$1,025,000 - 543 Richmond Street Unit 1128, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Waterfront Communities C1
- MLS Number
- C13532196
- Property Type
- Condo
- Status
- active
- Days on Site
- 25
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Exclusive
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Retreat to 543 Richmond. Some homes are a starting point. This one is your next step. Whether you're moving up from a smaller condo, planning for the future, or simply craving space without leaving the energy of downtown, this rare 3-bedroom, 3-bathroom residence gives you room to grow. Need a dedicated work-from-home office? The den has you covered. Dreaming of a cozy media room for movie marathons? It's ready. Need that third bedroom again down the road? Converting the space back is effortless, making this a home that evolves with you. Thoughtfully upgraded and beautifully finished, this suite pairs exceptional functionality with timeless design. Elegant herringbone flooring immediately elevates the space, while brand-new pot lights illuminate the open-concept living and dining area. Nine-foot smooth ceilings, quartz countertops, custom cabinetry with under-cabinet lighting, stainless steel appliances, and contemporary finishes create a home that's equally suited for quiet nights in and entertaining friends. Each of the three full bathrooms is finished with quartz vanities, while the primary ensuite features a sleek frameless glass walk-in shower.Step onto your private balcony for a breath of fresh air before heading out to experience everything the neighbourhood has to offer. Nestled in the heart of Toronto's Fashion District, you're moments from the Entertainment District, Financial Core, award-winning restaurants, cafés, boutique shopping, nightlife, and transit. When you're home, enjoy an impressive collection of amenities including a 24-hour concierge, fitness centre, party and games rooms, an outdoor pool, and a rooftop terrace.Buying your next home doesn't always mean buying a house. Sometimes, it means finding a space that grows with you, adapts to every stage of life, and lets you enjoy everything downtown has to offer-without compromise. Welcome Home
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Estimated Payment
$4,533.92/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 Waterfront Communities C1
Waterfront Communities C1 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 Waterfront Communities C1
- •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
Waterfront Communities C1 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 1128, 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 $1025/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.
Market Position
At 25 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Waterfront Communities C1
I know Waterfront Communities C1 well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.