East 55 Condos

1 - About East 55 Condos

• Address: 53 Ontario St & 55 Ontario St, Toronto
• Neighbourhood: Moss Park, Downtown Toronto
• Storeys: 25
• Units: 276
• Built Year: 2022
• Builder: Lamb Development Corp (LDC)
• Building Type: High-Rise condo
• Suite Sizes: 426 sqft - 2243 sqft
• Average Price: $1,003 / sq. ft.

2 - Overview of East 55 Condos

East 55 Condos stands as a 25-storey tower completed in 2022, marking a significant addition to Toronto's Downtown East landscape. The architectsAlliance-designed building embraces a minimalist "less is more" philosophy, creating a striking new construction that reshapes the Ontario Street corridor.

The building's exterior showcases a sophisticated monochromatic design, combining white precast concrete with black obsidian brick to achieve bold geometric lines and a contemporary profile. This modern aesthetic helps establish East 55 as a landmark within the evolving Moss Park neighbourhood, representing the area's transformation from its industrial heritage to a vibrant residential community.

With 276 thoughtfully designed units, East 55 Condos demonstrates Lamb Development Corp's commitment to bringing modern urban living to emerging Toronto neighbourhoods.

3 - Suite Sizes & Value

East 55 Condos offers diverse living options with suite sizes spanning from compact 426 square feet studios to expansive 2,243 square feet multi-bedroom residences. The building's range of floor plans caters to various lifestyle needs, from young professionals seeking efficient downtown living to families requiring more spacious accommodations.

Average Price: $1,003 / sq. ft. reflects the building's positioning as a premium new-construction development in Downtown East. This competitive pricing considers the tower's 2022 completion, modern amenities, and strategic location between the Financial District and St. Lawrence neighbourhood, offering residents excellent value for contemporary urban living.

4 - Building Amenities & Features

• Gym and Fitness Centre: Fully equipped facility for strength training and cardiovascular workouts
• Outdoor Swimming Pool: Seasonal swimming facility for resident recreation
• Sundeck and Outdoor Terrace: Elevated outdoor spaces perfect for relaxation and social gatherings
• 24/7 Concierge: Round-the-clock security and comprehensive resident services
• Party Room and Dining Room: Private interior venues for entertaining and special events
• Outdoor Patio and Dining Area: Open-air spaces designed for outdoor dining and community interaction
• On-site Laundry and Storage: Convenient facilities including laundry services and additional storage solutions
• Visitor Parking: Dedicated parking spaces for guest convenience

5 - Location Highlights

• Transit: 100/100 Transit Score providing excellent connectivity through the Sherbourne St at Adelaide St East bus route, with the Gardiner Expressway just two minutes away
• Walkability: 98/100 Walk Score positioned strategically between the historic St. Lawrence and dynamic Moss Park neighbourhoods
• Dining: Walking distance to popular establishments including Banknote Bar Corktown, Motorino Citta, and Mengrai Gourmet Thai
• Essentials: Convenient access to Select Fine Food grocery store and nearby Tim Hortons for daily needs

6 - Lifestyle Near East 55 Condos

The area surrounding East 55 Condos represents one of Toronto's most exciting urban growth stories, often drawing comparisons to New York's transformed Lower East Side. This neighbourhood successfully blends preserved industrial architecture with contemporary residential developments, creating a unique character that appeals to urban professionals.

The location offers exceptional transit accessibility, making it ideal for residents who work in the city centre but desire a more affordable alternative to core downtown living. The community benefits from proximity to the established St. Lawrence Market area while enjoying the emerging cultural scene and seasonal public events that define this walkable urban environment.

7 - About the Developer

Lamb Development Corp (LDC), established in 2001 by Brad J. Lamb, has built a reputation for developing distinctive urban projects including gläs, Parc, and Theatre Park. For East 55 Condos, LDC collaborated with Hyde Park Homes and Fortress Real Developments to bring this vision to life.

Hyde Park Homes contributes over 50 years of development expertise across the Greater Toronto Area, bringing seasoned knowledge to the partnership. LDC's strategic approach focuses on identifying emerging neighbourhoods with strong potential, transforming underutilized areas into thriving residential communities that enhance Toronto's urban fabric.