505 Richmond Street W 427, Toronto, ON M5V 1Y3
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Luxurious And Functional Split two-bedroom, two bathroom (793 SF) soft loft in the award-winning Waterworks Condos, located in the heart of dynamic King West. The open concept layout features smooth 10' ceilings. Real hard Wood Floors Throughout, Bright and Spacious rooms with electric blinds. The gourmet kitchen is outfitted with sleek cabinetry, premium integrated appliances, and a large island. Large Balcony (163 SF) W/Unobstructed South, perched above St. Andrew's dog park and next to the Ace Hotel. Super Convenient To Everything. Residents enjoy high-end amenities including 24-hours concierge service, a rooftop terrace, stylish lounge, direct access to the world-class YMCA and celebrated WaterWorks Food Hall.
- MLS number
- C13680838
- Type
- Condo Apartment
- Status
- Active
- Bedrooms
- 2
- Bathrooms
- 2
- Postal code
- M5V 1Y3
- Photos
- 12
- Locker
- No
- Laundry
- In the unit — In-Suite Laundry
This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.
Property details
As filed by the listing brokerage. Anything the board left blank is left out rather than shown as unknown — and none of it is guaranteed accurate by PropTx, so verify what you rely on.
Property
- Type
- Condo Apartment
- Style
- Apartment
- Class
- Residential Condo & Other
- Exposure
- South
- Community
- Waterfront Communities C1
- Municipality
- Toronto C01
- Cross street
- Richmond/Portland
Inside
- Bedrooms
- 2
- Bedrooms above grade
- 2
- Bathrooms
- 2
- Washrooms
- 1 on the flat floor · 1 on the flat floor
- Kitchens
- 1
- Rooms above grade
- 5
- Basement
- None
- Laundry
- Main Level
- Size
- 700-799
Building
- Construction
- Brick
- Balcony
- Open
Parking
- Garage
- Underground
- Covered spaces
- 0
- Driveway spaces
- 0
- Total parking
- 0
Land
- View
- Downtown
Heating, cooling and services
- Heating
- Forced Air
- Heat source
- Gas
- Cooling
- Central Air
Condominium
- Pets
- Yes-with Restrictions
Features
- Property
- Clear View, Electric Car Charger, Park, Public Transit
- Interior
- Carpet Free, Countertop Range, Separate Hydro Meter
Listing
- MLS number
- C13680838
- Status
- New
- Previous status
- Draft
- Listed on
- 2026-08-16
- Expires
- 2026-11-30
- Possession
- 2026-10-01
- Board
- Toronto Regional Real Estate Board
Listing history
This address has been listed 3 times.
Where this property is
Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.
Matched to this street. The listing did not say which direction, and every candidate was in the same place.
Schools
The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.
School boundaries this address is inside
Where these boundaries come from, and what they are worth
A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.
Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.
Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.
Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.
Other schools nearby
By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.
| School | Level | Distance | Rating |
|---|---|---|---|
| ALPHA Alternative Junior School Toronto DSB | Elementary | 197 m | Not reported |
| Connect International School | Secondary | 179 m | Not reported |
| Oasis Alternative Secondary School Toronto DSB | Secondary | 205 m | Not reported |
| Apex Academy | Secondary | 246 m | Not reported |
| Ryerson Community School Junior Senior Toronto DSB | Elementary | 512 m | / 10 52% met the standard |
| Ogden Junior Public School Toronto DSB | Elementary | 461 m | / 10 69% met the standard |
How the rating is calculated
EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.
Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.
What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.
Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.
H-Value
What an H-Value is and how it is calculated — the method and our measured error, no account needed.
The market around this home
Condo Apartments in Waterfront Communities C1 — 15,816 leases over the last five years.
How these are built, and what they cannot tell you
Each point is the median of the leases that closed in that quarter among condo apartments in waterfront communities c1. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.
This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.
Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.
This neighbourhood
Statistics Canada 2021 Census, for the surrounding few blocks — about 2,262 people.
The neighbourhood, by the census
Statistics Canada 2021 Census for dissemination area 35200870 — the few blocks around this address, home to 2,262 people. It describes the area, not this property.
Percentages are of the 2,145 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.
Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.
What’s being built nearby
Planning applications within 500 m — 8 still in progress.
Site Plan Application to permit a 19-storey mixed use building with retail space on the ground floor and 200 residential units above.
City planning file →Site plan control resubmission for a 18-storey (57.85m including mechanical penthouse) mixed-use building with retail space on the ground floor and 255 residential units above at 35-47 Camden Street.
City planning file →Site Plan Control application to facilitate the development of a 19-storey mixed use building with a height of 57 metres, 140 residential units and 107 square metres of non-residential GFA.…
City planning file →Site Plan Approval application for a proposed 19-storey mixed-use building comprised of 117 residential dwelling units, 339 square metres of retail space on the ground floor.
City planning file →Proposal for a 9-storey non-residential building (36.4 metres, exclusive of the mechanical penthouse), comprised of approximately 4,665 square metres of office uses with commercial uses on the lower levels.…
City planning file →Site Plan Control application for a 29-storey mixed-use building containing 384 new dwelling units(including 9 affordable units), a total of 22,565 sqm of residential gross floor area (GFA), and 582 sqm of retail GFA.…
City planning file →Zoning By-law Amendment for a 23-storey (98.6 metres including the mechanical penthouse) non-residential building with retail at-grade and office above.…
City planning file →What these are
These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.
Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.
Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.