For Sale
Just Listed
505 Richmond Street W 623 #623
Waterfront Communities C1, Toronto, ON
$839,000
2Bd
1Ba
650+sqft
0Parking
$1291/sqft
CondoMLS# C13045462Listed 2026-04-260 DOM
Cooling
Central Air
Just listed! New listings in Toronto often receive offers within the first week.
About this home
Overlooking St. Andrew's Park in the iconic Waterworks Residences, this thoughtfully designed two-bedroom suite blends heritage character with modern living. Bathed in natural light through expansive floor-to-ceiling windows, the home opens seamlessly onto a large private balcony with east-facing sunrise views, creating an airy indoor-outdoor feel that lives far beyond its footprint.Nine-foot ceilings, integrated appliances, and a generous chef's island define the space, complemented by new flooring and designer-selected fixtures and upgrades. Residents enjoy access to a state-of-the-art YMCA, rooftop amenities, and a vibrant food hall - just steps from Queen West, King West, and the Financial District.
Rooms
Main Floor
| Primary Bedroom | 3.03 × 5.83 m | 4 Pc Ensuite Carpet Free Closet Organizers |
| Bathroom | 1.81 × 2.84 m | 4 Pc Ensuite Pocket Doors |
Other
| Bedroom 2 | 2.30 × 2.94 m | Sliding Doors Carpet Free Pot Lights |
Features
- Built-In Oven
- Carpet Free
- Countertop Range
- Separate Hydro Meter
- None
- Central Air
- Apartment
Financials
Annual Taxes
$3,333.07
Estimated Rental Income
Entire property$2,600 – $3,500/mo
Rental yield3.7% – 5.0%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Toronto
Days on market0 days
Buyer's MarketSeller's Market
Based on active listings in Toronto. Data updates daily.
Demographics — Toronto
Population
2,794,356
Avg Household Income
$102,000
Age Distribution
0-19
19%
20-34
24%
35-49
21%
50-64
19%
65+
17%
Ownership53% own · 47% rent
EnglishMandarinCantoneseTagalogTamil
Our estimate for this home
Estimated range
$588K – $684K
Mid-point $636K · ~$978/sqft
How this listing compares
$588KList · $839K$684K
High confidence·Based on 565 waterfront communities c1 comparables
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
80
/ 100
Walk Score
Very Walkable
86
/ 100
Transit Score
Excellent Transit
69
/ 100
Bike Score
Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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