$12,000/mo - 180 University Avenue Unit 2705, Downtown Toronto
Condo for Rent in Downtown Toronto
102 days on market- MLS Number
- C12856050
- Property Type
- Condo
- Status
- active
- Days on Site
- 102
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Ensuite
- Exposure
- North West
- Balcony
- Terrace
- Listing Brokerage
- CENTURY 21 MILLER REAL ESTATE LTD.
Fully Furnished Luxury Suite at The Residences of Shangri-La - 27th FloorExperience exceptional 5-star hotel living in this spectacular corner suite located above the renowned Shangri-La Hotel in the heart of Toronto. This fully renovated and fully furnished luxury residence offers 1,746 sq. ft. of elegant living space plus a balcony, showcasing breathtaking panoramic views of the city.This bright and spacious unit features 10-ft ceilings and Savoia porcelain flooring throughout, creating a refined and modern living space with magnificent finishes.The custom-designed kitchen features custom wood joinery cabinetry with elegant brass ironmongery, marble countertops, and a Dovedale marble kitchen counter, complemented by top-of-the-line appliances and premium sanitary ware.The suite is enhanced with automatic motorized blinds throughout, dimmable LED lighting, and modern spotlights, creating a warm and sophisticated atmosphere. The balcony features Banas Stone sandstone flooring with integrated floor lighting, perfect for enjoying the stunning city views.The upgraded washrooms include integrated electronic bidet toilets, offering additional comfort and luxury. The primary suite includes custom blinds, a luxurious 5-piece ensuite, and a spacious walk-in closet with large custom white-finish cabinetry.All furnishings are included, featuring bedroom furniture, den furnishings, living room and dining room sets, and all kitchen appliances.Residents enjoy world-class amenities, including: 24/7 Concierge & Valet Parking Fitness Centre & Spin Studio Yoga Room & Indoor Pool Award-Winning Miraj Hammam Spa by Caudalie Paris (Turkish Spa) Room Service & Visitor ParkingUnbeatable downtown location, steps to the Financial District, subway, and the underground PATH, and minutes to Toronto Harbourfront, Bloor-Yorkville shopping, CN Tower, Rogers Centre, and Scotiabank Arena. A rare opportunity to o a luxurious residence in one of Toronto's most prestigious buildings .
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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 2705, Downtown Toronto / Waterfront
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $12,000/mo, this is asking above the typical 3-bedroom rent of ~$3,500/mo in Downtown Toronto. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Negotiation Opportunity
At 102 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.