$1,130,000 - 543 Richmond Street Unit 832, Downtown Toronto
Condo for Sale in Downtown Toronto
70 days on market- MLS Number
- C12964014
- Property Type
- Condo
- Status
- active
- Days on Site
- 70
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North West
- Balcony
- Terrace
- Listing Brokerage
- RIGHT AT HOME REALTY
This is not your typical condo. Offering one of the largest layouts in the building, this rare corner suite features 3 bedrooms, 2 bathrooms, and an expansive wrap around terrace that truly sets it apart. Floor to ceiling windows flood the space with natural light, highlighting the modern design and creating a seamless indoor outdoor flow. Whether you are hosting or unwinding, the terrace delivers breathtaking skyline views and unforgettable sunsets.The kitchen has been thoughtfully upgraded with granite countertops and a custom island, adding both style and much needed functionality for everyday living and entertaining. Complete with parking and a locker, a highly sought after feature in the building, this suite checks all the practical boxes as well. Residents also enjoy the convenience of visitor parking and access to premium amenities including a fully equipped fitness centre, outdoor pool, BBQs and beautifully designed lounge areas.Welcome to 543 Richmond Residences by Pemberton Group, ideally situated in Toronto's vibrant Fashion District. Just steps from King West, the city's best restaurants, bars, and coffee shops are quite literally around the corner. With the Entertainment District, Financial Core, and iconic landmarks like the CN Tower, Rogers Centre, Scotiabank Arena, and the Lake Ontario waterfront all nearby, this address puts you right in the centre of it all.
Estimate your monthly payments for this property
Estimated Payment
$4,998.37/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
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 832, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1130/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 70 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
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.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.