Maintenance Fees
WaterWorks Condos vs The Queen West Area
for sale
3 Days on Strata
- Est Sell Timeframe:
- 17 Days
505 - 505 Richmond St W
$1,475,000
2 Beds
2 Bath
1 Parking
1,000 SQFT
Price History
- Maintenance Fees:
- $951/mth
- Taxes:
- $6,628 (2025)
- Property Type:
- Condo
- Cost Per Sqft:
- $1,475/sqft
- Outdoor Space:
- Balcony
- Locker:
- Owned
- Possession Date:
- TBD
- Exposure:
- South East
Amenities
Concierge
Rooftop Deck
BBQs Allowed
Gym
Party Room
Indoor Parking
Amenity details for reference only. Independently verify accuracy.
About this Listing
Discover sophisticated urban living in this rare, over 1,000sqft corner unit offering 2 bedrooms, 2 bathrooms, parking, and a locker. Designed for both comfort and style, the suite boasts an exceptional layout with a stunning entertainer's kitchen fully outfitted with premium Miele appliances--perfect for hosting or everyday luxury. Expansive floor-to-ceiling windows wrap the suite, bathing every room in natural light while showcasing unobstructed south views, including a striking CN Tower view. Step outside to the upgraded balcony, featuring custom turf, and enjoy peaceful sightlines over St. Andrew's Park. Second bedroom wall has been removed, now used as dining room, can be converted back with ease. Situated in one of Toronto's most celebrated boutique buildings, residents enjoy top-tier amenities and the added convenience of the Waterworks Food Hall right at their doorstep. This is downtown living at its finest--modern, refined, and steps from the best of the city.
ExtrasMiele Induction Cooktop, Miele Fridge, Miele Dishwasher, Blomberg Washer/Dryer, All ELFS and all window coverings.
psrMLS® #C12559056
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Included
- Air Conditioning
- Not Included
- Water
- Included
- Parking
- Included
- Building Maintenance
- Not Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Electric
- Air Conditioning Type
- Central Air
Dimensions
- Foyer
- 0 x 0ft
- hardwood floor, Closet, Pot Lights
- Kitchen
- 0 x 0ft
- Combined with Living, Built-in Appliances, Centre Island
- Living
- 0 x 0ft
- Combined with Kitchen, O/Looks Park, Walkout To Balcony
- 2nd Bedroom
- 0 x 0ft
- hardwood floor, Large Window, Closet
- Primary
- 0 x 0ft
- 4 Piece Ensuite, Double Closet, South View
Buyer's Market
Balanced
Seller's Market
Building Spotlight
Similar Listings
Explore Queen West
Map
10/10
Walkability
Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
10/10
Transit
Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
7/10
Bikeability
Your bike's the trusty steed in this urban jungle — giddy up!
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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
Household Income
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
AVERAGEchance 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 againProperty 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 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
