505 Richmond St W 1222
Waterfront Communities C1, Downtown Toronto, M5V 0P4
FOR SALE
$1,699,000
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Property Description
Luxury Waterworks condo built within and on top of the old city of Toronto waterworks. Home to the future Food Hall, YMCA, and the newly opened Lee restaurant and Coffee Shop. Gym, party room, two rooftop terraces, one with two BBQ's, pet spa and more. Note: photos are of similar unit owned by same owner.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-11-09 | 2023-12-18 | 39 | $1,385,000 | - | Terminated |
Nearby Intersections
Property Features
Arts Centre, Clear View, Hospital, Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$5,522 (2024)
Basement
Apartment
Exterior
Brick, Metal/Side
Heat Type
Fan Coil
Heat Source
Other
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
3
Parking 1
Owned (D)
Parking 2
None
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 11.81' x 12.14' | Centre Island, B/I Appliances, B/I Shelves |
Living | Main | 13.25' x 15.26' | W/O To Terrace, South View |
Prim Bdrm | Main | 10.99' x 8.04' | 5 Pc Ensuite, B/I Closet, South View |
2nd Br | Main | 13.94' x 9.02' | Large Window, Closet, South View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
505 Richmond St W 1222 is a 2-bedroom 2-bathroom condo listed for sale at $1,699,000, which is $938,919 (123.5%) higher than the average sold price of $760,081 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $30,132 (4.1%) compared to the previous 30 day period (December 20 - January 18) and down $22,338 (2.9%) from the same time one year ago.Inventory Change
There were 1,207 2-bedroom condos listed in Downtown Toronto over the last 30 days (January 19 - February 17), which is up 49.2% compared with the previous 30 day period (December 20 - January 18) and up 15.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($16,882) (2.2%) below asking price over the last 30 days (January 19 - February 17), which represents a $2,296 increase compared to the previous 30 day period (December 20 - January 18) and ($14,004) 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 2-bedroom condos in Downtown Toronto over the last 30 days (January 19 - February 17) stood at 27.7%, down from 34.7% over the previous 30 days (December 20 - January 18) and down from 47.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 34 days when successfully sold over the last 30 days (January 19 - February 17), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Marquis Real Estate Corporation
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