The Thompson Residences
0Listings for Salefor Sale
1Listing for Rentfor Rent
55 Stewart St & 552 Wellington St
The Thompson Residences
0Listings for Salefor Sale
1Listing for Rentfor Rent
Walk Score
96
Transit Score
100
Bike Score
71
© MapTiler © OpenStreetMap
0
CONDO Demand
high
Unit Availability
Above Average
Property Type
Condo
Developer
Freed Developments
Condo Completion
2010
Property Management
Royale Grande Property Management Ltd.
Unit Size Range
295 - 2700 SQFT
Number of Units
327
Number of Storeys
15

55 Stewart St, Toronto

About this condo

Condo Overview

Any time Peter Freed is involved in the development of a condo, we can assume a couple of things. For one, we’d bet money on the fact that any building of Freed’s is nothing shy of luxurious, and second, we’d guess it can be found somewhere in the King West neighbourhood of Toronto.

Now while all of Freed’s developments aren’t found in the King West neighbourhood, he — together with his team at Freed Developments — spent ample time and effort redeveloping the area. As a result, Freed has made a name for himself as King of King West.

The complex known as Thompson Residences at 55 Stewart is a great sample from which one can get a sense of Freed’s work. These residences, attached to the renowned Thompson Hotel, encompass the developer’s eye for detail and obsession with quality design.

55 Stewart West makes up two thirds of the Thompson Toronto Private Residences, while the last piece of the puzzle is located at 621 King West: the similarly named Thompson Residences. The 327 downtown Toronto condos in the two buildings at 55 Stewart Street & 552 Wellington Street West cover 15 storeys. Outside, sleek grey brick and plenty of glass catch the eye. However, the glass is not so uniform, but rather the heterogeneous design is scattered with balconies.

Built in 2010, 55 Stewart also boasts more than just homes. In fact, we wouldn’t judge any prospective buyer wooed just as much — if not more — by the amenities than the living spaces themselves.

Approximately 30,000 square feet is dedicated to common space at 55 Stewart. Some of the standard amenities expected of King West condos for sale include a gym, a rooftop terrace with bar and barbecues, a pool, a meeting room, visitor parking, and a movie theatre. Beyond these simple luxuries, however, residents have the option to use many other services that are bound to make life easier.

For one, the gym has personal trainers for hire, while pet sitters on site are ready to look after furry loved ones when last minute business trips arise. And while Spot will be excited at the prospect of having his very own Home Alone moment, human residents without pets might be more enticed by the fact that they can drop off their dry cleaning without leaving the building.

Residents living at 55 Stewart also have the option to use the hotel’s catering, concierge, car, and valet services, as well as housekeeping and grocery delivery. Moreover, residents receive discounts on hotel rates (although this perk is probably used more by visiting friends and family than homeowners themselves). And to be clear, most of these services are, naturally, subject to an additional charge.

The Suites

While the vibe is generally young and hip at the Thompson Residences, the demographic is largely mixed, thanks to the array of suite options available in the building. Sizes range, for example, from as cozy as 400 square feet to grand fortresses that span approximately 7,600 square feet; the building is home to anything from bachelor units to those with three bedrooms, and some with additional dens. This makes the building perfect for empty nesters or retirees who don’t feel like only surrounding themselves with people in their own age bracket.

Cecconi Simone was in charge of the interior design during the building’s construction–although past owners may well have made updates of their own. Regardless, the overarching style is modern, minimalist, and chic. Exposed concrete ceilings and engineered hardwood flooring are common throughout the building, while kitchens by Poggenpohl boast quartz or Caesar stone and stainless steel appliances.

Thanks to floor-to-ceiling windows and 9- to 10-foot ceilings, residents can enjoy relaxing in their bright, sunlit homes each and every day. Additionally, the suites feature corian countertops in bathrooms, plus outdoor spaces: balconies for some and larger terraces for penthouse owners.

The Neighbourhood

Residents living at 55 Stewart who love spending time in the great outdoors will love the fact that they can exit the lobby and walk just steps in order to reach Victoria Memorial Park. Although the surrounding area is bustling with stylish neighbours and even more luxurious businesses, there is always the option for peace, serenity, and green space as well.

With a neighbourhood name like the Fashion District, residents should expect restaurants and bars in the area to be filled with stylish patrons. Things have really come full circle, since while this fact is true, the area with initially named for the textile and garment factories that occupied it.

Those who don’t feel like dressing to impress can still feel comfortable in the area, of course. The 24-hour Thompson Diner is just next door, perfect for those who don’t want to travel far for some comfort food. There’s also an expansive Loblaws located at Queen and Portland, which will take less than 10 minutes to reach on foot, ready and waiting for home chefs or hosts. Other options for those planning to cook or entertain include a number of independent markets and specialty food shops in Queen West.

