505 Richmond Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,399,000 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: Auto Garage Door Remote, Carpet Free, Built-In Oven
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Award-winning Waterworks, a premier and highly sought-after condominium in the heart of Queen & Spadina, offers an exceptional combination of style, location, and lifestyle. Suite 527 is a bright two-bedroom corner suite featuring a highly efficient layout with no wasted space, ideal for both everyday living and entertaining. Southwest-facing windows provide natural light and frame stunning city views, creating a warm and inviting atmosphere throughout.The original owner invested approximately $50,000 in high-end upgrades, ensuring premium finishes and meticulous attention to detail. The spacious, well-appointed kitchen includes a pantry and large storage cabinet, perfect for organization. Additional storage is abundant, with a walk-in hall closet, while the private balcony overlooks the stunning, newly redesigned St. Andrews Playground Park. Waterworks offers an unbeatable lifestyle. Residents enjoy the convenience of a brand-new YMCA in the building, plus access to the vibrant Waterworks Food Hall, featuring fresh, local ingredients and a variety of cuisines just steps from your door. With world-class shopping, dining, and entertainment nearby, plus excellent transit connections, this location brings downtown Toronto to your doorstep. Meticulously maintained and move-in ready, this suite is part of a landmark building recognized with the 2025 Toronto Urban Design Award in conjunction with St. Andrews Playground Park, reflecting both outstanding architecture and a commitment to community.This suite presents a rare opportunity to live in a bright, fully upgraded, and elegant home in one of Toronto's most coveted buildings. Move in and enjoy the ultimate combination of comfort, convenience, and urban sophistication.
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Parking & Garage
Heating & Cooling
Features
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Interior Features
Auto Garage Door Remote, Carpet Free, Built-In Oven, Countertop Range, Storage Area Lockers
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 505 Richmond Street W 527, Toronto C01, ON M5V 0P4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,399,000 in Toronto, the legal minimum down payment is $279,800 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 $24,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $24,455 also applies, bringing the total estimated land transfer taxes to $48,910.
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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.
