For sale · Condo Apartment
505 Richmond Street W #714.
Waterfront Communities C1, Toronto, ON M5V 0P4
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
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
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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—
- 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® C14120760Union Capital RealtyData last updated Oct 27, 2026 3:54 pm.
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