109-500 Richmond St
Waterfront Communities C1, Toronto, Ontario M5V 3N4
- Bedrooms
- 2+1
- Bathrooms
- 2
- Size
- 1,400–1,599sq ft
- Per sq ft
- $733at the range’s middle
- Tax a year
- $5,5352025 tax year
- Built
- 16-30
- Parking
- 11 underground
- Days on market
- Members
The brief
About 109-500 Richmond St
109-500 Richmond St is a 2+1-bedroom, 2-bathroom condo townhouse in Waterfront Communities C1, Toronto, listed for sale at an asking price of $1,099,000 (MLS® C14149312).
Rarely offered - a spacious two-storey townhouse located at one of downtown Toronto's most well-loved boutique buildings. Located in the heart of Queen West and the Fashion District, this bright, thoughtfully-designed two-bedroom, two-storey unit offers the best of downtown urban living in a quiet, elegant retreat. With direct to street access, Unit 109 offers 1,437 square feet of elevated living. The main floor greets you with heightened ceilings, an oversized living room with two distinct seating areas, a gas fireplace, and an expansive wall of built-in shelving. An effortless flow to a charming 231-square-foot enclosed terrace with gas and water hookups offers your own private outdoor retreat. The kitchen is equipped with a suite of stainless steel appliances, a large breakfast bar and walk-in pantry. The adjacent standalone dining room is a rarity providing ample room for large gatherings in its own distinct setting with oversized built-in storage, crown moulding and recessed lighting throughout. This room could easily be converted to a spacious third bedroom. Upstairs two generous bedrooms greet you along with nearby ensuite laundry. The primary fits a king-sized bed comfortably and leads to a walk-in custom closet and a renovated spa-like ensuite bathroom with oversized shower. The second bedroom with south views could easily double as an office or guest room, with a double closet. Ground floor street-access units in this building are rarely available. Steps to the vibrant neighbourhoods of Queen West, King West, the Financial & Entertainment Districts, with endless nearby restaurants, shops and cafes and transit at your doorstep. Whether you're looking for a city pied-à-terre or a full-time home, this impeccable two-storey home is a rare opportunity to own a true Toronto gem in this coveted neighbourhood.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall27/100−$2,101/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 72 homes with 3 bedrooms for lease in Waterfront Communities C1 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,535 / 2025
- MLS® number
- C14149312
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 16-30
- Days on market
- Size
- 1400-1599 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 1400-1599 sqft
- Building Age
- 16-30
- Construction
- Brick
Inside
- Bedrooms
- 2+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc 2nd, 1 × 4pc 2nd
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- Yes
- Den
- No
- Family room
- No
- Extras
- Kitchen Appliances: Samsung Stainless Steel Double Fridge (2024), Frigidaire Stainless Steel Gas Oven, Frigidaire Stainless Steel Microwave Venthood, Kenmore Stainless Steel Dishwasher. Laundry Appliances: Whirlpool Dryer (2024), LG Direct Drive Washer. All Window Treatments. All Electric Light Fixtures.
- Condo maint.
- $951
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Foyer | 2.29 × 2.64 m | Tile Floor, Double Closet, B/I Shelves | Main |
| Kitchen | 3.25 × 3.76 m | hardwood floor, Stainless Steel Appl, Breakfast Bar | Main |
| Living | 4.22 × 6.7 m | hardwood floor, B/I Bookcase, W/O To Garden | Main |
| Dining | 4.01 × 4.5 m | hardwood floor, Crown Moulding, Recessed Lights | Main |
| Primary | 3.48 × 5.44 m | hardwood floor, W/I Closet, 4 Pc Ensuite | Upper |
| 2nd Br | 3.3 × 3.78 m | hardwood floor, Double Closet, South View | Upper |
Listing history
Buy/sell history for 109-500 Richmond St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,099,000 | N/A | For Sale | C14149312 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $219,800
- Total mortgage amount
- $879,200
- Total interest payment
- $625,000
- Total purchase cost
- $1,724,000
- Mortgage payment
- $5,014/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
54%Monthly carrying cost
$6,426- Rent $4,325
- Shortfall $2,101
Rental income opens at $4,325, the median asking rent of 72 comparable homes for lease in Waterfront Communities C1. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $18,455
- Toronto municipal land transfer tax
- $18,455
- Total land transfer tax
- $36,910
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $28,435
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,099,000
- $13,980
- Ontario total
- $18,455
Toronto’s municipal tax uses the same brackets at this price, so it adds another $18,455.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Heritage and ravine protection
- On the Heritage Register — Part V, by-law 1120-2024
- In the King-Spadina Heritage Conservation District, by-law 1111-2017
- Not in the mapped ravine protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
CRE (x76)By-law
569-2013Municipality
Toronto1 x76
Site-specific exception 76: this site has rules of its own, written in the by-law.
