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Copyright © 2026 The Canadian Home Realty Inc.
  • Ontario
  • Toronto
  • Waterfront Communities C1
  • 505 Richmond Street W
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  • Sold Sold in Feb 2026
  • Condo Apt

527 - 505 Richmond Street W

Toronto, Waterfront Communities C1
  • 2 Bedrooms
  • 2 Bathrooms
  • 1 Garage
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Sold Price: $ 1,345,000
3.86%
Listed Price: $ 1,399,000
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Key Facts About 527 - 505 Richmond Street W, Toronto

  • Tax $6,146 / 2025
  • Property Type Condo
  • Building Type Condo Apt
  • Building Style Apartment
  • Maintenance Fees $936.54
  • Building Age 0-5
  • Size 1000 - 1199 feet²
  • Listing # C12770516
  • Data Source PROPTX
  • Days on Market 15
  • Listed On 09/02/2026
  • Updated On 26/02/2026
  • Market Demand
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Description

Award-winning Waterworks, a premier and highly sought-after condominium in the heart of Queen & Spadina, offers an exceptional combination of style, location, and lifestyle. Suite 527 is a bright two-bedroom corner suite featuring a highly efficient layout with no wasted space, ideal for both everyday living and entertaining. Southwest-facing windows provide natural light and frame stunning city views, creating a warm and inviting atmosphere throughout.The original owner invested approximately $50,000 in high-end upgrades, ensuring premium fini

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Property Details of 527 - 505 Richmond Street W, Toronto

Property

  • Property Type Condo Apt
  • Style Apartment
  • Community Waterfront Communities C1
  • Municipality Toronto

Inside

  • Bedrooms 2
  • Bathrooms 2
  • Bathroom Details 1, 4pc Main
  • Bathroom Details 1, 3pc Main
  • Kitchen 1
  • Rooms 5
  • Family Rooms N
  • Central Vac N
  • Fireplace N

Utilities

  • Cooling Central Air
  • Heating Type Forced Air
  • Heating Fuel Gas

Building

  • Size 1000 - 1199 feet²
  • Architecture Style Apartment
  • Exterior Feature Brick
  • Amenities Concierge, Gym, Bike Storage, Party Room/Meeting Room, Visit...View More
  • Building Age 0-5

Parking

  • Garage Type Underground
  • Garage 1
  • Total Parking Places 1

Land

  • Cross Street Richmond/Brant

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Our Estimate

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Estimated Rent

$ 3,825

Rental Yield

3.06%

School Score

7.4/10

Rental Score

3/5

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Rooms

Dining Room (7.09X3.48 metre)
Level: Main
Kitchen (4.09X3.91 metre)
Level: Main
Primary Bedroom (3.58X3.28 metre)
Level: Main
Living Room (7.09X3.48 metre)
Level: Main
Bathroom (4 pcs)
Level: Main
Bathroom (3 pcs)
Level: Main

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Expense Breakdown

Monthly Mortgage Payment

$0/monthly

30 Year , 3.99% interest

Cash Expenditure for Home Purchase

$1,100

  • Downpayment
    $0
  • PST on Mortgage Insurance
    $0
  • Land Transfer Tax
    $0
  • Lawyer Fees
    $1,000
  • Title Insurance
    $0
  • Estoppel Certificate Fee
    $100

Monthly Expenses After Home Purchase

$1,506

  • Mortgage Payment
    $0
  • Property Insurance
    $50
  • Property Tax
    $250
  • Phone
    $40
  • Monthly debt payments
    $0
  • Cable
    $60
  • Utilities
    $124
  • Internet
    $45
  • Maintenance Fees
    $937
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MLS® Trusted listing from Toronto Real Estate Board The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.

Copyright:© The Canadian Home Realty Inc. All rights reserved. The Canadian Home Realty Inc is a registered real estate brokerage.

About 527 - 505 Richmond Street W, Toronto

Welcome to your dream apartment for sale in Toronto , located at 505 Richmond Street W, Toronto, in the highly desirable Waterfront Communities C1 area. This stunning condo apartment is part of the award-winning Waterworks, a premier building renowned for its exceptional style, location, and lifestyle. If you’re looking for a two-bedroom home that combines modern living with urban convenience, this is the perfect opportunity for you.

Suite 527 is a bright and airy corner suite that boasts a highly efficient layout, ensuring that every inch of space is utilised to its fullest potential. With two well-proportioned bedrooms and two bathrooms, this apartment for sale in Toronto is ideal for both everyday living and entertaining guests. The spacious main kitchen is a delight for any home chef, complete with a pantry and a large storage cabinet, making organisation a breeze. The suite features a total of five rooms, ensuring ample space for relaxation and enjoyment.

