Condo for sale at 424-505 Richmond Street, Toronto, Ontario, M5V 0P4 - Waterfront Communities C1 - MLS: C13834028

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424-505 Richmond Street

Toronto, Ontario, M5V 0P4 - Waterfront Communities C1

$849,000

Neighbourhood

Waterfront Communities C1
Major Intersection

Portland St & Richmond St W

Listed Since: 25 day(s)
Last update: 2 day(s) ago

Overview

Property Type

Condo Apt, Apartment
Bedrooms

2
Bathrooms

2
Square Feet

700-799
Exposure

West
Total Parking

1 Underground Garage
Maintenance

$759
Taxes

$4,220.21 (2025)
Balcony

Open

Property Description

Property description for 424-505 Richmond Street, Toronto

Exceptional Loft Living at The Waterworks! This uber-cool suite is at one of King West's most coveted addresses. Suite 424 offers a rare combination of architectural character, sophisticated design, and an enviable downtown lifestyle. This bright two-bedroom, two full-bathroom suite comes with parking and a locker. One of only two floors in the building, with soaring 10-foot ceilings, creating an impressive sense of volume and natural light. The highly efficient layout maximizes every square foot, with a seamless flow ideal for both everyday living and entertaining. The sophisticated kitchen features premium European appliances and a generous centre island. The primary suite offers two closets, including a walk-in, and a luxurious five-piece spa-inspired ensuite with signature Waterworks fixtures, a deep soaker tub, and a separate walk-in shower with a rain showerhead. Custom blackout blinds and sleek display shelving add comfort and style. A large south-facing balcony overlooks the landscaped courtyard and cityscape, while the newly redesigned St. Andrew's Playground Park enhances the setting. Residents enjoy a brand-new YMCA within the building and the vibrant Waterworks Food Hall, offering an exciting selection of cuisines made with fresh, local ingredients. World-class shopping, dining, entertainment, and transit are all at your doorstep. Recognized with the 2025 Toronto Urban Design Award in conjunction with St. Andrew's Playground Park, Waterworks is a landmark address celebrated for its architecture and community impact. This meticulously maintained, move-in-ready suite offers elevated loft living in the heart of King West. Sophisticated, stylish, and exceptionally located-an extraordinary opportunity at The Waterworks.

Listed by CHESTNUT PARK REAL ESTATE LIMITED

Property details

MLS #

C13834028
Sq. Ft

700-799
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

City, Downtown, Park/Greenbelt, Trees/Woods
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

Main
Building Amenities

n/a
Maintenance Fee Includes

Heat
Property Management

ICC Property Management 416-366-7125
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

C13834028
Sq. Ft

700-799
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

City, Downtown, Park/Greenbelt, Trees/Woods
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

Main
Building Amenities

n/a
Maintenance Fee Includes

Heat
Property Management

ICC Property Management 416-366-7125
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Local Real Estate Price Trends for Condo Apt in Waterfront Communities C1

Active listings

664

Average Selling Price of a Condo Apt

September 2026

$668,129

Last 3 Months

$688,677

Last 12 Months

$710,833

September 2025

$709,451

Last 3 Months LY

$726,964

Last 12 Months LY

$761,547

Change

-6%

Change

-5%

Change

-7%

Historical Average Selling Price of a Condo Apt in Waterfront Communities C1

Average Selling Price

3 years ago

$799,464

Average Selling Price

5 years ago

$844,927

Average Selling Price

10 years ago

$498,093

Change

-16%

Change

-21%

Change

34%

How many days Condo Apt takes to sell (DOM)

September 2026

Last 3 Months

Last 12 Months

September 2025

Last 3 Months LY

Last 12 Months LY

Change

-5%

Change

-2%

Change

Average Selling price

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.