55 Ontario Street
Currently under construction, East 55 Condos boasts 25 storeys and hosts 276 residential units, developed by Lamb Development Corp. and Hyde Park Homes. 55 Ontario Street is located in Downtown East, a neighbourhood characterized by brick-and-beam office space, high-end furniture stores, independent restaurants and trendy coffee shops & bars.
Starting From $1,650,000+
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.
Maziar Moini Broker of Record
Home Leader Realty Inc.
Last Update November 1, 2020
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
416-599-9599 ext:150 Cell : (647) 699-5900
HomeLeaderRealty.com
ListOfCondo.com
LocateCondo.com
Privacy Policy
Abeja District Condos 3 
