4,420/yr

Days On Market5 days


Description

Coveted Corner Unit in the Award-Winning Waterworks Building! Welcome to Waterworks, a stunning heritage conversion in Toronto's vibrant Queen West/Entertainment District! This bright and spacious 1-bedroom corner unit boasts a highly functional layout, floor-to-ceiling windows, and a covered balcony with sweeping views. The thoughtfully designed 4-piece bathroom includes a sliding door, allowing you to create a separate powder room when guests visit - offering both style and convenience. Enjoy world-class amenities, including a gym, lounge, pet spa and rooftop deck with BBQs. Plus, enjoy direct underground access to the Waterworks Food Hall and a soon-to-open YMCA with indoor pool. Next to St. Andrews Park & dog park, and steps from restaurants, nightlife, transit, and more - this is downtown living at its finest.


Property Details

Style-
View-
Age of property-
SqFt~700-799 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberC11989194
Community NameEntertainment District
Data SourceTRREB
Listing byCHESTNUT PARK REAL ESTATE LIMITED

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Br

4.93 x 3.33

W/I Closet / Closet Organizers / Window Flr to Ceil

Living

3.40 x 2.90

B/I Shelves / W/O To Balcony / Combined W/Dining

Kitchen

4.19 x 4.01

B/I Appliances / B/I Shelves / Pantry

Dining

3.40 x 2.90

B/I Shelves / Combined W/Living


Features

Patio: Open
Balcony: Open

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


8Story
Amenities

Concierge, Gym, Party/Meeting Room, Rooftop Deck/Garden, Community BBQ

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Feb 26, 2025
ListedActive
$899,000
5 days on market
history photo preview40
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

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

30 days

Compared to

2024

31 days

2023

30 days

2022

11 days

New Listings

Past 30 days

478 listings

Compared to

2024

378 listings

2023

219 listings

2022

113 listings

Units sold

Past 30 days

37 units

Compared to

2024

64 units

2023

80 units

2022

154 units

Median Sold Price

Past 30 days

$700,000

Compared to

2024

$718,500

2023

$688,750

2022

$785,000


Population and Demographics

Overview

Total population 32132
Average household income $172,021

Age (%)

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

Schools and amenities

Estimated Budget