For sale · Condo Apartment
505 Richmond Street W #631.
Waterfront Communities C1, Toronto, ON M5V 1Y3
In Waterworks, 505 Richmond Street WBuyer's market
Condo market in Waterfront Communities C1. New listings are outpacing sales, so buyers have more choice and room to negotiate. Homes here sell in about 37 days. Market data
Sales-to-new-listings ratio, last 3 months: 32%
Months of supply: 6.5
What it means
- Buyer's market in Waterfront Communities C1: condos take about 37 days to sell.
- About 6.5 months of condos for sale in Waterfront Communities C1 at the current pace of sales.
At a glance
About this home
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!
Suite details
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The suiteproperty type, style, exposure, heating
- Property type
- Condo Apartment
- Style
- Apartment
- Exposure
- South
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- None
- Year built
- 0-5
- Possession
- January 15, 2027
Parking and storageparking, garage, locker
- Parking
- 0
- Garage
- Underground
- Locker
- Owned
Fees and taxesmaintenance, property taxes
- Maintenance
- $483/mo
- Property taxes
- $2,541 (2026)
Building and rulesstoreys in building, pets
- Storeys in building
- 6
- Pets
- Yes-with Restrictions
Building amenitiesbike storage, concierge, elevator
What it could cost each month
— a month, estimated
With 20% down. Includes property tax and maintenance. Estimate only.
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- Mortgage—
- Mortgage insurance (added to loan)—
- Maintenance—
- Property tax—
Down payment —. Estimate only, using Canadian semi-annual compounding; your lender's numbers will differ.
How this price compares
Members19 suites sold at Waterworks in the last two years.
Sales activity in the building
Number of suites sold each quarter.
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Sale and listing history
Past sales at this address are for members
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The building and the area
The building
Waterworks
505 Richmond Street W · 11 storeys
Party Room/Meeting Room · Concierge · Gym · Rooftop Deck/Garden
Listing brokerage · MLS® C14084244Homelife Landmark Realty Inc.Data last updated Oct 19, 2026 3:41 pm.
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