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    for sale
    5 Days on Strata
    Est Sell Timeframe:
    17 Days

    1222 - 0 Parking - 505 Richmond St W

    WaterWorks Condos5.0
    $1,100,000
    2 Beds
    2 Bath
    0 Parking
    752 SQFT
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    Price History

    Maintenance Fees:
    $692/mth
    Taxes:
    $5,522 (2025)
    Property Type:
    Condo
    Cost Per Sqft:
    $1,463/sqft
    Outdoor Space:
    Terrace
    Locker:
    Owned
    Possession Date:
    TBD
    Exposure:
    South

    Amenities

    BBQs Allowed
    Bike Storage
    Concierge
    Gym
    Games Room
    Rooftop Deck

    About this Listing

    The Waterworks Condos, located at 505 Richmond Street West in Toronto, is a mixed-use residential building that integrates a heritage-designated industrial building with a contemporary 13-story condominium. Completed in 2021, the development by MOD Developments and Woodcliffe Landmark Properties is situated in the Fashion District and overlooks St. Andrew's Park.

    marquis real estate corporationMLS® #C12551254

    Utilities & Inclusions

    Hydro
    Not Included
    Heat
    Not Included
    Air Conditioning
    Included
    Water
    Not Included
    Parking
    Not Included
    Building Maintenance
    Included
    Building Insurance
    Included
    Heating Type
    Fan Coil
    Heat Source
    Other
    Air Conditioning Type
    Central Air

    Dimensions

    Kitchen
    12.14 x 11.81ft
    Centre Island, Built-in Appliances, Built-in Shelves
    Living
    15.26 x 13.26ft
    Walkout To Terrace, South View
    Primary
    8.04 x 10.99ft
    5 Piece Ensuite, Built-in Closet, South View
    2nd Bedroom
    9.02 x 13.94ft
    Large Window, Closet, South View
    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

    Similar Listings

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    Walkability
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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    18,483
    Average Individual Income
    $71,628
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $108,396
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    43%
    Semi Detached
    25%
    Detached
    24%
    Low Rise Apartment
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Building Trends At WaterWorks Condos

    Days on Strata

    Units at WaterWorks Condos spend an average of
    19
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Queen West

    Turnover of Units

    On average, each unit is owned for
    5.2
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 53 condos in the Queen West area

    Sold Units

    10
    Units were Sold over the past twelve months

    Rented Units

    56
    Units were Rented over the past twelve months

    Best Value Rank

    WaterWorks Condos offers the
    ?
    best value out of 53 condos in the Queen West neighbourhood

    Appreciation Rank

    WaterWorks Condos has the
    ?
    highest ROI out of 53 condos in the Queen West neighbourhood

    Rental Yield

    WaterWorks Condos yields the
    ?
    highest rent prices out of 53 condos in the Queen West neighbourhood

    High Demand

    WaterWorks Condos is the
    ?
    most popular building out of 53 condos in the Queen West neighbourhood

    Market Insights

    Transaction Insights at WaterWorks Condos

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$646,000 - $895,000No Data$1,130,000 - $1,720,000$1,400,000
    Avg. Cost Per Sqft$1,111No Data$1,439$1,449
    Avg. Wait for Unit Availability102 Days329 Days73 Days577 Days
    Ratio of Units in Building38%9%50%5%

    Market Inventory

    Total number of units listed and sold in Queen West