5 Defries Street Distress Sale Assignment

Assignment Condo for Sale

High-Floor Distress Sale at River & Fifth! Experience elevated living on the 36th floor with this stunning 2-bedroom, 2-bathroom suite. Priced at $990,000—well below the original purchase price—this North-West corner-view residence offers a rare opportunity to secure a premium asset in Toronto’s downtown east for an unbeatable price. Immediate equity potential for savvy buyers and […]

Register below to secure your unit
  • Assignment

  • Condo

  • 2 Beds

  • 2 Baths

  • North West View

  • 36th Level

  • Yes Locker

  • $1416/Sqft.

  • 1,376/Sqft Nbhd Avg

  • $990,000 Original Price
Last Update : 7 January 2026
Asking Price $990,000

High-Floor Distress Sale at River & Fifth!

Experience elevated living on the 36th floor with this stunning 2-bedroom, 2-bathroom suite. Priced at $990,000—well below the original purchase price—this North-West corner-view residence offers a rare opportunity to secure a premium asset in Toronto’s downtown east for an unbeatable price. Immediate equity potential for savvy buyers and investors.

Prime Location

Modern Riverside Living in the Heart of Regent Park

Situated at 5 Defries Street, River & Fifth is a landmark development where the energy of downtown Toronto meets the tranquility of the Don River. Located in the rapidly revitalizing Regent Park neighborhood, this residence offers the perfect balance of urban convenience and natural beauty. Residents are steps away from the Bayview Extension, the Lower Don Trail, and the historic Distillery District. With easy access to the King and Queen streetcars, commuting to the Financial District or the vibrant East End has never been more seamless.

Property Overview

Spectacular 36th-Floor Suite with Panoramic North-West Views

Suite 3708 is an exquisitely designed 2-bedroom, 2-bathroom residence perched on the 36th floor. Spanning 699 square feet of functional and stylish interior space, this unit features a sought-after North-West exposure, offering breathtaking, unobstructed views of the Toronto skyline and the lush greenery of the Don Valley. This is a motivated distress sale, with the asking price set significantly below the original purchase price, making it one of the most competitive assignments currently available in the building.

Features & Storage

Sophisticated Design and Essential Amenities

This unit is designed with floor-to-ceiling windows to maximize light and provide a dramatic backdrop to everyday living. The split-bedroom layout ensures maximum privacy, while the modern kitchen is equipped with premium integrated appliances and sleek cabinetry. Included with this assignment is a dedicated storage locker (valued at $7,000), providing essential extra space for an organized urban lifestyle. Residents also enjoy access to elite building amenities, including an outdoor pool with a view, a state-of-the-art fitness center, and sophisticated co-working lounges.

Investment Opportunity

Unmatched Value Below Market Entry Point

Acquiring a high-floor 2-bedroom suite in a luxury project like River & Fifth for under $1 million is an exceptional rarity in today's market. Because the seller is sacrificing this unit below their original contract price, the incoming purchaser gains a significant financial advantage from day one. Given the high rental demand in the Regent Park and Riverside area, this property is a strategic asset for those looking for a high-yield investment or a premium primary residence at a deep discount.

Conclusion

Elevate Your Perspective at 5 Defries Street

River & Fifth Suite 3708 represents the ultimate opportunity to own a luxury home in the sky without the luxury price tag. With its panoramic North-West views, high-floor prestige, and the security of a distress-sale price point, this assignment stands out as a premier downtown offering. Don’t miss your chance to secure a 36th-floor masterpiece for less than the original owner paid. Contact us today to learn more about this exclusive assignment sale and finalize your purchase!


Summary

  • Address: 5 Defries Street, Toronto
  • Project: River and the Fifth (Suite 3708)
  • Neighborhood: Regent Park / Riverside
  • Size: 699 SQFT
  • Configuration: 2 Bed, 2 Bath
  • Exposure: North-West
  • Level: 36
  • Locker: Included (Value $7,000)
  • Parking: No
  • Asking Price: $990,000 (Distress Sale – Below Purchase Price)
  • Price Per Square Foot: $1,416 PSF
  • Zip Code: M5A 0W7

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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.


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