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.

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 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.

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.