| Common Elements Included | |
| Building Insurance Included |












































729 - 505 Richmond Street W
Waterfront Communities C1, Toronto
$819,900
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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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 700-799 sq. ft. |
| Maintenance Fees | $637 |
| Locker | Owned |
| Balcony | None |
| Exposure | West |
| Parking Type | Underground |
| Parking Spaces | 0 |
| Parking Features | None |
| Property Tax | $3,680 |
| mls© Number | C13667290 |
| Listed By | Toronto Real Estate Realty Plus Inc |
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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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