424 - 505 Richmond Street W, Toronto, ON M5V 0P4
Waterfront Communities, Toronto · Near Portland St & Richmond St W · View map
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.
The home
- Type
- Condo Apartment
- Square footage
- 700-799 sq ft
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 5
- Floor
- 4th
- Exposure
- West
- Balcony
- Open
- View
- City, Downtown, Park/Greenbelt, Trees/Woods
- Laundry
- Ensuite
Building & fees
- Maintenance fee
- $759.43/mo
- Fee includes
- Heat, CAC, Common Elements, Building Insurance
- Condo corporation
- Waterworks Condos
- Property management
- ICC Property Management 416-366-7125
- Pets
- Allowed, with restrictions
- Locker
- Owned
- Security
- Carbon Monoxide Detectors, Concierge/Security, Heat Detector, Smoke Detector
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Parking
- Parking spaces
- 1
- Garage
- Underground
Taxes & other
- Property taxes
- $4,220/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- TBA
- Cross street
- Portland St & Richmond St W
- Neighbourhood
- Waterfront Communities
More
- Price per sq ft
- ~$1,173 (at 750 sq ft)
- Listed
- Sep 28, 2026 · 13 days ago
- MLS® number
- C13834028
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Included in the maintenance fee
- Heat
- CAC
- Common Elements
- Building Insurance
The unit and its surroundings
- Built-In Oven
- Arts Centre
- Electric Car Charger
- Hospital
- Library
- Park
- Place Of Worship
- Built-In-BBQ
- Landscaped
- Lighting
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
505 Richmond Street, Toronto, ON M5V 0P4
Waterfront Communities, Toronto · Near Portland St & Richmond St W
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Listing history for 505 Richmond Street
See what this unit and others in the building were listed for, what they sold for, and how long it took.
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Frequently asked questions about 424 - 505 Richmond Street W
Answers come straight from this condo’s MLS® listing.
How much is 424 - 505 Richmond Street W listed for?
424 - 505 Richmond Street W is listed for $880,000. With 20% down ($176,000), the mortgage payment would be roughly $3,550 a month at 4.5% over 30 years, before the maintenance fee and property tax. That figure is an illustration, not a quote.
How many bedrooms and bathrooms does 424 - 505 Richmond Street W have?
424 - 505 Richmond Street W has 2 bedrooms and 2 bathrooms.
How big is 424 - 505 Richmond Street W?
The listing puts the unit between 700 and 799 sq ft. The board reports a range rather than an exact figure, and it does not include a balcony or terrace.
What type of home is 424 - 505 Richmond Street W?
424 - 505 Richmond Street W is a condo apartment in Waterfront Communities, Toronto. The unit is on the 4th floor, facing west.
What are the maintenance fees at 424 - 505 Richmond Street W, and what do they cover?
The maintenance fee is $759.43 a month. The listing says it covers heat, cac, common elements, building insurance. Fees can change, so confirm the current amount in the status certificate.
Does 424 - 505 Richmond Street W come with parking and a locker?
The listing includes 1 parking space. The locker is listed as owned.
Are pets allowed at 424 - 505 Richmond Street W?
Pets are allowed, with restrictions. Buildings often limit the size, number or type of pet, so check the condo rules before you offer.
How is 424 - 505 Richmond Street W heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 424 - 505 Richmond Street W?
Property taxes are $4,220 a year (2025), or about $352 a month.
What neighbourhood is 424 - 505 Richmond Street W in?
424 - 505 Richmond Street W is in the Waterfront Communities community of Toronto. The nearest main intersection is Portland St & Richmond St W. The postal code is M5V 0P4.
Is 424 - 505 Richmond Street W still for sale?
Yes. 424 - 505 Richmond Street W is an active listing (MLS® C13834028), on the market since September 28, 2026. Listings here update from the board through the day and come down once a condo sells.
What have condos at 505 Richmond Street sold for?
Recent sales, leases and expired listings for this unit and the rest of the building are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 424 - 505 Richmond Street W?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this condo and get an answer, usually within the hour.
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax and the maintenance fee. For illustration only.