505 Richmond Street W







Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Source: Unit 505
Highlights
- Property Type:
- Condo
- Number of Storeys:
- 13
- Number of Units:
- 299
- Condo Completion:
- 2020
- Condo Demand:
- Medium
- Unit Size Range:
- 400 - 2,398 SQFT
- Unit Availability:
- Medium
- Property Management:
- No Data
Amenities
About 505 Richmond Street W — WaterWorks Condos
WaterWorks Condos is a Toronto condo located at 505 Richmond Street W in the Queen West neighbourhood. The condo was completed in 2020 and features 299 units over 13 storeys. Toronto condo for sale here range from 400 square feet, up to 2398 square feet.
This condo has an excellent Walk Score of 100 and an average demand ranking, based on Strata.ca’s analytics. Maintenance fees at 505 Richmond Street W are $0.89 per-square-foot, which is notably higher than the city average of about $0.67.
The Suites
The average cost per-square-foot for a unit at 505 Richmond Street W is $1,202 based on the past 12 months of sales, making this one of the most expensive buildings in the area. These suites have a medium probability of receiving multiple offers.
Units at WaterWorks Condos spend 19 days on the market on average and usually sell for -1.49% below the listing price. In the last 12 months, 56 units have rented, and 10 have sold.
The Neighbourhood
Living here means you’re just a 3-minute walk from Java House, Arepa Café TO and I Love Sushi, making it easy to dazzle your taste buds without much effort. If you’ve come to Queen West for the coffee, then you’re in the right place — as both Aroma Espresso Bar, Fahrenheit Coffee and CACAO 70 Eatery are just steps away.
Grocery pick-ups are made easy thanks to Winstons Grocery, Loblaws and Harrington Fine Foods within a 6-minute walk.
WaterWorks Condos is a great choice for residents who are money conscious — with banks like BMO Bank of Montreal nearby.
This condo is also situated within minutes of green spaces like St. Andrew's Off Leash Dog Park, St. Andrew's Market and Playground and Alex Wilson Parkette.
Enhance your personal style while living in the Queen West neighbourhood by visiting Shoppes on Queen West, Beam.city and Chinatown Centre.
Attractions like Graffiti Alley, The Richmond and Moniker Gallery are also nearby. CineCycle is just a short drive away for movie nights.
Enjoy the convenience of 505 Richmond Street W being 11 minutes away from ALPHA Alternative Junior School, Downtown Vocal Music Academy of Toronto and St. Mary Catholic Elementary School making school pick-up a breeze! This location is a great choice for families who are seeking top-notch educational institutions like E F High School Year, Oasis Alternative Secondary School and Apex Academy Online.
Transportation
With a 100 walk score, public transit users can reach the nearest light transit stop at Richmond St w at Spadina Ave in just minutes. Those who live in the area can easily drive to Osgoode, just 2 minutes from the building.
Curious about similar condos in the area? Check out 500 Richmond Street W, 38 Cameron St and 2 Augusta Avenue — all within walking distance.
- Heat
- Included
- Air Conditioning
- Included
- Hydro
- Not Included
- Water
- Not Included
Listing History for WaterWorks Condos


Reviews for WaterWorks Condos

Listings For Sale
Interested in receiving new listings for sale?
Listings For Rent
Interested in receiving new listings for rent?
Similar Condos
Explore Queen West
Map
Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Building Trends At WaterWorks Condos
Days on Strata
List vs Selling Price
Offer Competition
Turnover of Units
Property Value
Price Ranking
Sold Units
Rented Units
Best Value Rank
Appreciation Rank
Rental Yield
High Demand
Market Insights
Transaction Insights at WaterWorks Condos
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
|---|---|---|---|---|
| Price Range | $646,000 - $895,000 | No Data | $1,130,000 - $1,720,000 | $1,400,000 |
| Avg. Cost Per Sqft | $1,111 | No Data | $1,439 | $1,449 |
| Price Range | $2,250 - $3,625 | $2,595 - $4,400 | $2,995 - $6,200 | $6,200 - $6,800 |
| Avg. Wait for Unit Availability | 102 Days | 329 Days | 73 Days | 577 Days |
| Avg. Wait for Unit Availability | 19 Days | 59 Days | 18 Days | 228 Days |
| Ratio of Units in Building | 38% | 9% | 50% | 5% |
Market Inventory
Total number of units listed and sold in Queen West






