Property Description

River & Fifth – Condos at Downtown Toronto, ON
Coming soon to
5 Defries Street, Toronto, ON
Condo Homes from $511,990
Studios From $382,990

Offers exceptional connectivity to downtown Toronto while maintaining proximity to natural landscapes along the Don River
ADDRESS	5 Defries Street, Toronto, ON
AREA	Toronto, Onatrio
ROOMS	Studio to 3 Bed | 1 – 2.5 Bath
TYPE HOMES	Condo Homes
OCCUPANCY	60 to 120 Days
DEPOSIT	10 to 20%
SUITE SIZE RANGE	347 – 1444 sqft
PRICE START	Condo Homes from $511,990 Studios From $382,990

River & Fifth Condos is a landmark pre-construction condominium development rising in Toronto’s rapidly transforming Downtown East. Located at 5 Defries Street in the heart of the Regent Park neighbourhood, this striking high-rise introduces a new standard of refined urban living where the Don River meets the city skyline. Standing approximately 41 storeys tall, River & Fifth will deliver a collection of 580 thoughtfully designed residential suites within a building area of roughly 468,000 square feet.

The project offers a diverse mix of suite layouts, including studios, urban townhomes, and spacious three-bedroom residences, with interior sizes ranging from approximately 340 to 1,400 square feet. Designed to bring the outdoors in, River & Fifth blends modern architectural expression with expansive windows, panoramic views, and a strong connection to surrounding green space. Positioned between King Street East and Queen Street East, the development places residents at the centre of one of Toronto’s most exciting revitalization corridors, just minutes from the downtown financial core.

River & Fifth represents the future of Downtown East living, combining contemporary design, walkable convenience, and long-term investment appeal in a neighbourhood undergoing significant growth and infrastructure investment.

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Amenities

River & Fifth Condos is designed to support a lifestyle that balances sophistication, comfort, and wellness. Residents will enjoy curated indoor amenities that complement modern city living, including concierge services that provide added convenience and security, as well as a fully equipped fitness centre designed to meet everyday wellness needs. Thoughtfully planned common areas encourage relaxation and social connection while reflecting the refined character of the building.

The residences themselves emphasize functionality and natural light, with efficient layouts, floor-to-ceiling windows, and contemporary finishes that enhance both form and livability. Many suites offer sweeping views of the Don River, downtown Toronto, and surrounding parklands, reinforcing the project’s unique connection to nature within an urban setting. From compact studios ideal for professionals to family-sized suites and townhome layouts, River & Fifth caters to a wide range of lifestyles.

By integrating comfort-driven amenities with elegant residential design, River & Fifth creates a living experience that feels elevated yet accessible, appealing to end-users and investors seeking strong long-term value.

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Location

River & Fifth Condos is ideally situated in Toronto’s Regent Park neighbourhood, one of the city’s most ambitious and successful revitalization areas. Located near the intersection of King Street East and Queen Street East, the community offers exceptional connectivity to downtown Toronto while maintaining proximity to natural landscapes along the Don River. Residents are steps from transit options, including streetcar routes that provide seamless access to the Financial District, Distillery District, Leslieville, and beyond.

The surrounding Downtown East area is defined by its blend of cultural landmarks, green spaces, and emerging retail and dining destinations. Nearby parks, riverfront trails, and open spaces offer a peaceful escape from city life, while local cafés, restaurants, and community hubs create a vibrant urban atmosphere. The location also benefits from ongoing infrastructure investment and residential growth, making it one of Toronto’s most promising areas for future appreciation.

With its rare riverside setting, walkable urban access, and placement within a rapidly evolving neighbourhood, River & Fifth Condos delivers an exceptional opportunity to live or invest in the next chapter of downtown Toronto.

Register Now to get access to the VIP Prices and Floor Plans of Exclusive Low maintenance Fee for these Condos in Toronto, ON. Please click here and fill out the form and we will send you more info as soon as possible.

