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    WaterWorks Condos

    505 Richmond Street W

    3for Sale
    6for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    13
    Number of Units:
    299
    Condo Completion:
    2020
    Condo Demand:
    High
    Unit Size Range:
    400 - 2,398 SQFT
    Unit Availability:
    Medium
    Property Management:
    No Data

    Listing History for WaterWorks Condos

    Amenities

    Bike Storage
    Indoor Parking
    BBQ
    Rooftop Deck
    Concierge
    Gym Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 505 Richmond Street WWaterWorks Condos

    WaterWorks Condos is a Toronto condo located at 505 Richmond Street W in the Queen West neighbourhood. The condo was completed in 2020 and features 299 units over 13 storeys. Toronto condo for sale here range from 400 square feet, up to 2398 square feet.

    This condo has an excellent Walk Score of 100 and a high demand ranking, based on Strata.ca’s analytics. Maintenance fees are $0.74 per-square-foot, which is lower than the neighbourhood average of $0.83 per-square-foot.

    The Suites

    The average cost per-square-foot for a unit at 505 Richmond Street W is $1,226 based on the past 12 months of sales, making this one of the most expensive buildings in the area. These suites have a medium probability of receiving multiple offers.

    Units at WaterWorks Condos spend 14 days on the market on average and usually sell for -0.87% below the listing price. In the last 12 months, 34 units have rented, and 14 have sold.

    The Neighbourhood

    Living here means you’re just a 3-minute walk from Java House, Arepa Café TO and I Love Sushi, making it easy to dazzle your taste buds without much effort. If you’ve come to Queen West for the coffee, then you’re in the right place — as both Aroma Espresso Bar, Fahrenheit Coffee and CACAO 70 Eatery are just steps away.

    Grocery pick-ups are made easy thanks to Winstons Grocery, Loblaws and Harrington Fine Foods within a 6-minute walk.

    WaterWorks Condos is a great choice for residents who are money conscious — with banks like BMO Bank of Montreal nearby.

    This condo is also situated within minutes of green spaces like St. Andrew's Market and Playground, St. Andrew's Off Leash Dog Park and Alex Wilson Parkette.

    Enhance your personal style while living in the Queen West neighbourhood by visiting Shoppes on Queen West, Beam.city and Chinatown Centre.

    Attractions like Graffiti Alley, The Richmond and Moniker Gallery are also nearby. CineCycle is just a short drive away for movie nights.

    Enjoy the convenience of 505 Richmond Street W being 11 minutes away from ALPHA Alternative Junior School, Downtown Vocal Music Academy of Toronto and St. Mary Catholic Elementary School making school pick-up a breeze! This location is a great choice for families who are seeking top-notch educational institutions like E F High School Year, Oasis Alternative Secondary School and Apex Academy Online.

    Transportation

    With a 100 walk score, public transit users can reach the nearest light transit stop at Richmond St w at Spadina Ave in just minutes. Those who live in the area can easily drive to Osgoode, just 2 minutes from the building.

    Curious about similar condos in the area? Check out 50 McCaul Street, 500 Richmond Street W and 50 Camden Street — all within walking distance.

    3

    Listings For Sale

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    6

    Listings For Rent

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    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
    42
    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
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Days on Strata

    Units at WaterWorks Condos spend an average of
    14
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    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

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 51 condos in the Queen West area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    34
    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 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$682,000 - $729,000$780,000 - $790,000$790,000 - $2,350,000$1,825,000
    Avg. Cost Per Sqft$1,159$1,080$1,461$1,545
    Avg. Wait for Unit Availability119 Days376 Days83 Days408 Days
    Ratio of Units in Building37%9%50%5%

    Maintenance Fees

    WaterWorks Condos vs The Queen West Area

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