2 Where this is written
Chapter 50, section 50.10 of By-law 569-2013 · Exception 900.12.10(76)
3 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
11 building permits cleared at this address in the City’s file.
Other(PS)Inspection
Proposal to replace in-suite kitec domestic water piping.
Issued April 2, 2026
Building Permit Related(PS)Closed
Plumbing - Proposal for interior alterations - a new main floor washroom and minor plumbing work
Issued August 22, 2024
Interior AlterationsInspection
Proposal for interior alterations - a new main floor washroom and minor plumbing work
Issued August 22, 2024
Other(BA)Closed
Podium Deck Rehabilitation and Landscaping Rehabilitation
Issued May 13, 2022
Other(BA)Cancelled
Podium Deck Rehabilitation and Landscaping Rehabilitation
Completed April 20, 2022
Other(BA)Cancelled
Podium Deck Rehabilitation and Landscaping Rehabilitation
Completed March 18, 2022
Other(PS)Inspection
Proposal to remove Kitec and replace with Uponor piping
Issued July 21, 2020
Interior AlterationsClosed
Proposed interior alterations to existing retail store to convert to dental office - Unit 128.
Issued October 15, 2019
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
471 RICHMOND ST WSite planUnder Review
Proposal for a hotel development containing a two storey podium which connects two tower elements with total heights of 19-storeys each tower along Richmond Street West and Camden Street.
80 m away465 RICHMOND ST WSite planUnder Review
Proposal for a hotel development containing a two storey podium which connects two tower elements with total heights of 19-storeys each tower along Richmond Street West and Camden Street.
90 m away38 CAMDEN STSite planUnder Review
Proposal for a hotel development containing a two storey podium which connects two tower elements with total heights of 19-storeys each tower along Richmond Street West and Camden Street.
110 m away457 RICHMOND ST WSite planUnder Review
Site Plan Control application to facilitate the development of a 19-storey mixed use building with a height of 57 metres, 140 residential units and 107 square metres of non-residential GFA. The associated application to amend the zoning by-law was OLT approved in May 2022 (File No. PL170832).
110 m away450 RICHMOND ST WSite planUnder Review
Site Plan Approval application for a proposed 19-storey mixed-use building comprised of 117 residential dwelling units, 339 square metres of retail space on the ground floor.
120 m away49-51 CAMDEN STSite planOMB Appeal
Proposal for site plan approval related to a 130-room hotel consisting of 14 stories, with a mechanical penthouse included in the 12th and 14th story. The building provides total GFA as 7,796.8
120 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Waterfront Communities C1 right now
- For sale now
- 12
- Median asking price
- $1.17M
- New in 7 days
- 3
- Price cuts
- 17%
Middle half: $824K to $1.43M
7 in 28 days
2 listings
This home is asking 6% below the median.
See all homes in Waterfront Communities C1Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Osgoode Station | TTC subway: Line 1 Yonge-University | 1 km |
| St Andrew Station | TTC subway: Line 1 Yonge-University | 1.1 km |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 1.1 km |
| Queen's Park Station | TTC subway: Line 1 Yonge-University | 1.5 km |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.6 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Ogden Junior Public SchoolToronto DSB | Public · grades JK–6 | 350 m | 72%Grade 6 average |
| Ryerson Community School Junior SeniorToronto DSB | Public · grades JK–8 · French Immersion | 500 m | 52%Grade 6 average |
| St Mary Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 550 m | 75%Grade 6 average |
| École élémentaire Pierre-Elliott-TrudeauConseil scolaire Viamonde | French-language public · grades JK–6 | 1.3 km | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 900 m | 8%Grade 9 math |
| Subway Academy IIToronto DSB | Public · grades 9–12 | 950 m | — |
| Msgr Fraser College (Southwest)Toronto CDSB | Catholic · grades 9–12 | 1.8 km | — |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 2.4 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Waterfront Communities C1 are shown to signed-in members.