$518,000Asking Price
55 Centre Avenue 1402, Toronto, ON M5G 2H5 #1402
Bay Street Corridor, Toronto
Rare turnkey investment opportunity in the heart of downtown Toronto! Professionally converted with city-approved permits and renovations from a spacious 1+Den into a highly functional 3-room furnished rental, ideally suited for students attending U of T, Toronto Metropolitan University, and nearby hospitals. Recent upgrades include new flooring, fresh paint, partition walls, an additional bedroom, and upgraded smoke detectors. Bright corner suite with over 800 sq. ft., large windows, generous storage, 1 underground parking space, and maintenance fees include all utilities except hydro. Steps to University Avenue, Dundas Street, Eaton Centre, TTC, hospitals, restaurants, and countless downtown amenities. Excellent income potential-contact the listing agent for rental history and projections and investment details.
Rare turnkey investment opportunity in the heart of downtown Toronto! Professionally converted with city-approved permits and renovations from a spacious 1+Den into a highly functional 3-room furnished rental, ideally suited for students attending U of T, Toronto Metropolitan University, and nearby hospitals. Recent upgrades include new flooring, fresh paint, partition walls, an additional bedroom, and upgraded smoke detectors. Bright corner suite with over 800 sq. ft., large windows, generous storage, 1 underground parking space, and maintenance fees include all utilities except hydro. Steps to University Avenue, Dundas Street, Eaton Centre, TTC, hospitals, restaurants, and countless downtown amenities. Excellent income potential-contact the listing agent for rental history and projections and investment details.
See MoreKey Info
- Apartment Condo
- 1 Parking
- Dundas St & University Ave
- 800-899 Approximate Sq Feet
- South Exposure
- No Balcony
- Ensuite Laundry
- Owned Locker
- Forced Air Gas Heating
- Central Air
Property
- $1,039 Monthly Condo Fees
- Includes: Heat, Water, Central A/C, Common Elements, Building Insurance, Parking.
- Excludes: Hydro, Cable TV
- Taxes were $2,547 in 2026
- Possession: Flexible
Details
- Brick Exterior
- No Fireplace
- 1 Kitchen
- Condo Corporation #868
- Condo Registry Office: MTCC
- MLS #C13517504
- CENTURY 21 ATRIA REALTY INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Foyer | Main | 8.33' x 6.50' | Large Closet, Tile Floor |
| 2 | Kitchen | Main | 8.50' x 5.74' | Built-in Appliances, Galley Kitchen, Tile Floor |
| 3 | Den | Main | 13.45' x 10.50' | Large Window |
 | 1 4-Piece Bathroom on Main Floor | |||
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Who lives here?
Bay Street Corridor, Toronto is a central Toronto neighbourhood notable for its singles, renters, university grads and business, science, health and education, law & public sector professionals. It has a higher than average population of immigrants from China, and Arabic and Mandarin speakers. Residents tend to be younger with a significant number of youth aged 20 to 24 and adults aged 25 to 39.
Families
Kids Per Family
0.6
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
62%
of residents are
single and loving it.
62% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
68%
of residents
are renters.
68% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
78%
of residents are
university grads.
78% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$99K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Government | 13% |
| Business | 12% |
| Sciences | 9% |
| Sales | 9% |
| Health | 8% |
Immigrants
42%
of residents were
born outside of Canada.
42% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
8.8% from China
All-time
Birthplace - Recent
3.6% from China
Recent
Foreign Languages
Foreign Languages
| Mandarin | 15% |
| Arabic | 5% |
| Cantonese | 5% |
| Korean | 4% |
| Persian | 3% |
Religions
Religions
| Christian | 38% |
| Muslim | 10% |
| Jewish | 4% |
| Hindu | 4% |
| Buddhist | 4% |
Social Housing
Social Housing Buildings
3
Social housing buildings
in the neighbourhood.
Shelters
Shelters
1
Homeless shelters in
the neighbourhood.
