631 - 505 Richmond Street W, Toronto, ON M5V 1Y3
Waterfront Communities, Toronto · Near Richmond Street West & Brant Street, Toronto · View map
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!
The home
- Type
- Condo apartment
- Style
- Apartment
- Square footage
- 0-499 sq ft
- Bedrooms
- 1
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 5
- Basement
- None
- Faces
- South
- Level
- 6
- Balcony
- Juliette
- Laundry
- In-Suite Laundry
- Approximate age
- 0-5 years
Ownership & fees
- Ownership
- Condominium
- Maintenance fee
- $483.47/mo
- Fee includes
- Building Insurance, Common Elements
- Complex
- TSCC 2874
- Property management
- ICC Property Management
- Pets
- Allowed, with restrictions
- Locker
- Owned
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Underground
- Total parking
- None
Taxes & other
- Property taxes
- $2,541/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- TBA
- Cross street
- Richmond Street West & Brant Street, Toronto
- Neighbourhood
- Waterfront Communities
More
- Price per sq ft
- ~$2,520 (at 250 sq ft)
- Listed
- Oct 15, 2026 · today
- MLS® number
- C14084244
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The home and its surroundings
- Built-In Oven
Included in the maintenance fee
- Building Insurance
- Common Elements
Shared in the complex
- Bike Storage
- Concierge
- Elevator
- Visitor Parking
- Shared Dock
- Party Room/Meeting Room
- 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 1Y3
Waterfront Communities, Toronto · Near Richmond Street West & Brant Street, Toronto
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Listing history for 505 Richmond Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 631 - 505 Richmond Street W
Answers come straight from this home’s MLS® listing.
How much is 631 - 505 Richmond Street W listed for, and what would it cost each month?
631 - 505 Richmond Street W is listed for $630,000. With 20% down ($126,000), the mortgage payment would be roughly $2,541 a month at 4.5% over 30 years. Add property tax and the maintenance fee and the estimate comes to about $3,236 a month, all in. That figure is an illustration, not a quote.
Is 631 - 505 Richmond Street W freehold or a condo, and is there a monthly fee?
631 - 505 Richmond Street W is a condo apartment in Waterfront Communities, Toronto. Ownership is condominium: you own the unit and a condo corporation looks after the common elements. The maintenance fee is $483.47 a month. The listing says it covers building insurance, common elements. Fees can change, so confirm the current amount in the status certificate.
How many bedrooms and bathrooms does 631 - 505 Richmond Street W have?
631 - 505 Richmond Street W has 1 bedroom and 1 bathroom.
Does 631 - 505 Richmond Street W have a garage and parking?
Yes. The listing shows the garage as underground. The listing does not include a parking space.
Does 631 - 505 Richmond Street W have a finished basement?
No. The listing shows no basement for this home.
What style of home is 631 - 505 Richmond Street W?
631 - 505 Richmond Street W is a condo apartment. A condo apartment is a unit in a multi-storey building, owned outright, with a monthly fee for the shared parts of the building.
How big is 631 - 505 Richmond Street W?
The listing puts the home between 0 and 499 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 631 - 505 Richmond Street W heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 631 - 505 Richmond Street W?
Property taxes are $2,541 a year (2026), or about $212 a month.
Are pets allowed at 631 - 505 Richmond Street W?
Pets are allowed, with restrictions. A condo corporation can limit the size, number or type of pet, so check the condo corporation’s rules before you offer.
Where is 631 - 505 Richmond Street W?
631 - 505 Richmond Street W is in the Waterfront Communities community of Toronto. The nearest main intersection is Richmond Street West & Brant Street, Toronto. The postal code is M5V 1Y3.
How long has 631 - 505 Richmond Street W been on the market?
631 - 505 Richmond Street W was listed on October 15, 2026. It came on the market today. It is an active listing (MLS® C14084244). Listings here update from the board through the day and come down once a home sells.
What are similar condos near 631 - 505 Richmond Street W asking?
Similar condos for sale nearby right now include 708 - 505 Richmond Street W at $635,000 (1 bed), 714 - 505 Richmond Street W at $839,900 (2 bed) and 424 - 505 Richmond Street W at $849,000 (2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 505 Richmond Street sold for?
Recent sales, leases and expired listings for this home and others at the same address 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 631 - 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 home and get an answer, usually within the hour.
Similar condos nearby
More condos for sale near Waterfront Communities, picked by style, size and price.
Condo apartment$635,000708 - 505 Richmond Street W, Toronto1 bed · 1 bath · Waterfront CommunitiesCourtesy of: BOSLEY REAL ESTATE LTD.View home →
Condo apartment$839,900714 - 505 Richmond Street W, Toronto2 bed · 2 bath · Waterfront CommunitiesCourtesy of: UNION CAPITAL REALTYView home →
Condo apartment$849,000424 - 505 Richmond Street W, Toronto2 bed · 2 bath · Waterfront CommunitiesCourtesy of: CHESTNUT PARK REAL ESTATE LIMITEDView home →Courtesy of: HOMELIFE LANDMARK REALTY INC.
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.