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    Toronto / Downtown / Bay Street Corridor

    1402 - 55 Centre Ave

    For SaleChestnut Park
    $589,999
    Price Cut: $599,999
    1 Bed + 1
    1 Bath
    1 Parking
    790 SQFT
    45 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $976/mth
    Taxes:
    $2,736 (2024)
    Cost Per Sqft:
    $747/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    South
    Possession Date:
    To Be Determined
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Foyer
    Large Closet, Tile Floor
    8.33 x 6.5ft
    Kitchen
    Built-in Appliances, Galley Kitchen, Tile Floor
    8.5 x 5.74ft
    Living
    Combined with Dining, Windows Floor to Ceiling, Laminate
    16.01 x 14.5ft

    About this Listing

    Welcome to Chestnut Park! Incredible location in the heart of downtown Toronto; short walk to Eaton Centre, Toronto City Hall, Nathan Phillips Square, University, Hospitals, Art Galleries, Endless restaurants & more! Truly well maintained building with security, underground parking; clean and quiet! Beautiful, spacious corner apartment with plenty of sunlight; solarium makes for a beautiful home office. Your home search (and commute) ends here; this beauty is priced to sell!

    ExtrasMaintenance Fees Include all utilities except Hydro! Available to purchase as fully furnished(inquire for pricing).

    royal lepage connect realtyMLS® #C9393085

    Amenities

    Visitor Parking
    Concierge
    Indoor Parking
    Party Room
    Security System
    Bike Storage

    Explore Neighbourhood

    10/10
    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
    15,057
    Average Individual Income
    $63,504
    Average Household Size
    3 persons
    Average Age
    43
    Average Household Income
    $103,909
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    18%
    65+
    16%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    9%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    45%
    Semi Detached
    23%
    Detached
    21%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    74%
    Mandarin
    13%
    Cantonese
    7%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Hindi
    1%
    Spanish
    1%
    Education
    University and Above
    46%
    High School
    20%
    College
    15%
    None
    12%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    10%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    Chestnut Park vs The Bay Street Corridor Area

    Building Trends At Chestnut Park

    Days on Strata

    Units at Chestnut Park spend an average of
    15
    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 Bay Street Corridor

    Turnover of Units

    On average, each unit is owned for
    10
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    35th
    Highest price per SQFT out of 41 condos in the Bay Street Corridor area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    14
    Units were Rented over the past twelve months

    Best Value Rank

    Chestnut Park offers the
    ?
    best value out of 41 condos in the Bay Street Corridor neighbourhood

    Appreciation Rank

    Chestnut Park has the
    ?
    highest ROI out of 41 condos in the Bay Street Corridor neighbourhood

    Rental Yield

    Chestnut Park yields the
    ?
    highest rent prices out of 41 condos in the Bay Street Corridor neighbourhood

    High Demand

    Chestnut Park is the
    ?
    most popular building out of 41 condos in the Bay Street Corridor neighbourhood

    Transaction Insights at 55 Centre Avenue

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$404,000 - $430,000No DataNo Data$715,000 - $717,000No Data
    Avg. Cost Per SqftNo Data$778No DataNo Data$672No Data
    Avg. Wait for Unit AvailabilityNo Data158 Days174 Days1122 Days147 DaysNo Data
    Ratio of Units in Building3%30%35%6%26%2%

    Transactions vs Inventory

    Total number of units listed and sold in Bay Street Corridor