55 Ontario St #607, Toronto

Name: 55 Ontario Street, Unit 607
SKU: C13604074
Price: 519000 CAD
Availability: InStock

1 Bed, 1 Bath Condo in Toronto

Unit 607 at 55 Ontario Street

Experience the best of downtown living in this thoughtfully designed 540 sq.ft. 1 bedroom condo, where style meets everyday convenience. The bright, open-concept layout extends seamlessly to a spacious 112 sq.ft. balcony complete with a gas BBQ hookup - perfect for morning coffee, evening cocktails, or effortless entertaining. The modern kitchen features a gas stove, while the spacious bathroom offers both comfort and style. Energy-efficient smart lighting in the principal rooms can be controlled from your mobile device, allowing you to adjust brightness and set timers with ease. Complete with 1 underground parking space and 1 storage locker, this home also offers outstanding building amenities. An example of some amenities residents enjoy include: a 24-hour gym, outdoor pool, and party room overlooking the pool. Ideally located just steps from St. Lawrence Market, TTC streetcars, restaurants, shopping, and with easy access to major highways, this is an exceptional opportunity for first-time buyers, investors, or professionals seeking the best of Toronto's vibrant downtown lifestyle.

1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $1,038 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 55 Ontario St #607

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 500-599 sq ftas stated on the listing
Parking: 1 spaceYes garage
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 1

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

55 Ontario St #607 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Jul 24, 2026For saleListedThis listingMLS® C13604074$519,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 55 Ontario St #607 Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Above Market· based on 16,089 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $840,000
Average sold price: $1,080,530
Average days on market: 32
Homes sold: 9,287

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$840,000Last 90 days
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5105.6%On average, homes sold at or above asking.
Active listings12,454Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 2 – Jul 31, 2026.

Based on 9,287 sales from Jul 31 – Oct 29, 2026 (6,995 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 607 — 55 Ontario Street 1 bd · 1 ba · 500 sqft	$519,000asking	$1,038	—	—
195 McCaul Street 1 bd · 1 ba · 600 sqft
725 King Street 1 bd · 1 ba · 600 sqft
500 Wilson Avenue 2 bd · 2 ba · 500 sqft
28 Empress Avenue 2 bd · 2 ba · 1,000 sqft
1801 O'Connor Drive 2 bd · 1 ba · 700 sqft
30 Nelson Street 1 bd · 1 ba

195 McCaul Street
1 bd · 1 ba · 600 sqft
725 King Street
1 bd · 1 ba · 600 sqft
500 Wilson Avenue
2 bd · 2 ba · 500 sqft
28 Empress Avenue
2 bd · 2 ba · 1,000 sqft
1801 O'Connor Drive
2 bd · 1 ba · 700 sqft
30 Nelson Street
1 bd · 1 ba

More in this building

5 for sale · 9 for rent at 55 Ontario St — plus its sale and lease history.

See all of 55 Ontario St

Living in Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

King StationLine 11.1 km13 min walk
Queen StationLine 11.1 km13 min walk
TMU StationLine 11.2 km15 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

King Station (Line 1)13 min walk
Queen Station (Line 1)13 min walk
TMU Station (Line 1)15 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

King Station
1.1 km13 minClosest· Line 1
Homes near King Station
Queen Station
1.1 km13 min· Line 1
Homes near Queen Station
TMU Station
1.2 km15 min· Line 1
Homes near TMU Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 55 Ontario St #607. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 55 Ontario St #607

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $2,550; 20% down · 25 years · 5.5% assumed
Property tax: $285; 0.66% mill rate · ON
Total per month: $2,835; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$2,550

/mo

based on the purchase price of $519,000

Down payment20%

$103,800 cash

Amortization25 yr

$415,200 financed

Rate5.50%

$349,707 total interest

Principal54%$415,200

Interest46%$349,707

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

Book a tour of 55 Ontario St #607 with a licensed buyer's agent

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Zara · AI virtual agent

Ask about 55 Ontario St #607 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.

A licensed local agent

Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.

Find an agent (905) 553-8500 (main line)

Questions About 55 Ontario St #607

How much is 55 Ontario St #607 listed for?

55 Ontario St #607 is listed at $519,000 (MLS® C13604074). Summitly updates the price as soon as the MLS® record changes.

Is $519,000 a good price for 55 Ontario St #607?

Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 55 Ontario St #607 changed?

No — 55 Ontario St #607 is still listed at its original asking price of $519,000.

How many bedrooms and bathrooms does 55 Ontario St #607 have?

55 Ontario St #607 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.

Is 55 Ontario St #607 close to transit?

The nearest rapid-transit station is King Station (Line 1), about 1.1 km (about a 13-minute walk) in a straight line. Queen Station is about 1.1 km (about a 13-minute walk), and TMU Station is about 1.2 km (about a 15-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 55 Ontario St #607?

About $2,550 a month — principal and interest on $519,000 with 20% down ($103,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 55 Ontario St #607 compare with other homes in Toronto?

Its asking price of $519,000 is about 38% below the median sold price in Toronto over the last 90 days, $840,000, across 9,287 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 55 Ontario St #607 been sold before?

Summitly has no earlier MLS® sale or lease of 55 Ontario St #607 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 55 Ontario St #607?

55 Ontario St #607 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 55 Ontario St #607 been on the market?

97 days — 55 Ontario St #607 was listed on July 24, 2026.

What is the price per square foot of 55 Ontario St #607?

About $866 to $1,038 per square foot: the asking price of $519,000 over the 500–599 sq ft the listing gives as its size range.

Does 55 Ontario St #607 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know