505 Richmond Street, Toronto C01, ON

$1,699,000
MLS#:C8450376
2 beds
2 baths
1000-1199 sqft
1.0 parking
Residential Condo & Other
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Description

Property Highlights

Welcome to this remarkable ["Apartment"] condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $1,699,000 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
  • Features a ["none"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 1.0 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

Exquisite penthouse-level 2 bedroom suite in the Fashion District with breathtaking skyline views from your private open terrace. Sun-drenched with floor to ceiling East-facing windows in every room. Thoughtfully designed split layout with open concept living space, perfect for entertaining. Upgraded hardwood floors, rough-in for gas fireplace, motorized shades and 10' ceilings. The custom Kitchen layout boasts 2 pantry sections, a 30" Liebherr Fridge, 30" AEG cooktop and oven, and a spacious kitchen island with a concealed outlet. The ample 14' x 12.5' primary bedroom is complemented by a deep walk-in closet and an spa-like 5 -piece ensuite bathroom with double vanity, 2 medicine cabinets, standalone glass enclosed shower and a custom designer bathtub from Italy. Both primary and 2nd bedrooms were upgraded with added pot-lights, motorized blackout blinds and plywood blocked walls with custom electrical and cable outlets for seamless TV mounting. 3-piece bathroom conveniently located next to 2nd bedroom, extended laundry closet to fit full-size washer and dryer and custom built-in entry wardrobe for added storage. Enjoy spectacular day and night views from the open terrace with gas line for BBQ and water hose connection. -- Great amenities at the award-winning Waterworks residences, concierge service, pet spa, gym with walkout to garden terrace, multi-room lounge and rooftop terrace. Highly anticipated Food Hall opening early July and Lee Restaurant below building, plus the upcoming YMCA with indoor pool; St. James playground with dog park directly South of building. Ideally situated between King and Queen West, this prime location offers unparalleled access to the finest dining and entertainment in the city, 5min walk to the upcoming Ontario Subway Line at Queen and Spadina. - 1 parking space with rough-in for EV charger and 1 locker included, both on P2. Electrical rough-ins for kitchen island light and dinning room chandelier. Floor plan on last photo.

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Key Features

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

Additional Details

StatusSold
Sold DateJuly 24, 2024
Sold price information is available to members only
Listed Date6/17/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionOther
BasementNone
CountyToronto
Annual Tax$6,609

Parking & Garage

Parking Spaces1.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Other

Security Features

Community Features

Location

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505 Richmond Street, Toronto C01, 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 505 Richmond Street W 1310, Toronto C01, ON M5V 0P4

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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Financial Audit

Estimated Costs

Loan Amount$1,359,200
Monthly Mortgage$7,897
Property Tax (Est.)$551
Utilities & Maint.$350
Total Monthly Cost$8,798

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Toronto C01.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Waterfront Communities C1, Toronto C01.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$793,076

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%

Local Schools Guide

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

Homes & Housing

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.