505 Richmond St W Condos, Toronto

Downtown Real Estate Condos for Sale and Rent

  • For Sale:
  • 5
  • For Rent:
  • 3
505 Richmond St W Downtown Toronto

505 Richmond St W


Toronto real estate agent

505 Richmond St W, Toronto M5V3N4

WaterWorks Toronto was built by MOD Developments Inc. and completed in year 2021.

There are total 13 floors and approximately 299 units.

The building currently has 5 units on sale, and 3 for lease.

Condo facility includes: Gym, Concierge, Rooftop Deck/Garden, Party/Meeting Room and Gym.

Condo Building Analysis

For Sale

Condo values have decreased 3.7% compared with the same period last year.

Maintenance costs have remained relatively stable compared with last year.

Recent Adjusted Sold Price Range (Excluding Parking/Locker)
$1,020 – $1,230/sqft

For Lease

Rent levels have increased 8% compared with the same period last year.

Recent Rent Range
$4.15 – $6.62/sqft

How This Condo Compares

Price Position
31.6% Higher
Recent sale prices are above similar-age condos in the community.
Maintenance Cost
13.4% Higher
Adjusted maintenance costs are above similar-age condo buildings in the community.
Effective Cost
10% Higher
Estimated occupancy costs are higher than similar-age condo buildings in the community after adjusting for included utilities.


School Information

Local Area Profile

This property is located in an area with a significant rental housing presence with a strong concentration of apartment and condominium housing. Approximately 73% of residents hold a bachelor's degree or higher, while about 11% have a college credential. Public transit is commonly used by local commuters, alongside driving.



Commute Information

GTA Go Train Union Go Train Station (1.5km)

Active listings

Unit Beds Baths Parkings Space(Sqf) Price($)
Parking 1 125,000
708 1 1 0 500-599 635,000
25 2 2 0 700-799 975,000
631 1 1 0 0-499 599,000
714 2 2 0 800-899 839,900


Location



Building's Remark

Other Information

If you plan to buy or sell a condo or want to learn more about real estate investment opportunities in Toronto, please contact Toronto real estate agent Alan Zheng at 647-877-9311.

Looking beyond Downtown? Explore current market updates and properties with our dedicated Richmond Hill real estate, Markham real estate, and Vaughan real estate guides.



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