$1,595,000 - 180 University Avenue Unit 2908, Downtown Toronto
Condo for Sale in Downtown Toronto
84 days on market- MLS Number
- C12912036
- Property Type
- Condo
- Status
- active
- Days on Site
- 84
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES OXLEY REAL ESTATE
Welcome to the prestigious Shangri-La Residences Toronto, offering refined, hotel-inspired living in the heart of downtown. Suite 2908 feat. approx.1,415 sq. ft. of beautifully proportioned living space, complete w/desirable east-facing balcony showcasing expansive city views & an abundance of natural morning light. Floor-to-ceiling windows enhance the open, airy feel, while the thoughtfully designed 2-bedroom layout is ideal for both comfortable everyday living & elegant entertaining. Full-size Boffi kitchen overlooks the open-concept living & dining areas & offers abundant storage, a granite countertop w/eat-in area, & premium appliances, incl. Miele dishwasher, hood fan, five-burner cooktop, wall oven, convection oven, & a Sub-Zero refrigerator w/dual freezer drawers. A gas fireplace anchors the living space, while sliding doors provide seamless access to the balcony, finished w/Sky Scapes raised porcelain paver floating flooring-creating a sophisticated outdoor extension. A well-appointed two-piece powder room is perfectly positioned for guests, offering both convenience & privacy from the bedroom areas. Both bedrooms are generously sized & thoughtfully designed, feat. custom California Closets built-ins as well as in the front hall closet & laundry room. The laundry area is equipped w/a Bosch front-load washer & dryer. The primary suite incl. walk-in closet & spa-inspired 5-piece ensuite, while the 2nd bedroom enjoys its own private 3-piece ensuite. 1 underground parking space offers added convenience w/easy access. Residents enjoy exceptional 5-star amenities & services, incl. 24-hour concierge & security, valet service (eight times per month), access to Miraj Hammam Spa, a state-of-the-art fitness centre, yoga & boxing studios, a 20-metre indoor lap pool, hot tub, infrared sauna, & steam rooms. Ideally situated between Toronto's Financial & Entertainment Districts, this residence offers elevated urban living at one of the city's most iconic addresses.
Estimate your monthly payments for this property
Estimated Payment
$7,055.22/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 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 2908, 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
Fair Market Value
At $1139/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 84 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.
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 $6,646 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.