Condo for sale at 505-505 Richmond Street, Toronto, Ontario, M5V 0P4 - Waterfront Communities C1 - MLS: C12559056

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505-505 Richmond Street

Toronto, Ontario, M5V 0P4 - Waterfront Communities C1

$1,475,000

Neighbourhood

Waterfront Communities C1
Major Intersection

Richmond & Brant

Listed Since: 1 day(s)
Last update: today

Overview

Property Type

Condo Apt, Apartment
Bedrooms

2
Bathrooms

2
Square Feet

1000-1199
Exposure

South East
Total Parking

1 Underground Garage
Maintenance

$951
Taxes

$6,628.42 (2025)
Balcony

Open

Property Description

Property description for 505-505 Richmond Street, Toronto

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.

Listed by PSR

Property details

MLS #

C12559056
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Metal/Side
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Water
Property Management

Icc Property Management
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 #

C12559056
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

Yes-with Restrictions
Exterior

Metal/Side
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

n/a
Maintenance Fee Includes

Heat, Water
Property Management

Icc Property Management
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

Foyer

0.0 x 0.0 ft

hardwood floor, Closet, Pot Lights
Kitchen

0.0 x 0.0 ft

Combined W/Living, B/I Appliances, Centre Island
Living

0.0 x 0.0 ft

Combined W/Kitchen, O/Looks Park, W/O To Balcony
2nd Br

0.0 x 0.0 ft

hardwood floor, Large Window, Closet
Primary

0.0 x 0.0 ft

4 Pc Ensuite, Double Closet, South View

Contact Manoj Kukreja

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

Property History

Property history for 505-505 Richmond Street, Toronto

This property has been sold 2 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Neighbourhood Amenities & Points of Interest

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

Active listings

713

Average Selling Price of a Condo Apt

October 2025

$744,134

Last 3 Months

$726,140

Last 12 Months

$755,687

October 2024

$814,702

Last 3 Months LY

$781,158

Last 12 Months LY

$783,854

Change

-9%

Change

-7%

Change

-4%

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

Average Selling Price

3 years ago

$812,501

Average Selling Price

5 years ago

$736,446

Average Selling Price

10 years ago

$480,397

Change

-8%

Change

55%

Number of Condo Apt Sold

October 2025

132

Last 3 Months

130

Last 12 Months

109

October 2024

160

Last 3 Months LY

128

Last 12 Months LY

124

Change

-17%

Change

-12%

How many days Condo Apt takes to sell (DOM)

October 2025

Last 3 Months

Last 12 Months

October 2024

Last 3 Months LY

Last 12 Months LY

Change

26%

Change

18%

Change

19%

Average Selling price

Inventory Graph

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First time home buyer

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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.