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New10 hours ago

424 - 505 Richmond Street W

Waterfront Communities C1, Toronto

$880,000

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

Exceptional Loft Living at The Waterworks! This uber-cool suite is at one of King West's most coveted addresses. Suite 424 offers a rare combination of architectural character, sophisticated design, and an enviable downtown lifestyle. This bright two-bedroom, two full-bathroom suite comes with parking and a locker. One of only two floors in the building with soaring 10-foot ceilings, creating an impressive sense of volume and natural light. The highly efficient layout maximizes every square foot, with a seamless flow ideal for both everyday living and entertaining. The sophisticated kitchen features premium European appliances and a generous centre island. The primary suite offers two closets, including a walk-in, and a luxurious five-piece spa-inspired ensuite with signature Waterworks fixtures, a deep soaker tub, and a separate walk-in shower with a rain showerhead. Custom blackout blinds and sleek display shelving add comfort and style. A large south-facing balcony overlooks the landscaped courtyard and cityscape, while the newly redesigned St. Andrew's Playground Park enhances the setting. Residents enjoy a brand-new YMCA within the building and the vibrant Waterworks Food Hall, offering an exciting selection of cuisines made with fresh, local ingredients. World-class shopping, dining, entertainment, and transit are all at your doorstep. Recognized with the 2025 Toronto Urban Design Award in conjunction with St. Andrew's Playground Park, Waterworks is a landmark address celebrated for its architecture and community impact. This meticulously maintained, move-in-ready suite offers elevated loft living in the heart of King West. Sophisticated, stylish, and exceptionally located-an extraordinary opportunity at The Waterworks.

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nest zoom realty
(416) 276-9973
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$759
LockerOwned
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$4,220
mls© NumberC13834028
Listed ByCHESTNUT PARK REAL ESTATE LIMITED
Heat Included
CAC Included
Common Elements Included
Building Insurance Included

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$4,504
Property tax
$352
Heat allowance
$150
Condo fees, half counted
$380
Housing costs
$5,386 / mo

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

Down payment20% · $176,000
25-yr amortization

Income needed

$166,000

gross annual household income

Payment at 4%
$3,703 / mo
Cash down
$176,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

Waterfront Communities C1
Condo apartment · June – August 2026
Cool

For condo apartment listings, Waterfront Communities C1 is currently leaning buyers' way — there is more choice and more room to negotiate. Over June – August 2026, homes here typically sold in about 40 days and fetched 94% of the asking price. Buyer competition is running hotter than the same months last year.

Demand
0.37
Avg days on market
40 d
Sale-to-list
94%
Price change (YoY)
-3.3%

Based on 349 sales

Market balance
Condo Apartment sales vs new listings in Toronto C01 · last 3 months

0.33

Buyer's market

Buyer'sSeller's
Days on market
Condo Apartment in Toronto C01

42days

+3 days vs the same month last year

Average sold price
Condo Apartment in Toronto C01 · last 12 months

$663,406

-9.6% vs a year ago

Nearby listings

Comparable sales

  • No similar listings found.