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    Toronto / Downtown / St. Lawrence

    505 - 55 Ontario St

    For SaleEast55 Condos
    $715,000
    Price Cut: $749,998
    2 Beds
    1 Bath
    0 Parking
    752 SQFT
    61 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $715/mth
    Taxes:
    $3,687 (2023)
    Cost Per Sqft:
    $951/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South
    Possession Date:
    November 7, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Heat Pump

    Room Dimensions

    Living
    Combined with Dining, Walkout To Balcony, Hardwood Floor
    10.01 x 13.98ft
    Dining
    Combined with Living, Walkout To Balcony, Hardwood Floor
    10.01 x 13.98ft
    Kitchen
    Stainless Steel Appliances, Quartz Counter, Modern Kitchen
    10.01 x 16.01ft

    About this Listing

    752sqft Luxury 2 bed 1 bath corner unit w/ an unobstructed south view. it boasts 9ft ceilings,high-end finishes w/ upgraded lighting, b/I custom closet in primary bedroom, motorized blinds,glass shower doors, 102 sqft balcony with gas BBQ & much more! 24 hr security, Outdoor pool, gym,walking distance to George brown, St. Lawrence Market, TTC, Hwy 404, future Corktown stn, shoppingand distillery district. Parking spot and locker avail for purchase.

    ExtrasStainless Steel (Gas Cooktop, Fridge, B/I Oven, B/I Microwave), full size Stacked Washer And Dryer,Gas Bbq Outlet On Balcony. parking spot and locker on p2. *SECOND BEDROOM can be converted back toa den/office for an open concept design.

    royal lepage signature realtyMLS® #C9303282

    Amenities

    Concierge
    Party Room
    Rooftop Deck
    Indoor Parking
    Gym Room
    Outdoor Pool

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    52,892
    Average Individual Income
    $63,089
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $104,944
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    22%
    35 - 49
    18%
    50 - 64
    21%
    65+
    21%
    Household Income
    $0 - $30,000
    49%
    $30,000+
    24%
    $60,000+
    13%
    $90,000+
    7%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    36%
    High Rise Apartment
    32%
    Semi Detached
    17%
    Low Rise Apartment
    7%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    12%
    Cantonese
    11%
    Tamil
    3%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Education
    University and Above
    35%
    High School
    25%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    19%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    3%

    Price Trends

    Maintenance Fees

    East55 Condos vs The St. Lawrence Area

    Building Trends At East55 Condos

    Days on Strata

    Units at East55 Condos spend an average of
    34
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in St. Lawrence

    Turnover of Units

    On average, each unit is owned for
    5.5
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    11th
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    51
    Units were Rented over the past twelve months

    Best Value Rank

    East55 Condos offers the
    ?
    best value out of 64 condos in the St. Lawrence neighbourhood

    Appreciation Rank

    East55 Condos has the
    ?
    highest ROI out of 64 condos in the St. Lawrence neighbourhood

    Rental Yield

    East55 Condos yields the
    ?
    highest rent prices out of 64 condos in the St. Lawrence neighbourhood

    High Demand

    East55 Condos is the
    ?
    most popular building out of 64 condos in the St. Lawrence neighbourhood

    Transaction Insights at 55 Ontario Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$490,000 - $545,000$647,925 - $699,900$840,000$1,400,000$1,027,500 - $1,040,000
    Avg. Cost Per Sqft$1,063$1,044$1,033$1,149$1,031
    Avg. Wait for Unit Availability35 Days48 Days87 Days256 Days373 Days
    Ratio of Units in Building52%31%14%3%3%

    Transactions vs Inventory

    Total number of units listed and sold in St. Lawrence