+ 23 photosFor Sale · Condo Apartment
505 Richmond Street W 714, Toronto, ON M5V 0P4
Toronto C01 · Waterfront Communities C1
51 days on market
▾ PRICE CHANGE
▶ Virtual Tour2
Beds
2
Baths
0
Parking
800-899
Sq ft
—
Built
The honest picture
List price
$899,900
★ Renavu Estimate
$870,000
Lower confidence
Asking $899,900 · recent comparable sales here vary too widely to quote a range · homes here sell at about 97% of ask (25 recent sales). Our estimate weighs both.
Benchmark $558,000
Typical low · $530,000Typical high · $586,000
List price Renavu Estimate Benchmark Typical range
Renavu Estimate is our data-driven opinion of value, blended from 6 recent comparable sales (TRREB) and the area benchmark — not an appraisal. The benchmark is the typical price for condo apt homes in Waterfront Communities C1 (TRREB HPI, August 2026), a market reference — not this home's exact value.
About this home
- 2 bedrooms, 2 bathrooms, 800-899 sq ft
- 9-foot ceilings and floor-to-ceiling windows
- Open-concept layout with kitchen featuring integrated appliances, centre island, and counter space
- Private balcony
- Building includes YMCA fitness facility, rooftop amenities, and food hall
- Located in downtown Toronto near Queen West and King West
Key points summarised from the listing description.
Property details
Listed on
July 27, 2026
Days on market
51 days
Property tax
$4,389 (2025)
Style
Apartment
Heating
Forced Air
Cooling
Central Air
MLS®
C13609720
Full details
Parking
Parking typeUnderground
Property & sold history
Listing history
| Date Start | Date End | Price | Status | Listing ID |
|---|---|---|---|---|
| September 10, 2026 | — | $899,900 ▼ | Price cut | C13609720 |
| September 4, 2026 | — | $914,900 ▼ | Price cut | C13609720 |
| August 20, 2026 | — | $944,900 ▼ | Price cut | C13609720 |
| July 27, 2026 | — | $974,900 | Listed | C13609720 |
🔒
Earlier listings and sold prices for this address are protected under TRREB rules — a free account unlocks them.
Sign in free to unlock the historyComparables
Gathering recent comparable sales nearby…
Run the numbers
True cost to close
What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 20.0%
$
Down:or type any amount above
This price requires at least 7.2% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$14,473
Toronto municipal LTT$14,473
Legal · title · inspection$2,800
Closing costs$31,746
Down payment$179,980
Total cash to close$211,726
Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.
