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    55 Stewart St. This condo at The Thompson Residences is located in  Downtown, Toronto - image #1 of 9 by Strata.ca
    55 Stewart St. This condo at The Thompson Residences is located in  Downtown, Toronto - image #2 of 9 by Strata.ca
    55 Stewart St. This condo at The Thompson Residences is located in  Downtown, Toronto - image #3 of 9 by Strata.ca
    55 Stewart St. This condo at The Thompson Residences is located in  Downtown, Toronto - image #4 of 9 by Strata.ca
    55 Stewart St. This condo at The Thompson Residences is located in  Downtown, Toronto - image #5 of 9 by Strata.ca

    55 Stewart St & 552 Wellington St

    The Thompson Residences
    5for Sale
    1for Rent
    Walkability
    10/10
    Transit
    10/10
    Bikeability
    7/10
    Developer
    Freed Developments
    Condo Completion
    2010
    Property Management
    Royale Grande Property Management Ltd.
    Property Type
    Condo
    Unit Size Range
    295 - 2713 SQFT
    Number of Units
    327
    Number of Storeys
    15
    CONDO Demand
    Average
    Unit Availability
    Average

    About this condo

    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.

    5

    Listings For Sale

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    1

    Listings For Rent

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    Property Highlights

    Amenities
    BBQ
    Outdoor Pool
    Bike Storage
    Sauna
    Indoor Parking
    Concierge
    Rooftop Deck
    Party Room
    Gym Room
    Guest Suites

    Listing History for The Thompson Residences

    Nearby Amenities

    Demographics

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

    Population
    24,628
    Average Individual Income
    $60,126
    Average Household Size
    2 persons
    Average Age
    40
    Average Household Income
    $87,991
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    35%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    5%
    Duplex
    3%
    Marital Status
    Commute
    Languages
    English
    34%
    Mandarin
    17%
    Cantonese
    13%
    Farsi
    4%
    Arabic
    2%
    Tagalog
    2%
    Tamil
    2%
    Other
    26%
    Education
    High School
    23%
    Apprenticeship
    3%
    University and Above
    40%
    College
    15%
    University Below Batchelor
    3%
    None
    14%
    Major Field of Study
    Personal, Protective & Transportation Services
    2%
    Health & Related Fields
    11%
    Humanities
    5%
    Architecture & Engineering
    19%
    Physical Sciences
    6%
    Social Sciences
    12%
    Math & Computer Sciences
    7%
    Education
    4%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%
    Business Management
    24%

    Stats, Trends & Rankings

    Price: 
     | 

    The Thompson Residences vs The King West Area
    The Thompson Residences's Avg
    $1,163 SQFT
    Neighbourhood Avg
    $1,043 SQFT

    Building Trends At The Thompson Residences

    Days on Strata

    Units at The Thompson Residences spend an average of
    29
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    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
    5.2
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    20th
    Highest price per SQFT out of 95 condos in the King West area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    45
    Units were Rented over the past twelve months

    Sales vs Rental Values For This Condo

    Studio295 - 434 SQFT
    Average Cost Per Sqft$1,205
    Sales Price Range$525,000 - $525,000
    Rental Price Range$1,975 - $2,350
    1 Bed382 - 1050 SQFT
    Average Cost Per Sqft$1,176
    Sales Price Range$498,000 - $785,000
    Rental Price Range$2,150 - $4,100
    1 Bed + Den705 - 886 SQFT
    Average Cost Per SqftNo Data
    Sales Price RangeNo Data
    Rental Price Range$3,450 - $4,200
    2 Bed800 - 1200 SQFT
    Average Cost Per Sqft$1,090
    Sales Price Range$1,125,000 - $1,203,000
    Rental Price Range$3,500 - $7,000
    2 Bed + Den1189 - 2713 SQFT
    Average Cost Per Sqft$1,122
    Sales Price Range$1,225,000 - $2,478,600
    Rental Price Range$6,000 - $8,500

    How Often Are Units Listed?

    Studio295 - 1153 SQFT
    Average Sales Availability
    Every194Days
    Average Rental Availability
    Every92Days
    Ratio of Unit Type in Building8%
    1 Bed359 - 1157 SQFT
    Average Sales Availability
    Every37Days
    Average Rental Availability
    Every17Days
    Ratio of Unit Type in Building41%
    1 Bed + Den646 - 1042 SQFT
    Average Sales Availability
    Every53Days
    Average Rental Availability
    Every62Days
    Ratio of Unit Type in Building20%
    2 Bed800 - 1887 SQFT
    Average Sales Availability
    Every93Days
    Average Rental Availability
    Every63Days
    Ratio of Unit Type in Building16%
    2 Bed + Den1098 - 2713 SQFT
    Average Sales Availability
    Every81Days
    Average Rental Availability
    Every123Days
    Ratio of Unit Type in Building16%
    3 Bed1637 - 2087 SQFT
    Average Sales Availability
    Every950Days
    Average Rental Availability
    No Data
    Ratio of Unit Type in Building1%
    3 Bed + Den1792 - 1792 SQFT
    Average Sales Availability
    No Data
    Average Rental Availability
    No Data
    Ratio of Unit Type in Building1%

    Maintenance Fees

    The Thompson Residences vs The King West Area
    The Thompson Residences's Avg
    monthly maintenance fee
    $0.94 / SQFT
    Neighbourhood Avg
    monthly maintenance fee
    $0.78 / SQFT

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