Maintenance Fees
WaterWorks Condos vs The Queen West Area
424 - 505 Richmond St
$990,0002 bds2 ba1 pk700 - 799 sqft
For SaleWaterWorks Condos
5.0
30 Days on Strata
$990,000
Price Cut: $1,090,000
Price Cut: $1,090,000
2 Beds
2 Bath
1 Parking
700 - 799 SQFT
Listing History
Details
Property Type:
Condo
Maintenance Fees:
$759/mth
Taxes:
$3,935 (2024)
Cost Per Sqft:
$1,239 - $1,414/sqft
Outdoor Space:
Terrace
Locker:
Owned
Exposure:
West
Possession Date:
To Be Arranged
Laundry:
Main
Amenities
Party Room
Bike Storage
Concierge
Indoor Parking
BBQs Allowed
Gym
Rooftop Deck
About this Listing
This lovely condo building in the historic fashion district offers 2 bedroom, 2 full bathroom, split plan suite. Offers one parking spot in a 13-store ldg designed by Diamond & Schmitt w/ jaw dropping lobby & amenities by Cecconi Simone. Building Integrates State of the Art 56K sqft YMCA. Original 1932 Great Hall which will be Toronto's first European food hall w/ direct access to park. 9' Ceilings, large balcony, upgraded cabinetry, European Appliances. 5 min walk to Financial District and Billy Bishop Airport. Surrounded by the best of Toronto's art, culture, nightlife, and restaurants.
ExtrasStainless Steel B/I Appliances; Fridge, Stove, Microwave. Washer & Dryer, Elf's, Window Coverings & Blinds.
spectrum realty services inc.MLS® #C12026700
Fees & Utilities
Maintenance Fees
Included in Fees
Parking
Not Included
Hydro
Heat
Air Conditioning
Water
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room dimensions are not available for this listing.
Buyer's Market
Balanced
Seller's Market
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10/10
Walkability
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10/10
Transit
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7/10
Bikeability
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
18,483
Average Individual Income
$71,628
Average Household Size
3 persons
Average Age
42
Average Household Income
$108,396
Dominant Housing Type
High Rise Apartment
Population By Age
Household Income
Housing Types & Tenancy
High Rise Apartment
43%
Semi Detached
25%
Detached
24%
Low Rise Apartment
3%
Duplex
2%
Marital Status
Commute
Languages (Primary Language)
Other
72%
Mandarin
13%
Cantonese
9%
Tagalog
2%
Arabic
1%
Spanish
1%
Urdu
1%
Korean
1%
Education
University and Above
43%
High School
21%
College
15%
None
12%
University Below Batchelor
3%
Apprenticeship
2%
Major Field of Study
Business Management
25%
Architecture & Engineering
17%
Social Sciences
12%
Health & Related Fields
10%
Math & Computer Sciences
8%
Humanities
6%
Physical Sciences
5%
Education
5%
Visual & Performing Arts
3%
Personal, Protective & Transportation Services
2%
Building Trends At WaterWorks Condos
Days on Strata
Units at WaterWorks Condos spend an average of
17
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
2%
below
the list price.
Offer Competition
Condos in this building have a
LOWchance of receiving
Multiple Offers
compared to other buildings in Queen West
Turnover of Units
On average, each unit is owned for
4.9
YEARS before being sold againProperty Value
-5%
Decrease in property value within the past twelve months
Price Ranking
2nd
Highest price per SQFT out of 52 condos in the Queen West area
Sold Units
12
Units were Sold over the past twelve months
Rented Units
49
Units were Rented over the past twelve months
Best Value Rank
WaterWorks Condos offers the best value out of 52 condos in the Queen West neighbourhood
?
Appreciation Rank
WaterWorks Condos has the highest ROI out of 52 condos in the Queen West neighbourhood
?
Rental Yield
WaterWorks Condos yields the highest rent prices out of 52 condos in the Queen West neighbourhood
?
High Demand
WaterWorks Condos is the most popular building out of 52 condos in the Queen West neighbourhood
?
Market Insights
Transaction Insights at WaterWorks Condos
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
|---|---|---|---|---|
| Price Range | $650,000 - $895,000 | $740,000 | $845,000 - $1,750,000 | No Data |
| Avg. Cost Per Sqft | $1,173 | $1,116 | $1,395 | No Data |
| Price Range | $2,300 - $3,417 | $2,900 - $3,500 | $2,995 - $5,850 | $14,000 |
| Avg. Wait for Unit Availability | 108 Days | 329 Days | 73 Days | 408 Days |
| Avg. Wait for Unit Availability | 20 Days | 71 Days | 19 Days | 240 Days |
| Ratio of Units in Building | 39% | 9% | 50% | 4% |
Market Inventory
Total number of units listed and sold in Queen West
