$1,700,000 - 1080 Bay Street Unit 5301, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Bay Street Corridor
- MLS Number
- C13652770
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- Royal LePage Security Real Estate
Welcome to the prestigious U Condominiums, an iconic Pemberton-built luxury residence perfectly positioned in Toronto's coveted Bay & Bloor neighborhood, adjacent to the picturesque grounds of St. Michael's College at the University of Toronto. This spectacular south-east corner suite offers an exceptional combination of elegance, space, and breathtaking panoramic views. Boasting approximately 1,477 sq. ft. of luxurious interior living space plus an impressive 399 sq. ft. across two expansive wraparound balconies, this residence is flooded with natural light through dramatic floor-to-ceiling, wall-to-wall windows, showcasing unobstructed views of the city skyline and Lake Ontario. Soaring 10-foot ceilings, designer lighting throughout, and an exceptional open-concept layout create an atmosphere of sophistication and comfort. The spacious den is ideal as a home office, guest suite, or potential third bedroom, offering incredible versatility. This rare offering includes two premium parking spaces and a locker, an extraordinary convenience in the heart of downtown. Residents enjoy first-class amenities including a 24-hour concierge, state-of-the-art fitness centre, elegant party and meeting rooms, spectacular rooftop terrace and gardens with panoramic city views, visitor parking, and excellent security. Experience one of Toronto's most desirable lifestyles, just steps from Yorkville, Bloor Street's world-class shopping and dining, the University of Toronto, hospitals, museums, libraries, parks, cultural attractions, and TTC subway stations. Everything you need is literally at your doorstep. A rare opportunity to own an extraordinary luxury residence in one of Toronto's most prestigious addresses-where timeless elegance, breathtaking views, and an unbeatable location come together to create an exceptional place to call home.
Estimate your monthly payments for this property
Estimated Payment
$7,519.67/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Bay Street Corridor
Bay Street Corridor is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Bay Street Corridor
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Bay Street Corridor offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1080 Bay Street Unit 5301, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1214/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Bay Street Corridor
I know Bay Street Corridor well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.