Freed Developments is well known for its part in transforming the King West neighbourhood into the mid-rise mecca it is today and along with that transformation came The Thompson Hotel. Completed in 2010, the hotel (and attached condos) has become a local hotspot with a rooftop patio boasting a spectacular view of the city, the Thompson Diner with its art deco exterior and Scarpetta's mouth-watering menu.

This unit on the seventh floor of 55 Stewart Street is a great bachelor/bachelorette pad that would suit someone either just starting out or looking to downsize, but has compact pieces of furniture so as to not overpower the space. The layout has been designed by the current owner to function well as a live/work space with the built-in desk occupying a nook that could have otherwise created an awkward corner to outfit.

The seventh is also the only north-facing floor to have balconies that run the entire length of the unit, are slightly recessed to add some privacy and are outfitted with tiling versus a bland concrete slab. The floor-to-ceiling windows also add a ton of light and allow you to open and extend your home to the terrace in the summer months.

A perk of living at 55 Stewart is that you're also provided the same services and amenities as hotel guests meaning you can set up an account (credit card kept on file) with the hotel and have room service delivered to your door or dine at one of the restaurants and simply charge it.

SPECS:

• Address: 55 Stewart Street
• Price: $439,900
• Sq Ft: 641
• Bedrooms: 1
• Bathrooms: 1
• Taxes: $2,373.40 (2013)
• Parking: 1 underground
• Maintenance: $422.12

NOTABLE FEATURES:

• Built-in closets
• 24-hour concierge
• infinity rooftop pool
• water hook-up on balcony
• storage locker

GREAT FOR:

The young and trendy area and just the right amount of space at a fair price make this a great place for the first-time buyer. If you've got an active social life King West is a great neighbourhood to call home with places like Wvrst, Rodney's Oyster Bar, Jimmy's Coffee and the Foggy Dew skipping distance away. If your idea of fun is more on the side of clubs there are places like Cobra (with a dance floor ceiling reminiscent of 70s disco decor), Uniun (formerly Devils Martini) and the recently revamped 2Cats are also in close proximity.

MOVE ON IF:

You're close to the point of not wanting to be near downtown. Though King West does have its moments of serenity the weekends can get a little loud these days, so if you're looking for mostly peace and quiet this may not be the right fit.

Read other posts in this series via our Toronto Condos and Lofts Pinterest board.

Photos courtesy of Bofei Cao