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by Pemberton Group

by Pemberton Group

Platinum Access – Downtown Chic

Pemberton Group teams up with Quadrangle Architects in the development of 543 Richmond Street Condos. 543 Richmond St will rise 15 storeys and will house 534 suites in the heart of Toronto’s Fashion District. Absolute grandeur will exude from this project as its 8-storey podium will feature two wrap-around balconies located on the second and seventh floors.

This is your chance to live at one of Toronto’s most fashionable new addresses as the aesthetics of this building cannot be beat!

Platinum Access – Downtown Chic

Pemberton Group teams up with Quadrangle Architects in the development of 543 Richmond Street Condos. 543 Richmond St will rise 15 storeys and will house 534 suites in the heart of Toronto’s Fashion District. Absolute grandeur will exude from this project as its 8-storey podium will feature two wrap-around balconies located on the second and seventh floors.

This is your chance to live at one of Toronto’s most fashionable new addresses as the aesthetics of this building cannot be beat!

THE NEIGHBOURHOOD

At the corner of Portland and Richmond St. W., this condo brings you right to one of Toronto’s “regeneration areas”. This means that much of the area will go through a major revamping which will bring new businesses, communal spaces and modern redevelopment.

As an area that is already highly accessible to popular communities like trendy West Queen West and the buzzing Entertainment district, the Fashion District will become a popular neighbourhood with a lot to offer. Young professionals are attracted to the area’s already established boutiques, restaurants, and daily necessities and the attraction will grow as more of these coveted amenities develop even closer to home.

Project Overview

Location: 543 Richmond St. W.
Neighbourhood: Entertainment District
Builder: Pemberton Group
Architect: Quadrangle
Number of Units: 476
Storeys: 15

Occupancy: Summer 2022
Maintenance Fees: $0.60/sf (excl hydro and water)

543 Richmond St W Condos

543 Richmond Street Condos is within walking distance to the Toronto Eaton Centre and Queen West – you will be surrounded by trendy and luxurious brands. Take a stroll in any direction and feast at amazing restaurants like Bar Altura, The Epicure Café & Grill, and I Love Sushi.

AMENITIES

• 24-Hr Concierge
• Fitness Centre
• Games Room
• Rooftop Lounge
• Video Room
• Study Room
• Party Room
• Seasonal Outdoor Pool

Frequently Asked Questions about 543 Richmond St West

How do I reserve a unit in this project?

The first step is to register for Platinum access. Once the project is launched we’ll be in-touch straight away with an email that will have everything you need from the floorplans to the price list. Once you’ve had an opportunity to review and you know which unit(s) you’re interested in, get in touch and we’ll provide you with the worksheet and be here every step of the way to your new purchase.

What does Platinum Access mean?

It’s more about the agent than the buyer really. Anyone can get platinum access though a platinum agent! Platinum agents are the top selling agents who get preferred status with developers and first access to new projects before regular agents and the public.

Milan Swanston is a top-selling pre-construction broker that holds platinum status with most of Toronto's best residential developers!

How does it benefit me as a buyer to work with CondoSavvy?

Working with CondoSavvy as your platinum brokerage means you get the highest level of access at the lowest possible price. You also get access to the best possible incentives, as well as incentives exclusive to CondoSavvy clients only.

CondoSavvy doesn’t represent the builder. CondoSavvy represents you! You benefit from the team's experience as platinum agents and investors themselves.

CondoSavvy also has a network of mortgage brokers, lawyers, property managers, contractors and HST rebate services to help get you started.

 

As a buyer, all our services are totally FREE!

How long is the cooling off period? What is the cooling off period for?

Once you sign the contract to purchase your new unit you will have a standard 10 calendar day period (not business days) from the time you sign. This is known as the cooling off period. This period is typically used to have a lawyer look over your agreement (if you so choose) and to get a pre-approval letter for your mortgage.

Do I Need a Lawyer?

You don’t need a lawyer at the moment you sign the agreement, however we recommend you have a qualified lawyer review your agreement of purchase and sale after you sign during your 10-day cooling off period.

If you’re not sure where to get a lawyer that’s qualified - we can help!

Do I need mortgage pre-approval to buy?

95% of all builders will require you to provide them with proof of financing capability in order to purchase. This is not required before you sign a contract, but it is usually required within 60 days of singing.

Getting a mortgage pre-approval is something we can help with too! Get in touch!

Does the price include HST?

If you’re purchasing for yourself and plan to move in, then yes, prices include the HST and there is nothing you will have to pay at final closing.

What are the closing costs on my new condo?

Closing costs on a pre-construction condo varies greatly depending on the actual purchase price of the unit, the builder and even the city you’re buying in.

Roughly speaking in Toronto you can expect to pay approximately 3-5% of the purchase price in closing costs when purchasing a brand new condo.

Are there any ‘hidden’ costs when buying a pre-construction condo?

No, there are absolutely no hidden fees when buying a pre-construction condos. All fees must be disclosed in the agreement of purchase and sale. All purchases have 10 days to review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help we can absolutely suggest a number of expert law firms that specialize in Real Estate.

Is it possible to assign my new condo?

Most builders do allow you to sell your unit before the building is complete. This process is called selling by “assignment”. There is usually an assignment fee and a legal fee associated with this kind of sale. Costs can range from $1000 - $7000, depending on the situation. Get in touch for details!

 

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