Assignment Condo for Sale
Massive 1+Den Distress Sale! Secure an expansive 805 sqft 1-bedroom plus den suite at 543 Richmond West for just $760,000. This rare assignment sale is priced significantly below the original purchase cost, offering nearly $200 per square foot in savings compared to market averages. A must-see for investors or end-users seeking luxury space in the […]
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Secure an expansive 805 sqft 1-bedroom plus den suite at 543 Richmond West for just $760,000. This rare assignment sale is priced significantly below the original purchase cost, offering nearly $200 per square foot in savings compared to market averages. A must-see for investors or end-users seeking luxury space in the heart of Toronto’s Fashion District.
Situated at 543 Richmond Street West, in the highly desirable Waterfront Communities C1 neighborhood, this residence places you at the epicenter of Toronto’s trendiest district. Located near the intersection of Richmond and Bathurst, residents enjoy a lifestyle surrounded by world-class dining, eclectic cafes, and elite boutique shopping. With the King and Queen streetcars just a short stroll away, commuting across the downtown core is effortless, while the nearby parks offer a perfect urban escape.
Suite 705 is a standout residence featuring a generous 805 square foot floor plan—a size typically reserved for 2-bedroom units in downtown Toronto. Positioned on the 7th floor with a crisp North exposure, this suite offers consistent natural light and a peaceful view over the historic Richmond West streetscape. This is a motivated distress sale, with the asking price set well below the original purchase price, representing one of the best value-per-square-foot opportunities in the entire development.
This unit is designed for maximum functionality, featuring a large, enclosed den that is perfect for a professional home office, nursery, or a secondary sleeping area for guests. Unlike standard 1-bedroom units, this suite boasts 2 full washrooms, providing an added layer of privacy and convenience. The open-concept living and dining area is anchored by a modern kitchen with integrated appliances and premium finishes, reflecting the high-end standards of the 543 Richmond project.
At an asking price of $760,000, this property is being offered at approximately $944 per square foot. In a neighborhood where new construction frequently trades for $1,200 to $1,400 per square foot, this distress sale allows the buyer to step into immediate equity. Because the seller is sacrificing the unit below their initial investment cost, this assignment is a strategic move for any savvy investor looking for a high-performing asset in a high-demand rental zone.
Suite 705 represents a rare combination of massive square footage and a distress-sale price point. With its dual bathrooms, versatile den, and prime location, it is the best-valued 1+Den currently available in the Fashion District. Don’t miss your chance to own a premium downtown residence for a price significantly lower than the original owner’s cost. Contact us today to facilitate this assignment before it leaves the market!
300 Richmond St W #300, Toronto, ON M5V 1X2
inquiries@Condoy.com
(416) 599-9599
We are independent realtors® with Home leader Realty Inc. Brokerage in Toronto. Our team specializes in pre-construction sales and through our developer relationships have access to PLATINUM SALES & TRUE UNIT ALLOCATION in advance of the general REALTOR® and the general public. We do not represent the builder directly.
