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    501 - 505 Richmond St W

    $2,9001 bd1 ba0 pk600 - 699 sqft
    16 Days on Strata
    Est Lease Timeframe:
    20 Days
    $2,900/mth
    Price Cut: $3,080
    1 Bed + 1
    1 Bath
    0 Parking
    600 - 699 SQFT

    Listing History


    Details

    Property Type:

    Condo

    Possession Date:

    April 1, 2025

    Lease Term:

    1 Year

    Utilities Included:

    No

    Outdoor Space:

    Terrace

    Furnished:

    No

    Exposure:

    South East

    Locker:

    None

    Amenities

    Party Room
    Bike Storage
    Concierge
    Indoor Parking
    BBQs Allowed
    Gym
    Rooftop Deck

    About this Listing

    Welcome to this rarely offered one-bedroom + den suite in a stunning Art Deco-inspired boutique residence, designed by the award-winning Cecconi Simone. Blending historic charm with contemporary sophistication, this impeccably designed home offers both style and functionality in the heart of the city. Step inside to 9 smooth ceilings with recessed pot lighting, creating an airy, open ambiance. Wide plank waterproof laminate flooring stretches throughout, providing both durability and elegance. The European-style kitchen is a true showpiece, featuring integrated appliances, sleek stone countertops, a striking backsplash, and an oversized center island, all framed by custom millwork, open shelving, and a stylish display case. The primary bedroom is a serene retreat with floor-to-ceiling windows, a spacious closet, and convenient semi-ensuite access. The den offers the perfect space for a home office, guest area, or creative studio, providing flexibility for modern living. Located in a boutique building that offers a curated lifestyle, residents enjoy direct access to a gourmet food hall, an upscale café, and the renowned Lee Restaurant on the ground floor. The on-site YMCA with a pool ensures wellness and convenience, while St. Andrews Park, King West's renowned restaurants, cafés, and nightlife are just steps away. With the Entertainment, Financial, and Fashion Districts within easy reach, this is more than a home it's a lifestyle designed for those who appreciate timeless elegance and urban convenience. Dog and Cat friendly landlord / building / Pets Welcome!

    ExtrasBuilt in Fridge, Stove, Dishwasher, In suite Washer-Dryer, Builder Window Coverings. Tenant Pay Hydro, Internet, Heat, Tenant Insurance.

    property.ca inc.MLS® #C12052959

    Fees & Utilities

    Utilities Included

    Rent Includes
    Building Insurance
    Not Included
    Hydro
    Heat
    Air Conditioning
    Water

    Utility Type

    Air Conditioning

    Central Air

    Heat Source

    No Data

    Heating

    Forced Air

    Room Dimensions

    Living

    Combined with Kitchen, Combined with Dining, Balcony

    22.51 x 11.09ft

    Bedroom

    Laminate, 4 Piece Ensuite

    10.27 x 8.56ft

    Den

    Glass Doors

    11.71 x 6.07ft

    Kitchen

    Combined with Living

    22.51 x 11.09ft

    Renter's Market
    Balanced
    Landlord's Market

    Similar Listings

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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
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    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%


    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
    LOW
    chance 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 again

    Property 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 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$2,300 - $3,417$2,900 - $3,500$2,995 - $5,850$14,000
    Avg. Wait for Unit Availability20 Days71 Days19 Days240 Days
    Ratio of Units in Building39%9%50%4%

    Market Inventory

    Total number of units listed and leased in Queen West


    The information on this website is taken from sources deemed reliable. However, the accuracy cannot be guaranteed and it is the responsibility of the website user to personally verify all information. The property information herein is derived from various sources that may include, but are not limited to, municipal records and the Multiple Listing Service, and may include approximations.

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