Transportation

Traveling to and from the the Thompson Residences is a breeze, thanks to its location close to the major intersection of Bathurst and King. Those without cars of their own can use streetcars that run along both of these roads in order to reach either the Bloor-Danforth or Yonge-University-Spadina subway lines.

Drivers are also well situated, especially thanks to the building’s close proximity to the Gardiner Expressway. From this fast-moving highway, one can zip over to the 427 and up to the 401 in no time, while the Don Valley Parkway can be reached quickly by heading east on the Gardiner.

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Amenities

Rooftop Deck/Garden
Outdoor Pool
Party/Meeting Room
BBQ
Guest Suites
Sauna
Gym
Underground Parking
Concierge

Maintenance Fees Cover

Maintenance fees include

Water

Owner / renter pays separately

Hydro
Heat
Air Conditioning

Past Sold & Rented Listings

Stats, Trends & Rankings

Price Per Square Foot
The Thompson Residences vs The King West Area

$71.00
More Expensive
per SQFT compared to the neighbourhood average
The Thompson Residences's Avg
price per SQFT
$1,105
/ SQFT
Neighbourhood Avg
price per SQFT
$1,034
/ SQFT

Building Trends At The Thompson Residences

Days on Market

Units at The Thompson Residences spend an average of
16
Days on Market
based on recent sales

List vs Selling Price

On average, these condos sell for
3%
above
the list price.

Offer Competition

Condos in this building have an

AVERAGE
chance of receiving
Multiple Offers

Turnover of Units

On average, each unit is owned for
5.4
YEARS before being sold again

Property Value

3%
Increase in property value within the past twelve months

Price Ranking

30th
Highest price per SQFT out of 92 condos in the King West area

Sold Units

24
Units were Sold over the past twelve months

Rented Units

55
Units were Rented over the past twelve months

Best Value

The Thompson Residences offers the
?
best value out of 92 condos in the King West neighbourhood

Return on Investment

The Thompson Residences has the
?
highest ROI out of 92 condos in the King West neighbourhood

Rental Yield

The Thompson Residences yields the
?
highest rent prices out of 92 condos in the King West neighbourhood

High Demand

The Thompson Residences is the
?
most popular building out of 92 condos in the King West neighbourhood

Sales vs Rental Values For This Condo

Studio373 - 451 SQFT
Average Cost Per Sqft$1,209
Sales Price Range$480,000 - $525,000
Rental Price Range$1,450 - $1,800
1 Bed402 - 1042 SQFT
Average Cost Per Sqft$1,070
Sales Price Range$485,000 - $870,000
Rental Price Range$1,400 - $3,150
1 Bed + Den700 - 867 SQFT
Average Cost Per Sqft$1,069
Sales Price Range$770,000 - $1,007,500
Rental Price Range$2,500 - $3,600
2 Bed811 - 1887 SQFT
Average Cost Per Sqft$1,105
Sales Price Range$1,400,000 - $1,400,000
Rental Price Range$2,400 - $7,200
2 Bed + Den1131 - 1730 SQFT
Average Cost Per Sqft$1,028
Sales Price Range$1,116,600 - $1,525,000
Rental Price Range$4,600 - $5,700

How Often Are Units Listed?

Studio295 - 1153 SQFT
Average Sales Availability
Every169Days
Average Rental Availability
Every95Days
Ratio of Unit Type in Building8%
1 Bed359 - 1157 SQFT
Average Sales Availability
Every30Days
Average Rental Availability
Every17Days
Ratio of Unit Type in Building43%
1 Bed + Den640 - 1022 SQFT
Average Sales Availability
Every53Days
Average Rental Availability
Every62Days
Ratio of Unit Type in Building20%
2 Bed811 - 1887 SQFT
Average Sales Availability
Every85Days
Average Rental Availability
Every63Days
Ratio of Unit Type in Building16%
2 Bed + Den1098 - 2500 SQFT
Average Sales Availability
Every88Days
Average Rental Availability
Every129Days
Ratio of Unit Type in Building15%
3 Bed1637 - 2087 SQFT
Average Sales Availability
Every950Days
Average Rental Availability
N/A
Ratio of Unit Type in Building2%
3 Bed + Den1792 - 1792 SQFT
Average Sales Availability
Every662Days
Average Rental Availability
N/A
Ratio of Unit Type in Building1%

Maintenance Fees
The Thompson Residences vs The King West Area

$0.11
More Expensive
per SQFT compared to the neighbourhood average
The Thompson Residences's Avg
monthly maintenance
fee per SQFT
$0.83
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.72
/ SQFT

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