2304-55 Centre Avenue, Toronto, ON
Bay Street Corridor, Toronto · MLS® C13849934
About this home
In short
- An Affordable Opportunity In The Heart Of Downtown Toronto! Welcome to 55 Centre Ave #2304, where downtown ownership is within reach.
- Located in the sought-after Bay Street Corridor, this approximately 589 sq. ft. suite offers a functional layout with hardwood floors, bright bedrooms with a large...
**An Affordable Opportunity In The Heart Of Downtown Toronto!** Welcome to 55 Centre Ave #2304, where downtown ownership is within reach. Located in the sought-after Bay Street Corridor, this approximately 589 sq. ft. suite offers a functional layout with hardwood floors, bright bedrooms with a large bay window, good size living area, a separate dining area, galley kitchen, 4-piece bath and in-suite laundry. Currently configured with two compact bedrooms, the flexible layout offers options to suit your needs, whether you're looking for a downtown home, a work-from-home setup or an investment opportunity. Prefer a more open feel? Remove the existing partition wall to create a more spacious one-bedroom layout. An unbeatable central location just steps to St. Patrick subway station, U of T, Toronto Metropolitan University, the Financial District, major hospitals, Chinatown, Eaton Centre, restaurants and everyday conveniences. Enjoy the best of downtown living with the freedom to make the space your own. A great opportunity for first-time buyers and investors alike!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13849934
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 1
- Size
- 500-599 sq ft
- Cross streets
- University Ave and Dundas St West
- Parking
- 0 parking
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Concrete
- Foundation
- Unknown
- Roof
- Unknown
- Maintenance
- $676/mo
- Exposure
- West
- Property tax
- $2,010 / 2026
- Days on market
- 18
- Listing brokerage
- KELLER WILLIAMS PORTFOLIO REALTY
Rooms
large window · closet
large window · hardwood floor
hardwood floor · combined w/dining
combined w/living · hardwood floor
ceramic floor · b/i dishwasher
ceramic floor · 4 pc bath
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price readThe assigned public school is Orde Street Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest condo apartment listings on the market.
Per square foot, these ask about $899/sqft; this home lists at $672/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Bay Street Corridor, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $295,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,632
- Property tax
- $168
- Condo / maintenance fees
- $676
- Heating
- $0
- Estimated monthly cost
- $2,476
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,010
- Toronto municipal land transfer tax
- $4,010
- Estimated closing costs
- $8,020
Plus your down payment of $73,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $97,933
- Principal paid down
- $36,068
- Interest paid
- $61,865
- Balance remaining
- $259,132
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KELLER WILLIAMS PORTFOLIO REALTY. MLS®/PropTx.