505 Richmond St W 1201
Waterfront Communities C1, Downtown Toronto, M5V 0P4
FOR SALE
$895,000
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Property Description
Own a Sought After Piece Of Toronto's History In The Waterworks Building. 1930's Utility Building Converted Into A Boutique Condominium Sits Conveniently Between King West And Queen West and Is Steps To Downtown's Finest Dining, Shopping and All other Amenities. This unit has it all, ++Parking++, City Views including the CN Tower and the Coolest Lobby Vibe in Town. Open Concept Floor plan with Glass Bedroom wall for Extra Light. Modern Kitchen with Integrated Cabinet Appliances, Centre Island, High Ceilings, Pot Lights and a Large Den with sliding door can serve as an Office Space or Small Bedroom. Private, Single & South Facing Balcony. Walk to Waterworks Foodhall and all things Toronto!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-17 | 2024-02-22 | 36 | $3,400 | $3,350 | Leased |
| 2023-11-08 | 2024-01-16 | 69 | $850,000 | - | Terminated |
| 2023-08-22 | 2023-11-04 | 74 | $3,400 | - | Terminated |
Extras
+PARKING+ A City View to die for ! Beautiful Roof Top Terrace And Garden. Surrounded By High End Restaurants, Night Life, Parks, Shopping And Entertainment.
Nearby Intersections
Property Features
Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$3,650 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned (Level D 36 P4)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.70' x 11.81' | W/O To Balcony, South View, Open Concept |
| Kitchen | Flat | 10.17' x 10.50' | Centre Island, Modern Kitchen |
| Prim Bdrm | Flat | 8.79' x 10.24' | 5 Pc Ensuite, Closet |
| Den | Flat | 6.23' x 11.68' | Sliding Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
505 Richmond St W 1201 is a 1-bedroom 1-bathroom condo listed for sale at $895,000, which is $325,764 (57.2%) higher than the average sold price of $569,236 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $1,563 (0.3%) compared to the previous 30 day period (September 21 - October 20) and down $22,277 (3.8%) from the same time one year ago.Inventory Change
There were 1,261 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 7.8% compared with the previous 30 day period (September 21 - October 20) and up 2.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,859) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $855 increase compared to the previous 30 day period (September 21 - October 20) and ($13,197) more 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 (October 21 - November 19) stood at 49.5%, up from 37.0% over the previous 30 days (September 21 - October 20) and up from 31.6% 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 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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