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 other and stone construction, this residence presents an exceptional opportunity offered at $1,799,999 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 3 Bathrooms
- Generous living space spanning 1200-1399 sqft
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Primary Bedroom - Main Floor
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Experience the Pinnacle of Industrial-Modern Living at Waterworks Welcome to one of the builders crown jewel units at the Waterworks development inspired by a desire to preserve Torontos industrial legacy and to integrate modern living.The suite is an exceptional 2-bedroom, 3-bathroom residence that defines luxury living. Boasting 9-foot ceilings with expansive windows and breathtaking panoramic and CN Tower views.Situated in the vibrant core of the King/Queen West area, this home places you in the center of Torontos best dining, nightlife and entertainment. With unparalleled access to transit, including a 5-minute walk to the in progress Queen/Spadina subway station on the new Ontario Line, access to all that Toronto has to offer has never been easier.The living space is spacious and open concept. Step onto the wrap-around private terrace, where a gas hookup for a BBQ and water access provide the perfect setting for outdoor dining and relaxation. In addition, there is an exciting opportunity to add a gas fireplace with rough in already in place, adding warmth and charm .Along with the elegance and spectacular views comes the practicality of one parking space and two side-by-side lockers. Convenience is at the forefront of this exceptional offering.Residents of Waterworks enjoy a 24/7 concierge, a state-of-the-art fitness center with a garden terrace, a multi-room lounge and rooftop terrace and a pet spa. The Food Hall integrated within the building adds to the dynamic lifestyle that Waterworks offers. The adjoining St. James Playground and Dog Park and the soon to be opened YMCA, with an indoor pool and basketball court make this an ideal setting for both recreation and relaxation.This unique and beautiful residence is a rare opportunity to own one of the most sought-after units in the building. Book your private showing today!
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Clear View, Hospital, Park, Public Transit, School
Interior Features
Primary Bedroom - Main Floor
Security Features
Community Features
Location
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 1005, Toronto C01, 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 $1,799,999 in Toronto, the legal minimum down payment is $360,000 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 $32,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $32,475 also applies, bringing the total estimated land transfer taxes to $64,950.
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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.
