505 Richmond St W 419
Waterfront Communities C1, Downtown Toronto, M5V 1Y3
FOR SALE
$1,899,000
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Property Description
Experience the epitome of industrial-modern design at Waterworks! This one-of-a-kind entertainer's dream home, curated by Toronto's top interior design firm, Cecconi Simone, awaits. This exceptional 2-bedroom, 2-bathroom suite boasts a massive east-facing balcony, plus the rare convenience of two parking spaces and a locker. Soaring 10' ceilings and professionally customized finishes, including a bundant built-in storage, striking steel and glass doors, and full-height custom millwork, create a true masterpiece. The large kitchen island with storage and built-in wine fridge is perfect for hosting. Waterworks offers incredible amenities: concierge service, a pet spa, a gym with garden terrace access, a multi-room lounge, and a rooftop terrace. The highly anticipated Food Hall is now open, complementing the convenience of having Lee Restaurant in the building. A future YMCA with an indoor pool, along with the St. James playground and dog park nearby, further enhance this vibrant community. Prime King/Queen West location! Enjoy unparalleled access to the city's best dining & entertainment. Just a 5-min walk to the future Queen/Spadina subway. This exceptional designer residence book your showing today! Upgraded Throughout by Renown Toronto Interior Design Firm Cecconi Simone. See Feature sheet for list of upgrades
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2022-09-01 | 2022-11-23 | 83 | $6,900 | $6,900 | Leased |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$5,551 (2024)
Basement
Apartment
Exterior
Brick, Metal/Side
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Prim Bdrm | Main | 18.04' x 11.48' | Walk-Thru, Overlook Patio, Walk-in Bath |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
505 Richmond St W 419 is a 2-bedroom 2-bathroom condo listed for sale at $1,899,000, which is $1,142,399 (151.0%) higher than the average sold price of $756,601 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $25,750 (3.5%) compared to the previous 30 day period (December 22 - January 20) and down $31,820 (4.0%) from the same time one year ago.Inventory Change
There were 1,180 2-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.7% compared with the previous 30 day period (December 22 - January 20) and up 12.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($15,842) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,965 increase compared to the previous 30 day period (December 22 - January 20) and ($14,808) 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 21 - February 19) stood at 26.8%, down from 33.1% over the previous 30 days (December 22 - January 20) and down from 45.4% 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 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Realty Inc.
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