612 - 505 Richmond Street W

Waterfront Communities C1, Toronto

612 - 505 Richmond Street W, Waterfront Communities C1, Toronto

$1,295,000


Bedrooms: 2

Bathrooms: 1

Living Area: 800 sqft

Price Per Sqft: $1,618.75


About this Condo

in Waterfront Communities C1, Toronto

The Waterworks building, by now, hardly needs any introduction... impeccably built, award-winning, well run and vibrant. This particular suite began as a two-bedroom layout and has been thoughtfully converted into a one-bedroom, resulting in an extraordinary sense of space and flow. The simple edit elevates the home into something unique: a residence with sweeping skyline and charming city views, paired with a generous corner balcony that extends the living outdoors. With meticulously upgraded lighting, kitchen cabinetry and custom wardrobes, double layered window treatments all allow to personalize the level of lighting and privacy to one's mood. The Signature split bathroom is smartly laid out to provide privacy when entertaining or when there is more than one occupant in the household. The option to convert back to a two bedroom is available and can be easily done (before closing, if so desired). Tasteful and beautiful local custom wood furniture combined with pieces from Danish design houses such as &Tradition and Audo (formerly Menu) can be all available for purchase. Vibrant Food Hall and patios, event spaces, flower shop, Susur Lee's restaurant, and now open YMCA with a pool, are right at the door. Surrounded by the Health and Wellness corridor and Ace hotel and many many more amenities, dining, shopping, and cultural experiences just beyond. Situated in one of downtown Toronto's most walkable neighbourhoods, this home offers an unmatched balance of privacy, community and connection to the city's best.The building, alone, has its own well equipped private gym, a stylish lounge/party room for private events, fantastic management and lively social events for residents. Also a spectacular rooftop with barbecues that hosts a summer cinema series.

Listed by ROYAL LEPAGE YOUR COMMUNITY REALTY.


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LAND TRANSFER TAX CALCULATOR


Purchase Price  
First-Time Home Buyer

Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities


MORTGAGE CALCULATOR


     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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