$3,800/mo - 543 Richmond Street Unit 227, Downtown Toronto
Condo for Rent in Downtown Toronto
- MLS Number
- C13166648
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 ATRIA REALTY INC.
Welcome home to Unit 227 at 543 Richmond Residences at Portland, Pemberton Group's coveted address in the heart of Toronto's Fashion District. This rare 3-bed, 2-bath corner suite is the kind of space that's hard to find downtown. Almost 900 sq ft of bright, open living with generous 10-ft ceilings and floor-to-ceiling windows that fill every room with natural light from dawn to dusk. The northwest exposure and private balcony make it a genuine pleasure to come home to. Inside, an open-concept layout flows effortlessly from a contemporary kitchen with quartz counters and stainless steel appliances into a living space made for both relaxing and entertaining. The smart split-bedroom design offers privacy and flexibility, ideal for roommates, a growing household, or a dedicated work-from-home setup. Parking and a locker are included, and the suite is offered unfurnished, ready for you to make it your own. Life here comes with resort-style perks: 24-hr concierge, fitness centre, party room, games room, outdoor pool, and a rooftop lounge with panoramic city views. Step outside and you're steps from the Entertainment District, minutes from the Financial District, and surrounded by the best of King West and Queen West, from standout dining to cozy cafés and boutique shopping. Loblaws is right around the corner, transit is at your doorstep with a near-perfect transit score, and the Gardiner is moments away. A spacious, light-filled corner suite in one of downtown's most connected neighbourhoods.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
543 Richmond Street Unit 227, Downtown Toronto / Waterfront
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fairly Priced Rental
At $3,800/mo, this is in line with typical 3-bedroom rents in Downtown Toronto (~$3,500/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Market Position
At 19 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.