730-505 Richmond Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13588030
About this home
Welcome to the iconic Waterworks Building, where historic Toronto character meets modern luxury in the heart of downtown. Originally built in the 1930s and thoughtfully transformed into a boutique residence, this beautifully upgraded suite offers a rare opportunity to lease in one of the city's most distinctive buildings. Featuring custom enhancements, the unit includes wide-plank flooring, pot lights with dimmers throughout, integrated custom closets, a Venetian plaster backsplash, privacy film, and a striking glass bedroom wall. The upgraded designer kitchen is both stylish and functional, complete with premium integrated appliances and custom cabinetry. Enjoy sweeping views of the city skyline and nearby green space, along with direct access to the popular Waterworks Food Hall. Residents also have access to an impressive lobby, fitness centre, party room, and rooftop terrace. This pet-friendly building is ideally located steps from Queen West shopping, some of Toronto's best restaurants, cafés, parks, and entertainment. Locker included. A thoughtfully designed home offering character, convenience, and elevated downtown living.
Key facts
- Property type
- Condo Apartment, 1 Storey/Apt
- MLS®
- C13588030
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 700-799
- Cross streets
- Richmond and Brant
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Exposure
- South West
- Days on market
- 3
- Listing brokerage
- SAGE REAL ESTATE LIMITED
Rooms
Listed at $3,200/mo, and my independent estimate is within the range of comparable rentals, on the lower side.
In Waterfront Communities C1 lately, landlords get about 100% of asking; homes lease in ~14 days.
Total price vs nearby homes. Fair value about $3,553/mo, median of 38 comparables.
How this estimate is builtthe short version
I take the 38 most comparable recent leases nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent lease prices, not asking prices. Lot, condition, and finishes are my in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is City School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Waterfront Communities C1, so I widened the search to the surrounding area.
Based on 38 comparable rentals that recently leased nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Waterfront Communities C1, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SAGE REAL ESTATE LIMITED. MLS®/PropTx.