Maintenance Fees
Chestnut Park vs The Bay Street Corridor Area
701 - 55 Centre Ave
For SaleChestnut Park
35 Days on Strata
$439,900
1 Bed
1 Bath
0 Parking
550 SQFT
Listing History
2025 - Mar 03
for sale$439,900
Receive listing updates for Bay Street Corridor
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$640/mth
Taxes:
$1,853 (2024)
Cost Per Sqft:
$800/sqft
Outdoor Space:
None
Locker:
None
Exposure:
East
Possession Date:
To Be Arranged
Amenities
Visitor Parking
Party Room
Concierge
Security System
Indoor Parking
Bike Storage
About this Listing
In the Heart of City Toronto. This stunning, bright, and generously sized one-bedroom unit is just steps away from the University of Toronto, Ryerson University, George Brown College, and OCAD, as well as major hospitals, shopping, the Financial District, Chinatown, Yonge Street, and Yorkville. Newer Reno for Kitch and Washroom .This spacious one-bedroom home is located in the sought-after Chestnut Park. Immerse yourself in the heart of downtown living at an affordable price. Dont miss out!
ExtrasExisting fridge, stove, dishwasher, washer, and dryer.
homelife landmark realty inc.MLS® #C11997890
Fees & Utilities
Maintenance Fees
Included in Fees
Heat
Water
Building Maintenance
Building Insurance
Not Included
Hydro
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Living
Laminate, Window
18.73 x 11.09ft
Dining
Laminate
18.73 x 7.51ft
Kitchen
Ceramic Floor, Ceramic Back Splash, Quartz Counter
7.84 x 5.25ft
Primary
Laminate, Window, Closet
12.07 x 8.53ft
Buyer's Market
Balanced
Seller's Market
Building Spotlight
Similar Listings
Explore Bay Street Corridor
Commute Calculator
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.
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
35
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 a
LOWchance of receiving
Multiple Offers
compared to other buildings in Bay Street Corridor
Turnover of Units
On average, each unit is owned for
9.9
YEARS before being sold againProperty Value
-16%
Decrease in property value within the past twelve months
Price Ranking
34th
Highest price per SQFT out of 45 condos in the Bay Street Corridor area
Sold Units
2
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 45 condos in the Bay Street Corridor neighbourhood
?
Appreciation Rank
Chestnut Park has the highest ROI out of 45 condos in the Bay Street Corridor neighbourhood
?
Rental Yield
Chestnut Park yields the highest rent prices out of 45 condos in the Bay Street Corridor neighbourhood
?
High Demand
Chestnut Park is the most popular building out of 45 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 | |
|---|---|---|---|---|---|---|
| Price Range | No Data | No Data | $490,000 | No Data | $689,000 | No Data |
| Avg. Cost Per Sqft | No Data | No Data | $632 | No Data | $619 | No Data |
| Price Range | $2,400 | $2,100 - $2,290 | $2,000 - $3,500 | $3,300 | $3,100 - $4,000 | No Data |
| Avg. Wait for Unit Availability | No Data | 148 Days | 253 Days | 1122 Days | 151 Days | No Data |
| Avg. Wait for Unit Availability | 414 Days | 72 Days | 147 Days | No Data | 130 Days | No Data |
| Ratio of Units in Building | 2% | 34% | 32% | 6% | 26% | 2% |
Market Inventory
Total number of units listed and sold in Bay Street Corridor
