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Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $765,000 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.
Rare Upgraded and Well Maintained Queen West Loft with 9ft Concrete Ceilings, Massive L-Shaped Terrace with Gas BBQ Hookup, Floor-to-Ceiling Windows in a Boutique Mid-Rise. Forget the cookie-cutter high-rises. Unit 505 at 533 Richmond is a refined urban loft that actually makes sense. Every square foot of this functional layout is designed to be used, offering a vibe that is both industrial and high-end. With 9-foot exposed concrete ceilings and walls of glass, the space feels open and flooded with natural light. The interior is fully upgraded with hardwood floors, granite countertops, a gas range, and motorized blinds. It's move-in ready, freshly painted, and features a king-sized primary bedroom with custom closets. If you like to host, the open-concept layout easily fits a full dining table and bar seating, flowing naturally onto your oversized L-shaped terrace, a rare downtown perk for grilling and entertaining. Located in the heart of the Entertainment District, you're steps from Waterworks Food Hall, Ace Hotel, and the future Ontario Line station. This suite covers all the essentials, including underground parking and a locker. It's the perfect mix of style, function, and long-term investment upside.
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Data-driven valuation for 533 Richmond Street W 505, Toronto C01, ON M5V 3Y1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $765,000 in Toronto, the legal minimum down payment is $51,500 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 $11,775 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $11,775 also applies, bringing the total estimated land transfer taxes to $23,550.
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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.