1222 - 505 Richmond Street W

Welcome to the stunning condo for sale in Toronto , nestled at 505 Richmond Street W, Toronto. This exceptional property, known as the Waterworks Condos, is a fantastic blend of heritage and modernity. It’s a mixed-use residential building that beautifully integrates a heritage-designated industrial structure with a sleek, contemporary 13-storey condominium. Completed in 2021 by the renowned MOD Developments and Woodcliffe Landmark Properties, this condo is situated in the vibrant Fashion District, offering a picturesque view of St. Andrew's Park.

As you step into this lovely condo for sale in Toronto, you’ll immediately appreciate the thoughtful design and high-quality finishes that define this residence. With two spacious bedrooms and two well-appointed bathrooms, this apartment is perfect for professionals, couples, or small families looking for a stylish and comfortable living space. The total of five rooms includes a main kitchen that is ready for your culinary adventures, although there is no additional kitchen or den.

The exterior of the building is a striking combination of brick and metal/steel siding, giving it a modern yet timeless appeal. This condo, located at 505 Richmond Street W, Toronto, is not just a home; it’s a lifestyle choice. The building is relatively new, aged between 0-5 years, ensuring that you’ll enjoy contemporary amenities and a fresh living environment.

Inside, the condo features central air conditioning, perfect for keeping cool during the warm summer months. While there is no fireplace or family room, the layout of the apartment allows for a comfortable and inviting atmosphere. Unfortunately, this property does not include a pool or central vacuum system, but the convenience of internet access is a definite plus, allowing you to stay connected effortlessly.

The heating system is a fan coil type, providing efficient warmth during the colder months. Although there is no additional land or garage space, the building does offer underground garage parking, ensuring your vehicle is safe and secure. However, it’s worth noting that there are no designated parking spaces available with this unit.

The community surrounding 505 Richmond Street W, Toronto, is one of its standout features. The Waterfront Communities C1 area is known for its vibrant atmosphere, with plenty of shops, restaurants, and parks nearby. Living in this condo for sale in Toronto means you’ll have easy access to all the amenities you could possibly need, making it an ideal location for those who enjoy an active and social lifestyle.

In summary, if you’re in the market for a condo for sale in Toronto, look no further than this remarkable property at 505 Richmond Street W, Toronto. With its modern design, prime location in the Fashion District, and proximity to St. Andrew's Park, this condo offers everything you need for a comfortable and stylish urban living experience.

Don’t miss out on the opportunity to make this beautiful condo your new home. Whether you’re looking to invest or simply want a lovely place to live, this condo for sale in Toronto is worth considering. Come and see for yourself what makes 505 Richmond Street W, Toronto, such a desirable address in the heart of the city. With its unique blend of historical charm and modern convenience, this property is sure to impress.

Waterfront Communities C1 is a vibrant and dynamic neighbourhood nestled along the shores of Lake Ontario in Toronto. This area is characterised by its stunning waterfront views, lush parks, and a bustling promenade that invites leisurely strolls and outdoor activities. With a mix of modern condominiums, historic buildings, and an array of cultural attractions, residents enjoy a lively urban atmosphere complemented by easy access to recreational facilities, dining, and entertainment options. The community is well-connected by public transport, making it convenient for commuting to other parts of the city while offering a unique blend of city life and natural beauty right at your doorstep. Whether you're seeking a lively social scene or tranquil lakeside moments, Waterfront Communities C1 has something to offer everyone.

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 institution offering grades JK to 6. The Downtown Vocal Music Academy, also a public school for grades 4 to 8, is situated 0.5 km away. For older students, Kapapamahchakwew - Wandering Spirit School provides education for grades 9 to 12, located 1.8 km from the property. Additionally, Ryerson Community School, which offers a French curriculum from JK to 8, is just 0.5 km away and boasts a respectable school rating of 3.8. For those seeking a Catholic education, St. Mary Catholic School is an excellent option, located only 0.4 km away, with a strong rating of 5.7 and serving grades JK to 8. St. Joseph's College School, a Catholic institution for grades 9 to 12, is slightly further at 2.1 km, with an impressive rating of 7.6. Overall, the variety of nearby schools ensures that families have access to quality education options for children of all ages.

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. The demographic profile reveals a relatively young community, with an average age of 37.3 years. The average household income stands at a substantial $119,400, although 15.1% of the population is classified as low-income. The real estate market reflects a high average property price of $864,000, indicating a demand for housing in the area. A significant portion of the community, 61.68%, is single, and only 14.94% of households include children. The area is diverse, with 32.51% of residents being immigrants, contributing to its vibrant culture. Renters make up 58.33% of the population, and a majority of housing consists of condominiums, accounting for 75.35% of the residential properties. The educational attainment is notably high, with 80.14% of residents holding a college or university degree. However, 16.75% of the population is not actively participating in the labor force, indicating a potential area for economic development. Overall, this community presents a blend of affluence, diversity, and educational achievement, making it an attractive location for potential homeowners and investors.