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For sale · Condo Apartment

505 Richmond Street W #714.

Waterfront Communities C1, Toronto, ON M5V 0P4

In Waterworks, 505 Richmond Street W
On the market1 day
MLS® C14120760Courtesy of Union Capital Realty
Bedrooms2
Bathrooms2
Square feet800–899About $988 per sq ft
ParkingNoneLocker: 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$733 / month
Property taxes$4,389 / year
Price per square footAbout $988
ExposureNorth

About this home

Rare opportunity to own an exceptional residence in the iconic Waterworks Residences, where timeless heritage architecture meets sophisticated modern luxury. This beautifully appointed two-bedroom suite showcases elegant finishes, soaring 9-foot ceilings, and an abundance of natural light streaming through an impressive wall of floor-to-ceiling windows, creating a bright and inviting atmosphere throughout.Designed with both style and functionality in mind, the thoughtfully crafted open-concept layout flows effortlessly from room to room, maximizing both comfort and everyday living. The contemporary kitchen is a chef's dream, featuring integrated appliances, a generous centre island with ample workspace, and abundant counter space for cooking, entertaining, and gathering with family and friends. Step outside to your spacious private balcony-an ideal extension of your living space and the perfect setting to relax, unwind, or entertain while enjoying the vibrant downtown surroundings. Residents of Waterworks enjoy an unparalleled lifestyle with access to premium amenities, including a state-of-the-art YMCA fitness facility, spectacular rooftop amenities, and the renowned Waterworks Food Hall. Perfectly positioned in the heart of downtown Toronto, you're just steps from the boutiques, acclaimed restaurants, cafés, and nightlife of Queen West and King West, with the Financial District, transit, and countless urban conveniences only moments away. *Some Photos Have Been Virtually Staged*

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
Heating
Forced Air
Cooling
Central Air
Basement
None
Possession
30 Days
Parking and storageparking, garage, locker
Parking
0
Garage
Underground
Locker
Owned
Fees and taxesmaintenance, property taxes, price per sq ft
Maintenance
$733/mo
Property taxes
$4,389 (2025)
Price per sq ft
$989
Building and rulesstoreys in building, pets
Storeys in building
7
Pets
Yes-with Restrictions
What is includedAppliances and fixtures

Property Sold As Is, Where Is, Without Representations or Warranties.

Building amenitiesMaintenance fee inclusions

Maintenance fee includes: Heat

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® C14120760Union Capital RealtyData last updated Oct 27, 2026 3:54 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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