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 brick construction, this residence presents an exceptional opportunity offered at $1,160,000 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
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient heat pump heating via gas
Description
Bright South-Facing Urban Oasis at Waterworks! Discover luxury living in this stunning 2- bedroom, 2-bath suite at the award-winning Waterworks - where heritage architecture meets contemporary design in the heart of vibrant King and Queen West. This sun-drenched unit features soaring 9-foot ceilings, expansive south-facing windows, wide-plank wood flooring, abundant storage, and a spacious balcony- perfect for entertaining. Enjoy a sleek, modern layout and the convenience of being steps from Toronto's best restaurants, nightlife, and entertainment. With unbeatable access to transit, including the upcoming Ontario Lines Queen/Spadina station just a 5-minute walk away, the city is at your doorstep. Residents benefit from premium amenities including a 24-hour concierge, state-of-the-art gym with garden terrace, pet spa, rooftop lounge, and an integrated Food Hall. Adjacent to St. Andrew Park and Dog Run, and steps to the soon-to-open YMCA with indoor pool and basketball court, this location truly has it all - comfort, community, and convenience.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Clear View, Park, Public Transit, School
Interior Features
Carpet Free
Security Features
Concierge/Security
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 832, Toronto C01, ON M5V 0P4
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 $1,160,000 in Toronto, the legal minimum down payment is $232,000 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 $19,675 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $19,675 also applies, bringing the total estimated land transfer taxes to $39,350.
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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.
