543 Richmond Street Unit 528, Toronto C01

Price: $499,000

2 bedrooms, 2 bathrooms

600 sqft

Property Type: Condo

MLS#: C13693012

Welcome to this pristine urban oasis in the heart of King West. An owner-occupied gem with a highly functional, livable layout, over $10,000 in premium builder upgrades, showcasing a beautifully upgraded kitchen, a primary bedroom large enough to comfortably fit a queen-size bed, and a SECOND bedroom that is almost the same size and comes with a wardrobe and a sliding door! Designed for ultimate convenience, the unit features an in-suite washer and dryer, quick and easy access to the elevators, and a large private balcony. Enjoy the highly desirable SOUTH-facing exposure offering a quiet and peaceful retreat away from the main street while directly overlooking the sparkling outdoor pool and courtyard. Situated in a highly sought-after residence, this pet-friendly building delivers an exceptional lifestyle packed with top-tier amenities. Residents enjoy access to a 24-hour concierge, a fully equipped fitness center, sauna and steam room, 8th floor study room, a stunning rooftop lounge, the gorgeous outdoor pool and patio right below your windows, and more. Adding incredible value to your monthly budget, plus included home Internet in the building! It also comes with Eddy Smart Leak protection system throughout the condo (see the small sensors on the ground at the laundry room and bathrooms). Step outside and immerse yourself in the absolute best of King West and the Fashion District. You are just steps away from incredible culinary hotspots, including the trendy Waterworks Food Hall, neighboring Michelin-starred restaurant on Spadina, and an endless array of fantastic local dining. Everyday errands are a breeze with major grocery stores and charming local boutique grocery shops all within easy walking distance, giving you the ultimate downtown convenience right at your doorstep.

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active
New Listing
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$499,000 - 543 Richmond Street Unit 528, Downtown Toronto

Condo for Sale in Downtown Toronto

New — Listed 4 days ago

Neighbourhood: Waterfront Communities C1

2Beds
2Baths
600Sq Ft
Condo
Property Details
MLS Number
C13693012
Property Type
Condo
Status
active
Days on Site
4
Bedrooms
2
Bathrooms
2
Square Feet
600 sqft
Neighbourhood
Downtown Toronto / Waterfront
Locker
None
Exposure
South
Balcony
Open
Listing Brokerage
REAL BROKER ONTARIO LTD.
Description

Welcome to this pristine urban oasis in the heart of King West. An owner-occupied gem with a highly functional, livable layout, over $10,000 in premium builder upgrades, showcasing a beautifully upgraded kitchen, a primary bedroom large enough to comfortably fit a queen-size bed, and a SECOND bedroom that is almost the same size and comes with a wardrobe and a sliding door! Designed for ultimate convenience, the unit features an in-suite washer and dryer, quick and easy access to the elevators, and a large private balcony. Enjoy the highly desirable SOUTH-facing exposure offering a quiet and peaceful retreat away from the main street while directly overlooking the sparkling outdoor pool and courtyard. Situated in a highly sought-after residence, this pet-friendly building delivers an exceptional lifestyle packed with top-tier amenities. Residents enjoy access to a 24-hour concierge, a fully equipped fitness center, sauna and steam room, 8th floor study room, a stunning rooftop lounge, the gorgeous outdoor pool and patio right below your windows, and more. Adding incredible value to your monthly budget, plus included home Internet in the building! It also comes with Eddy Smart Leak protection system throughout the condo (see the small sensors on the ground at the laundry room and bathrooms). Step outside and immerse yourself in the absolute best of King West and the Fashion District. You are just steps away from incredible culinary hotspots, including the trendy Waterworks Food Hall, neighboring Michelin-starred restaurant on Spadina, and an endless array of fantastic local dining. Everyday errands are a breeze with major grocery stores and charming local boutique grocery shops all within easy walking distance, giving you the ultimate downtown convenience right at your doorstep.

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Estimate your monthly payments for this property

Estimated Payment

$2,560.13/mo

Includes CMHC insurance ($13,922)

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5-yr fixed avg.

Principal: $449,100Interest: $305,016
Mortgage Amount$463,022
Total Interest$305,016
Est. Property Tax$353/mo
Total Cost$768,039

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.

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Neighbourhood Guide: Waterfront Communities C1

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

543 Richmond Street Unit 528, Downtown Toronto / Waterfront

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
3.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$390
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$1,353

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $832/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 600 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.

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.

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.

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    543 Richmond Street Unit 528 | $499,000 | Battaglia Team