505 Richmond Street W 1213, Toronto C01

$999,000
505 Richmond Street W 1213

$999,000

New
4d
Condo ApartmentApartment

505 Richmond Street W 1213, Toronto C01

Total Monthly Obligation $5,535

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
4d
Score
15
Yield
4.1%
Cash on Cash
-10.5%
Cap Rate
2.3%
5Y IRR
7.3%
10Y IRR
8.2%
Property Type-Condo Apartment
MLS® Number-C14092612
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$6,015.72 (2026)
Maintenance-$804.18/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Dec 1
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

An exceptional opportunity at Waterworks, one of King West's most architecturally distinctive addresses. This beautifully appointed two-bedroom, two-bathroom suite offers an expansive, thoughtfully designed layout and a rare 200 sq. ft. northwest-facing terrace with unobstructed city views, a BBQ gas line, and no neighbouring unit directly above. The result is an uncommon sense of openness, privacy, and natural light, both indoors and out.The generous open-concept living and dining areas flow seamlessly onto the terrace, creating an ideal setting for everyday living and entertaining. A sophisticated kitchen with premium European appliances and a large centre island anchors the space. The primary bedroom features double closets and a beautifully appointed ensuite, while the second bedroom is conveniently positioned adjacent to the second full bathroom, offering flexibility for guests, family, or a home office.Complete with parking featuring EV wiring and a separate locker, this suite delivers both style and practicality. Residents enjoy direct access to the Waterworks Food Hall and YMCA, with St. Andrew's Playground Park, some of Toronto's best restaurants, independent boutiques, and the energy of King West just steps away. A unique offering that combines contemporary design, exceptional outdoor space, and the convenience of downtown living.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$799,200
Land Transfer Taxes$16,455
Legal Fees (Est.)
$
Total cash required for closing$217,755

Total Monthly Obligation

$5,535/mo
Mortgage $4,030
Monthly Loss $4,475
Principal$1,060
Interest$2,969
Property Tax$501
Condo Fees$804
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.9%0
5-Year IRR
4.8%10
10-Year IRR
6.7%
Returns Index
6.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$40,668/yr
NOI
$18,535/yr
Net Cash Flow
-$2,485/mo
Cash Margin
-73.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo27
Risk Index
16.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 505 Richmond Street W 1213

Time

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