$849,000
↓ $31,000 from $880,000
Est. payment $3,759/moCalculate yours
505 Richmond Street W 424, Toronto, ON M5V 0P4
Waterfront Communities C1, Toronto, ON M5V 0P4
- 2 Beds
- 2 Baths
- 1 Garage
- 700 Sq Ft
Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED MLS® C13834028
About this home
Exceptional Loft Living at The Waterworks! This uber-cool suite is at one of King West’s most coveted addresses. Suite 424 offers a rare combination of architectural character, sophisticated design, and an enviable downtown lifestyle. This bright two-bedroom, two full-bathroom suite comes with parking and a locker. One of only two floors in the building, with soaring 10-foot ceilings, creating an impressive sense of volume and natural light. The highly efficient layout maximizes every square foot, with a seamless flow ideal for both everyday living and entertaining. The sophisticated kitchen features premium European appliances and a generous centre island. The primary suite offers two closets, including a walk-in, and a luxurious five-piece spa-inspired ensuite with signature Waterworks fixtures, a deep soaker tub, and a separate walk-in shower with a rain showerhead. Custom blackout blinds and sleek display shelving add comfort and style. A large south-facing balcony overlooks the landscaped courtyard and cityscape, while the newly redesigned St. Andrew’s Playground Park enhances the setting. Residents enjoy a brand-new YMCA within the building and the vibrant Waterworks Food Hall, offering an exciting selection of cuisines made with fresh, local ingredients. World-class shopping, dining, entertainment, and transit are all at your doorstep. Recognized with the 2025 Toronto Urban Design Award in conjunction with St. Andrew’s Playground Park, Waterworks is a landmark address celebrated for its architecture and community impact. This meticulously maintained, move-in-ready suite offers elevated loft living in the heart of King West. Sophisticated, stylish, and exceptionally located-an extraordinary opportunity at The Waterworks.
Property details
Overview
- Property Type
- Condo Apartment
- Style
- Apartment
- For
- For Sale
- Status
- Price Change
- Size
- 700 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
Lot & Parking
- Parking
- Underground garage · 1 total
Financial
- Property Taxes
- $4,220 (2025)
- Condo Fee
- $759/mo
- Fee Includes
- Heat Included, CAC Included, Common Elements Included, Building Insurance Included
- Pets
- Yes-with Restrictions
Location
- Neighbourhood
- Waterfront Communities C1
- Cross Street
- Portland St & Richmond St W
Listing
- MLS® Number
- C13834028
- Days on Market
- 20
- Listed On
- 2026-09-28
- Possession
- TBA
- Listed By
- CHESTNUT PARK REAL ESTATE LIMITED
Features
Interior
- Built-In Oven
Property
- Arts Centre
- Electric Car Charger
- Hospital
- Library
- Park
- Place Of Worship
- Included
- See Schedule C.
- Excluded
- See Schedule C.
- Rental items
- See Schedule C.
Mortgage calculator
Estimated mortgage payment
$3,759 per month
- Principal and interest
- $3,759
- Property tax
- $352
- Condo fees
- $759
- Estimated monthly cost
- $4,870
Your mortgage
- Mortgage amount
- $679,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $448,556
Cash to close
- Down payment
- $169,800
- Land transfer tax (Ontario + Toronto)
- $26,910
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $196,710
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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