543 Richmond St W #406 is a 1-bathroom condo in Toronto, offered as an assignment of the builder's contract, listed for $369,990. It has 0-499 sq ft of living space.
1Assignment Opportunity At Pemberton Group's 543 Richmond Residences At Portland.
2Building Amenities Include: Fitness Centre, Party Rm, Outdoor Pool + More!
3Studio Features Bath W/ Balcony & Floor-To-Ceiling.
Assignment Opportunity At Pemberton Group's 543 Richmond Residences At Portland. Nestled In The Heart Of The Fashion District 543 Richmond Is Steps From The Entertainment District Minutes From The Financial District. Building Amenities Include: Fitness Centre, Party Rm, Outdoor Pool + More! Studio Features Bath W/ Balcony & Floor-To-Ceiling. North Exposure.
Toronto condo priced at $369,990 — book a tour to see if it fits your search.
How assignment sales work
What changes when you buy a builder contract instead of a finished home: HST, deposits, builder consent — each checked against its official source.
1
What an assignment is
An assignment sale is when the original buyer of a new, not-yet-completed home (the assignor) sells their rights and obligations under the agreement of purchase and sale with the builder to someone else (the assignee), who then closes with the builder.
Since May 7, 2022, all assignment sales of newly constructed or substantially renovated residential housing are taxable for GST/HST. For assignment agreements entered into after May 6, 2022, an amount that reimburses the assignor's deposit to the builder can be excluded from the taxable amount when the assignment agreement states that part of the price is for that deposit reimbursement.
On a new condominium unit, the builder must hold deposit money in trust under the Condominium Act, and the new home warranty protects up to $20,000 if a deposit was not placed in trust. On a new freehold home, Tarion covers the deposit up to $60,000 on homes priced at $600,000 or less, and 10% of the price up to $100,000 above that.
Whether a unit can be assigned, and on what terms (for example the builder's written consent or an assignment fee), is set by the assignment clause of the original agreement of purchase and sale. Read that clause, with a lawyer, before you commit.
Checked against the sources above on 2026-09-25. Not legal or tax advice.
Ask before you offer
This listing's description doesn't state the original purchase price, how much deposit is paid, the occupancy date or the builder's assignment fee. The full package (the original agreement and deposit receipts) answers these.
Selling an assignment?
List it free with Summitly — your contact details stay private and a licensed agent handles every buyer.
From the listing remarksMLS® listings have no structured assignment fields, so these figures are read from the listing agent's description. We show only what it states clearly — confirm every number against the agreement of purchase and sale and the assignment agreement before you commit.
Builder
Pemberton Group
“Assignment Opportunity At Pemberton Group's 543 Richmond Residences At Portland.”
Type
Condo
Style
Apartment
Living space
0-499 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
543 Richmond St W #406 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13615950$369,990
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 543 Richmond St W #406 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
How long is your commute?
From 543 Richmond St W #406. Typical times without traffic delays; transit times aren't available yet.
Book a tour of 543 Richmond St W #406 with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $370K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5104.0%On average, homes sold at or above asking.
Active listings12,011Homes for sale here right now.
Median vs prior 90 days−0.4%Compared with May 13 – Aug 11, 2026: prices down.
Based on 9,290 sales from Aug 11 – Nov 9, 2026 (7,223 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
10 for sale · 4 for rent at 543 Richmond St W — plus its sale and lease history.
Yes. The listing describes it as an assignment: the original buyer is selling their contract with the builder, and the buyer who takes it over closes with the builder.
How much cash do I need to buy 543 Richmond St W #406?
On an assignment you typically repay the original buyer's deposit and pay any markup when the assignment is signed, then pay the builder the balance at final closing, usually with a mortgage. This listing doesn't state enough figures to work out the amounts — ask for the full package.
Is HST charged on an assignment sale?
Since May 7, 2022, assignment sales of new residential homes are taxable for GST/HST (CRA info sheet GI-120). The part of the price that reimburses the original buyer's deposit can be excluded from the taxable amount when the assignment agreement says so.
Does the builder have to approve an assignment?
Usually the original agreement of purchase and sale sets whether the unit can be assigned and on what terms — often the builder's written consent and an assignment fee. Read that clause with a lawyer before you commit.
How much is 543 Richmond St W #406 listed for?
543 Richmond St W #406 is listed at $369,990 (MLS® C13615950). Summitly updates the price as soon as the MLS® record changes.
Has the price of 543 Richmond St W #406 changed?
No — 543 Richmond St W #406 is still listed at its original asking price of $369,990.
How many bedrooms and bathrooms does 543 Richmond St W #406 have?
543 Richmond St W #406 has 1 bathroom, with about 0–499 square feet of living space. It is a condo in Toronto.
Is 543 Richmond St W #406 close to transit?
The nearest rapid-transit station is Osgoode Station (Line 1), about 1.3 km (about a 16-minute walk) in a straight line. St. Andrew Station is about 1.3 km (about a 17-minute walk), and St. Patrick Station is about 1.4 km (about a 17-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 543 Richmond St W #406 compare with other homes in Toronto?
Its asking price of $369,990 is about 56% below the median sold price in Toronto over the last 90 days, $840,000, across 9,290 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Where is 543 Richmond St W #406?
543 Richmond St W #406 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 543 Richmond St W #406 been on the market?
103 days — 543 Richmond St W #406 was listed on July 29, 2026.
Does 543 Richmond St W #406 have parking or a garage?
