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For saleMLS® C14084244

505 Richmond Street W 631, Toronto, ON M5V 1Y3

Waterfront Communities · C01 · M5V 1Y3

$599,000

+ $483/mo maintenance$1,200 / sq ft

2 weeks on market

Bedrooms
1
Bathrooms
1
Interior
499 sf
Age
0-5 years

What's special

  • Underground parking
  • Owned locker
  • Juliette balcony
  • South exposure
  • Central air
  • Pets with restrictions
  • Building insurance, Common elements included
  • Newly built

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About this property

Experience sophisticated downtown living at the iconic Waterworks Residences! Located in the heart of Toronto's vibrant Fashion District, this stylish suite combines contemporary urban living with the charm of a beautifully restored heritage building. Enjoy an unbeatable location steps from St. Andrew's Playground, Waterworks Food Hall, Queen West, King West, The Well, trendy restaurants, cafés, shopping, and public transit. Exceptional building amenities include a concierge, fitness centre, party room, visitor parking, and bicycle storage. Includes a separate owned storage locker. An excellent opportunity for investors, first-time buyers, or anyone seeking a convenient downtown lifestyle in one of Toronto's most desirable neighbourhoods. Don't miss this opportunity!

Features

  • Built-In Oven

Building amenities

  • Bike Storage
  • Concierge
  • Elevator
  • Visitor Parking
  • Shared Dock
  • Party Room/Meeting Room

Property details

Property

Property type
condo apartment
Bedrooms
1
Bathrooms
1
Interior size
499 sq ft
Year built
0-5
Possession
TBA

Interior

Heating
Forced Air · Gas
Cooling
Central Air
Exposure
South
Balcony
Juliette

Exterior & services

Construction
Brick
Garage
Underground

Condominium

Corporation
2874 TSCC
Property manager
ICC Property Management
Locker
Owned
Pets
Yes-with Restrictions
Fee includes
Building Insurance Included, Common Elements Included

Costs

List price
$599,000
Property taxes
$2,541 / year (2026)
Maintenance fee
$483 / month
Price per sq ft
$1,200

Listing

MLS® number
C14084244
Status
For sale
Listed
October 15, 2026
Days on market
20
Last updated
October 19, 2026
Listing brokerage
HOMELIFE LANDMARK REALTY INC.

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 in line with comparable listings — about 47% of comparable condo apartment listings in Waterfront Communities are asking less.

$447KMedian $613K$999K
This home
$1,200 / 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 payment5.8% · minimum $34,900
$34,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,119.01
Property tax (est.)
$211.75
Maintenance fee
$483.47
Estimated monthly
$3,814

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
$8,455
Toronto municipal
$8,455
Total due on closing
$16,910

An estimate on the asking price of $599,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of HOMELIFE LANDMARK REALTY INC.. 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.

$599,000

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