Condo for sale at 527-505 Richmond Street, Toronto, Ontario, M5V 0P4 - Waterfront Communities C1 - MLS: C12770516

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527-505 Richmond Street

Toronto, Ontario, M5V 0P4 - Waterfront Communities C1

$1,399,000

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Neighbourhood

Waterfront Communities C1
Major Intersection

Richmond/Brant

Listed Since: 2 day(s)
Last update: today

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Overview

Property Type

Condo Apt, Apartment
Bedrooms

2
Bathrooms

2
Square Feet

1000-1199
Exposure

South West
Total Parking

1 Underground Garage
Maintenance

$937
Taxes

$6,145.81 (2025)
Balcony

Open

Property Description

Property description for 527-505 Richmond Street, Toronto

Award-winning Waterworks, a premier and highly sought-after condominium in the heart of Queen & Spadina, offers an exceptional combination of style, location, and lifestyle. Suite 527 is a bright two-bedroom corner suite featuring a highly efficient layout with no wasted space, ideal for both everyday living and entertaining. Southwest-facing windows provide natural light and frame stunning city views, creating a warm and inviting atmosphere throughout.The original owner invested over $100,000 in high-end upgrades, ensuring premium finishes and meticulous attention to detail. The spacious, well-appointed kitchen includes a pantry and large storage cabinet, perfect for organization. Additional storage is abundant, with a walk-in hall closet, while the private balcony overlooks the stunning, newly redesigned St. Andrews Playground Park. Waterworks offers an unbeatable lifestyle. Residents enjoy the convenience of a brand-new YMCA in the building, plus access to the vibrant Waterworks Food Hall, featuring fresh, local ingredients and a variety of cuisines just steps from your door. With world-class shopping, dining, and entertainment nearby, plus excellent transit connections, this location brings downtown Toronto to your doorstep. Meticulously maintained and move-in ready, this suite is part of a landmark building recognized with the 2025 Toronto Urban Design Award in conjunction with St. Andrews Playground Park, reflecting both outstanding architecture and a commitment to community.This suite presents a rare opportunity to live in a bright, fully upgraded, and elegant home in one of Toronto's most coveted buildings. Move in and enjoy the ultimate combination of comfort, convenience, and urban sophistication.

Listed by CHESTNUT PARK REAL ESTATE LIMITED

Property details

MLS #

C12770516
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

0-5
Basement

None
View

n/a
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

n/a
Building Amenities

Concierge,Gym,Bike Storage,Party/Meeting Room,Visitor Parking
Maintenance Fee Includes

Heat, Parking
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 #

C12770516
Sq. Ft

1000-1199
Sq. Ft. Source

MLS
Year Built

0-5
Basement

None
View

n/a
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

n/a
Building Amenities

Concierge,Gym,Bike Storage,Party/Meeting Room,Visitor Parking
Maintenance Fee Includes

Heat, Parking
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

Living

7.09 x 3.48 ft Main level

Open Concept, Combined W/Living, W/O To Balcony
Dining

7.09 x 3.48 ft Main level

Open Concept, Combined W/Living, Window Flr to Ceil
Kitchen

4.09 x 3.91 ft Main level

Stone Counter, Centre Island, Pantry
Primary

3.58 x 3.28 ft Main level

4 Pc Ensuite, W/I Closet, Window Flr to Ceil

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

561

Average Selling Price of a Condo Apt

January 2026

$658,748

Last 3 Months

$695,763

Last 12 Months

$748,750

January 2025

$699,075

Last 3 Months LY

$723,594

Last 12 Months LY

$775,200

Change

-6%

Change

-4%

Change

-3%

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

Average Selling Price

3 years ago

$758,028

Average Selling Price

5 years ago

$671,397

Average Selling Price

10 years ago

$486,913

Change

-13%

Change

-2%

Change

35%

Number of Condo Apt Sold

January 2026

Last 3 Months

Last 12 Months

108

January 2025

Last 3 Months LY

Last 12 Months LY

124

Change

-4%

Change

-3%

Change

-13%

Average Selling price

Inventory Graph

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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.