Year Built
1990
High-Rise Condo
Chestnut Park
by Chestnut Park Residences Inc.
55 Centre Avenue, Toronto, ON M5G 2H5
Total Units
137
Avg $/sqft
$626
Storeys
22
Available Units in Chestnut Park
2
Units for sale
From $369,000
1
Unit for rent
From $3,300/mo
Live MLS · Updated daily
Overview
Not every buyer on the hunt for Toronto condos for sale requires something shiny and new. Those who prefer to purchase a home that’s tried and true can look no further than Chestnut Park. After all, it was built in the 1990s — a decade whose styles have made quite a comeback.
Residents living at 55 Centre Avenue also share the building with a history-minded occupant. The Textile Museum of Canada is located in the building, as is its collection of artifacts that dates back nearly 2,000 years. Thankfully the museum is rather small, meaning residents aren’t bothered by hoards of tourists. The TMC takes up just 25,000 square feet of space in the building, and some even view it as an amenity in its own right.
Speaking of small, Chestnut Park is an intimately sized building, with only 137 units in all. The tower reaches to 22 storeys, and its masonry is a lighter tone than more traditional red brick structures, giving the robust building a softer side.
Although residents don’t access to too many flashy amenities, the homes at 55 Centre are generously sized — plus the City Centre neighbourhood is also stocked with everything one can ask for. Nevertheless, a 24-hour concierge is stationed in the building, and there’s plenty of visitor parking to go around.
Developer
Chestnut Park Residences Inc.
Year Built
1990
Property Type
High-Rise Condo
Storeys
22
Total Units
137
Management
City Sites Property Management Inc.
Amenities
Underground Parking
Security System
Rooftop Garden
Visitor Parking
Party Room
Bike Storage
24/7 Concierge
Price History
67 recordsLoading history…
Market Stats
Prices in Chestnut Park are up 5.1% compared to last year.
$626
Avg $/sqft
+5.1%
YoY change
31
Avg days on market
Location & Walkability
Walk Score
100/100
Daily errands on foot
Transit Score
100/100
TTC, GO, subway access
Bike Score
74/100
Bike lanes & infrastructure
Neighbourhood in Toronto
Bay Street Corridor
urban walkable convenient
Bay Street Corridor is a vibrant neighbourhood in Toronto. It offers a mix of urban living with easy access to amenities.
Median sale price is $468,000 Only one condo for sale No rental listings available
Toronto, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
What it costsAffordability
Median asking price
In Ontario
$716,900
Median monthly rent
In Ontario
$2,499
On the marketMarket snapshot
For sale
0
For rent
0
Recently sold
Sign in to see sold data
Recently leased
Sign in to see leased data
Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.
The honest readPros & cons
What people love
- Affordable compared to city median
- Great location for walking
- Access to good schools
Keep in mind
- Limited housing options for rent
- Prices are lower than city median but still significant
The feel of the placeLifestyle
Daily life here is active and convenient, with many services nearby. Residents enjoy a lively city atmosphere.
Great for first-time buyers young professionals
Within the boundaryWhat's nearby
The boundary
1.8 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
46
Parks
9
Playgrounds
67
Transit stations
16
Grocery stores
180
Restaurants
131
Cafés
16
Gyms
7
Libraries
21
Pharmacies
Counted across all 1.8 km² of Bay Street Corridor. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
7.2/10
Average rating of the 1 rated school in this area
4
Elementary
5
Secondary
St Joseph's College School
Catholic · Grades 9–12 · Toronto CDSB
7.2/107.6 over 5 yrs178th of 742 Ontario secondary schools
545 students · EQAO 2024-2025
Hospital for Sick Children - Eating
Public · Grades 9–12 · Toronto DSB
Not rated
Hospital for Sick Children - Medical EL
Public · Grades JK–8 · Toronto DSB
Not rated
Hospital for Sick Children-Substance Abu
Public · Grades 9–12 · Toronto DSB
Not rated
HSC Medical - SEC
Public · Grades 9–12 · Toronto DSB
Not rated
HSC Seizure Disorder
Public · Grades K–8 · Toronto DSB
Not rated
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Bay Street Corridor, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.
The peopleWho lives here
30,479
Population (2021)
1.8 km²
Area
16,677
People per km²
32
Median age
$64,561
Median income
31%
Own their home
1.6
People per household
18,040
Households
Every age
- Children (under 15)5.8%
- Working age (15–64)84.2%
- Seniors (65+)10.0%
What is built here
- Low-rise apartments1.1%
- High-rise apartments98.6%
Own or rent
31%Owners
69%Renters
Across 18,040 households
When it was built
Mostly 2016–2021
- 1960 or earlier3%
- 1961–198010%
- 1981–199014%
- 1991–200011%
- 2001–20056%
- 2006–201013%
- 2011–201519%
- 2016–202124%
Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.
- 43.1%
- Born outside Canada
- 69.4%
- Hold a degree or higher
- 59.2%
- Employment rate
- 22.5%
- Commute by transit
- 22.3%
- Commute by car
- 1.4
- Children per family
- $56,864
- Median income after tax
- $97,834
- Average household income
- 27%
- Living on a low income
- $2,032/mo
- Renters pay, per month
- $1,910/mo
- Owners pay, per month
- $836,655
- Median home value at census
- 58.8%
- Renters spending 30%+ of income on housing
- 47.7%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 22 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.
Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)
