Condo for sale at 612-505 Richmond Street, Toronto, Ontario, M5V 0P4 - Waterfront Communities C1 - MLS: C12377272

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612-505 Richmond Street

Toronto, Ontario, M5V 0P4 - Waterfront Communities C1

$1,295,000

Neighbourhood

Waterfront Communities C1
Major Intersection

Richmond St and Spadina Ave

Listed Since: 16 day(s)
Last update: today

Overview

Property Type

Condo Apt, Apartment
Bedrooms

2
Bathrooms

1
Square Feet

800-899
Exposure

North West
Total Parking

1 Underground Garage
Maintenance

$854
Taxes

$5,192.99 (2024)
Balcony

Open

Property Description

Property description for 612-505 Richmond Street, Toronto

The Waterworks building, by now, hardly needs any introduction... impeccably built, award-winning, well run and vibrant. This particular suite began as a two-bedroom layout and has been thoughtfully converted into a one-bedroom, resulting in an extraordinary sense of space and flow. The simple edit elevates the home into something unique: a residence with sweeping skyline and charming city views, paired with a generous corner balcony that extends the living outdoors. With meticulously upgraded lighting, kitchen cabinetry and custom wardrobes, double layered window treatments all allow to personalize the level of lighting and privacy to one's mood. The Signature split bathroom is smartly laid out to provide privacy when entertaining or when there is more than one occupant in the household. The option to convert back to a two bedroom is available and can be easily done (before closing, if so desired). Tasteful and beautiful local custom wood furniture combined with pieces from Danish design houses such as &Tradition and Audo (formerly Menu) can be all available for purchase. Vibrant Food Hall and patios, event spaces, flower shop, Susur Lee's restaurant, and now open YMCA with a pool, are right at the door. Surrounded by the Health and Wellness corridor and Ace hotel and many many more amenities, dining, shopping, and cultural experiences just beyond. Situated in one of downtown Toronto's most walkable neighbourhoods, this home offers an unmatched balance of privacy, community and connection to the city's best.The building, alone, has its own well equipped private gym, a stylish lounge/party room for private events, fantastic management and lively social events for residents. Also a spectacular rooftop with barbecues that hosts a summer cinema series.

Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY

Property details

MLS #

C12377272
Sq. Ft

800-899
Sq. Ft. Source

MLS
Year Built

0-5
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

N
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

Main
Building Amenities

Bike Storage,Exercise Room,Concierge,Gym,Party/Meeting Room,Rooftop Deck/Garden
Maintenance Fee Includes

Heat, Parking, Water
Property Management

ICC
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 #

C12377272
Sq. Ft

800-899
Sq. Ft. Source

MLS
Year Built

0-5
Basement

None
View

n/a
Garage

Underground, 1 spaces
Parking Type

Owned
Locker

Owned
Pets Permitted

N
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

Y
Laundry Level

Main
Building Amenities

Bike Storage,Exercise Room,Concierge,Gym,Party/Meeting Room,Rooftop Deck/Garden
Maintenance Fee Includes

Heat, Parking, Water
Property Management

ICC
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

Living

4.14 x 3.65 ft Main level

Centre Island, Ceramic Back Splash
Dining

4.07 x 2.4 ft Main level

Large Window, Open Concept
Kitchen

4.6 x 3.77 ft Main level

Open Concept, Balcony
Br

3.78 x 3.06 ft Main level

Large Window, Semi Ensuite, B/I Closet
Foyer

5.34 x 2.03 ft Main level

Closet, Combined W/Laundry
Other

3.66 x 2.4 ft Main level

Contact Manoj Kukreja

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

Property History

Property history for 612-505 Richmond Street, Toronto

This property has been sold 3 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

798

Average Selling Price of a Condo Apt

August 2025

$726,492

Last 3 Months

$736,449

Last 12 Months

$768,065

August 2024

$744,567

Last 3 Months LY

$800,925

Last 12 Months LY

$779,935

Change

-2%

Change

-8%

Change

-2%

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

Average Selling Price

3 years ago

$783,999

Average Selling Price

5 years ago

$785,903

Average Selling Price

10 years ago

$467,759

Change

-7%

Change

-8%

Change

55%

Number of Condo Apt Sold

August 2025

126

Last 3 Months

113

Last 12 Months

110

August 2024

115

Last 3 Months LY

114

Last 12 Months LY

120

Change

10%

Change

-1%

Change

-8%

How many days Condo Apt takes to sell (DOM)

August 2025

Last 3 Months

Last 12 Months

August 2024

Last 3 Months LY

Last 12 Months LY

Change

14%

Change

19%

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.