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New1 hour ago

729 - 505 Richmond Street W

Waterfront Communities C1, Toronto

$819,900

Condo Apartment |
2 | 2 | 0 | 1
About this home

LOCATION, LOCATION, LOCATION - Ideal spot in the Fashion District - Accessible but not busy - Steps from Kensington Market - 2 minute walk to some of the best food in the city (Michelin guide). PLEASE CHECK OUR DEDICATED WEBSITE IN THE MEDIA SECTION BELOW - THE UNIT - Overlooking a courtyard, cozy and quiet - 9 ft ceilings - Bright living room with floor-to-ceiling windows - 2 bedrooms (walk-in closet in the master bedroom) - 2 upscale bathrooms (master bathroom has heated floors) - Upscale kitchen with stone countertop, backsplash, island and state-of-the-art miele appliances - Smart home features: motorized window shades, smart light switches, latest Google Nest learning thermostat - Fiber optic multigigabit internet directly to the unit. THE CONDO (WATERWORKS RESIDENCES) - Winner of multiple awards, including the Toronto Urban Design Award - Posh entrance hall with 24/7 security - Large lounge and party room accommodating up to 50 people, including a walkout terrace - Large gym with a wide variety of equipment - Garden rooftop with picnic area (tables, bbq etc.) and breathtaking views of the Toronto skyline - Doggy spa. THE BUILDING - YMCA fitness facility with a 25 m swimming pool, full sized gym with recreational sports programs (basketball, pickle ball etc.), dedicated studios for totalfit, bootcamp, musclefit, and yoga classes - Waterworks Food Hall with 6 bars, 19 restaurants, and an event space hosting social and art events - Underground visitor parking - Top 30 of Toronto restaurant by legendary chef Susur Lee. ST.ANDREW'S PARK - Rare green oasis with mature trees hugging the building walls - Working and picnicking area with tables, chairs, and loungers - Brand new children's playground - Puppy play area. SEE https://505richmond.com FOR MORE PHOTOS, SPECS, AND A FULL VIRTUAL TOUR *Note: Some photos have been virtually staged*

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$637
LockerOwned
BalconyNone
ExposureWest
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$3,680
mls© NumberC13667290
Listed ByToronto Real Estate Realty Plus Inc
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,197
Property tax
$307
Heat allowance
$150
Condo fees, half counted
$318
Housing costs
$4,972 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $163,980
25-yr amortization

Income needed

$153,000

gross annual household income

Payment at 4%
$3,450 / mo
Cash down
$163,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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