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Parking Spot 505 Richmond Street W in Toronto: Waterfront Communities C1 Condo for sale (Toronto C01) : MLS®# C12266137

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Parking Spot 505 Richmond Street W
Waterfront Communities C1 Toronto M5V 0P4

$130,000
Residential Condo & Other beds: 0 baths: 0.0

Main Photo: Parking Spot 505 Richmond Street W in Toronto: Waterfront Communities C1 Condo for sale (Toronto C01) : MLS®# C12266137
Status:
Active
Prop. Type:
Residential Condo & Other
MLS® Num:
C12266137
EV rough-in parking available. Must be a Unit owner in the building.
Property Type:
Residential Condo & Other
Property Sub Type:
Parking Space
Approx. Age:
0-5
Total Approx Floor Area:
0-499
Bedrooms:
0
Bathrooms:
0.0
Kitchens:
0
Storey:
D
Basement:
None
Garage:
Underground
Garage Spaces:
1.0
Parking Features:
Underground
Parking Type:
Owned
Parking Spaces:
1
Total Parking Spaces:
1.0
Parking Spot #1:
1
Possession Details:
60 days
HST Applicable To Sale Price:
Included In
Maintenance Fee:
$1
Maintenance fees include:
Building Insurance Included
Taxes:
$1 / 2025
Assessment:
$- / -
Toronto C01
Waterfront Communities C1
Toronto
Storage
Central Vacuum:
No
Seller Property Info Statement:
Yes
Condo Corporation Number:
2874
Property Management Company:
ICC
Building Name:
Waterworks
Date Listed:
Jul 06, 2025
Original Price:
Previous Price:
  • Photo 1: Parking Spot 505 Richmond Street W in Toronto: Waterfront Communities C1 Condo for sale (Toronto C01) : MLS®# C12266137
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Listed by MARQUIS REAL ESTATE CORPORATION
Data was last updated July 16, 2025 at 06:15 PM (UTC)
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

• Lower purchase price and monthly costs
• Ideal for singles, students, and urban professionals
• Easier to maintain and clean than larger units
• High rental demand in downtown and university districts
• Excellent option for entry-level investors

Studios for Sale – Features That Maximize Space

Studios offer compact but functional layouts that make the most of every square foot. Expect:

• Open-concept designs with combined living, sleeping, and dining areas
• Space-saving kitchens with modern appliances
• Private bathrooms and in-suite laundry in many units
• Buildings with amenities like gyms, lounges, and rooftop patios

Start Your Studio Search Today

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FAQs – Studio for Sale

1. What is the average price of a studio apartment?
In most major cities, studios range from $400,000 to $600,000, depending on location and amenities.

2. Are studios good for investment?
Yes. Studios are in high demand for rentals due to affordability and location—especially near transit, schools, and business hubs.

3. Who should buy a studio apartment?
Studios are ideal for first-time buyers, students, young professionals, or investors looking for a lower-cost entry into the real estate market.

4. Do studio apartments include laundry and parking?
Some do. Many newer buildings offer in-suite laundry and underground parking, though this varies by unit and development.