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    The Thompson Residences

    55 Stewart Street & 552 Wellington Street

    3for Sale
    2for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    15
    Number of Units:
    327
    Condo Completion:
    2010
    Condo Demand:
    Medium
    Unit Size Range:
    295 - 2,713 SQFT
    Unit Availability:
    Medium

    Listing History for The Thompson Residences

    Amenities

    Bike Storage
    Indoor Parking
    BBQ
    Rooftop Deck
    Sauna
    Concierge

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 55 Stewart StreetThe Thompson Residences

    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.

    3

    Listings For Sale

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    2

    Listings For Rent

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    Nearby Amenities

    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.

    Demographics

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

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Days on Strata

    Units at The Thompson Residences spend an average of
    37
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    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
    5.3
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    58th
    Highest price per SQFT out of 98 condos in the King West area

    Sold Units

    15
    Units were Sold over the past twelve months

    Rented Units

    40
    Units were Rented over the past twelve months

    Best Value Rank

    The Thompson Residences offers the
    ?
    best value out of 98 condos in the King West neighbourhood

    Appreciation Rank

    The Thompson Residences has the
    ?
    highest ROI out of 98 condos in the King West neighbourhood

    Rental Yield

    The Thompson Residences yields the
    ?
    highest rent prices out of 98 condos in the King West neighbourhood

    High Demand

    The Thompson Residences is the
    ?
    most popular building out of 98 condos in the King West neighbourhood

    Transaction Insights at 55 Stewart Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$495,000$464,000 - $785,000$870,000$1,125,000 - $1,203,000$1,225,000No DataNo Data
    Avg. Cost Per Sqft$432$1,130$1,046$1,095$1,129No DataNo Data
    Avg. Wait for Unit Availability211 Days38 Days63 Days95 Days82 Days950 DaysNo Data
    Ratio of Units in Building8%42%20%16%16%1%1%

    Maintenance Fees

    The Thompson Residences vs The King West Area

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