$1,199,900 - 33 University Avenue Unit 2506, Downtown Toronto
Condo for Sale in Downtown Toronto
Neighbourhood: Bay Street Corridor
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- MLS Number
- C13809802
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $5,939
- Maintenance Fees
- $1,732/mo
- Locker
- Owned
- Exposure
- North West
- Balcony
- None
- Listing Brokerage
- RE/MAX PLUS CITY TEAM INC.
Positioned on a prestigious high floor, Suite 2506 offers refined, carpet-free living within an exceptionally spacious and functional 3-bedroom plus solarium layout. A sweeping wall of floor-to-ceiling windows fills the expansive living and dining areas with natural light while showcasing impressive city views. The oversized solarium provides remarkable flexibility as a home office, family lounge, reading retreat, or additional entertaining space.The modern chef-inspired kitchen features premium stainless steel appliances, extensive counter space, and ample cabinetry, flowing seamlessly into the principal living and dining areas. The generous primary bedroom offers a walk-in closet and a beautifully reimagined ensuite complete with a quartz double vanity, frameless glass rainfall shower, and elegant freestanding soaking tub. Two additional bedrooms provide excellent space for family, guests, or work-from-home needs. The second spa-inspired bathroom features a double vanity and glass-enclosed shower. A separate laundry room, abundant closet space, and zoned individual heat pumps provide added convenience and year-round comfort.The all-inclusive monthly maintenance fee covers heat, hydro, and water. One owned locker and a conveniently connected parking space are included. Residents enjoy a 24-hour concierge, complimentary visitor parking, landscaped rooftop terrace, party room, high-speed Wi-Fi, on-site salon, and café.Designed by the award-winning Young + Wright Architects, Empire Plaza is an architecturally distinctive landmark at 33 University Avenue. Ideally situated in Toronto's Financial, Entertainment, and Sports Districts, steps from the PATH, Union Station, St. Andrew subway station, Scotiabank Arena, Rogers Centre, acclaimed dining, premier shopping, and world-class entertainm
Estimate your monthly payments for this property
Estimated Payment
$5,307.56/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.
33 University Avenue Unit 2506, 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
Competitive Pricing
At $667/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
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. The $1732/month fees should cover building insurance, common elements, and reserve contributions.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
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 $5,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.