505 Richmond St W 1310
Waterfront Communities C1, Downtown Toronto, M5V 0P4
FOR SALE
$1,699,000
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BEDROOMS2
BATHROOMS1
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Property Description
Exquisite penthouse-level 2 bedroom suite in the Fashion District with breathtaking skyline views from your private open terrace. Sun-drenched with floor to ceiling East-facing windows in every room. Thoughtfully designed split layout with open concept living space, perfect for entertaining. Upgraded hardwood floors, rough-in for gas fireplace, motorized shades and 10' ceilings. The custom Kitchen layout boasts 2 pantry sections, a 30" Liebherr Fridge, 30" AEG cooktop and oven, and a spacious kitchen island with a concealed outlet. The ample 14' x 12.5' primary bedroom is complemented by a deep walk-in closet and an spa-like 5 -piece ensuite bathroom with double vanity, 2 medicine cabinets, standalone glass enclosed shower and a custom designer bathtub from Italy. Both primary and 2nd bedrooms were upgraded with added pot-lights, motorized blackout blinds and plywood blocked walls with custom electrical and cable outlets for seamless TV mounting. 3-piece bathroom conveniently located next to 2nd bedroom, extended laundry closet to fit full-size washer and dryer and custom built-in entry wardrobe for added storage. Enjoy spectacular day and night views from the open terrace with gas line for BBQ and water hose connection. -- Great amenities at the award-winning Waterworks residences, concierge service, pet spa, gym with walkout to garden terrace, multi-room lounge and rooftop terrace. Highly anticipated Food Hall opening early July and Lee Restaurant below building, plus the upcoming YMCA with indoor pool; St. James playground with dog park directly South of building. Ideally situated between King and Queen West, this prime location offers unparalleled access to the finest dining and entertainment in the city, 5min walk to the upcoming Ontario Subway Line at Queen and Spadina. - 1 parking space with rough-in for EV charger and 1 locker included, both on P2. Electrical rough-ins for kitchen island light and dinning room chandelier. Floor plan on last photo.
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Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$6,609 (2024)
Basement
None
Exterior
Other
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (B/P2)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.89' x 23.00' | W/O To Terrace, Combined W/Dining, East View |
| Kitchen | Main | 8.30' x 12.63' | Breakfast Bar, B/I Appliances, Centre Island |
| Prim Bdrm | Main | 12.53' x 14.14' | 5 Pc Ensuite, W/I Closet, East View |
| 2nd Br | Main | 13.35' x 8.63' | Double Closet, East View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
505 Richmond St W 1310 is a 2-bedroom 2-bathroom condo listed for sale at $1,699,000, which is $896,760 (111.8%) higher than the average sold price of $802,240 in the last 30 days (June 7 - July 6). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $40,506 (4.8%) compared to the previous 30 day period (May 8 - June 6) and down $11,850 (1.5%) from the same time one year ago.Inventory Change
There were 1,559 2-bedroom condos listed in Downtown Toronto over the last 30 days (June 7 - July 6), which is up 1.6% compared with the previous 30 day period (May 8 - June 6) and up 16.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($15,181) (1.9%) below asking price over the last 30 days (June 7 - July 6), which represents a $42 decrease compared to the previous 30 day period (May 8 - June 6) and ($3,815) 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 (June 7 - July 6) stood at 32.6%, down from 37.1% over the previous 30 days (May 8 - June 6) and down from 68.8% 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 28 days when successfully sold over the last 30 days (June 7 - July 6), compared to 46 days before being removed from the market upon being suspended or terminated.Listing contracted with Hazelton Real Estate Inc.
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