505 Richmond Street W 708, Toronto C01

$635,000
505 Richmond Street W 708

$635,000

New
30d
Condo ApartmentApartment

505 Richmond Street W 708, Toronto C01

Total Monthly Obligation $3,493

HausQ Valuation Report
Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
30d
Score
17
Yield
4.3%
Cash on Cash
-8.6%
Cap Rate
2.7%
5Y IRR
8.8%
10Y IRR
9.3%
Property Type-Condo Apartment
MLS® Number-C13818048
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Sep 23, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,707 (2026)
Maintenance-$505.74/mo
Locker-Owned
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-BOSLEY REAL ESTATE LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick Front, Metal/Steel Siding
Possession-TBA
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Welcome To Waterworks! Built On Top Of A 1930S Heritage Utility Building This Modern Boutique Building Combines Old Charm And Modern Design. This Stunning One Bedroom Suite Features West Facing Views, A 72 Sq/ft Balcony Off The Living Area, And A Locker, Sits Conveniently Btwn King And Queen West & Is Steps To Downtowns Finest Dining & Shopping. This Unit Boasts High, Smooth Ceilings, Pot Lights Throughout, Stainless Steel Appl. And Kitchen Island. Building Offers Amazing Facilities. First-Class Concierge, Gym, Large Party Room And One-Of-A-Kind Rooftop Garden, With 360 Downtown And CN Tower View, Food Hall Is Absolutely A Bonus To Have Downstairs With High-End Restaurants And Bars. Designed By Award Winning Cecconi Simone With The Finest Hardware And Finishes. Your Dream Location In Downtown Toronto!

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$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$508,000
Land Transfer Taxes$9,175
Legal Fees (Est.)
$
Total cash required for closing$137,675

Total Monthly Obligation

$3,493/mo
Mortgage $2,561
Monthly Loss $2,819
Principal$674
Interest$1,887
Property Tax$226
Condo Fees$506
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.5%0
5-Year IRR
5.9%14
10-Year IRR
7.5%
Returns Index
8.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$27,588/yr
NOI
$13,653/yr
Net Cash Flow
-$1,424/mo
Cash Margin
-61.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
22.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 505 Richmond Street W 708

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.