505 Richmond St W 722

FOR SALE
$670,000
505 Richmond St W 722, Downtown Toronto
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
505 Richmond St W 722
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
3
ROOMS
C11953459
MLSID
Contact Us
Property Description
Welcome To Waterworks Development Awarded 2023 Best New Built Community! 1932 Heritage Toronto Public Utilities Building. European Food Hall and Direct Access To Toronto's Newest YMCA & Revitalized St. Andrew's Park. Bright & Spacious 1 Br, 1We 9'0" Ceiling Unit W/Private Balcony & Views Of the Skyline. Modern Kitchen Boats Large Chef's Centre Island and Integrated Appliances, Upgraded Closet Organizer In Br & Potlights Throughout. Enjoy Your Private Terrace W/East CN Tower Views! Walking Distance To Everyday Essentials. Perfectly Perched In Queen West, Steps To Shops, Restaurants & Nightlife!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-05-25 2023-05-30 5 $2,950 $2,950 Leased
2023-03-27 2023-05-15 49 $3,050 - Terminated
2021-11-09 2021-11-15 6 $2,200 $2,200 Leased
Nearby Intersections
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, Rec Centre
Property Details
Property Type
Comm Element Condo, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,611 (2024)
Basement
None
Exterior
Brick Front, Concrete
Heat Type
Other
Heat Source
Other
Air Conditioning
Other
Parking 1
None
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
KitchenMain10.24' x 22.08'B/I Appliances, Modern Kitchen, Combined W/Living
LivingMain10.24' x 22.08'Combined W/Kitchen, Window Flr to Ceil, Laminate
BrMain9.25' x 12.17'Closet Organizers, 3 Pc Ensuite, Pot Lights
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
505 Richmond St W 722 is a 1-bedroom 1-bathroom condo listed for sale at $670,000, which is $106,310 (18.9%) higher than the average sold price of $563,690 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $430 (0.1%) compared to the previous 30 day period (November 19 - December 18) and down $16,899 (2.9%) from the same time one year ago.
Inventory Change
There were 894 1-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is down 1.4% compared with the previous 30 day period (November 19 - December 18) and up 39.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($13,252) (2.4%) below asking price over the last 30 days (December 19 - January 17), which represents a $1,023 decrease compared to the previous 30 day period (November 19 - December 18) and ($15,187) 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 (December 19 - January 17) stood at 38.0%, down from 53.5% over the previous 30 days (November 19 - December 18) and down from 54.6% 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 43 days when successfully sold over the last 30 days (December 19 - January 17), compared to 80 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Your Community Realty
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