Is this Not the right location, city and type of house you are looking for? No problem, We may certainly find your dream home: Click here and fill out the “My Dream Home search in GTA” form and we will get back to you with relevant information.

In Your Best Interest – Start Smart with RE/MAX Team Paliwal

Before you step into any new home or condo sales centre, make sure you’re accompanied by a REALTOR® from RE/MAX Team Paliwal—especially on your first visit.

As builder-preferred agents, we’re paid directly by the builder, but we work exclusively for you—at absolutely no cost to you.

Why is this important?

Builder sales staff represent the builder, not you. That means important terms, hidden conditions, or missed incentives could slip through—costing you time and money.

With us by your side, you gain:

• Expert guidance throughout the selection and purchase process
• Negotiation power to secure the best price and terms
• Early VIP access to pricing, floor plans, and builder incentives
• Referrals to trusted professionals—top lawyers, lenders & banks

We’re independent REALTORS® with RE/MAX Realty Specialists Inc., Brokerage—your advisors, advocates, and partners in the journey.

Note: This service is offered to buyers not currently under contract with another REALTOR®.

FAQs

How do I reserve a unit or lot in this project?

Click on “Request Information” – Fill out the form and send us, We will send you more details so that you may select the suites or Lots you are interested in.

What does it mean that RE/MAX Team Paliwal -Gyanesh Paliwal is 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.

How does it benefit me as a buyer to work with RE/MAX Team Paliwal as my Platinum Agent?

Working with us as your Platinum agents give you several benefits

1. You get the highest level of access in the building or in the new home project.
2. You pay the lowest possible price for the unit or new home (prices are typically increased significantly after the Platinum sales event)
3. The best possible incentives and terms.
4. We the agents at RE/MAX Team Paliwal do not represent the builder. We represent you. You benefit from our expertise of being a top selling pre-construction agent and investor since 2007.
5. Access to our personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
6. Our services to you as a buyer are free

Do I get a cooling-off period? What is it for?

Yes, after you sign the contract to purchase a suite you will have a standard 10-day cooling-off period BUT only in case of high rise Condo units or Condo-Townhomes NOT when you buy Free Hold homes. It’s 10 calendar days, not business days from the time you sign.

The 10 days are primarily for 2 things: 1) to have a lawyer review your contract with you if you wish and 2) to get a mortgage pre-approval letter

Do I need to have a lawyer?

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

Do I need to have a 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 30 to 60 days of signing.

Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that we may help you with. Contact us for more details.

Do the prices include HST?

 If you are purchasing for yourself and plan to move in, then yes, prices include the HST and there is no HST you will have to pay at final closing.

If you are purchasing as an investment, rental property, then you will have to pay approximately 7.8% of the purchase price as HST on final closing.

This money is remitted to the CRA and later on, we may help you and guide you as to how you can apply to the CRA immediately to get this money back. It usually takes about 1 to 3 months to get your rebate back.

What are my closing costs on a pre-construction condo or house?

Closing costs on a pre-construction condo or house will always be much higher than buying similar property under resale or existing ones. The closing cost of a brand new house or condo will depend on the actual purchase price of the unit/house you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit/house that you are buying.

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 or house.

Contact RE/MAX Team Paliwal  for more details

Are there any ‘hidden’ costs when buying a pre-construction condo unit or home in Greater Toronto, Canada?

No, there are no hidden fees when buying pre-construction condos or houses because all fees must be disclosed in the agreement of purchase and sale. All purchasers must review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help you we can suggest to you to several expert law firms that will review your agreement in detail.

Is it possible to assign my condo or house? How much is the assignment fee?

Most condo or house builders do allow you to sell your unit/lot or house before its occupancy by you. This process is called selling by “assignment”.

There is usually an assignment fee and a legal fee associated with selling. Costs may range from $1000-10,000. Contact us for more details.

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