The Residences of 555 Yonge Street

1 - About The Residences of 555 Yonge Street

• Address: 555 Yonge St, Toronto
• Neighbourhood: Church-Yonge Corridor, Downtown Toronto
• Storeys: 9
• Units: 120
• Built: 1996 (Conversion of a 1968 office building)
• Builder: Beaverhall Homes and Graywood Developments
• Building Type: Mid-Rise condo conversion
• Suite Sizes: 389 sqft – 1016 sqft
• Average Price: $709 / sq. ft.

2 - Overview of The Residences of 555 Yonge Street

The Residences of 555 Yonge Street represents a successful transformation of a 1968 office building into a residential condominium, completed in 1996. This nine-storey conversion maintains an appealing mid-rise character while offering modern urban living in downtown Toronto.

The building's concrete and glass exterior features horizontal windows and a distinctive raised front atrium, creating an architectural bridge between the bustling commercial energy of Yonge Street and the more intimate residential atmosphere of the Church-Wellesley neighbourhood. Ground-level retail amenities, including a Scotiabank branch and Tim Hortons, enhance the building's urban convenience and street-level activity.

3 - Suite Sizes & Value

Residences range from efficient 389-square-foot studios to spacious two-bedroom layouts exceeding 1,000 square feet. Interior features include nine-foot ceilings, well-designed enclave kitchens, and the convenience of in-suite laundry facilities.

Positioned as an accessible entry point to the desirable Church-Yonge Corridor, the building offers compelling value with an Average Price: $709 / sq. ft., providing residents with more square footage compared to newer glass tower developments in the area.

4 - Building Amenities & Features

• Fitness Facility: Gym and sauna
• Social Spaces: Billiards party room for gatherings
• Security: Integrated building security system
• Outdoor Amenities: Rooftop deck with outdoor garden patio and lounge area
• Parking: Underground parking garage

5 - Location Highlights

• Transit: Wellesley subway station (Yonge-University line) and Wellesley Street bicycle lanes
• Education & Sites: Toronto Metropolitan University, University of Toronto, and the Eaton Centre
• Parks: James Canning Gardens and Alexander Street Parkette
• Health & Services: Women's College Hospital, Wellesley Animal Hospital, and Rexall pharmacy

6 - Lifestyle Near The Residences of 555 Yonge Street

The Church-Yonge Corridor attracts a vibrant community of students and young professionals who appreciate the neighbourhood's dynamic urban energy. The location provides excellent walkability and convenient access to the entertainment district near Yonge-Dundas Square.

Church Street offers an extensive selection of restaurants and nightlife venues, while strategically placed residential parkettes provide welcome green spaces within the downtown core, creating a balanced urban living experience.

7 - About the Developer

Beaverhall Homes and Graywood Developments successfully executed the conversion of 555 Yonge Street, transforming the original 1960s office structure into a thoughtfully designed residential mid-rise building. This development responded to growing housing demand in the Church-Wellesley neighbourhood during the mid-1990s, demonstrating the developers' ability to adapt existing urban infrastructure for modern residential living.