505 Richmond Street W, Unit 714
505 Richmond Street W, Unit 714
$944,900
$1,112/sq ft · 25 days on market
About This Listing
Rare opportunity to own an exceptional residence in the iconic Waterworks Residences, where timeless heritage architecture meets sophisticated modern luxury. This beautifully appointed two-bedroom suite showcases elegant finishes, soaring 9-foot ceilings, and an abundance of natural light streaming through an impressive wall of floor-to-ceiling windows, creating a bright and inviting atmosphere throughout.Designed with both style and functionality in mind, the thoughtfully crafted open-concept layout flows effortlessly from room to room, maximizing both comfort and everyday living. The contemporary kitchen is a chef's dream, featuring integrated appliances, a generous centre island with ample workspace, and abundant counter space for cooking, entertaining, and gathering with family and friends. Step outside to your spacious private balcony-an ideal extension of your living space and the perfect setting to relax, unwind, or entertain while enjoying the vibrant downtown surroundings. Residents of Waterworks enjoy an unparalleled lifestyle with access to premium amenities, including a state-of-the-art YMCA fitness facility, spectacular rooftop amenities, and the renowned Waterworks Food Hall. Perfectly positioned in the heart of downtown Toronto, you're just steps from the boutiques, acclaimed restaurants, cafés, and nightlife of Queen West and King West, with the Financial District, transit, and countless urban conveniences only moments away. *Some Photos Have Been Virtually Staged*
| Monthly Mortgage (P&I) | $4,117 |
| Property Tax (MLS) | $366 |
| Maintenance Fees | $733 |
| Total Monthly Cost | $5,216 |
Down payment: $188,980 (20.0%) · Mortgage: $755,920
Property tax uses MLS annual tax of $4,389/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by UNION CAPITAL REALTY
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Data last updated: August 23, 2026 at 12:26 p.m.