55 Centre Avenue 2307

Bay Street Corridor, Toronto, M5G 2H5 · More in this building

$499,900

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  • 1 bedrooms
  • 1 bathrooms
  • 1 parking
  • 700-799 sq ft

Listed 16 days ago · MLS® C13859328

About this home

Prime Location in the Heart of the City! Spacious 1-bedroom condo featuring a bright, open-concept layout, walk-in storage closet, mirrored bedroom closet doors, and a 4-piece washroom. Most of the flooring, as well as the kitchen and washroom, have been upgraded within the last 5 years. Fan coil units have been replaced. Includes a common area, community room, outdoor community space, and an owned parking spot. Owner pays hydro (hydro is not included). Central air included. All rooms are irregularly shaped. Pets permitted. Close to all amenities and just minutes from U of T, Metropolitan University, and George Brown College. Steps to TTC subway, buses, and streetcars. Walking distance to City Hall, Eaton Centre, hospitals, parks, and the library, with easy access to Toronto's commercial and financial districts.

Details

Type
Condo Apartment
Style
Multi-Level
Size
700-799 sq ft
Basement
None
Garage
Underground
Kitchens
1
Property tax
$2,576 (2026)
Maintenance fee
$996/month
Neighbourhood
Bay Street Corridor
Municipality
Toronto C01
Price per sq ft
$667 (28% below condo apartments in Bay Street Corridor, $921)
Fee per sq ft
$1.33/month (Toronto median $0.92)

Interior

Bedrooms
1 above ground
Bathrooms
1 × 4-piece
Rooms
3 above ground
Family room or den
No
Fireplace
No
Laundry
Ensuite

Heating, cooling and services

Heating
Fan Coil, Electric
Air conditioning
Central Air

Building and exterior

Style
Multi-Level
Exterior
Brick

Parking

Garage spaces
1
Total parking
1

Condo

Monthly fee
$996
Fee includes
Water Included, Common Elements Included, Building Insurance Included, Parking Included
Exposure
North East
Pets
Yes-with Restrictions
Property manager
Brillian Property Management Inc.

More

Possession
Nov 20, 2026
Cross street
Dundas Street W & University Ave

Rooms

RoomLevelSizeFeatures
KitchenMain2.74 × 4.26 m (9' × 14')
Living RoomMain5.79 × 4.26 m (19' × 14')
BedroomMain4.26 × 3.65 m (14' × 12')

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 St. Patrick Subway2 min walk
  • 🚇 Osgoode Subway7 min walk
  • 🚆 Toronto Union Station GO1.3 km

Within a 10-minute walk: 24 grocery stores, 548 cafés and restaurants, 24 parks, 33 pharmacies. Nearest grocery: Petra Ave Market (150 m). Nearest park: Downtown Diversity Garden on Elizabeth Street (200 m).

Schools nearby

Elementary

  • Orde Street Public School
    EQAO: Gr 6 reading 89%, math 64%
    9 min walk
  • Cornerstone Preparatory School Private9 min walk
  • Beverley School11 min walk
  • Saint Michael's Choir School Catholic11 min walk

Secondary

  • Contact Alternative School5 min walk
  • Heydon Park Secondary School
    EQAO: Gr 9 math 8%
    10 min walk
  • Subway Academy II Private11 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5G

Owners / renters
30% / 70%
Median household income
$67,500
Average age
34
Children under 15
8%
Homes
0% detached, 99% high-rise
Commute by transit
21%
Population
9,751

Languages spoken most at home besides English: Mandarin 9.1%, Yue (Cantonese) 2.9%, Arabic 2.8%, Korean 1.6%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Yonge-Bay Corridor (2025): 247% above the Toronto average, about the same from the year before.

  • Assault338% above average
  • Break and enter191% above average
  • Auto theft28% below average
  • Robbery283% above average
  • Theft from vehicles90% above average
  • Shootings47% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 24 active

  • 99 GERRARD ST W · 350 m
    Site Plan · Application Received · applied 2026
    Proposed interior alterations to repurpose the existing building to create 249 purpose built rental units.
    Application details
  • 206 SIMCOE ST · 350 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    Proposed development for the Canada Life Campus include: Retention of the existing office buildings with minor alterations at 330 University Avenue, 180 Simcoe…
    Application details
  • 67 ELM ST · 300 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    Proposed 18 storey building containing 234 hotel suites and retail space.
    Application details
  • 130 ELIZABETH ST · 150 m
    Site Plan · NOAC Issued · applied 2025
    Site Plan Approval for a 15-storey building at 604-610 Bay Street and a 43-storey building at 130 Elizabeth Street. The proposed development integrates the…
    Application details
  • 250 DUNDAS ST W · 250 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2024
    Combined Official Plan Amendment (OPA) & Zoning By-law Amendment (ZBA) application for an increase in height from 49 to 57-storeys, a reduction in the required…
    Application details
  • 234 SIMCOE ST · 250 m
    Plan of Condominium · Draft Plan Approved · applied 2024
    Standard Draft Plan of Condominium for 17 non-residential units.
    Application details

31 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 1 km. Transit times · Driving times

Coming transit

  • 🚧 Osgoode 450 m
  • 🚧 Queen 650 m
  • 🚧 Chinatown 1.0 km

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Interior Alterations · 2025 · Closed
    Proposal to replacement of flooring. Installation of drywall partition to convert condominium unit from one bedroom + den to two bedroom…
  • Other · 2024 · Closed
    Localized Brick and Sealant Repairs
  • Garage Repair/Reconstruction · 2019 · Inspection
    Proposal for repairs the parking garage for a condominium

5 permits on this block of the street in the last 2 years, including 3 new homes.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

19 City street trees within 100 m, mostly kentuckies. That’s fewer than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Royal Heritage Realty Ltd..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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