$849,000
505 Richmond Street W 424, Toronto, ON M5V 0P4
Waterfront Communities C1 · Toronto · M5V 0P4
Listing brokerage: CHESTNUT PARK REAL ESTATE LIMITED
- Beds
- 2
- Baths
- 2
- Sq ft
- 700–799
- Parking
- 1
Monthly costs
Maintenance
$759/mo
$1.01 per sq ft
Property taxes
$352/mo
$4,220 a year (2025)
About $1,111 a month in fees and taxes, before the mortgage.
The fee covers
- Covered: Heat
- Covered: Air conditioning
- Covered: Common Elements
- Covered: Building Insurance
- Not covered: Hydro
- Not covered: Water
Bills not covered are paid by the owner.
For investors: Likely not rent controlled: no cap on the yearly increase for units first lived in after Nov 15, 2018. Ontario rules
The unit
- Exposure
- West
- Parking
- 1 spot · Underground
- Locker
- Owned
- Balcony
- Open
- Laundry
- Ensuite
- Possession
- TBA
The building
WaterWorks Toronto
505 Richmond St W · Queen West
- 4 for sale
- 13 floors
- 290 suites
About this home
Exceptional Loft Living at The Waterworks! This uber-cool suite is at one of King West's most coveted addresses. Suite 424 offers a rare combination of architectural character, sophisticated design, and an enviable downtown lifestyle. This bright two-bedroom, two full-bathroom suite comes with parking and a locker. One of only two floors in the building, with soaring 10-foot ceilings, creating an impressive sense of volume and natural light. The highly efficient layout maximizes every square foot, with a seamless flow ideal for both everyday living and entertaining. The sophisticated kitchen features premium European appliances and a generous centre island. The primary suite offers two closets, including a walk-in, and a luxurious five-piece spa-inspired ensuite with signature Waterworks fixtures, a deep soaker tub, and a separate walk-in shower with a rain showerhead. Custom blackout blinds and sleek display shelving add comfort and style. A large south-facing balcony overlooks the landscaped courtyard and cityscape, while the newly redesigned St. Andrew's Playground Park enhances the setting. Residents enjoy a brand-new YMCA within the building and the vibrant Waterworks Food Hall, offering an exciting selection of cuisines made with fresh, local ingredients. World-class shopping, dining, entertainment, and transit are all at your doorstep. Recognized with the 2025 Toronto Urban Design Award in conjunction with St. Andrew's Playground Park, Waterworks is a landmark address celebrated for its architecture and community impact. This meticulously maintained, move-in-ready suite offers elevated loft living in the heart of King West. Sophisticated, stylish, and exceptionally located-an extraordinary opportunity at The Waterworks.
All details24 more from the listing · Interior, Building, Heating, Parking, Exterior, Taxes, Listing
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 5
- Size
- 700-799 sq ft
Features
- Built-In Oven
Building & Amenities
- Floor
- 4
- Property management
- ICC Property Management 416-366-7125
Heating & Cooling
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
Parking
- Covered spaces
- 1
Exterior & Lot
- Style
- Apartment
- Exterior
- Brick
- View
- City, Downtown, Park/Greenbelt, Trees/Woods
Exterior features
- Built-In-BBQ
- Landscaped
- Lighting
Taxes & Fees
- HST
- Included In
Listing
- MLS® number
- C13834028
- Type
- Condo Apartment
- Transaction
- For Sale
- Original price
- $880,000
- Neighbourhood
- Waterfront Communities C1
- Cross streets
- Portland St & Richmond St W
Rooms · 2Washroom ×2
4-piece washroom
Main
4-piece washroom
Main
History
Past listings and sales for this home and building.
Location
505 Richmond Street W 424, Toronto, ON M5V 0P4 · Near Portland St & Richmond St W
Monthly cost
Estimated monthly cost
$4,870/mo
- Mortgage
- $3,759
- Property tax
- $352
- Maintenance
- $759
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$199,209
$169,800 down + $29,409 to $30,659 in closing costs
- Ontario land transfer tax
- $13,455
- Toronto land transfer tax
- $13,455
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Status certificate
- $100
- Property tax adjustment
- $208
- Condo fee adjustment
- $441
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
Other homes in WaterWorks Toronto
4
$975,000
Unit 25
2 bd · 2 ba · 700-799 sq ft
Listing brokerage: ZOLO REALTY
$635,000
Unit 708
1 bd · 1 ba · 500-599 sq ft
Listing brokerage: BOSLEY REAL ESTATE LTD.
$839,900
Unit 714
2 bd · 2 ba · 800-899 sq ft
Listing brokerage: UNION CAPITAL REALTY
$100,000
Unit Parking
Studio · 0 ba
Listing brokerage: MARQUIS REAL ESTATE CORPORATION
The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
$849,000
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