714 - 505 Richmond Street W, Toronto, ON M5V 0P4
Waterfront Communities, Toronto · Near Richmond St W / Brant St · View map
About this home
Rare opportunity to own an exceptional residence in the iconic Waterworks Residences, where timeless heritage architecture meets sophisticated modern luxury. This beautifully appointed two-bedroom suite showcases elegant finishes, soaring 9-foot ceilings, and an abundance of natural light streaming through an impressive wall of floor-to-ceiling windows, creating a bright and inviting atmosphere throughout.Designed with both style and functionality in mind, the thoughtfully crafted open-concept layout flows effortlessly from room to room, maximizing both comfort and everyday living. The contemporary kitchen is a chef's dream, featuring integrated appliances, a generous centre island with ample workspace, and abundant counter space for cooking, entertaining, and gathering with family and friends. Step outside to your spacious private balcony-an ideal extension of your living space and the perfect setting to relax, unwind, or entertain while enjoying the vibrant downtown surroundings. Residents of Waterworks enjoy an unparalleled lifestyle with access to premium amenities, including a state-of-the-art YMCA fitness facility, spectacular rooftop amenities, and the renowned Waterworks Food Hall. Perfectly positioned in the heart of downtown Toronto, you're just steps from the boutiques, acclaimed restaurants, cafés, and nightlife of Queen West and King West, with the Financial District, transit, and countless urban conveniences only moments away. *Some Photos Have Been Virtually Staged*
The home
- Type
- Condo apartment
- Style
- Apartment
- Square footage
- 800-899 sq ft
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 5
- Basement
- None
- Faces
- North
- Level
- 7
- Balcony
- Open
- Laundry
- Ensuite
Ownership & fees
- Ownership
- Condominium
- Maintenance fee
- $733.21/mo
- Fee includes
- Heat
- Complex
- TSCP 2874
- Property management
- ICC Property Management 416-366-7125
- Pets
- Allowed, with restrictions
- Locker
- Owned
- Exterior
- Brick, Concrete Poured
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
- $4,389/yr
- Tax year
- 2025
- Occupancy
- Vacant
- Possession
- 30 DAYS
- Cross street
- Richmond St W / Brant St
- Neighbourhood
- Waterfront Communities
More
- Price per sq ft
- ~$988 (at 850 sq ft)
- MLS® number
- C14120760
No matching details. Ask Will instead
The home and its surroundings
- Carpet Free
Included in the maintenance fee
- Heat
- 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 Richmond St W / Brant St
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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 714 - 505 Richmond Street W
Answers come straight from this home’s MLS® listing.
How much is 714 - 505 Richmond Street W listed for, and what would it cost each month?
714 - 505 Richmond Street W is listed for $839,900. With 20% down ($167,980), the mortgage payment would be roughly $3,388 a month at 4.5% over 30 years. Add property tax and the maintenance fee and the estimate comes to about $4,487 a month, all in. That figure is an illustration, not a quote.
Is 714 - 505 Richmond Street W freehold or a condo, and is there a monthly fee?
714 - 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 $733.21 a month. The listing says it covers heat. Fees can change, so confirm the current amount in the status certificate.
How many bedrooms and bathrooms does 714 - 505 Richmond Street W have?
714 - 505 Richmond Street W has 2 bedrooms and 2 bathrooms.
Does 714 - 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 714 - 505 Richmond Street W have a finished basement?
No. The listing shows no basement for this home.
What style of home is 714 - 505 Richmond Street W?
714 - 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 714 - 505 Richmond Street W?
The listing puts the home between 800 and 899 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 714 - 505 Richmond Street W heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 714 - 505 Richmond Street W?
Property taxes are $4,389 a year (2025), or about $366 a month.
Are pets allowed at 714 - 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 714 - 505 Richmond Street W?
714 - 505 Richmond Street W is in the Waterfront Communities community of Toronto. The nearest main intersection is Richmond St W / Brant St. The postal code is M5V 0P4.
Is 714 - 505 Richmond Street W still for sale?
Yes. It is an active listing (MLS® C14120760). Listings here update from the board through the day and come down once a home sells.
What are similar condos near 714 - 505 Richmond Street W asking?
Similar condos for sale nearby right now include 25 - 505 Richmond Street W at $975,000 (2 bed), 708 - 505 Richmond Street W at $635,000 (1 bed) and 631 - 505 Richmond Street W at $599,000 (1 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 714 - 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 647-931-3923.
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$975,00025 - 505 Richmond Street W, Toronto2 bed · 2 bath · Waterfront CommunitiesCourtesy of: ZOLO REALTYView home →
Condo apartment$635,000708 - 505 Richmond Street W, Toronto1 bed · 1 bath · Waterfront CommunitiesCourtesy of: BOSLEY REAL ESTATE LTD.View home →
Condo apartment$599,000631 - 505 Richmond Street W, Toronto1 bed · 1 bath · Waterfront CommunitiesCourtesy of: HOMELIFE LANDMARK REALTY INC.View home →Courtesy of: UNION CAPITAL REALTY
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.