315-500 Richmond St
Waterfront Communities C1, Toronto, Ontario M5V 3N4
- Bedrooms
- 1+1
- Bathrooms
- 2
- Size
- 1,000–1,199sq ft
- Per sq ft
- $873at the range’s middle
- Tax a year
- $4,3732025 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 315-500 Richmond St
315-500 Richmond St is a 1+1-bedroom, 2-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $960,000 (MLS® C14094998).
This exceptionally designed, 1144 square foot, one-bedroom plus den, two-bathroom masterpiece in Cityscape Terrace reflects superior craftsmanship and attention to detail over two immaculate floors. Featuring a unique, customized layout with an abundant interior and exterior space, the entertainer's main floor showcases a tranquil and bright living & dining room which seamlessly integrates into an expansive west-facing private terrace oasis overlooking picturesque Augusta Street. The contemporary kitchen is a chef's dream and features stainless steel appliance, ample preparation space and storage throughout. The private upper level features a large primary bedroom retreat and is a full-floor sanctuary equipped with a fully updated, modern three-fixture spa-like bathroom and an expansive den area equipped with custom millwork which can be arranged as family room, home office or entertainment center.**Suite was originally configured as a 2 Bedroom** **EXTRAS** World Class Location! Easy Access To Queen & King West Shopping, Cafes & Galleries, Kensington Market, Financial & Entertainment Districts, Ace Hotel, Waterworks Food Hall, St. Andrews Park & Martin Goodman Trail. Steps To Public Transit.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall13/100−$2,695/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 282 condos with 2 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
- $4,373 / 2025
- MLS® number
- C14094998
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- 2-Storey
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Construction
- Brick
Inside
- Bedrooms
- 1+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 2pc Main, 1 × 4pc Upper
- 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
- No
- Den
- No
- Family room
- No
- Extras
- Includes All Stainless Steel Appliances. Fridge, Gas Stove, Microwave W/ Range Hood, Dishwasher, Front-Loading Washer & Dryer, All Lighting & Window Coverings, Parking.
- Condo maint.
- $951
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Primary | 4.48 × 5.79 m | Broadloom, 3 Pc Ensuite, W/I Closet | 2nd |
| Den | 3.04 × 4.21 m | Broadloom, Open Concept, B/I Bookcase | 2nd |
| Kitchen | 5.66 × 6.52 m | Tile Floor, Breakfast Bar, Stainless Steel Appl | Main |
| Dining | 5.66 × 6.52 m | hardwood floor, W/O To Terrace, West View | Main |
| Living | 5.66 × 6.52 m | hardwood floor, Gas Fireplace, West View | Main |
Listing history
Buy/sell history for 315-500 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 | $960,000 | N/A | For Sale | C14094998 |
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
- $192,000
- Total mortgage amount
- $768,000
- Total interest payment
- $546,000
- Total purchase cost
- $1,506,000
- Mortgage payment
- $4,380/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
69%Monthly carrying cost
$5,695- Rent $3,000
- Shortfall $2,695
Rental income opens at $3,000, the median asking rent of 282 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
- $15,675
- Toronto municipal land transfer tax
- $15,675
- Total land transfer tax
- $31,350
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $22,875
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 $960,000
- $11,200
- Ontario total
- $15,675
Toronto’s municipal tax uses the same brackets at this price, so it adds another $15,675.
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
- 630
- Median asking price
- $629K
- New in 7 days
- 69
- Price cuts
- 21%
Middle half: $539K to $837K
251 in 28 days
132 listings
This home is asking 53% above the median, higher than three quarters of them.
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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Recently sold nearby
Sold prices in Waterfront Communities C1 are shown to signed-in members.