505 Richmond Street W
Building Details
Listing History for WaterWorks Condos
Amenities
Maintenance Fees
About 505 Richmond Street W — WaterWorks Condos
WaterWorks Condos is a Toronto condo located at 505 Richmond Street W in the Queen West neighbourhood. The condo was completed in 2020 and features 299 units over 13 storeys. Toronto condo for sale here range from 400 square feet, up to 2398 square feet.
This condo has an excellent Walk Score of 100 and a high demand ranking, based on Strata.ca’s analytics. Maintenance fees are $0.77 per-square-foot, which is lower than the neighbourhood average of $0.86 per-square-foot.
The Suites
The average cost per-square-foot for units at 505 Richmond Street W is $1,104, based on the past 12 months of sales, and units tend to sell within 17 days of being listed. 38 units have been rented in the previous 12 months, and 12 units have been sold. Suites often sell for -2.14% below the listing price and have a low chance of receiving multiple offers.
The Neighbourhood
Living here means you’re just a 3-minute walk from Java House, Arepa Café TO and I Love Sushi, making it easy to dazzle your taste buds without much effort. If you’ve come to Queen West for the coffee, then you’re in the right place — as both Aroma Espresso Bar, Fahrenheit Coffee and CACAO 70 Eatery are just steps away.
Grocery pick-ups are made easy thanks to Winstons Grocery, Loblaws and Harrington Fine Foods within a 6-minute walk.
WaterWorks Condos is a great choice for residents who are money conscious — with banks like BMO Bank of Montreal nearby.
This condo is also situated within minutes of green spaces like St. Andrew's Market and Playground, St. Andrew's Off Leash Dog Park and Alex Wilson Parkette.
Enhance your personal style while living in the Queen West neighbourhood by visiting Shoppes on Queen West, Beam.city and Chinatown Centre.
Attractions like Graffiti Alley, The Richmond and Moniker Gallery are also nearby. CineCycle is just a short drive away for movie nights.
Enjoy the convenience of 505 Richmond Street W being 11 minutes away from ALPHA Alternative Junior School, Downtown Vocal Music Academy of Toronto and St. Mary Catholic Elementary School making school pick-up a breeze! This location is a great choice for families who are seeking top-notch educational institutions like E F High School Year, Oasis Alternative Secondary School and Apex Academy Online.
Transportation
With a 100 walk score, public transit users can reach the nearest light transit stop at Richmond St w at Spadina Ave in just minutes. Those who live in the area can easily drive to Osgoode, just 2 minutes from the building.
Curious about similar condos in the area? Check out 500 Richmond Street W, 2 Augusta Avenue and 50 Camden Street — all within walking distance.
WaterWorks Condos Reviews
Listings For Sale
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Listings For Rent
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Price Cut: $300 (Nov 6)
Price Cut: $400 (Oct 2)
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
Maintenance Fees
Building Trends At WaterWorks Condos
Days on Strata
List vs Selling Price
Offer Competition
Turnover of Units
Property Value
Price Ranking
Sold Units
Rented Units
Best Value Rank
Appreciation Rank
Rental Yield
High Demand
Transaction Insights at 505 Richmond Street W
1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
---|---|---|---|---|
Price Range | $650,000 - $690,000 | $740,000 - $790,000 | $845,000 - $1,750,000 | No Data |
Avg. Cost Per Sqft | $1,119 | $1,113 | $1,391 | No Data |
Price Range | $2,300 - $3,200 | $2,900 - $3,350 | $3,100 - $6,000 | $14,000 |
Avg. Wait for Unit Availability | 120 Days | 329 Days | 77 Days | 408 Days |
Avg. Wait for Unit Availability | 20 Days | 77 Days | 22 Days | 240 Days |
Ratio of Units in Building | 39% | 9% | 49% | 5% |
Unit Sales vs Inventory
Total number of units listed and sold in Queen West