$649,000

For sale

#410 543 Richmond Street West, Toronto (Waterfront Communities) - Single Family for Sale

#410 543 Richmond Street West, Toronto (Waterfront Communities), Ontario, M5V1Y6

2 beds2 baths0 parking650 ft²$490/mo condo feeListed 52 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $649,000 asking price sits right in line with the $629,900 median in Toronto. It has been on the market 52 days, fresher than the Toronto average of 57 days.

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Description

Welcome to Pemberton Group's prestigious 543 Richmond Residences, ideally situated in the heart of Toronto's vibrant Fashion District. Just steps from the Entertainment District and minutes to the Financial District, this exceptional location places you moments from the culinary hotspots of Portland Street and King Street West, where some of the city's finest restaurants, cafés, and nightlife await. The residence itself offers a quiet, private, and residential atmosphere, providing the perfect retreat from the energy of downtown. This stunning 2-bedroom, 2bathroom suite showcases clean, neutral, and chic finishes throughout and is located in a building that's only two years old. Thoughtfully designed with a highly functional open-concept layout, every square foot is maximized to create an airy, spacious feel ideal for both everyday living and entertaining. The desirable east-facing exposure fills the home with beautiful morning light. Residents enjoy an exceptional collection of amenities, including a 24-hour concierge, state of-the-art fitness centre, party room, games room, outdoor pool, and a spectacular rooftop lounge with panoramic city views, plus much more. (id:66096)

Property Details

MLS®: C13784960
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, No Garage
Pool: Yes
Condo Fee: $490/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,604.53/yr
Listed: 52 days ago

Rooms

Main level

Kitchen: 3.2 x 3.99 meters
Bedroom 2: 2.54 x 2.49 meters
Living room: 3.25 x 3.02 meters
Dining room: 3.25 x 3.02 meters
Primary Bedroom: 3.43 x 3.2 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Dryer
Flooring: Laminate
Exterior: Brick
Lot Features: Elevator, Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

52d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$999

List price

$649K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Toronto (Waterfront Communities) has been listed for 52 days, which is 5 days fresher than the city average of 57. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · MYTU DOAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $649,000, about 7.1× the local median household income of $91,000.

Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 39% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$649,000· $999/ft²

For sale

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Full Cost Breakdown

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Down Payment6.15% · $39,900

Min 6.15%50%

Mortgage payment$3,377/mo

↳ CMHC premium ($24,364 capitalized)

Property tax (est.)$300/mo

Condo fee$490/mo

Total monthly$4,167

Cash Needed to Close

Down payment (6.15%)$39,900

Land transfer tax$18,910

Est. closing costs$4,447

Total cash needed$63,257

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