$4,980,000 - 180 University Avenue Unit 5803, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 7 days agoNeighbourhood: Bay Street Corridor
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- MLS Number
- C13845354
- Property Type
- Condo
- Status
- active
- Days on Site
- 7
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2025)
- $14,494
- Maintenance Fees
- $2,732/mo
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- HAMMOND INTERNATIONAL PROPERTIES LIMITED
Serenity Above the Skyline, Experience an unparalleled level of sophistication and serenity in the Estate Residency at Shangri-La Toronto, where timeless design meets urban elegance. This exceptional renovated private sanctuary perched on the 58th floor, high above Canada's most vibrant city, offering sweeping panoramic views of the Toronto skyline and Lake Ontario, truly living as close to the clouds as one can imagine. Also includes "six-car private garaging!!" in 2 separate private garages + spot next to elevator! Step inside to an expansive, beautifully appointed living space defined by refined finishes, bespoke millwork, and dramatic floor-to-ceiling windows that bathe each room in natural light. The open-concept design seamlessly integrates living, dining, and lounge areas, creating an effortless flow suited for both intimate evenings and grand-scale entertaining. The gourmet kitchen is a statement of both form and function, featuring top-tier appliances, custom cabinetry, and rich stone surfaces, an inspiring setting for culinary artistry or elegant hosting. Retreat to the spacious primary suite, where tranquility takes center stage. A generous walk-in closet complements a spa-inspired ensuite, complete with premium fixtures, a deep soaking tub, and a glass-enclosed rain shower - every element curated for comfort and indulgence. Adding to its rarity, the residence includes , an extraordinary offering in the heart of the city, delivering both convenience and exclusivity. Whether hosting distinguished guests or enjoying a quiet moment above the skyline, the Estate Suite delivers an uncompromising standard of luxury. Residents enjoy access to Shangri-La Toronto's world-class amenities, including personalized concierge services, state-of-the-art fitness and wellness facilities, and the renowned Shangri-La hospitality experience. This is not simply a residence it is a statement of refined taste, privacy, and elevated city living. A world of magnificence awaits
Estimate your monthly payments for this property
Estimated Payment
$22,028.22/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.
180 University Avenue Unit 5803, Downtown Toronto / Waterfront
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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 $2767/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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. The $2732/month fees should cover building insurance, common elements, and reserve contributions.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.