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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 $1,449,000 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.
Perched atop the award-winning Waterworks Building, this stunning penthouse-level corner suite offers over 1,000 square feet of meticulously designed interior space, paired with an expansive private terrace that captures the most unforgettable west-facing sunsets in the heart of King West. This intelligently designed split two-bedroom, two bathroom layout is anchored by soaring 10-foot ceilings and full-height west-facing windows in every principal room, flooding the space with natural light. Wide-plank hardwood flooring runs seamlessly throughout, complemented by custom lighting, elegant pot lights, and a sleek gas fireplace that creates an inviting ambiance for both entertaining and everyday living. The heart of the home is the chefs kitchen, centred around an oversized island with integrated wine fridge. Top-tier 30 appliances are seamlessly built in, while custom cabinetry and a pantry offer ample and refined storage solutions. The open-concept living and dining areas enjoy direct access to the private 320 square foot terrace, offering gas line for bbq, and sweeping views over treetops and the city beyond. The king-sized primary bedroom is a true retreat, complete with motorized blackout blinds, a walk-in closet outfitted with custom organizers, and a spa-inspired five-piece ensuite featuring a deep soaker tub and double vanity. The second bedroom, currently utilized as a home office, also features motorized blinds, dual closets, and easy access to a stylish three-piece bath, making it ideal for guests or shared living. Additional upgrades include custom millwork, custom lighting, automated window coverings throughout, and secure underground parking with EV charging capability. A full-size locker located on the same level as the parking space offers added convenience. With its unmatched layout, premium finishes, and a rare terrace oasis, this penthouse at Waterworks is a rare opportunity to enjoy sophisticated urban living.
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Electric Car Charger, Park, Public Transit
Carpet Free
Concierge/Security
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 505 Richmond Street W 1303, Toronto C01, ON M5V 0P4
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 $1,449,000 in Toronto, the legal minimum down payment is $289,800 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 $25,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $25,455 also applies, bringing the total estimated land transfer taxes to $50,910.
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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.