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929 - 505 Richmond Street W

Queen West, Downtown, Toronto

For SaleWaterWorks Condos

$900,000

2 Beds

2 Bath

0 Parking

772 SQFT

81 Days on Strata

Est Sell Timeframe

10 Days

Listing History

Unit Highlights

Property Type:

Condo

Cost Per Sqft:

$1,166/sqft

Maintenance Fees:

$572/mth

Taxes:

$3,345 (2023)

Locker:

None

Outdoor Space:

Juliet Balcony

Exposure:

South West

Possession Date:

March 8, 2024

Buyer's Market

Balanced

Seller's Market

Maintenance Fees

Included

Heat

Air Conditioning

Building Maintenance

Building Insurance

Excluded

Hydro

Water

Unit Details

Air Conditioning: Central Air
Heat Source: Gas
Heating: Forced Air
Ensuite Laundry: Yes

Room Dimensions

Living

Laminate, Juliette Balcony, Open Concept

11.65 x 10.43ft

Kitchen

Combined with Dining, Centre Island, Built-in Appliances

11.25 x 10.43ft

Dining

Combined with Kitchen, Laminate

11.25 x 10.43ft

About this Listing

Welcome To the Waterworks, awarded the best-built community in the GTA by the BILD Awards in 2023. Located in the Trendy Fashion District, it Has A Beautifully Designed Exterior, Retaining Its Historic 1932 Art Deco Facade, With Luxurious And Charming Interior Finishes. This Split 2Br, 2Wr Features Upgraded Finishes, Pot-Lights Throughout, Spa-Like Ensuite Washroom, And 9" Smooth Ceilings. Nestled In A Quiet Pocket Of The Neighbourhood With St. Andrew's Park And Dog Park Outside The Building. Take a step outside and you are right at Lee Restaurant, Beatrice Society, The Lobby Bar, Impact Kitchen, The Othership, and other trendy restaurants and amenities. Coming soon to the building will be the Waterworks Food Hall, a gourmet emporium. With 20 hand-picked vendors specializing in cuisines from around the world, it brings a diverse and unique dining experience to Toronto.

century 21 percy fulton ltd.MLS® #C8062294

Amenities

Rooftop Deck

Concierge

Bike Storage

BBQ

Party Room

Indoor Parking

Nearby Amenities

10/10

Walkability

Congratulations, you're the mayor of Walksville! Everything's at your doorstep.

10/10

Transit

Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.

7/10

Bikeability

Your bike's the trusty steed in this urban jungle — giddy up!

Demographics

Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

Population

18,483

Average Individual Income

$71,628

Average Household Size

3 persons

Average Age

Average Household Income

$108,396

Dominant Housing Type

High Rise Apartment

Population By Age

Household Income

Housing Types & Tenancy

High Rise Apartment

43%

Semi Detached

25%

Detached

24%

Low Rise Apartment

Duplex

Marital Status

Commute

Languages (Primary Language)

Other

72%

Mandarin

13%

Cantonese

Tagalog

Arabic

Spanish

Urdu

Korean

Education

University and Above

43%

High School

21%

College

15%

None

12%

University Below Batchelor

Apprenticeship

Major Field of Study

Business Management

25%

Architecture & Engineering

17%

Social Sciences

12%

Health & Related Fields

10%

Math & Computer Sciences

Humanities

Physical Sciences

Education

Visual & Performing Arts

Personal, Protective & Transportation Services

Price Trends

Building Trends At WaterWorks Condos

Days on Strata

Units at WaterWorks Condos spend an average of

Days on Strata

based on recent sales

List vs Selling Price

On average, these condos sell for

below

the list price.

Offer Competition

Condos in this building have an

AVERAGE

chance of receiving

Multiple Offers

Turnover of Units

On average, each unit is owned for

N/A

YEARS before being sold again

Property Value

-3%

Decrease in property value within the past twelve months

Price Ranking

3rd

Highest price per SQFT out of 51 condos in the Queen West area

Sold Units

Units were Sold over the past twelve months

Rented Units

Units were Rented over the past twelve months

Best Value Rank

WaterWorks Condos offers the

best value out of 51 condos in the Queen West neighbourhood

Appreciation Rank

WaterWorks Condos has the

highest ROI out of 51 condos in the Queen West neighbourhood

Rental Yield

WaterWorks Condos yields the

highest rent prices out of 51 condos in the Queen West neighbourhood

High Demand

WaterWorks Condos is the

most popular building out of 51 condos in the Queen West neighbourhood

Transaction Insights at 505 Richmond Street W

	1 Bed	1 Bed + Den	2 Bed	2 Bed + Den
Price Range	$682,000 - $729,000	$780,000 - $790,000	$790,000 - $2,350,000	No Data
Avg. Cost Per Sqft	$1,159	$1,080	$1,460	No Data
Price Range	$2,495 - $3,600	$3,000 - $3,400	$3,100 - $6,250	$7,300 - $13,500
Avg. Wait for Unit Availability	119 Days	376 Days	81 Days	408 Days
Avg. Wait for Unit Availability	20 Days	94 Days	23 Days	230 Days
Ratio of Units in Building	37%	9%	50%	5%

Maintenance Fees

WaterWorks Condos vs The Queen West Area

929 - 505 Richmond Street W

Listing History

Unit Highlights

Maintenance Fees

Unit Details

Room Dimensions

About this Listing

Amenities

Nearby Amenities

Demographics

Price Trends

Building Trends At WaterWorks Condos

Days on Strata

List vs Selling Price

Offer Competition

Turnover of Units

Property Value

Price Ranking

Sold Units

Rented Units

Best Value Rank

Appreciation Rank

Rental Yield

High Demand

Transaction Insights at 505 Richmond Street W

Maintenance Fees

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