505 Richmond Street W, Unit 25 — photo 1

For sale

This one's priced above recent comparable sales, and new this week. Here's everything I've got — ask me anything about it.

Toronto · Toronto Region · Waterfront Communities C1

505 Richmond Street W, Unit 25

Condo Apartment

MLS® #C13986698

Listed for$975,0002 days on market

2 bed 2 bath 0 parking 700-799 sq ft~$1,301/sq ft

New this week
13 schools within 1 km
Streetcar ~100 m

Free · about 10 seconds

Is $975,000 a fair price?

Our read: it’s priced above recent comparable sales — based on 86 sales nearby. Sign in free to see exactly how far above it is, plus the full range comparable homes sold in.

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Measured against 86 recent comparable sales nearby — sign in free to see the range they sold in (boards require a verified email · VOW rules).

Est. all-in monthly~$5,575/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

13 schools within ~1 km · nearest streetcar ~0.1 km

Property information

What condo buyers ask first

Maintenance fee: $673 / month
Square footage: 700-799 sq ft
Parking: 0 spaces · Underground
Locker: Owned
Exposure: South
Balcony: Terrace
Property tax: $4,389 / yr
Building: 11-storey building · Ensuite laundry

Property summary

Property type: Condo Apartment
Style: Apartment
Parking: 0 spaces · Underground
Heating: Fan Coil
Air conditioning: Central Air
Basement: None
Kitchens: 1
Exterior: Brick, Concrete
Property tax: $4,389 / yr
MLS®: C13986698

Room dimensions

Primary Bedroom5 pc ensuite, b/i closet, south view

Flat4.23 × 2.74 m

Kitchencentre island, b/i appliances, pantry

Flat3.69 × 3.6 m

Living Roomw/o to terrace, south view

Flat4.57 × 3.2 m

Bedroom 2large window, closet, south view

Flat3.08 × 2.44 m

Dining Roomcentre island, b/i appliances, pantry

Flat3.69 × 3.6 m

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

Condo Apartment

$574,999

Above recent sales

525 Adelaide Street W, Unit 1623

2 bed · 2 bath·600-699 sq ft·1 parking·$507/mo fee

Toronto

Listed 1 day ago · Right At Home Realty

Condo Apartment

$579,000

Above recent sales

108 Peter Street, Unit 2011

1+1 bed · 2 bath·600-699 sq ft·$476/mo fee

Toronto

Listed 1 day ago · Home Standards Brickstone Realty

Condo Apartment

$549,000

Above recent sales

108 Peter Street, Unit 1003

2 bed · 2 bath·600-699 sq ft·$430/mo fee

Toronto

Listed 1 day ago · RE/MAX Realtron Realty Inc.

Condo Apartment

$1,123,000

Above recent sales

470 Front Street W, Unit 2003

2+1 bed · 2 bath·900-999 sq ft·1 parking·$1,050/mo fee

Toronto

Listed 1 day ago · RE/MAX Realty Specialists Inc.

Condo Apartment

$994,000

Above recent sales

88 Blue Jays Way, Unit 3509

2 bed · 2 bath·800-899 sq ft·1 parking·$940/mo fee

Toronto

Listed 1 day ago · Property.ca Inc.

Listing states: renovated

Condo Apartment

$660,000

Above recent sales

35 Mercer Street, Unit 1711

2 bed · 2 bath·600-699 sq ft·$494/mo fee

Toronto

Listed 1 day ago · Power 7 Realty

The numbers that matter

Maintenance fee: $673/mo
Property tax: $4,389/yr
Est. all-in: ~$5,575/mo

Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.

Schools

Schools near this home, closest first by straight-line distance. These are factual locations — AskEmma doesn’t rate or rank schools.

ALPHA Alternative Junior SchoolPublic · Elementary · Toronto DSB0.2 km
Oasis Alternative Secondary SchoolPublic · Secondary · Toronto DSB0.2 km
Ogden Junior Public SchoolPublic · Elementary · Toronto DSB0.4 km
St Mary Catholic SchoolCatholic · Elementary & Secondary · Toronto CDSB0.5 km
Downtown Vocal Music Academy of TorontoPublic · Elementary & Secondary · Toronto DSB0.5 km
Ryerson Community School Junior SeniorPublic · Elementary & Secondary · Toronto DSB0.5 km

Locations: Open Database of Educational Facilities (ODEF), Statistics Canada v2.1 (2022) · Open Government Licence – Canada. School locations as of 2022 — confirm current catchment and enrolment with the school board. For official provincial results, check EQAO.

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

Augusta AvenueNearest transit · Streetcar~100 m
University / Queen, Southwest EntranceNearest subway · Subway~1.1 km
Toronto Union StationNearest GO / rail · GO / regional rail~1.6 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — Toronto

$850KMedian sold

32Median days on market

98.6%Sale-to-list

Median sold price · Toronto1-yr 0% · 3-yr —

Source: TRREB sold data via Repliers · all property types

Neighbourhood demographics — Toronto

2,794,356Population (2021)

39.6Median age

$84,000Median household income

51.9%Home owners

48.1%Renters

2.4Avg household size

Source: Statistics Canada, 2021 Census

Description & details

A true two-bedroom at Waterworks - and a layout worth seeing. This thoughtfully designed split-bedroom suite offers two separate bedrooms, each with a south-facing window and its own full-size door, creating excellent privacy and separation.The bright, open living space enjoys an unobstructed south-facing view, bringing natural light and an exceptional sense of openness into the suite. The contemporary kitchen features integrated appliances, a generous island and ample workspace, flowing naturally into the living and dining area. Step outside to the 163 SF private terrace, a substantial extension of the living space with a gas hookup - perfect for outdoor dining, entertaining or simply enjoying the view. Set within the iconic Waterworks Residences, residents enjoy an exceptional downtown lifestyle with the renowned Waterworks Food Hall, YMCA, landscaped surroundings and a vibrant mix of restaurants, cafés, shopping, entertainment and culture just outside the door. Located in the heart of King West, with Queen West, the Financial District, transit and Toronto's downtown core all within easy reach.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by ZOLO REALTY. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.