505 Richmond St W 915

FOR SALE
$709,000
505 Richmond St W 915, Downtown Toronto
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
505 Richmond St W 915
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
4
ROOMS
C8322566
MLSID
Contact Us
Property Description
Newer 1B Condo at Prestigious Waterworks. Luxury in The Heart of Entertainment District. Fabulous Wide Layout. Bedroom W/ Windows & Walk-In Closet. Semi-Ensuite. Amazing Panoramic City View. Luxurious Finishes : Gourmet Kitchen, Centre Island, Stone Counter, Backsplash, 9" Smooth Ceiling W/Potlights, Laminate Flr, Integrated Appl, Tons of Storage. 2 Minutes to Streetcar on Queen. Walk to Fine Dinings, Cafes, Transit & Financial District.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-08-23 2022-08-28 5 $2,650 $2,650 Leased
2022-08-03 2022-08-23 20 $2,650 - Terminated
2021-07-15 2021-07-15 0 $2,150 - Terminated
Extras
Integrated Appliances (Fridge, Stove, Stove, Rangehood, Microwave Oven), Washer & Dryer. Roller Shades. Tenant Will Leave On June 28, 2024.
Nearby Intersections
Property Features
Clear View, Library, Park, Public Transit, Rec Centre, School
Property Details
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,418 (2023)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingFlat11.09' x 21.00'Hardwood Floor, Combined W/Dining, Juliette Balcony
DiningFlat11.09' x 21.00'Hardwood Floor, Combined W/Living, Window Flr To Ceil
KitchenFlat11.09' x 21.00'B/I Appliances, Stone Counter, Backsplash
BrFlat9.15' x 11.09'Semi Ensuite, W/I Closet, Window Flr To Ceil
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
505 Richmond St W 915 is a 1-bedroom 1-bathroom condo listed for sale at $709,000, which is $109,125 (18.2%) higher than the average sold price of $599,875 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $4,762 (0.8%) compared to the previous 30 day period (March 15 - April 13) and down $30,572 (4.8%) from the same time one year ago.
Inventory Change
There were 2,111 1-bedroom condos listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 75.9% compared with the previous 30 day period (March 15 - April 13) and up 76.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($8,857) (1.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $738 decrease compared to the previous 30 day period (March 15 - April 13) and ($1,653) 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 1-bedroom condos in Downtown Toronto over the last 30 days (April 14 - May 13) stood at 28.7%, down from 54.9% over the previous 30 days (March 15 - April 13) and down from 69.0% 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 25 days when successfully sold over the last 30 days (April 14 - May 13), compared to 41 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Realtron Realty Inc.
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