| Building Insurance Included | |
| Common Elements Included |
New2 hours ago
631 - 505 Richmond Street W
Waterfront Communities C1, Toronto
$630,000
Condo Apartment |
1 | 1 | 0 | 1
About this home
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!
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | 0-5 |
| Size | 0-499 sq. ft. |
| Maintenance Fees | $483 |
| Locker | Owned |
| Balcony | Juliette |
| Exposure | South |
| Parking Type | None |
| Parking Spaces | 0 |
| Parking Features | None |
| Property Tax | $2,541 |
| mls© Number | C14084244 |
| Listed By | HOMELIFE LANDMARK REALTY INC. |
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%
- $3,225
- Property tax
- $212
- Heat allowance
- $150
- Condo fees, half counted
- $242
- Housing costs
- $3,828 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $126,000
25-yr amortization
Income needed
$118,000
gross annual household income
- Payment at 4%
- $2,651 / mo
- Cash down
- $126,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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