$749,000 - 533 Richmond Street Unit 805, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 7 days agoNeighbourhood: Waterfront Communities C1
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- MLS Number
- C13844962
- Property Type
- Condo
- Status
- active
- Days on Site
- 7
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $3,568
- Maintenance Fees
- $1,086/mo
- Locker
- Owned
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
For those who like the finer things in life, this is the Fashion District loft you've been waiting for. Renovated with intention and passion for design. No cookie-cutter layout. No wasted space. This spacious 2-bedroom delivers a magazine-worthy kitchen & bathroom, 9ft concrete ceilings & feature walls, engineered oak floors, floor-to-ceiling windows, natural light and a king-size primary. The kitchen was designed for people who actually cook (or want to look like they do). Calacatta Vecchia quartz counters & backsplash. Custom island with storage & seating. Soft-close cabinetry & extended drawers. Custom under-cabinet lighting & potlights. Lutron smart switches. Oversized stainless sink. KitchenAid fridge with water & ice. Ultra-quiet KitchenAid dishwasher. And that rare downtown luxury: a gas stove with upgraded Lotus vent fan. The bathroom is equally considered: full-length custom vanity, White Smoke quartz, soft-close storage, Taj Mahal floor tile, Toto toilet, custom potlights & a whisper-quiet fan with timer. The open-concept living and dining space was made for entertaining, with room for a statement table. Laptops by day, dinner parties by night. Outside, the oversized L-shaped terrace offers a gas BBQ hookup. Morning coffee with a CN Tower view. Summer nights grilling and chilling. Both bedrooms have custom closet built-ins. The primary has a ceiling-mounted projector & screen. Movie night in bed? Absolutely. Full-size LG front-load laundry & a locker complete the package. Hate waiting for elevators? You're in the right place. This boutique mid-rise of 51 suites offers peace, privacy and exclusivity. Maintenance fees include water, natural gas and heating/cooling. Fahrenheit Coffee downstairs. King West, Queen West, Waterworks, The Well, Kensington Market, Trinity Bellwoods, fitness, dining & transit nearby. Steps to future Ontario Line stations at Queen-Spadina and King-Bathurst. Refined urban living with an industrial edge. A loft that lives like a home.
Estimate your monthly payments for this property
Estimated Payment
$3,842.76/mo
Includes CMHC insurance ($20,897)
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.
533 Richmond Street Unit 805, Downtown Toronto / Waterfront
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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
Fair Market Value
At $936/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $1086/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 800 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.
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 $3,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.