Assignment Condo for Sale
Unbelievable Penthouse Value! This 1,045 sqft 3-Bedroom + Den Lower Penthouse at 543 Richmond West is being sacrificed in a motivated distress sale. Priced at just $1,020,000—well below its original purchase price—this unit offers an incredible opportunity to own a massive, high-floor luxury residence in the heart of downtown Toronto for under $1,000 per square foot.
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Located at 543 Richmond Street West, in the ultra-trendy Waterfront Communities C1 neighborhood, this residence puts you at the center of Toronto’s most vibrant cultural scene. Situated near the intersection of Richmond and Bathurst, residents are steps away from the city's top-rated restaurants, boutique shopping, and the bustling nightlife of the Entertainment District. This is the ultimate address for those who want to live where the action is, while enjoying the prestige of a downtown West-End lifestyle.
Suite LPH25 is a rare and expansive Lower Penthouse unit situated on the 14th floor. Spanning an impressive 1,045 sqft, this residence features a functional 3-bedroom plus den layout and 3 full washrooms—a configuration seldom found in downtown condos. The unit offers a beautiful West exposure, providing residents with exceptional sunset views and plenty of natural afternoon light. This assignment is a significant distress sale, with the asking price set below the original purchase cost to ensure a quick transaction.
This suite is designed for those who refuse to compromise on space. The open-concept living area is complemented by a versatile den, perfect for a home office or nursery. With three full bathrooms, the unit provides maximum privacy and convenience for families or co-living arrangements. The modern kitchen and high-end finishes throughout reflect the premium nature of the 543 Richmond project, offering a sophisticated sanctuary high above the city streets.
In a market where downtown Toronto prices often soar well above $1,300 per square foot, this distress sale is priced at approximately $976 per square foot. Because this is an assignment sale priced below the original developer price, the incoming buyer stands to gain immediate equity upon closing. Whether you are an investor looking for a high-yield asset or an end-user seeking a spacious penthouse at a discount, this is one of the most aggressive price points available in the city today.
543 Richmond Suite LPH25 represents a once-in-a-decade opportunity to acquire a 3-bedroom penthouse for the price of a standard 2-bedroom unit. With its prime location, expansive 1,045 sqft floor plan, and the urgency of a distress sale price, this property will not stay on the market for long. Embrace the chance to live in a luxury Lower Penthouse while securing a deal that is truly below market value. Contact us immediately to facilitate this assignment.
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.
