505 Richmond Street, Toronto, ON

$1,479,000
MLS#:C12447343
2 beds
2 baths
1000-1199 sqft
1.0 parking
Residential Condo & Other
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $1,479,000 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
  • 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

Description

Experience luxury living at its finest in this stunning two-bedroom, two-bathroom builder's corner suite, the first southeast exposure residence to come to market at the highly coveted Waterworks Residences. This 1,055 square foot urban sanctuary sits perched above the tree-covered expanse of St. Andrews Park, offering the perfect balance of privacy, natural light, and contemporary design. Thoughtfully upgraded throughout, the suite presents a seamless blend of sophistication and comfort, creating a rare opportunity within this landmark development. At the heart of the suite lies a custom-built nine-foot waterfall island with integrated wine fridge, complemented by premium Dekton countertops, full-height backsplash, and top-of-the-line 30-inch integrated appliances. Custom millwork cabinetry extends to a fully built-in pantry with concealed organizers, ensuring both function and refinement. Floor-to-ceiling windows frame lush park and skyline views, filling the open-concept living and dining area with light and warmth, an ideal setting for both quiet evenings and effortless entertaining. The king-sized primary suite features a spa-inspired four-piece ensuite with heated floors, stone vanity, and glass-enclosed shower, paired with an expansive walk-in closet fitted with custom organizers. The secondary bedroom enjoys morning light through its east-facing windows, his-and-hers closets, and access to a modern three-piece semi-ensuite. Complete with designer lighting, wide-plank flooring, motorized blinds, a smart thermostat with dual-zone HVAC, a premium Level 2 parking space, and an oversized private locker, Suite 526 combines elevated design, natural serenity, and urban convenience in one of Toronto's most celebrated architectural addresses.

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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 DateOctober 16, 2025
Sold price information is available to members only
Listed Date10/6/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionAluminum Siding, Brick
BasementNone
CountyToronto
Annual Tax$6,287.39

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, 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 526, Toronto C01, ON M5V 1Y3

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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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$295,800 (20.0%)
* Minimum Canadian down payment required for this price is $295,800.
Amortization Period25 Years
Estimated Monthly Payment$7,051Based on a loan of $1,183,200 over 25 years.
Purchase Price$1,479,000
Loan Amount$1,183,200
Provincial Land Transfer Tax:$26,055
Toronto Municipal Land Transfer Tax:$26,055
Total Estimated Closing Taxes:$52,110

About Purchasing a Home in Toronto, ON

For a property listed at $1,479,000 in Toronto, the legal minimum down payment is $295,800 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 $26,055 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $26,055 also applies, bringing the total estimated land transfer taxes to $52,110.

Nearby Listings

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No current listings found in Toronto.

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City & 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$791,540

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.