543 Richmond — Rental Market Data

543 Richmond features 7 active listings as of August 31, 2026, offering a price range of $2,400 to $3,250 per month, an average rent of $2,736 per month, and a median asking rent of $2,600 per month. Active suites average 679 square feet at an asking rate of $4.07 per square foot. The 1-Bedroom + Den layout dominates inventory with a 71.4% share, reflecting a strong supply of functional multi-functional suites.

The 1-Bedroom + Den dominates active inventory at 543 Richmond with 5 available units representing a 71.4% inventory share. This tier offers an average asking rent of $2,550 per month, a median of $2,500 per month, an average size of 610 square feet, and an asking rate of $4.20 per square foot across a deep selection. A small selection of 2-Bedroom + Den suites accounts for the remaining 2 units, equal to a 28.6% share, with an average asking rent of $3,200 per month, a median of $3,200 per month, an average size of 850 square feet, and an asking rate of $3.76 per square foot.

543 Richmond displays a minimum entry rent of $2,400 per month and a peak asking rent of $3,250 per month, creating a dollar spread of $850 and a percentage spread of 35.4%. The median asking rent rests at $2,600 per month. The entry-level suite is a 1-Bedroom + Den offering 550 square feet at $4.36 per square foot, while the peak suite is a 2-Bedroom + Den spanning 850 square feet at $3.82 per square foot.

543 Richmond has active den premium data that is unquantified because active den square footage deltas and marginal price differences are null. Parking premium data cannot be reliably isolated due to an insufficient paired sample, meaning active parking fees cannot be accurately determined from current listings.

543 Richmond asks an average rent of $2,736 per month at $4.07 per square foot, trailing the wider Downtown West submarket asking benchmark of $3,080 per month and $4.81 per square foot. The lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot sits 15.4% below the submarket asking benchmark while holding 170 active submarket inventory units.

At 543 Richmond, average lease rents sit at $2,821 per month, comparing favorably against the overall competitive average of $3,277 per month across key benchmarks like Queen and Portland, The Harlowe, and 123 Portland. Individual competitor metrics show Queen and Portland (156 Portland St) averaging $3,333 per month at $4.14 per square foot across an average of 817 square feet; 533 Richmond (533 Richmond St W) reporting zero active leases in the sample window with unstated rent and square footage; The Harlowe (608 Richmond Street West) averaging $2,880 per month at $4.48 per square foot across 652 square feet; and 123 Portland (123 Portland St) averaging $3,618 per month at $4.20 per square foot across 825 square feet.

At 543 Richmond, the value proposition is defined by an average leased rate of $4.38 per square foot across an average of 649 square feet, positioning the building competitively below the submarket average asking rate of $4.81 per square foot. Renters evaluating 543 Richmond make distinct trade-offs between modern building efficiencies and older, larger footprints found in the immediate micro-market. Specifically, Queen and Portland offers larger average footprints of 817 square feet at $4.14 per square foot, while 123 Portland provides expansive 825-square-foot layouts at $4.20 per square foot. Conversely, smaller properties like The Harlowe offer compact 652-square-foot floor plans at a higher rate of $4.48 per square foot, allowing 543 Richmond to capture value-conscious tenants seeking contemporary 2024 construction finishes without absorbing the steep premiums commanded by ultra-luxury peers.

At 543 Richmond, residents enjoy a comprehensive suite of modern lifestyle amenities that rival or exceed the offerings found across competing downtown west towers. Signature amenities at the subject property include a Concierge & Security service, a Gym & Fitness Centre, an Outdoor Pool, a Rooftop Terrace, and a Yoga Studio. When contrasted with nearby peers, 543 Richmond outpaces older mid-generation properties like Queen and Portland (which relies on shared laundry and an indoor pool) and matches the robust offering of 2024 contemporaries such as 123 Portland, which features a Pet Wash Station, Business Centre, and EV Charging Stations. Meanwhile, properties like The Harlowe offer standard party and courtyard spaces without the extensive wellness and outdoor programming found here. This amenity lineup particularly serves young professionals and urban couples seeking hotel-style wellness and social infrastructure within a master-planned community.