- 505 Richmond Street W

Toronto | Ontario

The Spirit of

Urban Elegance

View Photos Watch Film 360° VTour Open House

Yann Danyluk

Presented At

$591,062

Bedrooms

High Ceiling

Stone Countertops

Fitness Center / Gym

Bar

Kitchen island

Laundry Room

Wine Cellar

Terrace

Parking

Balcony

Pool

City View

Modern

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414

- 505 Richmond Street W

Toronto | Ontario

414 - 505 Richmond Street W, Toronto, Ontario, Canada. , Toronto , Ontario

414 - 505 Richmond Street W

Set within the landmark Waterworks Residences, Suite 414 offers a serene urban retreat above St. Andrew's Park. This 1+1 bedroom, 1 bathroom layout combines just under 700 square feet of interior living with a 112 square-foot northwest-facing terrace, an elegant expression of downtown livability. Ten-foot ceilings, floor-to-ceiling windows, and motorized blinds draw natural light deep into the home, while lighter finishes enhance openness and flow. At its centre, a custom Cecconi Simone kitchen anchors the open-concept plan, featuring Dekton surfaces, full-height millwork, and integrated appliances that unite form and function with quiet precision. The primary bedroom is proportioned for comfort, offering his-and-hers closets and a three-piece semi-ensuite finished in stone and glass. The enclosed den, privately positioned near the entry, transitions naturally into a guest suite or workspace, reflecting the versatility of contemporary [hidden information] northwest terrace extends the living space outdoors, ideal for late-day sun and evening gatherings. Additional features include in-suite laundry, one parking space, and a private locker, offering practical convenience within a refined [hidden information] enjoy access to a state-of-the-art YMCA with 25-metre pool and fitness centre, rooftop terraces, private dining and lounge spaces, and the celebrated Food Hall Toronto within the restored Great Hall. Moments from Queen West, Spadina, and the Financial Core, Suite 414 captures the balance of design, light, and heritage that defines Waterworks. See Schedule B

Gallery

3D Street View Tour

Property Location

414 - 505 Richmond Street W, Toronto, Ontario, Canada., Toronto Ontario

Local Weather & Climate

Toronto, Ontario

Current Conditions Updated recently

31 °F

Snow

Feels Like 21°F

Humidity 88%

Wind 15 mph

Visibility 1 mi

Sunrise 11:33 AM

Sunset 11:20 PM

5-Day Forecast

Fri 13 Mar

Snow

High 34°

Low 32°

Sat 14 Mar

Snow

High 36°

Low 28°

Sun 15 Mar

Clouds

High 36°

Low 29°

Mon 16 Mar

Clouds

High 48°

Low 34°

Tue 17 Mar

Snow

High 32°

Low 20°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Toronto?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

C$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for Canada. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on Canada tax year 2025 (fiscal year: January-December), rules effective from 1972. Tax laws change frequently and may have been amended since this data was compiled.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

$818,900

414 - 505 Richmond Street W, Toronto, Ontario, Canada.

Toronto, Ontario

2 Beds

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Market Opinion

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Our perspective on current market conditions in Toronto. For informational purposes only — always consult a licensed real estate professional before making decisions.

Market Analysis

International luxury real estate typically appreciates steadily over time.

Buyer Score

Estimated regional appreciation: 4% annually

Ultra-luxury properties tend to be more resilient during market downturns

Future Value & Wealth Building

Starting investment: $59,106,200 20% down ($11,821,240)

Investment Perspective

$1 → $1.36

Every dollar invested today could become $1.36 in 10 years

$100 → 136 $1,000 → $1,362

$5,079/day

Your home may appreciate while you sleep

$35,651/week $154,486/mo $1,853,828/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$281K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 8% advantage over stocks

-$32.5M

+$46.1M

$46.1M Potential Equity

vs $32.5M lost to rent over 10 years

$11.8M Down Payment Growth

3.9x

10yr

$46.1M

8.1x

20yr

$95.5M

12.6x

30yr

$149.3M

Wealth Comparison

×355

Equivalent to 355 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $149.3M

Time to Double Your Investment (accounting for market cycles)

42.4

years

Conservative

1.65% effective/yr

22.4

years

Market-Based

3.14% effective/yr

15.3

years

Optimistic

4.62% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $69.6M +18%

Market $80.5M +36%

Optimistic $92.9M +57%

$46.1M est. equity

20 Years

Conservative $82.0M +39%

Market $109.6M +85%

Optimistic $146.0M +147%

$95.5M est. equity

30 Years

Conservative $96.5M +63%

Market $149.3M +153%

Optimistic $229.4M +288%

$149.3M est. equity

These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from World Bank and regional real estate market research | Estimates based on historical appreciation trends

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 414 - 505 Richmond Street W, Toronto, Ontario, Canada have?

This apartment at 414 - 505 Richmond Street W, Toronto, Ontario, Canada features 2 bedrooms.

What is the listing price for 414 - 505 Richmond Street W, Toronto, Ontario, Canada?

This property is listed at $59,106,200.

Is now a good time to buy a home in Toronto?

Based on current market indicators, Toronto shows an active market. The market opportunity score is 65 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is 414 - 505 Richmond Street W, Toronto, Ontario, Canada?

This is a apartment located in Toronto, Ontario. The property is situated in an established neighborhood with convenient access to local amenities and services.