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New4 hours ago

1213 - 505 Richmond Street W

Waterfront Communities C1, Toronto

$999,000

Condo Apartment |
2 | 2 | 1 | 1
About this home

An exceptional opportunity at Waterworks, one of King West's most architecturally distinctive addresses. This beautifully appointed two-bedroom, two-bathroom corner suite offers an expansive, thoughtfully designed layout and a rare 200 sq. ft. northwest-facing terrace with unobstructed city views, a BBQ gas line, and no neighbouring unit directly above. The result is an uncommon sense of openness, privacy, and natural light, both indoors and out.The generous open-concept living and dining areas flow seamlessly onto the terrace, creating an ideal setting for everyday living and entertaining. A sophisticated kitchen with premium European appliances and a large centre island anchors the space. The primary bedroom features double closets and a beautifully appointed ensuite, while the second bedroom is conveniently positioned adjacent to the second full bathroom, offering flexibility for guests, family, or a home office.Complete with parking featuring EV wiring and a separate locker, this suite delivers both style and practicality. Residents enjoy direct access to the Waterworks Food Hall and YMCA, with St. Andrew's Playground Park, some of Toronto's best restaurants, independent boutiques, and the energy of King West just steps away. A unique offering that combines contemporary design, exceptional outdoor space, and the convenience of downtown living.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size800-899 sq. ft.
Maintenance Fees$804
LockerOwned
BalconyTerrace
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$6,016
mls© NumberC14092612
Listed ByROYAL LEPAGE SIGNATURE REALTY
Heat Included
Water Included
Common Elements Included
Building Insurance Included
Parking Included
CAC Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,113
Property tax
$501
Heat allowance
$150
Condo fees, half counted
$402
Housing costs
$6,167 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $199,800
25-yr amortization

Income needed

$190,000

gross annual household income

Payment at 4%
$4,204 / mo
Cash down
$199,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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