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    Toronto / Downtown / King West

    707 - 55 Stewart St

    For SaleThe Thompson Residences
    4.7
    $1,249,900
    2 Beds + 1
    2 Bath
    1 Parking
    1,200 SQFT
    1 Day on Strata
    Est Sell Timeframe
    9 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Property Type:
    Condo
    Maintenance Fees:
    $1,166/mth
    Taxes:
    $5,612 (2025)
    Cost Per Sqft:
    $1,042/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    30/60
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    No Data
    Heating
    Heat Pump

    Room Dimensions

    Living
    Wood Floor, Walkout To Balcony, Pot Lights
    22.15 x 13.48ft
    Dining
    Wood Floor, Open Concept, Combined with Living
    22.15 x 13.48ft
    Kitchen
    Modern Kitchen, Stone Counter, Built-in Appliances
    11.98 x 10.27ft

    About this Listing

    Welcome to the prestigious 550 Wellington, one of Toronto's most sought-after residences, where luxury and sophistication meet in the heart of the city. Experience unparalleled urban living with exclusive access to world-class 1Hotel amenities including 5-star restaurant and bar right at your doorstep. This impeccably renovated suite boasts just under 1,200 square feet of modern, open-concept living space, designed for both comfort and style. Featuring soaring 9-foot ceilings, elegant pot lighting, and premium finishes throughout, every detail has been carefully curated for a refined living experience. The sleek kitchen is adorned with Caesarstone countertops and backsplash, while the spa-inspired bathroom showcases high-end Kohler bath systems. Enjoy the convenience of Lutron home automation, allowing you to control lighting, climate, and more with ease. Custom built-ins provide ample storage solutions, seamlessly blending functionality with design, while a thoughtfully integrated Murphy bed enhances versatility. This rare offering is truly a must-see for those seeking the perfect blend of luxury, convenience, and modern elegance in one of Toronto's most coveted addresses.

    royal lepage terrequity portfolio realtyMLS® #C11997439

    Amenities

    Indoor Parking
    Bike Storage
    Gym Room
    Concierge
    Outdoor Pool
    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
    26
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    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
    5.2
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    22nd
    Highest price per SQFT out of 112 condos in the King West area

    Sold Units

    19
    Units were Sold over the past twelve months

    Rented Units

    41
    Units were Rented over the past twelve months

    Best Value Rank

    The Thompson Residences offers the
    ?
    best value out of 112 condos in the King West neighbourhood

    Appreciation Rank

    The Thompson Residences has the
    ?
    highest ROI out of 112 condos in the King West neighbourhood

    Rental Yield

    The Thompson Residences yields the
    ?
    highest rent prices out of 112 condos in the King West neighbourhood

    High Demand

    The Thompson Residences is the
    ?
    most popular building out of 112 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$600,000 - $1,150,000$780,000 - $1,150,000$1,090,000 - $2,389,000$1,183,000 - $1,975,000$2,005,000No Data
    Avg. Cost Per Sqft$432$1,091$1,131$1,128$1,097$1,210No Data
    Avg. Wait for Unit Availability268 Days38 Days70 Days108 Days91 Days976 DaysNo Data
    Ratio of Units in Building8%42%20%15%15%2%1%

    Transactions vs Inventory

    Total number of units listed and sold in King West