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    Toronto / Downtown / King West

    701 - 55 Stewart St

    For RentThe Thompson Residences
    $4,400/mth
    2 Beds + 1
    2 Bath
    1 Parking
    1,200 SQFT
    17 Days on Strata
    Est Lease Timeframe
    9 Days

    Listing History

    Unit Highlights

    Possession Date:
    December 15, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    South West
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Room dimensions are not available for this listing.

    About this Listing

    Welcome to the Private Residences above Toronto's hottest new hotel, "1 Hotel" (formerly Thompson Hotel). This light-filled 2 bedroom plus den suite offers over 1200 sqft of prime living space, encapsulating the essence of luxury loft living in the heart of King West. The suite features a spacious open concept layout with a modern kitchen equipped with stainless steel appliances, ample cabinet space, and a centre island, all under the glow of south-facing floor-to-ceiling windows. Residents gain exclusive access to unparalleled amenities, including the famed rooftop pool offering breathtaking city views, a state-of-the-art gym, and round-the-clock concierge services. The suite's urban chic design is highlighted by exposed concrete ceilings and an industrial vibe that perfectly complements the vibrant King West lifestyle. The primary bedroom serves as a private retreat with balcony access, a 5 pc ensuite, and a walk-in closet. Stepping outside, the dynamic King West neighbourhood awaits, renowned for its premium entertainment, dining, and shopping offerings. Additional building luxuries encompass multiple restaurants, a party room, and a business centre, ensuring every need is met with sophistication.This suite is not just a living space but a statement of refined urban living, offering a seamless blend of style, comfort, and exclusivity at one of Toronto's most coveted addresses.

    ExtrasSs Fridge, Stove, Microwave, B/I Dishwasher, Washer/Dryer. 1 Parking Spot And 1 Locker.

    strata real estateMLS® #C10411599

    Amenities

    Party Room
    Outdoor Pool
    Concierge
    Gym Room
    Sauna
    Guest Suites

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    The Thompson Residences vs The King West Area

    Building Trends At The Thompson Residences

    Days on Strata

    Units at The Thompson Residences spend an average of
    28
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    5.3
    YEARS before being sold again

    Property Value

    -10%
    Decrease in property value within the past twelve months

    Price Ranking

    11th
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    22
    Units were Sold over the past twelve months

    Rented Units

    38
    Units were Rented over the past twelve months

    Best Value Rank

    The Thompson Residences offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    The Thompson Residences has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    The Thompson Residences yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    The Thompson Residences is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 55 Stewart Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$495,000$464,000 - $1,150,000$780,000 - $1,150,000$1,090,000 - $2,389,000$1,183,000 - $1,975,000$1,500,000 - $2,005,000No Data
    Avg. Cost Per Sqft$432$1,098$1,110$1,133$1,061$1,201No Data
    Avg. Wait for Unit Availability268 Days37 Days67 Days106 Days90 Days586 DaysNo Data
    Ratio of Units in Building8%42%20%15%15%2%1%

    Transactions vs Inventory

    Total number of units listed and leased in King West