$898,000 - 33 University Avenue Unit 1203, Downtown Toronto
Condo for Sale in Downtown Toronto
36 days on market- MLS Number
- C13111452
- Property Type
- Condo
- Status
- active
- Days on Site
- 36
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- RE/MAX FIND PROPERTIES
Prestigious Corner Suite : Unit 1203 at 33 University Avenue is a highly sought-after corner suite, offering 1,400 square feet of luxurious living space. Priced at an incredible value, this spacious unit presents an exceptional opportunity in one of Toronto's most prestigious locations. Suite Features: Bright and airy layout featuring two bedrooms plus a southwest-facing den or sitting room. Two bathrooms, including a primary bedroom with an ensuite. Renovated separate shower, his & hers L-shaped mirrored closets in the dressing area of the primary bedroom. Abundant natural sunlight and southwest views throughout the suite. Laminate flooring in all living areas and bedrooms, providing comfort and elegance. One parking spot and locker included with the unit. (Parking/Locker Combination)Condo fee covers heat, central air conditioning hydro, water, parking/locker, common elements enhancing value and convenience. Situated across from the PATH and just steps to the Financial District. Located in one of Toronto's most convenient and prestigious addresses. The suite is beautifully maintained and ready for personalization, making it an attractive option for buyers seeking a luxury residence in the heart of the city. MTCC 932 has no dog and no smoking rules.
Estimate your monthly payments for this property
Estimated Payment
$4,607.21/mo
Includes CMHC insurance ($25,054)
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.
33 University Avenue Unit 1203, 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 $641/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 36 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. 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.
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 $3,742 (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.