Chestnut Park

1 - About Chestnut Park

• Address: 55 Centre Ave, Toronto
• Neighbourhood: Bay Street Corridor, Downtown, Toronto
• Storeys: 22 floors
• Units: 137 units
• Built Year: 1990
• Builder: Chestnut Park Residences
• Building Type: High-Rise condo
• Suite Sizes: 549 sqft - 2253 sqft
• Average Price: $614 / sq. ft.

2 - Overview of Chestnut Park

Completed in 1990, Chestnut Park is a purpose-built 22-storey condominium tower in the Bay Street Corridor. This concrete and glass high-rise features a distinctive light-toned masonry exterior that creates a softer visual presence than traditional red brick construction found throughout downtown Toronto.

The architectural approach emphasizes understated elegance and long-term functionality over decorative flourishes. This design philosophy maintains a professional appearance while fitting naturally into the downtown streetscape near major civic intersections.

The Textile Museum of Canada occupies 25,000 square feet on the lower levels of the building, serving as a cultural anchor that enhances the property's sophisticated character and contributes to the established neighbourhood atmosphere.

3 - Suite Sizes & Value

Floor plans at Chestnut Park range from 549 to 2,253 square feet, offering variety for different lifestyle needs. The smaller units provide efficient layouts ideal for urban professionals, while the larger suites deliver the generous room sizes characteristic of developments from this era.

At an average price of $614 per square foot, Chestnut Park presents competitive value within the Bay Street Corridor market. The suites feature practical layouts with large windows that maximize natural light throughout the living spaces.

4 - Building Amenities & Features

• 24-hour concierge service
• Secured entry with concierge-staffed lobby
• Ample visitor parking
• On-site access to the Textile Museum of Canada

5 - Location Highlights

• Transit: Direct access to St. Patrick subway station and the underground PATH network
• Civic Sites: Positioned behind Toronto City Hall and Nathan Phillips Square, with proximity to Dundas Square
• Shopping & Culture: One block from the Eaton Centre, near the Art Gallery of Ontario and OCAD University
• Medical & Financial: Walking distance to the University Avenue hospital corridor and Financial District
• Dining: Close to Village by the Grange and restaurants including Avenue Café and Bistro, Café Plenty, and Lai Wah Heen

6 - Lifestyle Near Chestnut Park

The building attracts Financial District professionals, healthcare workers from the nearby hospital hub, and academics from local institutions. Chestnut Park offers a more residential environment compared to tourist-heavy areas of downtown, while maintaining immediate access to major employment centres.

Residents enjoy a quieter urban lifestyle with cultural amenities at their doorstep. The location balances professional convenience with access to Toronto's arts and entertainment districts, creating an ideal setting for discerning downtown living.

7 - About the Developer

Chestnut Park Residences developed this 22-storey condominium in 1990. Public records provide limited documentation of other significant projects or an extensive development portfolio under this specific company name within the Toronto residential market.