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    Toronto / Downtown / St. Lawrence

    715 - 55 Ontario St

    For SaleEast 55 Condos
    5.0
    $588,000
    1 Bed
    1 Bath
    0 Parking
    478 SQFT
    83 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $403/mth
    Taxes:
    $1,661 (2024)
    Cost Per Sqft:
    $1,230/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    West
    Possession Date:
    December 31, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Water
    Building Insurance
    Excluded
    Hydro
    Heat

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Heat Pump

    Room Dimensions

    Living
    Combined with Dining, Hardwood Floor, Large Window
    12.57 x 13.98ft
    Dining
    Combined with Living, Hardwood Floor, Open Concept
    12.57 x 13.98ft
    Kitchen
    Open Concept, Hardwood Floor, Stainless Steel Appliances
    12.57 x 13.98ft

    About this Listing

    55 Ontario Street is a pinnacle of contemporary living nestled in Toronto's coveted King East neighbourhood. This brand-new junior 1 bedroom, 1 bathroom condo epitomizes sophistication and style. Step into an open-concept layout adorned with premium finishes, including engineered hardwood floors, sleek cabinetry, and quartz countertops. The gourmet kitchen boasts state-of-the-art appliances, perfect for culinary enthusiasts. Unwind in the cozy bedroom retreat, complete with ample closet space and large windows offering stunning city views. The luxurious bathroom features elegant fixtures and a spa-like ambiance. With ensuite laundry and storage, convenience is paramount. Indulge in the building's exceptional amenities, including a fitness centre, rooftop terrace, and concierge service. Embrace the vibrant energy of King East with its trendy cafes, boutiques, and entertainment options right at your doorstep. With easy access to transit and highways, commuting is a breeze. Don't miss the chance to experience urban living at its finest in this exquisite condominium.

    ExtrasCash Flow positive in Toronto! Low costs and high rent make this a rare find, perfect for the savvy investor.

    young realty inc.MLS® #C9376663

    Amenities

    Concierge
    Outdoor Pool
    Indoor Parking
    Rooftop Deck
    Party Room
    Visitor Parking

    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

    East 55 Condos vs The St. Lawrence Area

    Building Trends At East 55 Condos

    Days on Strata

    Units at East 55 Condos spend an average of
    29
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    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

    7th
    Highest price per SQFT out of 64 condos in the St. Lawrence area

    Sold Units

    12
    Units were Sold over the past twelve months

    Rented Units

    54
    Units were Rented over the past twelve months

    Best Value Rank

    East 55 Condos offers the
    ?
    best value out of 64 condos in the St. Lawrence neighbourhood

    Appreciation Rank

    East 55 Condos has the
    ?
    highest ROI out of 64 condos in the St. Lawrence neighbourhood

    Rental Yield

    East 55 Condos yields the
    ?
    highest rent prices out of 64 condos in the St. Lawrence neighbourhood

    High Demand

    East 55 Condos is the
    ?
    most popular building out of 64 condos in the St. Lawrence neighbourhood

    Transaction Insights at 53 Ontario St

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$490,000$647,925 - $699,900$840,000$1,400,000$1,027,500 - $1,040,000
    Avg. Cost Per Sqft$1,108$1,043$1,033$1,149$1,031
    Avg. Wait for Unit Availability34 Days50 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