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Welcome to this remarkable 2-Storey condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $2,295,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Where King West Energy Meets Penthouse Luxury.Amazing two-storey, 2+1 bedroom, 2 1/2 bath loft is one of only two on the floor - completely reimagined with over $500,000 in custom redesign and detailing.Spanning 1,600 + sq ft, the open-concept living area sits beneath dramatic 18 ft double-height glass, blurring the line between indoors and out. Every detail is intentional - exposed concrete columns, custom wood floors, and a 10.5-ft island, anchor a Miele-equipped kitchen designed for enjoyable cooking and entertaining. Integrated Bowers & Wilkins sound flows through the space, while a 9-ft dining table and sculptural lighting set the stage for memorable evenings.The flexible layout can be enjoyed in its current configuration or easily converted back to the original two-bedroom design on the upper level. Either way, this space blends calm and character with rich textures, built in wet bar, private jacuzzi bath, and a spacious balcony that accentuates unobstructed city views - your own quiet retreat above the skyline. The main-floor den includes a built-in desk and Murphy bed, ideal for guests or a private home office. The 806 sq ft lower terrace is the true showstopper: a private outdoor oasis with a premium Swim Spa, Weber Summit BBQ, and custom Sunbrella lounge and dining zones. Gas and water lines make it perfect for year-round use.Every finish has been curated - from automated blinds and integrated lighting to two parking spaces and a triple-size locker. Set in Toronto's King West, you're steps from top restaurants, shopping, gyms, and nightlife.If you love to entertain and live in style, PH1 at 533 Richmond is where it all comes together.
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Clear View, Public Transit, School
Built-In Oven, Countertop Range, Intercom
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Data-driven valuation for 533 Richmond Street W Ph1, Toronto C01, ON M5V 1Y5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $2,295,000 in Toronto, the legal minimum down payment is $459,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $43,850 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $43,850 also applies, bringing the total estimated land transfer taxes to $87,700.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.