Maintenance Fees
WaterWorks Condos vs The Queen West Area
1201 - 505 Richmond St W
For SaleWaterWorks Condos
5.0
6 Days on Strata
$869,000
1 Bed + 1
1 Bath
1 Parking
700 - 799 SQFT
Listing History
2025 - Mar 26
for sale$869,000
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Unit Highlights
Property Type:
Condo
Maintenance Fees:
$712/mth
Taxes:
$3,650 (2024)
Cost Per Sqft:
$1,088 - $1,241/sqft
Locker:
None
Outdoor Space:
Balcony
Exposure:
South
Possession Date:
Now vacant and Flexible
About this Listing
Experience a Rare opportunity to own a coveted piece of Torontos history in the iconic Waterworks Building. Originally a 1930s utility building, this boutique condominium is perfectly positioned between King West and Queen West, just steps from the city's best dining, shopping, and amenities.This stunning unit offers ++Parking++, breathtaking city views including the CN Tower and an ultra-stylish lobby. The open-concept layout features a glass bedroom wall for enhanced natural light, a sleek modern kitchen with integrated appliances, a centre island, high ceilings, and pot lights. The spacious den with a sliding door is perfect as a home office or a small bedroom. Enjoy a private, south-facing balcony with stunning city views. This building also offers A rooftop terrace and garden, plus unbeatable access to Waterworks Food Hall and Toronto's finest restaurants, nightlife, parks, shopping, and entertainment.
ExtrasAll Appliances: Integrated Fridge & Dishwasher, B/I Cook Top & Oven, Microwave, Front Load Washer & Dryer
royal lepage signature realtyMLS® #C12043425
Features
Amenities
Party Room
Gym Room
BBQs Allowed
Indoor Parking
Rooftop Deck
Bike Storage
Concierge
Maintenance Fees
Included
Air Conditioning
Parking
Building Maintenance
Building Insurance
Excluded
Hydro
Heat
Water
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- No Data
- Heating
- Forced Air
Room Dimensions
Living
Walkout To Balcony, South View, Open Concept
11.81 x 10.7ft
Kitchen
Centre Island, Modern Kitchen
10.5 x 10.17ft
Primary
5 Piece Ensuite, Closet
10.24 x 8.79ft
Buyer's Market
Balanced
Seller's Market
5.0
Building Spotlight
Similar Listings
Explore Queen West
Commute Calculator
10/10
Walkability
Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
10/10
Transit
Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
7/10
Bikeability
Your bike's the trusty steed in this urban jungle — giddy up!
Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
18,483
Average Individual Income
$71,628
Average Household Size
3 persons
Average Age
42
Average Household Income
$108,396
Dominant Housing Type
High Rise Apartment
Population By Age
Household Income
Housing Types & Tenancy
High Rise Apartment
43%
Semi Detached
25%
Detached
24%
Low Rise Apartment
3%
Duplex
2%
Marital Status
Commute
Languages (Primary Language)
Other
72%
Mandarin
13%
Cantonese
9%
Tagalog
2%
Arabic
1%
Spanish
1%
Urdu
1%
Korean
1%
Education
University and Above
43%
High School
21%
College
15%
None
12%
University Below Batchelor
3%
Apprenticeship
2%
Major Field of Study
Business Management
25%
Architecture & Engineering
17%
Social Sciences
12%
Health & Related Fields
10%
Math & Computer Sciences
8%
Humanities
6%
Physical Sciences
5%
Education
5%
Visual & Performing Arts
3%
Personal, Protective & Transportation Services
2%
Building Trends At WaterWorks Condos
Days on Strata
Units at WaterWorks Condos spend an average of
17
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
2%
below
the list price.
Offer Competition
Condos in this building have a
LOWchance of receiving
Multiple Offers
compared to other buildings in Queen West
Turnover of Units
On average, each unit is owned for
4.8
YEARS before being sold againProperty Value
-4%
Decrease in property value within the past twelve months
Price Ranking
3rd
Highest price per SQFT out of 52 condos in the Queen West area
Sold Units
12
Units were Sold over the past twelve months
Rented Units
49
Units were Rented over the past twelve months
Best Value Rank
WaterWorks Condos offers the best value out of 52 condos in the Queen West neighbourhood
?
Appreciation Rank
WaterWorks Condos has the highest ROI out of 52 condos in the Queen West neighbourhood
?
Rental Yield
WaterWorks Condos yields the highest rent prices out of 52 condos in the Queen West neighbourhood
?
High Demand
WaterWorks Condos is the most popular building out of 52 condos in the Queen West neighbourhood
?
Market Insights
Transaction Insights at WaterWorks Condos
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
|---|---|---|---|---|
| Price Range | $650,000 - $895,000 | $740,000 | $845,000 - $1,750,000 | No Data |
| Avg. Cost Per Sqft | $1,173 | $1,116 | $1,398 | No Data |
| Price Range | $2,300 - $3,417 | $2,900 - $3,500 | $2,995 - $5,850 | $14,000 |
| Avg. Wait for Unit Availability | 108 Days | 329 Days | 71 Days | 408 Days |
| Avg. Wait for Unit Availability | 20 Days | 71 Days | 19 Days | 240 Days |
| Ratio of Units in Building | 39% | 9% | 50% | 4% |
Market Inventory
Total number of units listed and sold in Queen West
