1503 - 50 Lombard Street

Introducing an exceptional opportunity to acquire an apartment for sale in Toronto , located at the prestigious address of 50 Lombard Street, Toronto. This remarkable condo apartment, nestled within the vibrant Church-Yonge Corridor, boasts a prime location that is both convenient and desirable. Spanning an impressive 750 square feet, this one-bedroom unit has been thoughtfully updated to create a modern living space that is both stylish and functional.

As you enter this apartment for sale in Toronto, you will immediately notice the sleek, reimagined kitchen. The space-efficient design features new quartz countertops, complemented by elegant porcelain floor tiles that add a touch of sophistication. Over-the-counter lighting illuminates the kitchen beautifully, while new appliances, a contemporary sink, and a stylish faucet enhance the overall aesthetic. The addition of a chic backsplash further elevates the kitchen's appeal, making it a delightful space for culinary endeavours.

The apartment consists of a total of four rooms, including a generously sized bedroom that has been fitted with new built-in closets and shelving, providing ample storage solutions. The solarium, which has been opened up by previous owners, offers versatility and can be utilised as a guest accommodation area, an office, or even a cosy TV room. This thoughtful design maximises the use of space, ensuring that the apartment is both practical and inviting.

At 50 Lombard Street, Toronto, residents can enjoy the comfort of central air conditioning, ensuring a pleasant atmosphere throughout the year. Although there is no fireplace or central vacuum system, the apartment is equipped with internet access, making it ideal for both work and leisure. The bathroom is well-appointed, offering convenience and comfort, while the absence of a den and family room does not detract from the overall appeal of this unit.

The building, known as "The Indigo," is a well-maintained and well-managed condominium that offers a range of amenities to enhance your living experience. Residents benefit from a concierge service, a robust security system, and access to a gym, party/meeting room, and a recreational room. The rooftop garden provides a serene escape from the hustle and bustle of city life, while visitor parking ensures that your guests are accommodated with ease. This apartment for sale in Toronto truly embodies the essence of urban living, providing a home-like atmosphere within a vibrant community.

The location of 50 Lombard Street, Toronto, is another significant advantage. With excellent access to the Toronto Transit Commission (TTC), commuting to the financial district or exploring the city's many cafes, restaurants, and cultural attractions is effortless. The renowned St. Lawrence Market is just a stone's throw away, offering a delightful selection of fresh produce and artisanal goods, perfect for those who appreciate the finer things in life.

While this apartment does not come with a garage space or additional land, the underground garage provides secure parking options for those who require it. The absence of a pool may be a consideration for some, but the numerous amenities and the vibrant community atmosphere more than compensate for it.

In summary, this apartment for sale in Toronto at 50 Lombard Street, Toronto, is an outstanding opportunity for anyone seeking a modern, stylish living space in a prime location. With its thoughtful updates, excellent amenities, and proximity to the best that Toronto has to offer, this unit is a must-see. Embrace the urbane lifestyle that awaits you in this exceptional condo apartment, where comfort and convenience meet in perfect harmony. Don't miss out on the chance to make this your new home!

The Church-Yonge Corridor, nestled in the heart of Toronto, is a vibrant and dynamic geographic area renowned for its bustling urban atmosphere and diverse offerings. This neighbourhood is characterised by a striking skyline, featuring a mix of modern high-rises and historic buildings, and is a hub for both business and leisure. Residents enjoy easy access to a plethora of amenities, including trendy cafes, eclectic shops, and a rich array of cultural attractions, such as theatres and art galleries. With its excellent public transport links, the Church-Yonge Corridor is well-connected to the rest of the city, making it an ideal location for those seeking the excitement of urban living while still enjoying a sense of community amidst the hustle and bustle.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. Within just 0.6 km, you'll find the Downtown Alternative School, a public institution offering grades JK to 8 with a commendable school rating of 8.4. Also nearby is the Kapapamahchakwew - Wandering Spirit School, which serves grades 9 to 12, although it currently has a rating of 0. St. Michael Catholic School, another elementary option, is located 0.7 km away and has a rating of 6.6. For families seeking French-language education, Ryerson Community School, 2.1 km from the property, offers grades JK to 8 with a rating of 4.6. Additionally, St. Joseph's College School, a Catholic high school with a rating of 7.2, is 1.7 km away, and St. Mary Catholic School, which serves grades JK to 4, is located 2.4 km from the property with a rating of 5.9. Overall, the area boasts a diverse range of schools, ensuring quality educational options for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,212 residents, with an average household size of 1.6 individuals. The demographic profile indicates a relatively young population, with an average age of 38.2 years. The average household income is notably high at $106,000, although 14.6% of the population falls under the low-income category. The real estate market reflects a significant average property price of $775,000, with 86.33% of housing being condominiums. The community is characterized by a high percentage of renters at 58.27%, and a substantial portion of the population is single, comprising 55.95%. Families with children make up 18.18% of households. The area is also diverse, with 47.17% of residents being immigrants. Education levels are impressive, with 79.31% of the population holding a college or university degree. However, 22.17% of residents are not participating in the labor force, indicating potential challenges in employment opportunities. Overall, this neighborhood presents a blend of young, educated individuals, a significant rental market, and a diverse community, making it an intriguing area for potential homebuyers and investors.