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505 Richmond Street Unit 631

Waterfront Communities C1 / Toronto C01, ON M5V 1Y3

ActiveFor Sale
1 Beds
1 Baths
Condo

About This Property

Experience sophisticated downtown living at the iconic Waterworks Residences! Located in the heart of Toronto's vibrant Fashion District, this stylish suite combines contemporary urban living with the charm of a beautifully restored heritage building. Enjoy an unbeatable location steps from St. Andrew's Playground, Waterworks Food Hall, Queen West, King West, The Well, trendy restaurants, cafés, shopping, and public transit. Exceptional building amenities include a concierge, fitness centre, party room, visitor parking, and bicycle storage. Includes a separate owned storage locker. An excellent opportunity for investors, first-time buyers, or anyone seeking a convenient downtown lifestyle in one of Toronto's most desirable neighbourhoods. Don't miss this opportunity!

Property Details

StatusActive
Property TypeCondo
Listing TypeFor Sale
Bedrooms1
Bathrooms1
LockerOwned
BalconyJuliette
ExposureSouth
Maint. Fee$483/mo
Taxes (2026)$2,541
Postal CodeM5V 1Y3
Last UpdatedOct 29, 2026 · 12:52 p.m.

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Features & Amenities

  • Balcony
  • Air Conditioning
  • Locker

Buying or selling in Toronto?

Filipe & Isabel Ferreira and the Team Filipe (RE/MAX Ultimate Realty Inc., Brokerage) represent buyers and sellers here. Local guides and live listings below.

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TRREB MLS® Attribution

MLS® C14084244

Listed by HOMELIFE LANDMARK REALTY INC.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$599,000

asking price

MLS®C14084244
TypeCondo
CityToronto C01
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$2,925

/month · $479,200 mortgage

Down Payment20% — $119,800
Interest Rate5.5%

Amortization

Total Interest

$398,299

Total Cost

$877,499

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

HOMELIFE LANDMARK REALTY INC.