505 Richmond St W 1123
Waterfront Communities C1, Downtown Toronto, M5V 1Y3
FOR SALE
$725,000
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Property Description
Welcome to Waterworks! Unit 1123 offers nearly 700 square feet of thoughtfully designed living space in one of King Wests most sought-after boutique buildings. Enjoy 9-foot ceilings, a balcony with a gas hookup for your BBQ, and a stunning kitchen featuring a large island. The layout is exceptionally functional, with no wasted space. Don't miss the brand-new Waterworks food hall and the incredible rooftop experience!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-09-08 | 2023-09-10 | 2 | $729,000 | $729,000 | Sold |
Nearby Intersections
Property Features
Arts Centre, Park, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$3,526 (2024)
Basement
None
Exterior
Brick, Metal/Side
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 9.09' x 17.09' | |
| Living | Main | 10.07' x 17.09' | |
| Br | Main | 8.79' x 11.09' |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
505 Richmond St W 1123 is a 1-bedroom 1-bathroom condo listed for sale at $725,000, which is $159,016 (28.1%) higher than the average sold price of $565,984 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $13,085 (2.3%) compared to the previous 30 day period (July 17 - August 15) and down $49,802 (8.1%) from the same time one year ago.Inventory Change
There were 1,473 1-bedroom condos listed in Downtown Toronto over the last 30 days (August 16 - September 14), which is up 6.3% compared with the previous 30 day period (July 17 - August 15) and up 0.8% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($9,793) (1.7%) below asking price over the last 30 days (August 16 - September 14), which represents a $71 decrease compared to the previous 30 day period (July 17 - August 15) and ($6,422) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Downtown Toronto over the last 30 days (August 16 - September 14) stood at 34.1%, down from 35.9% over the previous 30 days (July 17 - August 15) and down from 35.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 33 days when successfully sold over the last 30 days (August 16 - September 14), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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