2 Days Ago
Highlights
Pet Friendly
Location
505 Richmond Street West #718, Toronto, ON M5V 0P4, CA|Fashion District
Tour 505 Richmond Street West #718
Contact
Milad Ravanchi
Our team has verified this company
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Amenities for 505 Richmond Street West #718, Fashion District
Features
| Air Conditioning | Balcony |
| Central Heat | Hardwood Floor |
| High Ceilings | Walk-in Closet |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Cats OK | Dogs OK |
| Roof Deck |
Grounds
| Swimming Pool |
Services
| Concierge Service |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 505 Richmond Street West #718
Finally! Your chance to live at the highly sought out Waterworks! This 1930s utility building converted into an elegant 13-storey boutique bldg designed by Diamond & Schmitt with lobby & amenities by Cecconi Simo sits conveniently between King and Queen West & is steps to downtown's finest dining & shopping. This rarely available, smart layout has a WALK-IN CLOSET!! + another second closet in the bedroom and a dreamy semi-ensuite bathroom. Welcome home! BONUS: Easy access to EVERYTHING! Especially inside the building itself: Beatrice Society, Lee Restaurant and the Waterworks Food Hall. Lovely concierges who know how to treat their residents like guests. Inclusions The amenities are fantastic: Two rooftop terraces with amazing views and lots of seating areas + BBQs. Gym, Gigantic stylish party room/meeting room/media room area. Included In Lease Building Insurance, Water, Common Elements
Lease Terms
1 yearAddress details
| Neighborhood | Fashion District |
|---|---|
| Post code | M5V 0P4 |
| Type | Condo for rent |
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Rent trends in Fashion District
1-bedroom apartments at 505 Richmond Street West #718 cost about 4% less than the average rent price for 1-bedroom apartments in Fashion District.
Median rents as of Mar 21 2026.
Fashion District
Toronto
| Month | Median Rent |
|---|---|
| April 2024 | $2,400 |
| May 2024 | $2,400 |
| June 2024 | $2,399 |
| July 2024 | $2,386 |
| August 2024 | $2,384 |
| September 2024 | $2,366 |
| October 2024 | $2,347 |
| November 2024 | $2,312 |
| December 2024 | $2,300 |
| January 2025 | $2,300 |
| February 2025 | $2,303 |
| March 2025 | $2,300 |
| April 2025 | $2,281 |
| May 2025 | $2,257 |
| June 2025 | $2,242 |
| July 2025 | $2,222 |
| August 2025 | $2,200 |
| September 2025 | $2,193 |
| October 2025 | $2,171 |
| November 2025 | $2,150 |
| December 2025 | $2,150 |
| January 2026 | $2,149 |
| February 2026 | $2,129 |
| March 2026 | $2,103 |
| Month | Median Rent |
|---|---|
| April 2024 | $2,545 |
| May 2024 | $2,580 |
| June 2024 | $2,509 |
| July 2024 | $2,547 |
| August 2024 | $2,510 |
| September 2024 | $2,516 |
| October 2024 | $2,506 |
| November 2024 | $2,498 |
| December 2024 | $2,499 |
| January 2025 | $2,561 |
| February 2025 | $2,573 |
| March 2025 | $2,654 |
| April 2025 | $2,620 |
| May 2025 | $2,652 |
| June 2025 | $2,661 |
| July 2025 | $2,734 |
| August 2025 | $2,756 |
| September 2025 | $2,723 |
| October 2025 | $2,657 |
| November 2025 | $2,599 |
| December 2025 | $2,612 |
| January 2026 | $2,582 |
| February 2026 | $2,483 |
| March 2026 | $2,587 |
Affordability calculator
Can I afford to live at 505 Richmond Street West #718?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$100,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $100,000 annually to afford this 1-bedroom monthly rent price of $2,500.
For more information on rent affordability, visit our rent calculator.
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Internet available near 505 Richmond Street West #718
Neighborhood
Fashion District | Toronto, ON
NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.
Getting around Toronto near 505 Richmond Street West #718
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 505 Richmond Street West #718, Toronto
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
9/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
9/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 505 Richmond Street West #718
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Neon Queen
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Rotblott's Discount Warehouse
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Java House
537 Queen St W
Power Up Coffee
483 Queen St W
Jimmy's Coffee Bar
107 Portland St
Starbucks
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Harrington Fine Foods
555 Richmond St W
Barchef
472 Queen St W
DPRTMNT Toronto
473 Adelaide St W
Cameron House
408 Queen St W
Velvet Underground
508 Queen St W
Baro
485 King St W
The Healthy Butcher
565 Queen St W
What A Bagel
130 Spadina Ave
Herbies Herbs
556 Queen St W
Forno Cultura
609 King St W
Millie PA Tisserie
12 Oxley St
St. Andrew's Playground
Alex Wilson Community Garden - Open Green Space
Randy Padmore Park
Victoria Memorial Square Park
Clarence Square Park
Impact Kitchen
444 Adelaide St W
In the Mood RSTRNT-Jazz Lounge
471 Richmond St W
Cops Cafe
445 Adelaide St W
Forte Entertainment
460 Richmond Street W
Tortilla Flats West
458 Queen St W
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UP Express Union Station
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LINE 1 (YONGE-UNIVERSITY)
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St Andrew Station - Northbound Platform
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