Chestnut Park at 55 Centre Ave, Toronto 0
Chestnut Park at 55 Centre Ave, Toronto 1

Chestnut Park

55 Centre Ave, Toronto

For Sale
For Rent
Average Psf
$723(past 365 days)
Size Range
549-2,253 sqft
Age Of Building
32 years

Found on Centre Ave off Dundas Street West and one black east of University, Chestnut Park is a conventional concrete and glass condo tower that offers affordability, strong management, and a great location.
The 22-storey building was completed in 1990, and since then it has been offering over 130 Toronto condos for sale and for rent, just steps from the Eaton Centre, City Hall, Financial District, and major Hospitals, making it perfect for investors, working professionals and first-time buyers. The suites range from bachelor and junior one-bedroom apartments to two-bedrooms plus den, with select penthouse units that feature a large family room. Chestnut Park offers less fancy amenities compared to some of the newer Toronto condos, but the suites are very roomy, the building is safe, and the central location gives residents access to some of the city’s finest art galleries, including the Art Gallery of Ontario, Ontario College of Art and Design, and Village by the Grange.

Most Notable Features
Ideal for students: Chestnut Park is located right between University of Toronto and Ryerson University, making it an ideal residence for students seeking a downtown home for the school year. With suites from bachelor to two-bedrooms plus den, Chestnut Park can cater to all lifestyles whether you want to live alone or share a place with friends.
Central location: Located one street east of University Avenue, homeowners at Chestnut Park will love the prime downtown locale, just steps from St. Patrick subway station on the Yonge-University line and within walking distance to Yonge Street’s Eaton Centre, Bay Street’s Financial District, and Toronto’s Hospital hub along University Avenue.
Visitor parking: Chestnut Park has fewer amenities compared to other downtown Toronto condos, but the property does offer visitor parking. An often overlooked extra, visitor parking makes having friends and family over so much easier, especially in a busy downtown core. Forget the hassle of non-guaranteed street parking, and simply tell your guests to drive straight to your door.

View Chestnut Park location, amenities & demographics

Building Details

Corp #:
Visitor Parking
Parking Garage
Pet Restriction
Security System
Security Guard
Bike Storage
Meeting Room

Included in Maintenance Fees

Common Element
Building Insurance
Air Conditioning
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Price Per Sqft Rank: 422th

Highest price per sqft out of 441 condos in Downtown

condo Values : -0.6%

Year over year change in values at 55 Centre Ave, Toronto

Avg. Price per Sqft : $724/sqft

Based on 2 recent sales at 55 Centre Ave, Toronto

Avg. Rent Price per Sqft : $3.62/sqft

Based on 12 recent rentals at 55 Centre Ave, Toronto

Area Comparison : -34.8%

Less expensive than The Core condos for sale

Avg. days on Market : 35 days

At the Chestnut Park

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About 55 Centre Ave, Toronto

With a home at 55 Centre Avenue, you’ll discover a lot of great places to grab a bite, such as Avenue Café and Bistro or Cafe Plenty. If you walk a bit further you can enjoy some eats at Hong Shing Chinese Restaurant or Ali Baba's. Fine dining can be found at Lai Wah Heen, about three-minutes away, or keep on walking another couple of minutes to the Eaton Centre for a wide range of eating and shopping options.
For all the groceries and ingredients you might need for a dinner party, you can swing by Longo’s on Elizabeth Street, The Kitchen Table and Lucky Moose Food Mart.
Although you’re in Toronto’s core, you’re just a short walk from Grange Park to the west where you can let your dog run around, as well as Queen’s Park to the north where you can go for a jog or sit under an ancient tree with your favourite novel.

If you are looking for transit, don't fear, 55 Centre Ave has a TTC BusStop (DUNDAS ST WEST AT CHESTNUT ST) only steps away. It also has (Bus) route 505 Dundas close by. ST PATRICK STATION - SOUTHBOUND PLATFORM Subway is also nearby. If you're driving from Chestnut Park, you'll have easy access to the rest of the city by way of Gardiner Expressway as well, which is within a 4-minute drive using Yonge St ramps.

Melissa Mepham
Sales Representative Inc., Brokerage