Maintenance Fees
Chestnut Park vs The Bay Street Corridor Area
for sale
22 Days on Strata
2007 - 55 Centre Ave
$534,900
1 Bed + 1
1 Bath
1 Parking
800 SQFT
Price History
- Maintenance Fees:
- $976/mth
- Taxes:
- $2,443 (2025)
- Property Type:
- Condo
- Cost Per Sqft:
- $669/sqft
- Outdoor Space:
- None
- Locker:
- Ensuite
- Possession Date:
- TBD
- Exposure:
- North East
Amenities
Bike Storage
Concierge
Visitor Parking
About this Listing
Beautifully renovated and impeccably styled, this oversized one-bedroom plus solarium offers sophisticated urban living in the heart of downtown. The open-concept living and dining area flows effortlessly into the bright solarium, featuring floor-to-ceiling windows and rich hardwood floors-perfect for a home office, reading nook or 2nd bedroom. The custom-designed modern kitchen impresses with quartz countertops, full-size stainless steel appliances, a built-in microwave, and abundant cabinetry and workspace. The spacious primary bedroom includes a walk-in closet with custom organizers and a striking bay window and hardwood flooring. The sleek, updated bathroom features a walk-in tiled shower with a built-in bench and a custom mirrored vanity. With all-inclusive maintenance fees (excluding hydro), this suite is the perfect blend of comfort and convenience. Ideally situated at University and Dundas, you're steps to Public Transportation, the Eaton Centre, Hospital Row, U of T, Toronto Metropolitan University, and an array of shops, cafés, and restaurants-everything downtown living has to offer.
ExtrasFridge, Stove, Dishwasher, Built-in Microwave, Washer & Dryer, Key Fob
exp realtyMLS® #C12489662
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Included
- Air Conditioning
- Not Included
- Water
- Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Not Included
- Heating Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Primary
- 10.5 x 11.68ft
- Walk-in Closet, hardwood floor, Bay Window
- Living
- 10.99 x 17.98ft
- hardwood floor, Combined with Kitchen
- Kitchen
- 10.99 x 17.98ft
- Combined with Living, Stainless Steel Appliances, Tile Floor
- Solarium
- 10.5 x 10.17ft
- hardwood floor, Closet
Buyer's Market
Balanced
Seller's Market
Building Spotlight
Similar Listings
Explore Bay Street Corridor
Map
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.
Mortgage Calculator
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
Household Income
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%
Building Trends At Chestnut Park
Days on Strata
Units at Chestnut Park spend an average of
40
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
7%
below
the list price.
Offer Competition
Condos in this building have a
LOWchance of receiving
Multiple Offers
compared to other buildings in Bay Street Corridor
Turnover of Units
On average, each unit is owned for
9.7
YEARS before being sold againProperty Value
-8%
Decrease in property value within the past twelve months
Price Ranking
33rd
Highest price per SQFT out of 47 condos in the Bay Street Corridor area
Sold Units
3
Units were Sold over the past twelve months
Rented Units
12
Units were Rented over the past twelve months
Best Value Rank
Chestnut Park offers the best value out of 47 condos in the Bay Street Corridor neighbourhood
?
Appreciation Rank
Chestnut Park has the highest ROI out of 47 condos in the Bay Street Corridor neighbourhood
?
Rental Yield
Chestnut Park yields the highest rent prices out of 47 condos in the Bay Street Corridor neighbourhood
?
High Demand
Chestnut Park is the most popular building out of 47 condos in the Bay Street Corridor neighbourhood
?
Market Insights
Transaction Insights at Chestnut Park
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|---|
| Price Range | No Data | $408,800 | $490,000 | No Data | $689,000 | No Data | No Data |
| Avg. Cost Per Sqft | No Data | $799 | $632 | No Data | $624 | No Data | No Data |
| Price Range | No Data | $2,000 - $2,300 | $2,150 - $2,800 | No Data | $3,300 - $3,500 | No Data | $3,600 |
| Avg. Wait for Unit Availability | No Data | 180 Days | 187 Days | 1719 Days | 160 Days | No Data | No Data |
| Avg. Wait for Unit Availability | 445 Days | 67 Days | 146 Days | No Data | 140 Days | No Data | 436 Days |
| Ratio of Units in Building | 3% | 31% | 34% | 6% | 25% | 2% | 1% |
Market Inventory
Total number of units listed and sold in Bay Street Corridor
