526 - 505 Richmond Street W

Discover the epitome of luxury living in this exquisite apartment for sale in Toronto , located at 505 Richmond Street W, Toronto. This stunning two-bedroom, two-bathroom corner suite is the first southeast exposure residence to grace the market at the highly sought-after Waterworks Residences. Spanning an impressive 1,055 square feet, this urban sanctuary offers an unparalleled blend of privacy, natural light, and contemporary design, all while being perched above the verdant expanse of St. Andrews Park.

The apartment for sale in Toronto is thoughtfully upgraded throughout, showcasing a seamless fusion of sophistication and comfort. At the heart of the suite lies a custom-built nine-foot waterfall island, complete with an integrated wine fridge. This is complemented by premium Dekton countertops, a full-height backsplash, and top-of-the-line 30-inch integrated appliances. Custom millwork cabinetry extends to a fully built-in pantry, featuring concealed organisers that ensure both functionality and refinement in this elegant living space.

The open-concept living and dining area is bathed in light, thanks to the floor-to-ceiling windows that frame breathtaking views of the lush park and the Toronto skyline. This creates an ideal setting for both tranquil evenings and effortless entertaining, making this apartment for sale in Toronto a perfect choice for those who appreciate the finer things in life.

The king-sized primary suite is a true retreat, featuring a spa-inspired four-piece ensuite that boasts heated floors, a stone vanity, and a glass-enclosed shower. The expansive walk-in closet, fitted with custom organisers, provides ample storage space, ensuring that everything is kept in order. The secondary bedroom is equally impressive, enjoying morning light through its east-facing windows, complete with his-and-hers closets and access to a modern three-piece semi-ensuite.

This remarkable apartment for sale in Toronto is further enhanced by designer lighting, wide-plank flooring, and motorised blinds that add a touch of luxury to everyday living. The smart thermostat with dual-zone HVAC ensures year-round comfort, while the premium Level 2 parking space and oversized private locker provide added convenience.

Situated in the vibrant Waterfront Communities C1 area, this condo apartment at 505 Richmond Street W, Toronto, offers not only a stunning living space but also access to a wealth of amenities and attractions. Residents will enjoy the proximity to parks, shops, and dining options, making it an ideal location for those who wish to immerse themselves in the dynamic lifestyle that Toronto has to offer.

Notably, this apartment for sale in Toronto does not include a pool or fireplace, which may appeal to those seeking a low-maintenance lifestyle. The central air conditioning ensures a comfortable environment throughout the year, while the forced air heating system provides warmth during the colder months. The absence of a basement and additional land further simplifies maintenance, allowing residents to focus on enjoying their luxurious surroundings.

In summary, this apartment for sale in Toronto at 505 Richmond Street W, Toronto, presents a rare opportunity to own a piece of architectural excellence within one of the city’s most celebrated developments. With its sophisticated design, natural serenity, and urban convenience, this two-bedroom, two-bathroom suite is a perfect choice for discerning buyers looking to elevate their living experience in the heart of Toronto. Don’t miss your chance to make this exceptional property 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 geographic enclave is characterised by its stunning waterfront parks, modern condominiums, and a bustling promenade that invites leisurely strolls and outdoor activities. Residents enjoy easy access to a plethora of amenities, including trendy cafes, restaurants, and cultural attractions, all within a stone's throw from the water's edge. With its excellent public transport links and proximity to the downtown core, Waterfront Communities C1 is an ideal locale for those seeking a lively urban lifestyle infused with the tranquillity of lakeside living.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within a short distance, you’ll find ALPHA Alternative Junior School (0.2 km), offering grades JK to 6 under the Toronto District School Board. Just 0.4 km away is St. Mary Catholic School, a highly-rated elementary school (5.7 rating) that provides education in both English and French for grades JK to 8. For older students, the Downtown Vocal Music Academy (0.5 km) caters to grades 4 to 8, while Ryerson Community School (also 0.5 km away) offers a French curriculum for grades JK to 8, boasting a solid school rating of 3.8. Kapapamahchakwew - Wandering Spirit School (1.8 km) serves grades 9 to 12, while St. Joseph's College School (2.1 km) is another excellent option for high school students, with a strong rating of 7.6. This diverse array of public and Catholic schools in close proximity ensures that educational needs for various age groups are well met, providing peace of mind for prospective buyers considering this property.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 2,262 residents, with an average household size of 1.5 individuals. The community has a relatively young demographic, with an average age of 37.3 years. The average household income stands at $119,400, although 15.1% of the population is classified as low-income. Housing prices are notably high, with an average price of $864,000, reflecting the demand in the area. A significant portion of the population, 61.68%, is single, and households with children make up 14.94% of the total. The area is diverse, with 32.51% of residents being immigrants. Renters constitute a majority at 58.33%, and condominiums are prevalent, accounting for 75.35% of the housing market. Education levels are high, with 80.14% of the population holding a college or university degree. Additionally, 16.75% of residents are not in the labor force, indicating a mix of employment statuses within the community. This demographic profile suggests a vibrant, educated, and diverse neighborhood, appealing to both families and young professionals.