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For saleMLS® C13986698

505 Richmond Street W 25, Toronto, ON M5V 0P4

Waterfront Communities · C01 · M5V 0P4

$975,000

+ $673/mo maintenance$1,393 / sq ft

3 weeks on market

Bedrooms
2
Bathrooms
2
Interior
700 sf

What's special

  • Underground parking
  • Owned locker
  • Terrace
  • South exposure
  • Central air
  • Pets with restrictions
  • Common elements, Building insurance, A/C included
  • Built-in oven

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About this property

A true two-bedroom at Waterworks - and a layout worth seeing. This thoughtfully designed split-bedroom suite offers two separate bedrooms, each with a south-facing window and its own full-size door, creating excellent privacy and separation.The bright, open living space enjoys an unobstructed south-facing view, bringing natural light and an exceptional sense of openness into the suite. The contemporary kitchen features integrated appliances, a generous island and ample workspace, flowing naturally into the living and dining area. Step outside to the 163 SF private terrace, a substantial extension of the living space with a gas hookup - perfect for outdoor dining, entertaining or simply enjoying the view. Set within the iconic Waterworks Residences, residents enjoy an exceptional downtown lifestyle with the renowned Waterworks Food Hall, YMCA, landscaped surroundings and a vibrant mix of restaurants, cafés, shopping, entertainment and culture just outside the door. Located in the heart of King West, with Queen West, the Financial District, transit and Toronto's downtown core all within easy reach.

Rooms

5 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
Living RoomFlat4.57 × 3.20 m15.0 × 10.5 ftW/O To Terrace · South View
Dining RoomFlat3.69 × 3.60 m12.1 × 11.8 ftCentre Island · B/I Appliances · Pantry
KitchenFlat3.69 × 3.60 m12.1 × 11.8 ftCentre Island · B/I Appliances · Pantry
Primary BedroomFlat4.23 × 2.74 m13.9 × 9.0 ft5 Pc Ensuite · B/I Closet · South View
Bedroom 2Flat3.08 × 2.44 m10.1 × 8.0 ftLarge Window · Closet · South View

Features

  • Built-In Oven
  • Carpet Free

Property details

Property

Property type
condo apartment
Bedrooms
2
Bathrooms
2
Interior size
700 sq ft
Possession
30-60 days

Interior

Heating
Fan Coil · Other
Cooling
Central Air
Exposure
South
Balcony
Terrace

Exterior & services

Construction
Brick, Concrete
Garage
Underground

Condominium

Corporation
2874 TSCP
Property manager
ICC Property Management Ltd. 416-366-7125
Locker
Owned
Pets
Yes-with Restrictions
Fee includes
Common Elements Included, Building Insurance Included, CAC Included

Costs

List price
$975,000
Property taxes
$4,389 / year (2026)
Maintenance fee
$673 / month
Price per sq ft
$1,393

Listing

MLS® number
C13986698
Status
For sale
Listed
October 13, 2026
Days on market
23
Last updated
October 29, 2026
Listing brokerage
ZOLO REALTY

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 88% of comparable condo apartment listings in Waterfront Communities are asking less.

$447KMedian $613K$999K
This home
$1,393 / sq ft
Comparable median
$976 / sq ft

Based on 96 comparable active condo apartment listings in Waterfront Communities. These are asking prices, not sale prices.

Mortgage estimate

Down payment7.4% · minimum $72,500
$72,500
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$4,990.08
Property tax (est.)
$365.75
Maintenance fee
$672.65
Estimated monthly
$6,028

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$15,975
Toronto municipal
$15,975
Total due on closing
$31,950

An estimate on the asking price of $975,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ZOLO REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$975,000

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