55 Stewart Street is a unique glass palace, stunningly designed in its interior and exterior both, set in the heart of the King West neighborhood. Connected to a luxury hotel and featuring a total square footage of over 30,000 square feet, living at 55 Stewart Street comes with a high level of advantages that no resident would want to miss out on.
Originally built in 2010 by Freed Developments, the 55 Stewart Street building is overseen today by the Royale Grande property management company. Containing approximately 327 units and standing at fifteen storeys high, the 55 Stewart Street building’s inventory of suites is among the most diverse in all of Toronto with sizes alone ranging from 393 sq. ft. to the massive 7,617 sq. ft.
Among the first things you will notice when viewing 55 Stewart Street is its over-sized, alluring lobby which is subsequently also connected to Victoria Memorial Park. Browsing through the common space, one will also find that 55 Stewart Street has its own courtyard. Needless to say, there is no shortage of green in the immediate surroundings as it sits directly across the street from Victoria Memorial Park. Anyone living at 55 Stewart Street will feel like they are living the high life with access to a rooftop pool, an array of luxurious hotel amenities, a full service bar on the roof, personal trainers available, and even pet care facilities for when you go out of town. In addition to all of these top tier amenities, the building also has its own dry cleaning service on-site. Grocery delivery and housekeeping services are also available, freeing up time for you to pursue other interests.
The King West neighbourhood is very popular among Toronto’s social elite, who continue to seek it out as a home due to its proximity to work and nightlife. 55 Stewart Street is populated with many of these types, seeking to take advantage of the opportunities available in the city but who still want a safe, quiet place to live.
55 Stewart Street building amenities include a gym and exercise room, a common rooftop deck, a party room, BBQs, a parking garage, an enter phone system, a rooftop pool, concierge services, visitor parking and a meeting and function room. The building’s maintenance fees serve to cover common element maintenance, heat, and water.
The building maintains a perfect transit score of 100 out of a possible 100 and a walk score of 97 out of a possible 100. The nearby area is packed with numerous businesses including restaurants like the Thompson Diner, Le Select, Buca, Buca Bar, Jacobs Steakhouse, coffee via Collette Grand Cafe, bars like the Chill Ice House, groceries at the Kitchen Table, parks, schools, shopping, and more.
The average price per square foot for 55 Stewart Street is nearing $1000/sqft which might be a little less expensive than what one might expect for such a nice building. Overall though this is 8.6 percent more expensive than other King West condos, just to give an idea on the price difference. The annual growth rate however is strong with an increase in value of approximately 9.9 percent every year over the past five.
55 Stewart Street is a great investment as it puts a resident into a top-notch building, connects them to the King West grid of boutiques, restaurants, and entertainment, and provides them with strong TTC network to get them to other areas of the city. For example, there is the Bathurst streetcar to take a resident south to the waterfront or north to the Bloor subway. There is the King streetcar which will accommodate anyone heading deep into central Toronto. Union Station is only a short walk away as well which connects to the subway, VIA Rail, and the GO trains. Any drivers also need to head a few minutes south just to reach the Gardiner Expressway. This is a paradise for anyone trying to embed themselves as deep as they can into Toronto culture and what’s happening downtown.
If you’re looking for King West condos for sale, buying into the Thompson Residences and Hotel at 55 Stewart Street gets you an in-demand suite with sun-filled layouts, luxurious in-building amenities, and all the opportunities one can think of to entertain one’s self.