$1,999,000 - 180 University Avenue Unit 2806, Downtown Toronto
Condo for Sale in Downtown Toronto
70 days on market- MLS Number
- C12970378
- Property Type
- Condo
- Status
- active
- Days on Site
- 70
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Situated above the iconic Shangri-La Toronto, this exceptional corner suite offers nearly 1,800 square feet of refined living with two bedrooms, a private den, and breathtaking north-facing views. Floor-to-ceiling wraparound windows frame unobstructed views up University Avenue, over Osgoode Hall, and all the way to Queen's Park. The open-concept living and dining areas connect seamlessly to the Boffi-designed kitchen, complete with Miele and Sub-Zero appliances, excellent storage and ample room to entertain.The primary bedroom features stunning city views, a large walk-in closet, and a five-piece marble-clad ensuite with a deep soaker tub, Kohler DTV shower, and dual vanities. The second bedroom offers double closets and its own private three-piece ensuite. A separate den provides flexibility for a home office, media room, or potential third bedroom. The suite also features a large balcony taking in the city views. Included with the suite is one parking with EV charging and a large locker. Residents enjoy access to Shangri-La's exceptional amenities, including 24-hour concierge, valet parking (pay per use), a 24-hour fitness centre, indoor pool, hot tub, sauna, steam rooms, Bosk Restaurant, and The Lobby Lounge. Moments from the Financial District, King West, and Toronto's best dining and entertainment.
Estimate your monthly payments for this property
Estimated Payment
$8,842.25/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 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 2806, 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 $1249/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.
Negotiation Opportunity
At 70 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.
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 $8,329 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.