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502 15 Richardson Street in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01) : MLS®# C12237236

Searching for a studio apartment in Toronto for sale? These compact and stylish units are ideal for first-time buyers, students, and investors looking for an efficient space in a prime location.

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502 15 Richardson Street
Waterfront Communities C1 Toronto M5A 0Y5

$399,999
Residential Condo & Other beds: 0 baths: 1.0

Main Photo: 502 15 Richardson Street in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01) : MLS®# C12237236
Photo 1: 502 15 Richardson Street in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01) : MLS®# C12237236
Photo 2: 502 15 Richardson Street in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01) : MLS®# C12237236
Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
C12237236
Bathrooms:
1
Welcome to Your Brand-New Waterfront Studio at Empire Quay Condos Now Available for Sale! Experience modern waterfront living in this never-lived-in studio suite at Empire Quay, a newly completed residence by award-winning Empire Communities. Perfectly situated in Toronto's prestigious Harbourfront neighbourhood, this thoughtfully designed bachelor unit blends contemporary style with everyday comfort ideal for first-time buyers, professionals, or investors. The bright, open-concept layout is enhanced by premium finishes, sleek cabinetry, and a functional design that maximizes space and natural light. Step inside to discover modern urban living at its finest. Residents enjoy access to an impressive array of amenities, including 24/7 concierge service, a fully equipped fitness center, yoga and meditation rooms, a co-working lounge, a stylish social space, and a rooftop terrace complete with BBQs and breathtaking views of the city skyline and lake. Boasting a Walk Score of 92 and a Transit Score of 100, this unbeatable location puts you steps from Sugar Beach, St. Lawrence Market, Scotiabank Arena, waterfront trails, cafes, shops, parks, and more. Don't miss the opportunity to own this stunning, brand-new suite in one of Toronto's most vibrant and well-connected waterfront communities. **Virtually Staged**
Property Type:
Residential Condo & Other
Property Sub Type:
Condo Apartment
Home Style:
Apartment
Total Approx Floor Area:
0-499
Exposure:
North
Bedrooms:
0
Bathrooms:
1.0
Kitchens:
1
Bedrooms Above Grade:
0
Kitchens Above Grade:
1
Rooms Above Grade:
3
Heating type:
Forced Air
Heating Fuel:
Gas
Storey:
5
Balcony:
Juliette
Basement:
None
Fireplace/Stove:
No
Garage:
Underground
Garage Spaces:
0.0
Parking Features:
Underground
Parking Type:
None
Parking Spaces:
0
Total Parking Spaces:
0.0
Locker:
None
Family Room:
No
Possession Details:
flexible
HST Applicable To Sale Price:
In Addition To
Maintenance Fee:
$224.83
Maintenance fees include:
None
Development Charges Paid:
No
Taxes:
$0 / 2025
Assessment:
$- / -
Toronto C01
Waterfront Communities C1
Toronto
Other
Restricted
Concrete
Floor
Type
Size
Other
Main
Kitchen
7'10" × 6'3"
Main
Living Room
7'10" × 6'3"
Main
Dining Room
7'10" × 6'3"
UFFI:
No
Special Designation:
Unknown
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
No
Laundry Access:
Ensuite
Condo Corporation Number:
0
Property Management Company:
TBD
Building Name:
Empire Quay House
Date Listed:
Jun 20, 2025
Original Price:
Previous Price:
  • Photo 1: 502 15 Richardson Street in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01) : MLS®# C12237236
    Photo 1 of 2
  • Photo 2: 502 15 Richardson Street in Toronto: Waterfront Communities C1 Condo Apartment for sale (Toronto C01) : MLS®# C12237236
    Photo 2 of 2
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Listed by RE/MAX WEST REALTY INC.
Data was last updated June 23, 2025 at 04:15 AM (UTC)
Area Statistics
Listings on market:
992
Avg list price:
$699,000
Min list price:
$379,900
Max list price:
$24,888,000
Avg days on market:
38
Min days on market:
1
Max days on market:
648
These statistics are generated based on the current listing's property type and located in Waterfront Communities C1. Average values are derived using median calculations.
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DARYL KING
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
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Why Buy a Studio Apartment in Toronto

• Entry-level price point in the competitive Toronto market
• Low maintenance and utility costs
• Popular with students, professionals, and renters
• Located in transit-accessible, walkable neighbourhoods
• Strong rental demand and resale value

Toronto Studio Apartments – What to Expect

Studio apartments in Toronto offer modern layouts and efficient use of space, often featuring:

• Combined living, sleeping, and dining areas with open design
• Functional kitchens with full-sized appliances and sleek finishes
• In-suite laundry and balconies in many buildings
• Access to amenities like gyms, rooftop patios, concierge, and bike storage

Start Your Studio Apartment Search in Toronto Today

Explore listings for studio apartments for sale in Toronto and connect with our team for showings, market advice, and financing options. Whether you’re buying your first home or building your investment portfolio, we’re here to help.

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FAQs – Studio Apartment Toronto for Sale

1. How much does a studio apartment cost in Toronto?
Prices typically range from $450,000 to $650,000 depending on size, location, and building features.

2. Are studio apartments good for investment in Toronto?
Yes. With high demand from students and single professionals, studios offer strong rental potential and long-term growth.

3. Where can I find studio apartments in Toronto?
Downtown, Liberty Village, North York, and near universities like U of T and Ryerson are common locations for studios.

4. What’s the difference between a studio and a bachelor unit?
They are often used interchangeably, but bachelor units may be slightly smaller. Both combine living and sleeping areas in one open space.