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For sale · Condo Apartment

505 Richmond Street W #1213.

Waterfront Communities C1, Toronto, ON M5V 1Y3

In Waterworks, 505 Richmond Street W
On the market9 days
MLS® C14092612Courtesy of Royal Lepage Signature Realty
Bedrooms2
Bathrooms2
Square feet800–899About $1,175 per sq ft
Parking1Locker: Owned

Buyer'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

Maintenance$804 / month
Property taxes$6,016 / year
Price per square footAbout $1,175
ExposureNorth West

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

Click the + to read more.

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
RoomLevelSizeFeatures
OtherFlat5.37 × 2.73 mnw view · overlooks park
Living RoomFlat3.73 × 4.19 mlaminate · combined w/kitchen · open concept
Dining RoomFlat3.73 × 4.19 mlaminate · combined w/dining · w/o to terrace
Primary BedroomFlat3.3 × 3.82 mlaminate · his and hers closets · 4 pc ensuite
KitchenThird3.98 × 2.34 mlaminate · modern kitchen · stainless steel appl
Bedroom 2Flat2.76 × 2.43 mlaminate · 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
  • BBQs Allowed
  • Concierge
  • Gym
  • Party Room/Meeting Room
  • Rooftop Deck/Garden

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—
  • Maintenance—
  • Property tax—

Down payment —. Estimate only, using Canadian semi-annual compounding; your lender's numbers will differ.

How this price compares

Members

19 suites sold at Waterworks in the last two years.

Sales activity in the building

Number of suites sold each quarter.

3 sold, Jan to Mar 2025 3 Jan–Mar 2025 5 sold, Apr to Jun 2025 5 Apr–Jun 2025 1 sold, Jul to Sep 2025 1 Jul–Sep 2025 1 sold, Oct to Dec 2025 1 Oct–Dec 2025 5 sold, Jan to Mar 2026 5 Jan–Mar 2026 3 sold, Apr to Jun 2026 3 Apr–Jun 2026 1 sold, Jul to Sep 2026 1 Jul–Sep 2026 0 Oct–Dec 2026 so far

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Sale and listing history

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The building and the area

Waterworks

The building

Waterworks

505 Richmond Street W · 11 storeys

Party Room/Meeting Room · Concierge · Gym · Rooftop Deck/Garden

6For sale now
2For rent now
9Sold, last 12 months

Listing brokerage · MLS® C14092612Royal Lepage Signature RealtyData last updated Oct 22, 2026 2:30 pm.

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein is deemed reliable but is not guaranteed accurate by TRREB or its members. It is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under licence.

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