Gurvinder Nokwal REALTOR®
For Sale Condo Apartment 20 days on market

$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
Map

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

Minimum for this price: $59,900 (7.06%)

Amortization, years

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
Total, before legal fees
$196,710
Talk to me about financing

Estimates 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

505 Richmond Street W 424, Toronto, ON M5V 0P4 Waterfront Communities C1, Toronto, ON M5V 0P4
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$849,000 505 Richmond Street W 424, Toronto, ON M5V 0P4
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