For sale · Condo Apartment
505 Richmond Street W #1213.
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
An exceptional opportunity at Waterworks, one of King West's most architecturally distinctive addresses. This beautifully appointed two-bedroom, two-bathroom suite offers an expansive, thoughtfully designed layout and a rare 200 sq. ft. northwest-facing terrace with unobstructed city views, a BBQ gas line, and no neighbouring unit directly above. The result is an uncommon sense of openness, privacy, and natural light, both indoors and out.The generous open-concept living and dining areas flow seamlessly onto the terrace, creating an ideal setting for everyday living and entertaining. A sophisticated kitchen with premium European appliances and a large centre island anchors the space. The primary bedroom features double closets and a beautifully appointed ensuite, while the second bedroom is conveniently positioned adjacent to the second full bathroom, offering flexibility for guests, family, or a home office.Complete with parking featuring EV wiring and a separate locker, this suite delivers both style and practicality. Residents enjoy direct access to the Waterworks Food Hall and YMCA, with St. Andrew's Playground Park, some of Toronto's best restaurants, independent boutiques, and the energy of King West just steps away. A unique offering that combines contemporary design, exceptional outdoor space, and the convenience of downtown living.
Suite details
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The suiteproperty type, style, size, exposure
- Property type
- Condo Apartment
- Style
- Apartment
- Size
- 800–899 sq ft
- Exposure
- North West
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- None
- Year built
- 0-5
- Possession
- Dec 1
Parking and storageparking, garage, locker
- Parking
- 1
- Garage
- Underground
- Locker
- Owned
Fees and taxesmaintenance, property taxes, price per sq ft
- Maintenance
- $804/mo
- Property taxes
- $6,016 (2026)
- Price per sq ft
- $1,176
Building and rulesstoreys in building, pets
- Storeys in building
- 12
- Pets
- Yes-with Restrictions
Rooms6 rooms with sizes
| Room | Level | Size | Features |
|---|---|---|---|
| Other | Flat | 5.37 × 2.73 m | nw view · overlooks park |
| Living Room | Flat | 3.73 × 4.19 m | laminate · combined w/kitchen · open concept |
| Dining Room | Flat | 3.73 × 4.19 m | laminate · combined w/dining · w/o to terrace |
| Primary Bedroom | Flat | 3.3 × 3.82 m | laminate · his and hers closets · 4 pc ensuite |
| Kitchen | Third | 3.98 × 2.34 m | laminate · modern kitchen · stainless steel appl |
| Bedroom 2 | Flat | 2.76 × 2.43 m | laminate · closet · window |
What is includedAppliances and fixtures
FRIDGE, STOVE, DISHWASHER, WASHER, DRYER, ALL ELECTRIC LIGHT FIXTURES, ALL WINDOW COVERINGS, TERRACE LATICE, TV Bracket.
Building amenitiesbbqs allowed, concierge, gym
Maintenance fee includes: Heat, Water, Parking
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
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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® C14092612Royal Lepage Signature RealtyData last updated Oct 22, 2026 2:30 pm.
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