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    555 Yonge Street

    The Residences Of 555 Yonge Street
    2for Sale
    2for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    9
    Number of Units:
    120
    Condo Completion:
    1996
    Condo Demand:
    Medium
    Unit Size Range:
    385 - 1,300 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for The Residences Of 555 Yonge Street

    Receive listing updates for Church - Toronto

    Amenities

    Security System
    Rooftop Deck
    Bike Storage
    Sauna
    Games Room
    Indoor Parking

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 555 Yonge StreetThe Residences Of 555 Yonge Street

    Located in The Village neighbourhood — The Residences of 555 Yonge Street is a 9-storey residence housing 120 downtown Toronto condos. Built in 1996, this property has a traditional concrete and glass exterior, similar to many mid-rises around the city. There's retail space on the ground floor which is occupied by Tim Hortons and Scotiabank, providing residents with an added touch of convenience.

    First-time homebuyers will likely find this property appealing, as it offers studios and 1 bedroom Toronto condos for sale which are quite affordable; students and young professionals should also consider The Residences of 555 Yonge Street because of its proximity to universities and transit options.

    You won’t find as extensive a list of amenities as you would in a new build high-rise — gym, sauna, rooftop deck, security, and parking garage — but with an exciting neighbourhood like The Village and a can’t beat location on Yonge Street, you won’t need a lot of extras.

    The Suites

    Condos as 555 Yonge Street range in size and layout, from 389 square feet for a cozy studio to 1016 square feet for a spacious 2 bedroom unit. Most suites feature hardwood floors, updated kitchens, large windows and ensuite laundry.

    Some units have undergone past renovations, but others could require upgrading — making this an excellent opportunity for investors or first-time home buyers who are looking to earn a return on sweat equity.

    With a condo at The Residences Of 555 Yonge Street, you have an exciting neighbourhood to explore, and a wealth of nearby options for dining, entertainment, shopping, and transit.

    The Neighbourhood

    The Village is an incredibly diverse neighbourhood, which occupies a prominent place in the LGBTQ+ community; while this neighbourhood is best known as the site of the Pride Parade, it’s also home to fantastic restaurants, cafes, pubs, and galleries.

    From 555 Yonge Street, it’s just a 10 minute walk to Yonge-Dundas Square — where you can take in events at the square or catch the latest Hollywood films at Cineplex. Continue south and you have the Eaton Centre for over 200 stores offering the latest in everything from modern fashion to the newest gadgets — plus, several restaurants and fast food chains.

    Concert goers have the famed Massey Hall and Phoenix Concert Theatre for up and coming bands, and it’s just a quick subway ride to the Scotiabank Arena for larger acts. There are also theatres nearby for the performing arts such as the CAA Theatre on Yonge, Betty Oliphant Theatre on Jarvis, Buddies in Bad Times Theatre on Alexander, and Ryerson Theatre on Victoria.

    For dining out, there are some great spots close to home — for something causal, you have Pizzaiolo Gourmet Pizza, Mr. Tonkatsu, and The Fry. If you’re in a rush and need to eat on the run, there’s a McDonald’s and Hoki Poke just a block north. And if it’s date night and you’re looking for an impressive sit down experience — Kenzo, Darvish Restaurant, and The Wickson Social are sure to please; all of which are within a 5 minute walk.

    Even those who love urban living need some nature from time to time — From 555 Yonge Street you can pick up a coffee at the Riddle Room or Coffee Island, and stroll to Queen’s Park for an an afternoon walk in the sun, or a picnic in the shade.

    Transportation

    The Residences Of 555 Yonge Street has a 99 Walk Score — residents of this building can run errands on foot without the need of a vehicle or public transit. For grocery runs, there’s a Rabba Fine Foods on Wellesley, and a Pusateri Fruit and Rexall Pharma Plus on Church.

    This location is also great for transit riders; there are eastbound and westbound buses on Wellesley, north and southbound buses on Church and Yonge, and Wellesley Station is just minutes away for the Yonge-University subway line.

    Drivers can reach the Gardiner Expressway by heading south on Yonge Street to Front, and then onto Bay for the nearest on-ramp. For the Don Valley parkway, go north on Yonge to Bloor, and then east for the Danforth on-ramp.

    The Residences Of 555 Yonge Street Reviews

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    2

    Listings For Sale

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    Listings For Rent

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    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 condos

    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

    39th
    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%

    Unit Sales vs Inventory

    Total number of units listed and sold in Church - Toronto