43.6472° N · 79.3993° W — Waterfront Communities C1, Toronto — MLS® #C14120760
714-505 Richmond St
$839,900
Waterfront Communities C1, Toronto, Ontario M5V 0P4
- 2
- BedroomsBeds
- 2
- BathroomsBaths
- 800-899 sqft800-899
- SizeSq ft
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In short · from the listing record
714-505 Richmond St is a 2-bedroom, 2-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $839,900 (MLS® C14120760).
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*
Listing readings
How it measures up
Scores from the listing record and the market around it.
66Fair
Condition score
4 condition-related facts documented
Listing age, structured features and disclosed update language; not an inspection.
21Shortfall
Cash flow quality
−$1,931/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 295 condos with 2 bedrooms for lease in Waterfront Communities C1 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $4,389 / 2025
- MLS® number
- C14120760
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Time on market
- Size
- 800-899 sqft
- Listed on
- Parking
- Underground, 0 Parking
Listing history
Listing activity for 714-505 Richmond St, Toronto, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $839,900 | N/A | Sc | C14120760 |
Inside
Room by room
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 800-899 sqft
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 2
- Bathroom Details
- 2 × 4pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1.1 km |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 1.2 km |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 1.2 km |
| Queen's Park Station | TTC subway: Line 1 Yonge-University | 1.6 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.6 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Around it
Condo Apt in Waterfront Communities C1
Active listings only, today.
Condos for sale in Waterfront Communities C1 right now
- For sale now
- 635
- Median asking price
- $629K
- New in 7 days
- 79
- Price cuts
- 21%
Middle half: $538K to $837K
260 in 28 days
132 listings
This home is asking 34% above the median, higher than three quarters of them.
See all homes in Waterfront Communities C1Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Site report
What the record says
What the City and the conservation authority have on file for this address.
- Heritage and ravineNone foundNot found on the Heritage Register
- Heritage and ravineAppliesIn the King-Spadina Heritage Conservation District, by-law 1111-2017
- Heritage and ravineNone foundNot in the mapped ravine protection area
- ZoningCRE (x11)Commercial Residential Employment zone (CRE) · Chapter 50, section 50.10 of By-law 569-2013 · Exception 900.12.10(11)
- Permits30 clearedBuilding Permit Related(PS) Issued October 21, 2026 · Interior Alterations Issued September 29, 2026 · Building Permit Related(PS) Issued April 25, 2025 · Interior Alterations Issued April 7, 2025 · Interior Alterations Issued April 3, 2025 · Interior Alterations Issued January 8, 2025 · Interior Alterations Issued August 21, 2024 · Interior Alterations Issued June 13, 2024
- Signals nearby6 to note49-51 CAMDEN ST, Site plan, 110 m away · 471 RICHMOND ST W, Site plan, 120 m away · 49 CAMDEN ST, Site plan, 120 m away · 143 PORTLAND ST, Condominium, 120 m away · 141 PORTLAND ST, Condominium, 130 m away · 139 PORTLAND ST, Condominium, 130 m away
- ca regulatedNone in rangeNot in Toronto and Region Conservation Authority’s mapped regulated area
- provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- wetlandNone in rangeNo mapped wetland within 120 m
- aggregateNone in rangeNo licensed pit or quarry within 2 km
- wellsNone in rangeNo recorded oil, gas or salt well within 250 m
- railOn recordNearest rail line: 640 m
- trailOn recordA trail on the Ontario trail network within 1 km
- permitsOn record127 building permits issued within 250 m in the last 2 years
- devappsOn record31 open development applications within 250 m An application is a proposal: it may change, be refused or never be built.
- airportOn recordNearest airport: 1.5 km
- parcelOn recordMapped parcel: about 49,230 sq ft Measured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.
- water wellsNone in rangeNo water-supply well recorded within 250 m 158 test or monitoring holes also recorded.
- npriNone in rangeNo facility within 1 km reports pollutant releases to Environment Canada The nearest is Enwave Energy Corporation — Pearl Street Steam Plant, 1.1 km away. Only facilities above the inventory’s reporting thresholds are listed.
- fcsiNone in rangeNo federal contaminated site within 1 km The federal inventory covers federal land only; it says nothing about provincial or private sites.
- electricityOn recordElectricity is distributed here by Toronto Hydro-Electric System Limited
- internet speedOn recordWired internet 50/10 Mbps or faster is listed at this location Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City before you plan work.
Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Toronto and Region Conservation Authority or the record’s publisher.
City of Toronto Open Data and zoning map, read at this address. Contains information licensed under the Open Government Licence – Toronto. City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Land transfer tax on this home
- Ontario land transfer tax
- $13,273
- Toronto municipal land transfer tax
- $13,273
- Total land transfer tax
- $26,546
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $18,071
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $839,900
- $8,798
- Ontario total
- $13,273
Toronto’s municipal tax uses the same brackets at this price, so it adds another $13,273.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- Ogden Junior Public SchoolToronto DSBPublic · grades JK–672%Grade 6 average450 m
- St Mary Catholic SchoolToronto CDSBCatholic · grades JK–8 · French Immersion75%Grade 6 average450 m
- Ryerson Community School Junior SeniorToronto DSBPublic · grades JK–8 · French Immersion52%Grade 6 average500 m
- École élémentaire Pierre-Elliott-TrudeauConseil scolaire ViamondeFrench-language public · grades JK–694%Grade 6 average1.3 km
SecondaryGrade 9 math 2024–25
- Heydon Park Secondary SchoolToronto DSBPublic · grades 9–128%Grade 9 math1 km
- Subway Academy IIToronto DSBPublic · grades 9–12—1 km
- Msgr Fraser College (Southwest)Toronto CDSBCatholic · grades 9–12—1.8 km
- Collège français secondaireConseil scolaire ViamondeFrench-language public · grades 9–1286%Grade 9 math2.5 km
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$4,931
- Mortgage$3,832
- Property tax$366
- Condo or maintenance fee$733
A planning figure, not a quote.
Land transfer tax
$26,546
$18,071 for first-time buyers; Toronto adds its own tax.
Rent, similar homes
$3,000
a month, median asking rent of 295 similar homes in Waterfront Communities C1.
Community
Who lives around it
Similar homes
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The Keith and Françoise Real Estate TeamEXP REALTY
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