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1213 - 505 Richmond Street W
Waterfront Communities C1, Toronto
$999,000
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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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | 0-5 |
| Size | 800-899 sq. ft. |
| Maintenance Fees | $804 |
| Locker | Owned |
| Balcony | Terrace |
| Exposure | North West |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $6,016 |
| mls© Number | C14092612 |
| Listed By | ROYAL LEPAGE SIGNATURE REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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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.
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 checkInvestment Analysis
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