505 Richmond Street, Unit 29, Toronto, ON
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium brick and concrete construction, this residence presents an exceptional opportunity offered at $819,900 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 700-799 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
LOCATION, LOCATION, LOCATION - Ideal spot in the Fashion District - Accessible but not busy - Steps from Kensington Market - 2 minute walk to some of the best food in the city (Michelin guide). PLEASE CHECK OUR DEDICATED WEBSITE IN THE MEDIA SECTION BELOW - THE UNIT - Overlooking a courtyard, cozy and quiet - 9 ft ceilings - Bright living room with floor-to-ceiling windows - 2 bedrooms (walk-in closet in the master bedroom) - 2 upscale bathrooms (master bathroom has heated floors) - Upscale kitchen with stone countertop, backsplash, island and state-of-the-art miele appliances - Smart home features: motorized window shades, smart light switches, latest Google Nest learning thermostat - Fiber optic multigigabit internet directly to the unit. THE CONDO (WATERWORKS RESIDENCES) - Winner of multiple awards, including the Toronto Urban Design Award - Posh entrance hall with 24/7 security - Large lounge and party room accommodating up to 50 people, including a walkout terrace - Large gym with a wide variety of equipment - Garden rooftop with picnic area (tables, bbq etc.) and breathtaking views of the Toronto skyline - Doggy spa. THE BUILDING - YMCA fitness facility with a 25 m swimming pool, full sized gym with recreational sports programs (basketball, pickle ball etc.), dedicated studios for totalfit, bootcamp, musclefit, and yoga classes - Waterworks Food Hall with 6 bars, 19 restaurants, and an event space hosting social and art events - Underground visitor parking - Top 30 of Toronto restaurant by legendary chef Susur Lee. ST.ANDREW'S PARK - Rare green oasis with mature trees hugging the building walls - Working and picnicking area with tables, chairs, and loungers - Brand new children's playground - Puppy play area. SEE https://505richmond.com FOR MORE PHOTOS, SPECS, AND A FULL VIRTUAL TOUR *Note: Some photos have been virtually staged*
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Property Summary
This condo apartment located at 505 Richmond Street, Toronto is currently for sale and has been available on SousaSells for 1 day. This property is listed at $819,900 with an estimated mortgage of $2,729* per month. It has 2 beds, 2 bathrooms, and is 700-799 square feet. 505 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.Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Waterfront Communities C1, Toronto.
- •2 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •700-799 sqft of generous functional square footage
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Other
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 505 Richmond Street, Unit 29, Toronto, ON
Q.What is the asking price for 505 Richmond Street, Unit 29, Toronto, ON ?
The current listing price for 505 Richmond Street, Unit 29, Toronto, ON in Waterfront Communities C1, Toronto is $819,900.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 2 bathrooms across approximately 700-799 sqft.
Q.What property type and architectural style is 505 Richmond Street, Unit 29, Toronto, ON ?
505 Richmond Street, Unit 29, Toronto, ON is a Condo Apartment (Apartment) featuring a None basement.
Q.What interior features are included in this home?
Interior highlights include: Other.
Q.Is parking available at this property?
Yes, this property offers parking space for 0.0 vehicle (Underground).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 505 Richmond Street W 729, Toronto, ON M5V 1Y3
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 $819,900 in Toronto, the legal minimum down payment is $56,990 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 $12,873 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,873 also applies, bringing the total estimated land transfer taxes to $25,746.
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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.