Back to Buildings Map

Waterworks Residences

505 Richmond St W, Toronto, ON M5V 0P4

Waterworks Residences, at 505 Richmond St W, is a condo building in the Waterfront Communities C1 area of Toronto, Ontario. It was built in 2021, has 290 residential units and stands 13 storeys tall.

Waterfront Communities C1
Year Built
2021
Units
290
Floors
13
Building Type
High-rise apartment condo

Market Overview

Avg Sold Price
$1,055,750
Median Sold
$971,500
Price Range
$646,000 – $1,720,000
Avg $/SqFt
$1,216
Sales (2yr)
18
Active Listings
6
Avg List Price
$816,150
Avg Days on Market
27

Last sale: Aug 23, 2026

Condo Fees

Avg Monthly Fee
$705
Median Fee
$719
Avg $/SqFt
$0.9
Units w/ Fee Data
40
Fee IncludesHeat, water, hydro, building insurance

Building Features

ExteriorBrick
AmenitiesConcierge, gym, party room, rooftop deck/garden, bike storage, visitor parking, recreation room, BBQs allowed, shared dock
Building TypeHigh-rise apartment condo
Floors13 storeys
Year Built2021

Policies

Pet PolicyAllowed with restrictions

Management

Management CompanyI.C.C. Property Management Ltd.2875 14th Avenue, Suite 300Markham, OntarioL3R5H8

About This Building

Waterworks Residences, located at 505 Richmond Street West in Toronto's Waterfront Communities neighbourhood, is a 13-storey high-rise apartment condo completed in 2021. Developed by Woodcliffe Mod Developments, the building combines a restored 1930s heritage structure with modern design, containing approximately 858-square-foot units on average. Recent sales have averaged around $1.06 million, with monthly condo fees averaging roughly $705 or $0.90 per square foot. The building features exceptional amenities including a rooftop garden with 360-degree views, concierge service, fitness centre, and a ground-floor food hall. Located steps from King West, Queen West, and St. Andrew's Playground, residents enjoy walkable access to dining, shopping, and transit. Prospective buyers should have the status certificate and reserve fund study reviewed by a lawyer or accountant to understand the building's financial health and any upcoming capital projects.

Nearby condo buildings

More in Toronto: Toronto condo buildings and document reviews. Ontario condo document reviews

General information, not legal advice. Building figures are approximate; confirm details in the corporation's own documents.

Premium reviews include your choice of a 24-hour turnaround (within 24 hours of having all required condo documents) or a video call. General information, not legal advice.

The information provided on this website is for general reference only and should be independently verified. CondoShield does not guarantee the accuracy or completeness of any data, listings, or building details. Always consult official sources and qualified professionals before making real estate decisions.