WaterWorks Toronto

Address

• 505 Richmond St W, Toronto

Neighbourhood

• Waterfront Communities C1 (King West)

Building Details

• Storeys: 13
• Total Units: 290
• Year Built: 2021
• Builder: MOD Developments
• Building Type: Mid-Rise Condo (Adaptive Reuse)
• Average Price: $[Price] / sq. ft.

Overview of WaterWorks Toronto

WaterWorks Toronto is a 13-storey mid-rise built on a site which was home to the 1932 Toronto Waterworks Maintenance building, itself formerly the location of the 1837 St. Andrew's Market.

The 290-unit building was designed by Diamond Schmitt Architects in collaboration with ERA Architects, and offers a contemporary take on the original Art Deco industrial architecture, incorporating original steel beams and vaulted structures into the design.

A central open courtyard connects the historic masonry base to the residential additions, situated between Brant and Maud Streets in the King West corridor.

Suite Sizes & Value

The building contains 290 units designed as soft lofts, with suite features including custom kitchen cabinetry, hardwood flooring, and stone bathroom finishes.

Average Price: $[Price] / sq. ft. This valuation applies to heritage conversion units located within the Waterfront Communities C1 district.

Building Amenities & Features

• 4th Floor Amenity Terrace
• Central planter, lounge seating, two fireplaces, and a wildflower green roof.
• 14th Floor Amenity Terrace
• BBQ and dining areas, fireplace lounge, and green roofs.
• On-site YMCA (Opening Spring 2025)
• Athletic facility occupying the second and third floors, open to residents and the public.
• Food Hall
• South wing facility with space for 12–20 vendors, featuring original skylights and steel beams.
• Public Spaces
• Ground-level retail and a central open courtyard.
• Sustainability
• Green roofs and streetscaping with planting beds.

Location Highlights

• Parks
• Adjacent to St. Andrew's Playground.
• Transit
• Access to King West transit lines.
• Neighbourhood Boundaries
• Located between Brant and Maud Streets.
• Proximity
• Walking distance to the Financial Core and the Entertainment District.

Lifestyle Near WaterWorks Toronto

The development utilizes a mixed-use model where residential units share a footprint with public and commercial services. Residents have direct access to an on-site YMCA and a food hall within the building.

The food hall, located in the south wing, is designed to house 12 to 20 vendors and preserves original skylights, masonry walls, and steel beams from the heritage structure. The property sits adjacent to St. Andrew's Playground and within one block of the King West commercial corridor.

About the Developer

MOD Developments, in partnership with Woodcliffe Landmark Properties, specializes in heritage preservation and urban infill projects, integrating residential density into historical sites.

WaterWorks received the 2024 Canadian Home Builders' Association Award for Best Completed Mid- to High-Rise Building, and also earned the 2022 Toronto Heritage Award for Adaptive Reuse.