Property Description

Located at 55 Charles Street East, 55C Residences is a boutique condominium in the heart of Bloor-Yorkville, one of Toronto’s most prestigious and walkable neighbourhoods. Originally launched as a preconstruction project, 55C Residences is now completely sold out, with opportunities available exclusively through resale condominium units.

This refined development is known for its modern architecture, thoughtfully designed suites, and upscale urban lifestyle. For buyers who missed the original release, resale condos at 55C Residences offer immediate ownership in a completed building, without construction delays, in one of the city’s most desirable downtown locations.

Bloor-Yorkville resale condos

Refined Urban Living & Building Features

55C Residences was designed to deliver a sophisticated city living experience, combining elegant interiors with well-curated amenities. Suites were planned with efficiency and comfort in mind, offering a mix of studio, one-bedroom, two-bedroom, and three-bedroom layouts suited to professionals, students, and end-users alike.

Residents enjoy access to a full suite of lifestyle amenities, including a concierge-attended lobby, fitness centre, guest suite, private dining and party areas, study spaces, and relaxing lounges. An outdoor landscaped terrace with BBQ areas provides a welcome retreat above the city, while wellness-focused spaces such as steam rooms and a pet spa add everyday convenience.

At street level, select two-storey townhome residences with private terraces were integrated into the podium, adding a unique low-rise living option within a high-density urban setting.

Downtown Toronto resale condominiums

Prime Bloor-Yorkville Location & Nearby Resale Options

Positioned between Yorkville and the Church and Wellesley Village, 55C Residences places residents steps from world-class shopping, dining, and cultural attractions. The area is surrounded by upscale boutiques, cafés, restaurants, and everyday essentials, with CF Toronto Eaton Centre and the Royal Ontario Museum within easy reach.

Transit accessibility is exceptional. Bloor-Yonge Subway Station is just minutes away, connecting residents to both Line 1 and Line 2, while multiple TTC bus routes operate nearby. With a Walk Score of 99, daily errands can be completed entirely on foot, making car ownership optional.

The neighbourhood is also highly desirable for students and professionals, with the University of Toronto, Toronto Metropolitan University (Ryerson), and major downtown employment hubs all within close proximity.

Register Now to get access to the VIP Prices and Floor Plans of Exclusive condos in Yorkville, ON. Please click here and fill out the form and we will send you more info as soon as possible.

Is this Not the right location, city and type of house you are looking for? No problem, We may certainly find your dream home: Click here and fill out the “My Dream Home search in GTA” form and we will get back to you with relevant information.

In Your Best Interest – Start Smart with RE/MAX Team Paliwal

Before you step into any new home or condo sales centre, make sure you’re accompanied by a REALTOR® from RE/MAX Team Paliwal—especially on your first visit.

As builder-preferred agents, we’re paid directly by the builder, but we work exclusively for you—at absolutely no cost to you.

Why is this important?

Builder sales staff represent the builder, not you. That means important terms, hidden conditions, or missed incentives could slip through—costing you time and money.

With us by your side, you gain:

• Expert guidance throughout the selection and purchase process
• Negotiation power to secure the best price and terms
• Early VIP access to pricing, floor plans, and builder incentives
• Referrals to trusted professionals—top lawyers, lenders & banks

We’re independent REALTORS® with RE/MAX Realty Specialists Inc., Brokerage—your advisors, advocates, and partners in the journey.

Note: This service is offered to buyers not currently under contract with another REALTOR®.

FAQs

How do I reserve a unit or lot in this project?

Click on “Request Information” – Fill out the form and send us, We will send you more details so that you may select the suites or Lots you are interested in.

What does it mean that RE/MAX Team Paliwal -Gyanesh Paliwal is a “Platinum Agent”?

Platinum agents are the top-selling agents who get preferred status with developers and first access to new projects before regular agents and the public.

How does it benefit me as a buyer to work with RE/MAX Team Paliwal as my Platinum Agent?

Working with us as your Platinum agents give you several benefits

1. You get the highest level of access in the building or in the new home project.
2. You pay the lowest possible price for the unit or new home (prices are typically increased significantly after the Platinum sales event)
3. The best possible incentives and terms.
4. We the agents at RE/MAX Team Paliwal do not represent the builder. We represent you. You benefit from our expertise of being a top selling pre-construction agent and investor since 2007.
5. Access to our personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
6. Our services to you as a buyer are free

Do I get a cooling-off period? What is it for?

Yes, after you sign the contract to purchase a suite you will have a standard 10-day cooling-off period BUT only in case of high rise Condo units or Condo-Townhomes NOT when you buy Free Hold homes. It’s 10 calendar days, not business days from the time you sign.

The 10 days are primarily for 2 things: 1) to have a lawyer review your contract with you if you wish and 2) to get a mortgage pre-approval letter

Do I need to have a lawyer?

You don’t need to have a lawyer at the moment that you sign the agreement, however, we always recommend that you have a qualified lawyer review your agreement of purchase and sale after you sign and during your 10-day cooling-off period when you buy a Condo unit.

Do I need to have a mortgage pre-approval to buy?

95% of all builders will require you to provide them with proof of financing capability in order to purchase. This is not required before you sign a contract, but it is usually required within 30 to 60 days of signing.

Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that we may help you with. Contact us for more details.

Do the prices include HST?

 If you are purchasing for yourself and plan to move in, then yes, prices include the HST and there is no HST you will have to pay at final closing.

If you are purchasing as an investment, rental property, then you will have to pay approximately 7.8% of the purchase price as HST on final closing.

This money is remitted to the CRA and later on, we may help you and guide you as to how you can apply to the CRA immediately to get this money back. It usually takes about 1 to 3 months to get your rebate back.

What are my closing costs on a pre-construction condo or house?

Closing costs on a pre-construction condo or house will always be much higher than buying similar property under resale or existing ones. The closing cost of a brand new house or condo will depend on the actual purchase price of the unit/house you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit/house that you are buying.

Roughly speaking in Toronto you can expect to pay approximately 3-5% of the purchase price in closing costs when purchasing a brand new condo or house.

Contact RE/MAX Team Paliwal  for more details

Are there any ‘hidden’ costs when buying a pre-construction condo unit or home in Greater Toronto, Canada?

No, there are no hidden fees when buying pre-construction condos or houses because all fees must be disclosed in the agreement of purchase and sale. All purchasers must review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help you we can suggest to you to several expert law firms that will review your agreement in detail.

Is it possible to assign my condo or house? How much is the assignment fee?

Most condo or house builders do allow you to sell your unit/lot or house before its occupancy by you. This process is called selling by “assignment”.

There is usually an assignment fee and a legal fee associated with selling. Costs may range from $1000-10,000. Contact us for more details.

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