505 Richmond Street, Unit 424, Toronto, ON

$849,000
MLS#:C13834028
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2 beds
2 baths
700-799 sqft
1.0 parking
Residential Condo & Other
Sold property - 2 Bed, 2 Bath Home at 505 Richmond Street Toronto ON listed at $849,000 (MLS# C13834028) - Main View
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This property was sold on October 27, 2026. Listing is for reference only.
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Added:Sep 28, 2026(38 days ago)
Updated:Oct 27, 2026(9 days ago)
Last Checked:24 minutes ago

Property Highlights

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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 $849,000 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 700-799 sqft
  • Ample parking with 1.0 garage spaces (1.0 total parking spaces) with a convenient underground configuration
  • Notable attributes: Built-In Oven
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

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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.

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Property Summary

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This condo apartment located at 505 Richmond Street, Toronto is currently for sale and has been available for 38 days. This property is listed at $849,000 with an estimated mortgage of $2,826* 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.

* 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
  • •700-799 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

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Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
700-799 sqft
Property Type
Residential Condo & Other

Additional Details

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StatusSold
Maintenance Fee$759.43/mo
Sold DateOctober 27, 2026
Sold price information is available to members only
AddedSep 28, 2026 (38 days ago)
UpdatedOct 27, 2026 (9 days ago)
Last Checked24 minutes ago
Transaction TypeFor Sale
List Office NameCHESTNUT PARK REAL ESTATE LIMITED

Property Details

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Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyToronto
Annual Tax$4,220.21
Rental ItemsSee Schedule C.

Parking & Garage

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Parking Total1.0
Parking Space0
Garage Parking1.0
Garage TypeUnderground

Heating & Cooling

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Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

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Property Features

  • Arts Centre
  • Electric Car Charger
  • Hospital
  • Library
  • Park
  • Place Of Worship

Interior Features

  • Built-In Oven

Security Features

  • Carbon Monoxide Detectors
  • Concierge/Security
  • Heat Detector
  • Smoke Detector

Community Features

None listed

Property History

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No historical data available for this property.

This could be the first listing for this address.

Toronto Homeowner & Seller AdvisoryVerified Sold Comp

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This property at 505 Richmond Street, Unit 424, Toronto, ON has closed. If you own a home on this street or nearby in Toronto, recent market trends and verified sold prices directly determine your home equity.

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Frequently Asked Questions about 505 Richmond Street, Unit 424, Toronto, ON

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Q.What is the asking price for 505 Richmond Street, Unit 424, Toronto, ON ?

The current listing price for 505 Richmond Street, Unit 424, Toronto, ON in Waterfront Communities C1, Toronto is $849,000.

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 424, Toronto, ON ?

505 Richmond Street, Unit 424, Toronto, ON is a Condo Apartment (Apartment) featuring a None basement.

Q.What key property features does 505 Richmond Street, Unit 424, Toronto, ON offer?

Key property features include: Arts Centre, Electric Car Charger, Hospital, Library, Park, Place Of Worship.

Q.What interior features are included in this home?

Interior highlights include: Built-In Oven.

Q.What security features are installed at 505 Richmond Street, Unit 424, Toronto, ON ?

Security features include: Carbon Monoxide Detectors, Concierge/Security, Heat Detector, Smoke Detector.

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.

Location

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505 Richmond Street, Unit 424, Toronto, ON
Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Waterfront Communities C1, Toronto

SAFETY RATING8.2 / 10
Low Incident Area
Total Annual Incidents344 incidents / yr
Average Per Month28.7 incidents / mo
Population BenchmarkArea Average residents
Personal Safety
Very Low

161 assaults (45.0/100k)

Property Security
Low

43 B&E (40.0/100k)

Auto Theft Risk
Low Risk

60 thefts (45.0/100k)

1-Year Trend
â–¼ 5.5%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Toronto Police Service (TPS) ArcGIS Open Data
Halton & GTA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

Pricing & Value Insights

Data-driven valuation for 505 Richmond Street W 424, Toronto, ON M5V 0P4

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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.

Market Trend
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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$976,472

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
Bishop Macdonell
Public20 Brunel Court, Toronto, Ontario, M5V 3Y7
8.7
Ryerson
Public96 Denison Avenue, Toronto, Ontario, M5T 1E4
4.1
St Edward
PublicEdward Street, Toronto, Ontario, M5G 1E2
9.0

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%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

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.

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