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    Toronto / Downtown / Bay Street Corridor

    706 - 55 Centre Ave

    For RentChestnut Park
    $3,800/mth
    3 Beds + 1
    2 Bath
    0 Parking
    1,061 SQFT
    2 Days on Strata
    Est Lease Timeframe
    16 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Possession Date:
    March 1, 2025
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    None
    Furnished:
    Partially
    Exposure:
    North West
    Locker:
    None
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    No Data
    Heating
    Forced Air

    Room Dimensions

    Bedroom
    11.48 x 10.66ft
    Bedroom
    9.29 x 8.96ft
    Bedroom
    8.96 x 6.99ft

    About this Listing

    3 Decent Bedrooms + Separate Entrance Solarium (could be the 4th Bed) + Living Room + Dining Room +2 Full Bathrooms. Lots of Storage/Closet Space. Suitable for 4 people to share a sizable living. Refrigerator, Stove, Dish Washer, Microwave, Washer/Dryer. 24Hrs Concierge. Visitor Parking. Heating, Water and A/C included, Tenants only pay Hydro. Furniture and Dining ware are provided as-is. Steps to St Patrick Subway, U of T, TMU/Ryerson, OCAD, Hospitals, Financial District, Queens Park, New Ontario Court House, Dundas Square, City Hall, Art Gallery, Eaton Center, Canadian Tire, Best Buy, Grocery, Chinatown, Restaurants, Entertainments. Walk Score 10/10.*For Additional Property Details Click The Brochure Icon Below*

    ici source real asset services inc.MLS® #C12011823

    Amenities

    Visitor Parking
    Party Room
    Concierge
    Security System
    Indoor Parking
    Bike Storage

    Explore Neighbourhood

    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.

    Similar Listings

    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
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    20%
    50 - 64
    18%
    65+
    16%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    9%
    $125,000+
    4%
    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%

    Price Trends

    Maintenance Fees

    Chestnut Park vs The Bay Street Corridor Area

    Building Trends At Chestnut Park

    Days on Strata

    Units at Chestnut Park spend an average of
    24
    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
    LOW
    chance 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 again

    Property Value

    -6%
    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

    4
    Units were Sold over the past twelve months

    Rented Units

    14
    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

    Transaction Insights at 55 Centre Avenue

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$430,000$490,000No Data$689,000 - $715,000No Data
    Avg. Cost Per SqftNo Data$787$632No Data$651No Data
    Avg. Wait for Unit AvailabilityNo Data148 Days253 Days1122 Days151 DaysNo Data
    Ratio of Units in Building2%34%32%6%26%2%

    Transactions vs Inventory

    Total number of units listed and leased in Bay Street Corridor