15 Richardson Street Unit 705, Toronto C01

Price: $490,000

1 bedrooms, 1 bathrooms

Property Type: Condo

MLS#: C13819200

Live by the Lake in Style at Empire Quay HouseWelcome to Unit 705 a bright and modern 1-bedroom suite perfectly positioned where downtown Toronto meets the waterfront. This thoughtfully designed condo features a sleek open-concept layout with a contemporary kitchen, stainless steel appliances, in-suite laundry, brand-new blinds, and a private balcony offering a serene escape.Enjoy a lifestyle of convenience and luxury with exceptional building amenities including a 24-hour concierge, state-of-the-art fitness centre, yoga and meditation studios, co-working lounge, and an expansive rooftop terrace with BBQs and stunning city views.Just steps from Sugar Beach, St. Lawrence Market, Scotiabank Arena, George Brown College, and a host of dining, shopping, and entertainment options. With a Walk Score of 92 and a perfect Transit Score of 100, commuting is effortless whether by streetcar, subway, or nearby highway access. An ideal choice for professionals, students, or anyone seeking stylish urban living in one of Toronto most vibrant neighbourhoods.

15 Richardson Street Unit 705 - Condo photo 1 of 10 in Downtown Toronto / Waterfront, Ontario
15 Richardson Street Unit 705 - Condo photo 2 of 10 in Downtown Toronto / Waterfront, Ontario
15 Richardson Street Unit 705 - Condo photo 3 of 10 in Downtown Toronto / Waterfront, Ontario
15 Richardson Street Unit 705 - Condo photo 4 of 10 in Downtown Toronto / Waterfront, Ontario
15 Richardson Street Unit 705 - Condo photo 5 of 10 in Downtown Toronto / Waterfront, Ontario
15 Richardson Street Unit 705 - Condo photo 6 of 10 in Downtown Toronto / Waterfront, Ontario
15 Richardson Street Unit 705 - Condo photo 7 of 10 in Downtown Toronto / Waterfront, Ontario
15 Richardson Street Unit 705 - Condo photo 8 of 10 in Downtown Toronto / Waterfront, Ontario
15 Richardson Street Unit 705 - Condo photo 9 of 10 in Downtown Toronto / Waterfront, Ontario
15 Richardson Street Unit 705 - Condo photo 10 of 10 in Downtown Toronto / Waterfront, Ontario
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$490,000 - 15 Richardson Street Unit 705, Downtown Toronto

Condo for Sale in Downtown Toronto

Popular Listing

Neighbourhood: Waterfront Communities C1

1Beds
1Baths
N/ASq Ft
Condo

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Property Details
MLS Number
C13819200
Property Type
Condo
Status
active
Days on Site
14
Bedrooms
1
Bathrooms
1
Square Feet
N/A sqft
Neighbourhood
Downtown Toronto / Waterfront
Maintenance Fees
$322/mo
Locker
Owned
Exposure
East
Balcony
Terrace
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Live by the Lake in Style at Empire Quay HouseWelcome to Unit 705 a bright and modern 1-bedroom suite perfectly positioned where downtown Toronto meets the waterfront. This thoughtfully designed condo features a sleek open-concept layout with a contemporary kitchen, stainless steel appliances, in-suite laundry, brand-new blinds, and a private balcony offering a serene escape.Enjoy a lifestyle of convenience and luxury with exceptional building amenities including a 24-hour concierge, state-of-the-art fitness centre, yoga and meditation studios, co-working lounge, and an expansive rooftop terrace with BBQs and stunning city views.Just steps from Sugar Beach, St. Lawrence Market, Scotiabank Arena, George Brown College, and a host of dining, shopping, and entertainment options. With a Walk Score of 92 and a perfect Transit Score of 100, commuting is effortless whether by streetcar, subway, or nearby highway access. An ideal choice for professionals, students, or anyone seeking stylish urban living in one of Toronto most vibrant neighbourhoods.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,513.95/mo

Includes CMHC insurance ($13,671)

$
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5%10%50%

5-yr fixed avg.

Principal: $441,000Interest: $299,515
Mortgage Amount$454,671
Total Interest$299,515
Est. Property Tax$347/mo
Total Cost$754,186

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Waterfront Communities C1

Discover Waterfront Communities C1

Waterfront Communities C1 is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Waterfront Communities C1

  • •Convenient location in Downtown Toronto / Waterfront
  • •Access to local shops and dining
  • •Good public transit connections
  • •Community parks and green spaces
  • •Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • •MiWay bus routes throughout the area
  • •GO Transit stations within driving distance
  • •Easy highway access to 401/403/QEW
  • •Walking distance to local amenities

Parks & Amenities

  • •Local parks and recreational facilities
  • •Community centres
  • •Shopping plazas nearby
  • •Restaurants and cafes

Lifestyle & Community

Waterfront Communities C1 offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

15 Richardson Street Unit 705, Downtown Toronto / Waterfront

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
3.9%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$322
Property Tax (est.)-$347
Insurance (est.)-$102
Net Cash Flow+$1,589

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $322/month fees should cover building insurance, common elements, and reserve contributions.

Efficient Living

At 0 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

About Waterfront Communities C1

I know Waterfront Communities C1 well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    15 Richardson Street Unit 705 | $490,000 | Battaglia Team