For LeaseCo-op Apartment

505 Richmond Street W, Unit 1311

$16,500/mo
2 Bed + Den3 Bath2500-2749 sq ft30d on market
WaterWorks Toronto CondosbyMOD Developments Inc., Woodcliffe Landmark Properties
MLS# C13588462Waterfront Communities C1, Toronto · M5V 0P4
Bedrooms
2 Bed + Den
Bathrooms
3 Bath
Size (MLS Range)
2500-2749 sq ft
Parking
2 Underground

About This Listing

An extraordinary opportunity to lease one of Waterworks' most coveted residences, this fully furnished, custom-designed penthouse offers an exceptional combination of scale, sophistication, and panoramic city views. Spanning approximately 2,600 sq ft of impeccably designed interior living space, complemented by more than 700 sq ft of private terraces, this remarkable home showcases bespoke finishes and premium upgrades throughout. Floor-to-ceiling windows frame breathtaking views of Toronto's skyline from sunrise to sunset, capturing eastern, southern, and western exposures while flooding the residence with natural light. Designed for both elegant entertaining and comfortable daily living, the expansive open-concept living, dining, and kitchen areas flow seamlessly to three private terraces, including a rare outdoor lounge with a gas BBQ. The chef-inspired kitchen features integrated Miele appliances, custom cabinetry, an oversized island, and refined designer finishes. Privately positioned in its own wing, the primary suite offers a custom dressing room, spa-inspired ensuite, and direct terrace access. A generous second bedroom with a walk-in closet and ensuite bath, along with a separate den ideal for a home office, library, or media room, provides exceptional flexibility. Premium features include engineered hardwood flooring, custom millwork and built-ins, Lutron automated blinds, designer lighting, smart-home integration, Nest climate controls, and extensive bespoke enhancements. Residents enjoy access to Waterworks' exceptional amenities, including concierge service, fitness facilities, rooftop terrace, co-working spaces, the acclaimed Waterworks Food Hall, and a 65,000 sq ft YMCA. Ideally located in one of Toronto's most vibrant neighbourhoods, steps from acclaimed restaurants, cafes, parks, shopping, and cultural destinations, this is a rare opportunity to experience luxury rental living at its finest.

Amenities

BBQs AllowedCommunity BBQConciergeGymParty Room/Meeting RoomRooftop Deck/Garden
Monthly Mortgage (P&I)$72
Property Tax (est.)$9
Maintenance Fees$0
Total Monthly Cost$81

Down payment: $3,300 (20.0%) · Mortgage: $13,200

Property tax rate: 0.65%. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.

Property Details

MLS NumberC13588462
Property TypeCo-op Apartment
Style1 Storey/Apt
Listing TypeFor Lease
StatusActive
Bedrooms2 Bed + Den
Bathrooms3
Size2500-2749 sq ft
Year Built2023
ExposureSouth East
Parking Spaces2
Parking TypeUnderground
LockerExclusive
Days on Market30
Listed2026-07-21
CommunityWaterfront Communities C1
MunicipalityToronto
Cross StreetRichmond & Maud
WaterWorks Toronto Condos

WaterWorks Toronto Condos

Red Bricks Data

by MOD Developments Inc., Woodcliffe Landmark Properties · 505 Richmond Street West

13 Storeys299 SuitesCompleteWalk 100Transit 100

Maint. Fees

0.00

Occupancy

2021

Live MLSFor Sale: 3 activeFor Rent: 1 active
YMCALobbyFood HallMeeting AreasLibrary24/7 Concierge ServiceBarRooftop Terrace+5 more
View full building profile

Listing provided by CHESTNUT PARK REAL ESTATE LIMITED

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Data last updated: August 22, 2026 at 08:25 p.m.