$1,448,000 - 33 University Avenue Unit 2106, Downtown Toronto
Condo for Sale in Downtown Toronto
101 days on market- MLS Number
- C12855974
- Property Type
- Condo
- Status
- active
- Days on Site
- 101
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North West
- Balcony
- None
- Listing Brokerage
- CENTURY 21 LEADING EDGE CONDOSDEAL REALTY
Welcome to Empire Plaza, an architectural landmark by award-winning Architects Young & Wright. Ideally located at the southeast corner of University and Wellington, this iconic 28-storey building sits at the nexus of Toronto's Financial, Entertainment, and Sports Districts. The 21st-floor corner suite spans a generous 1,812 sq ft, boasting floor-to-ceiling windows that flood the space with natural light and reveal vibrant city views. Fully renovated and meticulously maintained, it features three bedrooms plus a den, two bathrooms, and year-round in-suite climate control via individually controlled heat pumps. Inside, you'll find a thoughtfully designed open-concept living and dining area, perfect for both daily living and elegant entertaining. The large primary bedroom offers two closets and a 4-piece ensuite, while the remaining bedrooms are equally well-appointed. Every detail has been carefully considered to blend modern finishes with timeless comfort, creating a warm and sophisticated atmosphere. Residents at Empire Plaza enjoy 24-hour security, on-site management, a well-equipped fitness centre, and a handsomely furnished rooftop terrace on the 28th floor with breathtaking 360 views. There is also a stylish party room with wet bar, media centre, and library. Maintenance fees include electricity, water, central air, common elements, parking, locker, and building insurance. With Union Station, the PATH, and a host of downtown attractions mere steps away, this is city living at its finest! ***Photos were taken before current tenants moved in. ***
Estimate your monthly payments for this property
Estimated Payment
$6,404.99/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.
33 University Avenue Unit 2106, 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 $804/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.
Negotiation Opportunity
At 101 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.
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.
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 $6,033 (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.