500 Richmond Street, Unit 15, Toronto, ON

$960,000
MLS#:C13616166
2 beds
2 baths
1000-1199 sqft
1.0 parking
Residential Condo & Other
500 Richmond Street W 315, Toronto, ON M5V 3N4

Property Highlights

Welcome to this remarkable 2-Storey condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium brick and stucco (plaster) construction, this residence presents an exceptional opportunity offered at $960,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1000-1199 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Storage
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

This exceptionally designed, 1144 square foot, one-bedroom plus den, two-bathroom masterpiece in Cityscape Terrace reflects superior craftsmanship and attention to detail over two immaculate floors. Featuring a unique, customized layout with an abundant interior and exterior space, the entertainer's main floor showcases a tranquil and bright living & dining room which seamlessly integrates into an expansive west-facing private terrace oasis overlooking picturesque Augusta Street. The contemporary kitchen is a chef's dream and features stainless steel appliance, ample preparation space and storage throughout. The private upper level features a large primary bedroom retreat and is a full-floor sanctuary equipped with a fully updated, modern three-fixture spa-like bathroom and an expansive den area equipped with custom millwork which can be arranged as family room, home office or entertainment center.**Suite was originally configured as a 2 Bedroom** **EXTRAS** World Class Location! Easy Access To Queen & King West Shopping, Cafes & Galleries, Kensington Market, Financial & Entertainment Districts, Ace Hotel, Waterworks Food Hall, St. Andrews Park & Martin Goodman Trail. Steps To Public Transit.

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Property Summary

This condo apartment located at 500 Richmond Street, Toronto is currently for sale and has been available on SousaSells for 9 days. This property is listed at $960,000 with an estimated mortgage of $3,195* per month. It has 2 beds, 2 bathrooms, and is 1000-1199 square feet. 500 Richmond Street, Toronto is in the Waterfront Communities C1 neighborhood.

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Waterfront Communities C1, Toronto.

Highly Recommended for Families
What We Love About This Home
  • 2 spacious bedroom layout offering versatile living space
  • 2 well-appointed bathrooms
  • 1000-1199 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.

Target Buyer Match

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusActive
Listed Date7/28/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural Style2-Storey
ConstructionBrick, Stucco (Plaster)
BasementNone
CountyToronto
Annual Tax$4,373.17

Parking & Garage

Parking Total1.0
Parking Space1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

  • Arts Centre
  • Park
  • Place Of Worship
  • Public Transit
  • Rec./Commun.Centre
  • School

Interior Features

  • Storage

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 500 Richmond Street, Unit 15, Toronto, ON

Q.What is the asking price for 500 Richmond Street, Unit 15, Toronto, ON ?

The current listing price for 500 Richmond Street, Unit 15, Toronto, ON in Waterfront Communities C1, Toronto is $960,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 2 bedrooms and 2 bathrooms across approximately 1000-1199 sqft.

Q.What property type and architectural style is 500 Richmond Street, Unit 15, Toronto, ON ?

500 Richmond Street, Unit 15, Toronto, ON is a Condo Apartment (2-Storey) featuring a None basement.

Q.What key property features does 500 Richmond Street, Unit 15, Toronto, ON offer?

Key property features include: Arts Centre, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School.

Q.What interior features are included in this home?

Interior highlights include: Storage.

Q.Is parking available at this property?

Yes, this property offers parking space for 1.0 vehicle (Underground).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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500 Richmond Street, Unit 15, Toronto, ON

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 500 Richmond Street W 315, Toronto, ON M5V 3N4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate4.00%
Down Payment$288,000 (30.0%)
* Minimum Canadian down payment required for this price is $71,000.
Amortization Period30 Years
Estimated Monthly Payment$3,195Based on a loan of $672,000 over 30 years.
Purchase Price$960,000
Loan Amount$672,000
Provincial Land Transfer Tax:$15,675
Toronto Municipal Land Transfer Tax:$15,675
Total Estimated Closing Taxes:$31,350

About Purchasing a Home in Toronto, ON

For a property listed at $960,000 in Toronto, the legal minimum down payment is $71,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $15,675 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $15,675 also applies, bringing the total estimated land transfer taxes to $31,350.

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Waterfront Communities C1, Toronto Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Waterfront Communities C1, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$850,624

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Best Schools in Waterfront Communities C1, Toronto

Elementary Schools

Ogden
Public33 Phoebe Street, Toronto, Ontario, M5T 1A8
6.8
Jean Lumb
Public20 Brunel Court, Toronto, Ontario, M5V 3Y7
7.3
Ryerson
Public96 Denison Avenue, Toronto, Ontario, M5T 1E4
4.1
St Edward
PublicEdward Street, Toronto, Ontario, M5G 1E2
9.0
Bishop Macdonell
Public20 Brunel Court, Toronto, Ontario, M5V 3Y7
8.7

Secondary Schools

St. Mary’s
Catholic9 Portugal Square, Toronto, Ontario, M6J 2H2
4.9

Waterfront Communities C1, Toronto Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.