$3,150,000

For sale

#5508 180 University Avenue, Toronto (Bay Street Corridor) - Single Family for Sale

#5508 180 University Avenue, Toronto (Bay Street Corridor), Ontario, M5H0A2

3 beds3 baths2 parking1,900 ft²$2,333/mo condo feeListed 36 days ago

Overview

This 3-bedroom, 3-bathroom condo in Toronto is for sale offering roughly 1,900 sq ft of space. It has been on the market 36 days, fresher than the Toronto average of 60 days.

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Description

Perched high above the iconic Shangri-La Hotel Toronto within the exclusive Private Estates collection, this spectacular South-East corner residence offers an elevated living experience in one of downtown Toronto's most prestigious addresses. From sunrise over Lake Ontario to glittering evening views of the CN Tower and city skyline, every moment here is framed by breathtaking, unobstructed panoramas. Spanning nearly 1900 sq ft of impeccably designed space, this 2 bedroom + den suite blends refined elegance with modern comfort. A Boffi kitchen - complete with high-gloss lacquer cabinetry and premium Miele and Sub-Zero appliances - anchors the home, while herringbone hardwood floors, soaring 10-ft ceilings, and automated blinds create a seamless sense of sophistication throughout. The primary retreat is a true sanctuary, featuring a generous walk-in closet and a spa-inspired 5-piece ensuite wrapped in Carrara marble. A well-appointed second bedroom with its own ensuite ensures privacy for guests, while the separate den offers a refined and versatile space for a home office, or private guest accommodations. Step out onto the expansive balcony and take in the city from above - an ideal extension of your living space. Indulge in a fully serviced, hotel-inspired lifestyle with access to a 24-hour concierge & doorman, valet and chauffeur services, and the renowned Miraj Hammam Spa. Wellness amenities include a 24-hour fitness centre, yoga studio, and a 20-metre indoor lap pool with hot tub, infrared sauna, and steam rooms. Enjoy seamless access to the building's celebrated dining destinations including Bosk Restaurant, Mott 32 Toronto, the Lobby Lounge, along with in-suite dining and hotel bar service at your convenience. Complete with a rare two-car private garage with storage, complemented by private on-site automotive detailing services, this is a truly exceptional offering - where private estate living meets the effortless luxury of a five-star hotel. (id:66096)

Property Details

MLS®: C13840528
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 1,900 ft²
Basement: None
Heating: Forced air, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Fireplace: Yes
Pool: Yes
Condo Fee: $2,333/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Flat

Family room: 3.93 x 3.29 meters
Kitchen: 4.88 x 2.8 meters
Eating area: 3.32 x 1.8 meters
Living room: 4.33 x 3.96 meters
Dining room: 3.14 x 2.13 meters
Primary Bedroom: 5.55 x 3.57 meters
Bedroom 2: 3.54 x 3.26 meters
Den: 3.93 x 3.29 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Dishwasher, Wine Fridge, Range, Oven, Microwave, Cooktop, Oven - Built-In, Furniture, Window Coverings, Garage door opener remote(s)
Flooring: Hardwood
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

36d

Toronto (Bay Street Corridor) listings, avg age

60d

Price / ft²

$1,658

List price

$3.15M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Toronto (Bay Street Corridor) has been listed for 36 days, which is 24 days fresher than the city average of 60. Act while there is still low competition.

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Listed by UNION CAPITAL REALTY · ASHLEY LO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5H)

This home lists at $3,150,000, about 35.0× the local median household income of $90,000.

Carrying it typically needs a household income of about $615,305 (20% down, 25-yr amortization, stress-tested) — roughly 584% above the area median.

Median household income: $90,000
Population: 3,248
Median age: 31.4
Owner / renter: 36% / 64%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5H)

$3,150,000· $1,658/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $630,000

Min 20%50%

Mortgage payment$13,434/mo

Property tax (est.)$1,051/mo

Condo fee$2,333/mo

Total monthly$16,818

Cash Needed to Close

Down payment (20%)$630,000

Land transfer tax$130,450

Est. closing costs$11,950

Total cash needed$772,400

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