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    406 - 555 Yonge St

    For SaleThe Residences Of 555 Yonge Street
    $480,000
    Price Cut: $499,000
    1 Bed
    1 Bath
    0 Parking
    589 SQFT
    68 Days on Strata
    Est Sell Timeframe
    19 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $742/mth
    Taxes:
    $2,003 (2024)
    Cost Per Sqft:
    $815/sqft
    Locker:
    Exclusive
    Outdoor Space:
    None
    Exposure:
    North
    Possession Date:
    October 15, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Hardwood Floor, Window
    17.78 x 9.97ft
    Dining
    Combined with Living, Hardwood Floor
    17.78 x 9.97ft
    Kitchen
    Breakfast Bar, Ceramic Floor
    10.11 x 12.76ft

    About this Listing

    This spacious 593 sq. ft one-bedroom apartment in downtown Toronto offers an exceptional living experience, with generous room sizes that set it apart from other one-bedroom units in the area. The oversized bedroom can easily accommodate two queen-size beds, along with additional furniture, making it perfect for those who need extra space or plan to share with a roommate. The living room is equally expansive, offering a comfortable space for relaxing or entertaining.The apartment benefits from a desirable south-facing exposure, providing natural light and picturesque views of the downtown skyline. Its location places you within walking distance to key Toronto landmarks such as Yonge Street, Yorkville, Bloor Street, Wellesley Station, and the University of Toronto. Whether you're a professional working downtown or a student at one of the nearby universities, this apartment offers an ideal base for urban living.Convenience is key heresteps away from public transit, including Wellesley Station, you have easy access to all the city's amenities. The bustling Eaton Centre is just a short walk away, and you're also close to major shopping districts, including the high-end boutiques of Yorkville. With top-tier hospitals, such as the University Health Network, close by, as well as numerous dining, shopping, and entertainment options along Yonge Street and beyond, this apartment is well-connected to everything that makes downtown Toronto one of the most dynamic places to live.Whether you're looking for a quiet home base or a place to experience all the excitement that the city has to offer, this apartment provides both comfort and convenience. The proximity to cultural landmarks like the Royal Ontario Museum, world-class theaters, and lively nightlife means you'll always have something to do. Plus, the regular festivals and events throughout the year foster a vibrant sense of community.

    sutton group-associates realty inc.MLS® #C9296192


    Amenities

    Gym Room
    Concierge
    Bike Storage
    Security System
    Sauna
    Games Room

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    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.

    Similar Listings

    Demographics

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

    Population
    10,008
    Average Individual Income
    $65,836
    Average Household Size
    3 persons
    Average Age
    46
    Average Household Income
    $109,948
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    19%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    50%
    $30,000+
    22%
    $60,000+
    13%
    $90,000+
    8%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    38%
    High Rise Apartment
    25%
    Semi Detached
    22%
    Low Rise Apartment
    9%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    10%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Urdu
    1%
    Tamil
    1%
    Education
    University and Above
    39%
    High School
    22%
    None
    16%
    College
    15%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    22%
    Health & Related Fields
    11%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Maintenance Fees

    The Residences Of 555 Yonge Street vs The Church - Toronto Area

    Days on Strata

    Units at The Residences Of 555 Yonge Street spend an average of
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

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

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Church - Toronto

    Turnover of Units

    On average, each unit is owned for
    5.5
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    40th
    Highest price per SQFT out of 77 condos in the Church - Toronto area

    Sold Units

    4
    Units were Sold over the past twelve months

    Rented Units

    9
    Units were Rented over the past twelve months

    Best Value Rank

    The Residences Of 555 Yonge Street offers the
    ?
    best value out of 77 condos in the Church - Toronto neighbourhood

    Appreciation Rank

    The Residences Of 555 Yonge Street has the
    ?
    highest ROI out of 77 condos in the Church - Toronto neighbourhood

    Rental Yield

    The Residences Of 555 Yonge Street yields the
    ?
    highest rent prices out of 77 condos in the Church - Toronto neighbourhood

    High Demand

    The Residences Of 555 Yonge Street is the
    ?
    most popular building out of 77 condos in the Church - Toronto neighbourhood

    Transaction Insights at 555 Yonge Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$400,000$501,000 - $506,500$627,000No DataNo Data
    Avg. Cost Per Sqft$1,024$873$799No DataNo Data
    Avg. Wait for Unit Availability266 Days91 Days494 Days381 Days1704 Days
    Ratio of Units in Building20%53%10%13%5%

    Transactions vs Inventory

    Total number of units listed and sold in Church - Toronto