1303 - 505 Richmond Street W

Nestled in the prestigious Waterworks Building at 505 Richmond Street W, Toronto, this exceptional apartment for sale in Toronto is a true gem. This stunning penthouse-level corner suite boasts over 1,000 square feet of meticulously designed interior space, complemented by an expansive private terrace that captures the most breathtaking west-facing sunsets. Located in the vibrant community of Waterfront Communities C1, this apartment is perfectly situated in the heart of King West, offering a unique blend of urban sophistication and serene living.

This intelligently designed split two-bedroom, two-bathroom layout is anchored by soaring 10-foot ceilings and full-height west-facing windows in every principal room, allowing natural light to flood the space. The wide-plank hardwood flooring runs seamlessly throughout the apartment, adding a touch of elegance. Custom lighting and sophisticated pot lights enhance the ambiance, while a sleek gas fireplace creates a warm and inviting atmosphere, perfect for both entertaining guests and enjoying everyday life.

At the heart of this apartment for sale in Toronto lies the chef's kitchen, which is centred around an oversized island complete with an integrated wine fridge. Top-tier appliances, including 30-inch built-in units, are seamlessly integrated into the custom cabinetry, ensuring both style and functionality. The pantry offers ample storage solutions, making this kitchen a culinary enthusiast's dream. The open-concept living and dining areas provide direct access to the private 320 square foot terrace, which features a gas line for barbecuing and sweeping views over the treetops and the city skyline.

The king-sized primary bedroom is a true sanctuary, complete with motorised blackout blinds for optimal privacy and comfort. The walk-in closet is outfitted with custom organisers, ensuring that all your belongings are neatly stored. The spa-inspired five-piece ensuite bathroom is a highlight, featuring a deep soaker tub and a double vanity, creating a luxurious retreat within your own home.

The second bedroom, currently utilised as a home office, also benefits from motorised blinds and dual closets, making it an ideal space for guests or shared living. This thoughtfully designed layout ensures that both bedrooms are well-appointed and functional. The stylish three-piece bathroom nearby adds convenience and elegance, further enhancing the appeal of this apartment for sale in Toronto.

In addition to its impressive features, this property includes several upgrades that elevate its desirability. Custom millwork and automated window coverings throughout the suite provide a modern touch, while secure underground parking with EV charging capability adds practicality for the environmentally conscious homeowner. A full-size locker located on the same level as the parking space offers added convenience, ensuring that all your storage needs are met.

This apartment for sale in Toronto is not just a home; it is a lifestyle choice that embraces sophisticated urban living. With its unmatched layout, premium finishes, and the rare opportunity to enjoy a terrace oasis, this penthouse at Waterworks is a unique offering in the competitive Toronto real estate market.

If you are seeking an exceptional living experience in the heart of Toronto, look no further than this remarkable apartment for sale in Toronto. With its prime location at 505 Richmond Street W, Toronto, and its exquisite design, this property is poised to impress even the most discerning buyers. Don't miss the chance to make this stunning penthouse your new home.

Waterfront Communities C1 is a vibrant and dynamic area nestled along the shores of Lake Ontario in Toronto, offering a unique blend of urban living and natural beauty. This community is characterised by its stunning waterfront parks, modern high-rise condominiums, and a lively promenade that invites residents to enjoy outdoor activities and scenic views. With a rich array of amenities, including trendy restaurants, shops, and cultural attractions, Waterfront Communities C1 is perfect for those seeking a cosmopolitan lifestyle infused with the charm of lakeside living. The area is well-connected by public transport, making it easy to explore the rest of Toronto, while its picturesque surroundings provide a serene escape from the hustle and bustle of city life.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within just 0.2 km, you will find ALPHA Alternative Junior School, a public school offering grades JK to 6. A short distance away at 0.5 km, the Downtown Vocal Music Academy caters to students in grades 4 to 8, while Ryerson Community School, also 0.5 km away, provides a French-language curriculum for grades JK to 8 and boasts a commendable school rating of 4.6. St. Mary Catholic School, located 0.4 km from the property, offers an English and French curriculum for grades JK to 8 and has a solid rating of 5.9. For high school options, Kapapamahchakwew - Wandering Spirit School is 1.9 km away, serving grades 9 to 12, and St. Joseph's College School, located 2.1 km away, has a rating of 7.2. This diverse array of nearby schools, including both public and Catholic options, ensures that families have access to quality education in various languages, catering to a range of academic needs and preferences.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small, vibrant community with a population of 2,262 residents as of 2021. The average household size is 1.5, indicating a predominance of individuals or small families, with a significant 61.68% of the population identifying as single. The average age is 37.3 years, suggesting a relatively young demographic. The average household income stands at $119,400, though 15.1% of residents fall under the low-income bracket. Housing in the area is characterized by a high average price of $864,000, with 75.35% of the residences being condominiums. A notable 58.33% of the population are renters, reflecting a trend towards rental living. The community is also diverse, with 32.51% of residents being immigrants, and a high level of education is evident, as 80.14% have attained a college or university degree. Additionally, 14.94% of households have children, while 16.75% of the population is not in the labor force. This demographic snapshot indicates a well-educated, diverse, and predominantly single population, with a significant portion engaged in rental housing.