Opportunities of growth abound within one of Toronto’s most vibrant neighbourhoods. The live, work and play experience is embodied here. Ample pedestrian and vehicular traffic support retailers in the area, with the area’s expanding retail, office and residential offerings.
55 Ontario Street is centrally located within minutes from multiple forms of public transportation including the Queen and King Streetcars which provides access to the downtown core in less than ten minutes.
The Downtown East is experiencing a large development boom. With such great proximity to Toronto’s financial core, residential and office buildings are being constructed at a rapid rate, creating a popular destination for young professionals and millennials with disposable incomes.
In 2016, The Globe and Mail Centre (351 King Street East) opened at King and Berkeley, bringing nearly 500,000 sq. ft. of new office space to the neighbourhood. An additional 460,000 sq. ft. of office space is currently under construction at EQ Bank Tower and another 400,000 sq. ft. is under construction at 65 King East, where Google has leased the entirety of the office space. Nearly 600,000 sq. ft. more is proposed at the next phase of the King East Centre.
The neighbourhood has also seen an influx of condominiums in recent years. The population within 1 km of the site increased by 22.0% between 2015- 2020 and is projected to grow 15.8% between 2020-2025. There are currently 16 proposed/ under construction residential/office projects within a 500 metre radius of the site bringing a total of approximately 7,260 new units to the area.
The Property has exceptional access to public transit via the 504 King & 501 Queen TTC Streetcar routes. It is in between two arterial roadways, Richmond Street East and Adelaide Street East, both of which have dedicated bike lanes. The Financial Core is less than 10 minutes away via public transit, car and bicycle with access to the Don Valley Parkway nearby.
55 Ontario Street Highlights:
- Has a walkscore of 98/100: walkable EVERYWHERE
- 4 minutes walk from 503 Kingston and 504 King at King St East at Ontario St Stop
- Nearby schools include Westside Montessori School, Cadence Dance Academy and EdCetra Training Inc
- Located in the Moss Park neighbourhood in Toronto
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Maziar Moini Broker
Home Leader Realty Inc.