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Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium metal/steel siding construction, this residence presents an exceptional opportunity offered at $1,425,000 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.
Some addresses just feel different and this one delivers. Perched on the corner of one of downtown Toronto's most celebrated boutique buildings, this rare 1,000+ sq ft suite redefines what urban living can look and feel like. Two bedrooms, two bathrooms, parking, and a locker - the fundamentals are all here. But it's the details that make it extraordinary. The kitchen is a statement. Fully appointed with premium Miele appliances and designed with the entertainer in mind, it's the kind of space that makes hosting feel effortless and evenings feel indulgent. Floor-to-ceiling windows wrap the entire suite, flooding every room with natural light and framing unobstructed south views including a front-row seat to the CN Tower. Step onto the upgraded balcony and you'll understand why this one is different. Custom turf underfoot, peaceful sightlines over St. Andrew's Park, and the quiet luxury of knowing you don't have to compromise. Downstairs, the Waterworks Food Hall awaits - one of the city's most acclaimed culinary destinations, right at your front door. Add top-tier building amenities, a layout that actually works, and a location that puts the best of Toronto within walking distance, and the picture becomes clear. This isn't just a condo. It's a standard of living.
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Data-driven valuation for 505 Richmond Street W 505, 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 $1,425,000 in Toronto, the legal minimum down payment is $285,000 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 $24,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $24,975 also applies, bringing the total estimated land transfer taxes to $49,950.
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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.