$1,888,800 - 330 Richmond Street Unit 2505, Downtown Toronto
Condo for Sale in Downtown Toronto
Popular ListingNeighbourhood: Waterfront Communities C1
- MLS Number
- C13501426
- Property Type
- Condo
- Status
- active
- Days on Site
- 8
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- CAPITAL NORTH REALTY CORPORATION
Experience luxury living in the heart of Toronto with this stunning 1,745 sq. ft. residence offering an exceptional blend of elegance, comfort, and functionality. Thoughtfully designed with a separate bedroom wing for added privacy, this suite features chevron hardwood flooring, 9' ceilings, pot lights, and a Crestron smart home system throughout. The designer kitchen is a true showpiece, complete with custom cabinetry, a Wolf gas cooktop and wall oven, panel ready Sub-Zero refrigerator, Cove panel ready dishwasher, quartz countertops, waterfall centre island with bar seating, and a full height quartz backsplash. The spacious dining area is perfect for entertaining and flows seamlessly into the open concept living room, highlighted by floor to ceiling windows that flood the space with natural light and a walkout to a large private terrace with unobstructed city views. A dedicated den provides the perfect space for a home office or study. The primary bedroom features a walk in closet and spa inspired 3 piece ensuite with oversized 48" x 48" porcelain tiles and designer fixtures. The second bedroom offers a custom built in closet, private balcony access, and a 4 piece ensuite bath. With three private outdoor spaces, including the expansive terrace, this residence offers exceptional indoor-outdoor living. Includes two underground parking spaces and one locker. Enjoy exceptional building amenities including an outdoor pool, fitness centre, party room with bar, games & billiards room, media room, BBQ terraces, and secure bike storage. Ideally located steps to public transit, world-class dining, shopping, and Toronto's renowned Entertainment District.
Estimate your monthly payments for this property
Estimated Payment
$8,354.80/mo
5-yr fixed avg.
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.
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
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.
330 Richmond Street Unit 2505, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1181/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,870 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.