One of the standout features of this apartment for sale in Toronto is the abundance of natural light that floods in through the southwest-facing windows. These windows not only illuminate the living spaces but also frame stunning views of the city, creating a warm and inviting atmosphere throughout the home. You will appreciate the meticulous attention to detail, as the original owner invested over £100,000 in high-end upgrades, ensuring that the finishes are nothing short of premium.

As you step outside onto your private balcony, you will be greeted by the picturesque views of the newly redesigned St. Andrews Playground Park, offering a serene escape right at your doorstep. The building itself is a landmark, having been recognised with the 2025 Toronto Urban Design Award, a testament to its outstanding architecture and commitment to enhancing the community.

Although this apartment does not come with a den or a family room, it compensates with its thoughtfully designed layout and the luxurious amenities available within the Waterworks building. Residents enjoy direct access to a brand-new YMCA, perfect for those who value fitness and wellness. Additionally, the vibrant Waterworks Food Hall is just steps away, featuring fresh, local ingredients and a variety of cuisines that cater to every palate.

For those who require parking, this apartment for sale in Toronto includes one underground garage space, providing convenience and security for your vehicle. While there is no central vacuum system, and the apartment is unfurnished, this offers you the flexibility to personalise your new home according to your taste and style.

The heating is provided by a forced air system, ensuring comfort throughout the seasons, while central air conditioning keeps the space cool during the warmer months. Internet connectivity is readily available, allowing you to stay connected in this modern urban environment.

Situated in the heart of Toronto, 505 Richmond Street W, Toronto, places you within easy reach of world-class shopping, dining, and entertainment options. With excellent transit connections nearby, you can explore everything that downtown Toronto has to offer with ease.

This meticulously maintained suite is move-in ready, presenting a rare opportunity to own a bright, fully upgraded, and elegant home in one of Toronto's most coveted buildings. If you are seeking an apartment for sale in Toronto that combines comfort, convenience, and urban sophistication, look no further than this exceptional offering. Don’t miss your chance to experience the ultimate lifestyle in this remarkable location.

Waterfront Communities C1, nestled along the stunning shores of Lake Ontario in Toronto, is a vibrant and dynamic neighbourhood that seamlessly blends urban living with natural beauty. This area boasts a picturesque waterfront promenade, offering residents scenic views and access to recreational activities such as cycling, jogging, and leisurely strolls by the water. The community is characterised by its modern high-rise condominiums, chic boutiques, and a diverse array of dining options, catering to various tastes. With its proximity to cultural landmarks, parks, and public transit, Waterfront Communities C1 presents an ideal setting for those seeking a lively urban lifestyle while enjoying the tranquility of lakeside living.

Schools in the Neighbourhood

This property is ideally located near several educational institutions, catering to various age groups and preferences. Within a short distance of just 0.2 km, you'll find ALPHA Alternative Junior School, a public institution offering grades JK to 6. For older children, the Downtown Vocal Music Academy of Toronto (0.5 km away) serves 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 respectable school rating of 3.8. St. Mary Catholic School, located 0.4 km from the property, offers a strong Catholic education for grades JK to 8, with an impressive rating of 5.7. Additionally, for high school students, Kapapamahchakwew - Wandering Spirit School is 1.8 km away, and St. Joseph's College School, rated 7.6, is 2.1 km from the property. This diverse selection of schools ensures that families have access to quality education in both English and French, making this location a prime choice for those prioritizing educational opportunities for their children.

FAQs About 527 - 505 Richmond Street W, Toronto

How many bathrooms does this property have?

This property features 2 bathroom(s) and 2 bedroom(s).

Does this 2 bedroom property have additional bedrooms or a den?

This Condo Apt property does not have an additional bedroom or a den.

What is the square footage (sqft) of this Condo Apt property?

The total square footage of this Condo Apt 2 bed property in Toronto is 1000 - 1199.

How many parking spaces are available with this property?

There are no parking spaces available with this property.

How many cars can be parked in the garage of 505 Richmond Street W?

This property features a garage with space for 1 cars.

What type of garage does this property have?

This property includes an Underground garage with space for 1 cars.

Does this property have a basement?

There is no basement in this property.

What type of basement is it?

Information about basement type is not available.

Does this property have a swimming pool?

It is not specified whether this property has a swimming pool.

Does this property have a fireplace?

There is no fireplace in this property.

How many kitchens does this property have?

This property includes 1 kitchen(s).

Is there a maintenance fee associated with this property?

Yes, it has an annual maintenance fee of $936.54.

Is this property furnished?

Information about whether this property is furnished is not available.

What type of heating system is in place?

The heating system in place is a Forced Air.

What utilities are available for this property?

Information about utilities is not available.

School Rating for 527 - 505 Richmond Street W, Toronto

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Listing History

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