Living room with furniture, unknown for 500 Richmond St #Ph06, Toronto Ontario M5V 1Y2
6 hours on Market

500 Richmond St #Ph06, Toronto, Ontario M5V 1Y2

In the same building:
-
Condo
2
2
~1000-1199 sqft
$1,175,000
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$11,750Cashback
Condo
2
2
~1000-1199 sqft

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Highlights

Property Estimate

Days on market6 hours

Estimated valueNot available

Price/Sqft$1,077/sqft

Monthly cost

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+57

Properties sold*

$637K

Median sold price*

*Based on last 30 days

Description

Situated in the highly sought-after Cityscape Terrace, this spectacular two-bedroom, two-bathroom penthouse conveniently located in Toronto's Fashion District offers the ultimate in indoor-outdoor living experience. With approximately 1,090 square feet of beautifully designed interior space and a breathtaking 545 sq ft private terrace oasis with unobstructed southern views, this rare gem is perfect for both your personal enjoyment or entertaining. This townhouse in the sky boasts a rare multi-floor layout perfect for all aspects of life. The expansive windows with southern exposure and a second floor skylight flood the suite with natural light. The large kitchen has been updated and features full-sized appliances and a generous island. The spacious dining area and cozy living room creates a space that feels straight out of a magazine. The tranquil upper-level features two spacious bedrooms, perfect for all families, guests or those in need of a private home office. The primary bedroom retreat fits a king-sized bed, can accommodate an office setup, has a walk-through closet with custom built-ins and offers a spa-like ensuite bathroom with ample storage. The massive terrace is a true standout, complete with a pergola, built-in seating, gas line for BBQ, and plenty of room to unwind or dine al fresco. Both bathrooms have been completely updated with a palette of top of the line fixtures and finishes. The suite also features brand new white oak hardwood flooring throughout, a custom staircase and railing as well as updated lighting. Bright, polished and perfectly located this is downtown living at its finest! World class location just steps away from the Waterworks Food Hall, St. Andrews Park, The Ace Hotel and the highly anticipated McDonald Family YMCA, you will have access to Toronto's top restaurants, entertainment, fitness, nightlife, shopping, and easy streetcar access.


Property Details

Style2-Storey
ViewCity, Clear, Downtown
Age of property-
SqFt~1000-1199 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberC12415779
Community NameEntertainment District
Data SourceTRREB
Listing byRE/MAX HALLMARK BIBBY GROUP REALTY

Features

Heating: Forced Air
Cooling: Central Air

Main Floor

Living

5.35 x 3.72

hardwood floor / Combined W/Dining / South View

Dining

5.35 x 3.72

hardwood floor / Combined W/Living / South View

Kitchen

3.71 x 3.09

hardwood floor / Stainless Steel Appl / Breakfast Bar


Features

Patio: Terr
Balcony: Terr

Parking

Garage spaces 1

Garage type Underground

Other parking spaces 0

Total parking spaces 1


04Story
Elevator
Amenities

Bbqs Allowed, Guest Suites, Visitor Parking

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Sep 19, 2025
ListedActive
$1,175,000
6 hours on market
history photo preview36
Listing by trreb®

Market Data - Entertainment District

Geo Zone Map ThumbnailEntertainment District

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

42 days

Compared to

2024

34 days

2023

24 days

2022

27 days

New Listings

Past 30 days

188 listings

Compared to

2024

179 listings

2023

215 listings

2022

157 listings

Units sold

Past 30 days

57 units

Compared to

2024

57 units

2023

54 units

2022

86 units

Median Sold Price

Past 30 days

$640,000

Compared to

2024

$637,000

2023

$700,000

2022

$747,500


Population and Demographics

Overview

Total population 32132
Average household income $172,021

Age (%)

0 to 19
7%
20 to 34
57%
35 to 49
22%
50 to 64
9%
65 and plus
5%

Household composition (%)

Single person
57%
Single family
32%
Multi person
11%
Multi family
0%

Mother tongue (%)

English
63%
Mandarin
10%
Yue (Cantonese)
4%
Spanish
3%
French
3%
Russian
2%
Arabic
2%
Hindi
2%
Korean
1%
Iranian Persian
1%
Others
1%

House tenancy (%)

Renters
61%
Owners
39%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget