416.504.6133 livewell@condosavvy.ca

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?

Step one is to make sure you are registered as a Savvy Investor VIP.  As soon as the project officially launches, we’ll be in touch with an email that will have everything you need from the floorplans to the price list.

Once you’ve had an opportunity to review the project and plans,  call/text/email us ASAP so we can submit a worksheet on your behalf. Time is of the essence as worksheets are generally time-stamped as they are submitted.

Once we have your unit in hand, we will walk you through signing, cheques, document review, mortgage approvals and all the other steps to get you closer to your new home or investment!

What does Platinum Access mean?

Platinum agents are top-selling Pre-Construction specialists who get preferred status with developers and early access to new projects before regular agents or the public.

This is a huge advantage to the buyer as you are getting the best selection for the lowest price as well as exclusive Platinum incentives and deposit structures. By the time a project gets to a public launch, the price has generally gone up several times and units are heavily picked over.

CondoSavvy's long-standing builder relationships allow you to buy first and for less. Best of all, our services are absolutely FREE to our buyers.

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

Not only does CondoSavvy get you front of the line access to Toronto's hottest launches, we have got your back all the way through!

We provide complimentary legal review of your contract, expert plan review, free mortgage approvals, design/upgrade consultation, PDI assistance as well as ongoing rental/resale services and portfolio strategy once your condo is complete!

CondoSavvy works with a network of lenders, lawyers, property managers, stagers, contractors and HST rebate services to make sure you are always in good hands. 

 

 

What is the "cooling-off" period for?

Once you receive an executed copy of your contract,  you will have 10 calendar days before your purchase goes "firm" and your first cheque is cashed. This is known as the cooling-off period.  This period is typically used to have a lawyer look over your agreement and to get a pre-approval letter for your mortgage.

Do I Need a Lawyer?

We always recommend having your contract reviewed by an experienced Real Estate lawyer during your 10-day cooling-off period to ensure there are no surprises at closing.

We work with a number of excellent lawyers who specialize in pre-construction contracts and contract review is complementary to our purchasers.

Do I need mortgage pre-approval to buy?

Almost all builders will require you to provide them with a mortgage preapproval in order to purchase although in some cases a "comfort letter" will be accepted in lieu.

These are generally due within the first 60 days of signing and are used to ensure the viability of a purchaser to the builder's bank for construction financing.

CondoSavvy works with a number of banks and mortgage brokers that can help you with preapprovals as well as getting you financing to close.

Does the price include HST?

If you’re purchasing for yourself and plan to move in, then yes, prices generally include the HST.

As an investor, you will have to pay back the HST subsidy at close but most or all of this cost will be reimbursed within a few weeks with a signed lease.

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 an additional 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?

There are no hidden fees when buying a pre-construction condo. All fees must be disclosed in the agreement of purchase and sale and any unknown levies should be capped.

All purchases have 10 days to review the agreement and have a lawyer advise them on the exact closing cost amounts. 

Is it possible to assign my new condo?

Most builders do allow you to sell your unit before the building is complete assuming certain conditions are met. 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. 

624 King St W
Toronto ON
M5R1J9

T: 416-832-3677

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