A true two-bedroom at Waterworks - and a layout worth seeing.This thoughtfully designed split-bedroom suite offers two separate bedrooms, each with a south-facing window and its own full-size door, creating excellent privacy and separation.The bright, open living space enjoys an unobstructed south-facing view, bringing natural light and an exceptional sense of openness into the suite. The contemporary kitchen features integrated appliances, a generous island and ample workspace, flowing naturally into thel iving and dining area. Step outside to the 163 SF private terrace, a substantial extension of the living space with a gas hookup - perfect for outdoor dining, entertaining or simply enjoying the view.Set within the iconic Waterworks Residences, residents enjoy an exceptional downtown lifestyle with the renowned Waterworks Food Hall, YMCA, landscaped surroundings and a vibrant mix of restaurants, cafés, shopping, entertainment and culture just outside the door.Located in the heart of King West, with Queen West, the Financial District, transit andToronto's downtown core all within easy reach.
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,393 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 505 Richmond St W #25
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
700-799 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
505 Richmond St W #25 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13986698$975,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 505 Richmond St W #25 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,790
/mo
based on the purchase price of $975,000
$195,000 cash
$780,000 financed
$656,965 total interest
Principal54%$780,000
Interest46%$656,965
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 2–3 bed homes for sale in Toronto around $975K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4897.6%On average, homes sold at or above asking.
Active listings12,024Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 9,691 sales from Jul 15 – Oct 13, 2026 (6,629 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
4 for sale · 2 for rent at 505 Richmond St W — plus its sale and lease history.
505 Richmond St W #25 is listed at $975,000 (MLS® C13986698). Summitly updates the price as soon as the MLS® record changes.
Is $975,000 a good price for 505 Richmond St W #25?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 505 Richmond St W #25 changed?
No — 505 Richmond St W #25 is still listed at its original asking price of $975,000.
How many bedrooms and bathrooms does 505 Richmond St W #25 have?
505 Richmond St W #25 has 2 bedrooms and 2 bathrooms, with about 700–799 square feet of living space. It is a condo in Toronto.
Is 505 Richmond St W #25 close to transit?
The nearest rapid-transit station is Osgoode Station (Line 1), about 1.1 km (about a 14-minute walk) in a straight line. St. Andrew Station is about 1.2 km (about a 15-minute walk), and St. Patrick Station is about 1.2 km (about a 15-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 505 Richmond St W #25?
About $4,790 a month — principal and interest on $975,000 with 20% down ($195,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 505 Richmond St W #25 compare with other homes in Toronto?
Its asking price of $975,000 is about 15% above the median sold price in Toronto over the last 90 days, $848,000, across 9,691 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 505 Richmond St W #25 been sold before?
Summitly has no earlier MLS® sale or lease of 505 Richmond St W #25 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 505 Richmond St W #25?
505 Richmond St W #25 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 505 Richmond St W #25 been on the market?
505 Richmond St W #25 was listed today (October 13, 2026).
What is the price per square foot of 505 Richmond St W #25?
About $1,220 to $1,393 per square foot: the asking price of $975,000 over the 700–799 sq ft the listing gives as its size range.
Does 505 Richmond St W #25 have parking or a garage?
