5508-180 University Avenue, Toronto, ON
Bay Street Corridor, Toronto · MLS® C13840528
About this home
In short
- Perched high above the iconic Shangri-La Hotel Toronto within the exclusive Private Estates collection, this spectacular South-East corner residence offers an...
- Spanning nearly 1900 sq ft of impeccably designed space, this 2 bedroom + den suite blends refined elegance with modern comfort.
- A Boffi kitchen - complete with high-gloss lacquer cabinetry and premium Miele and Sub-Zero appliances - anchors the home, while herringbone hardwood floors, soaring...
- The primary retreat is a true sanctuary, featuring a generous walk-in closet and a spa-inspired 5-piece ensuite wrapped in Carrara marble.
- Wellness amenities include a 24-hour fitness centre, yoga studio, and a 20-metre indoor lap pool with hot tub, infrared sauna, and steam rooms.
Perched high above the iconic Shangri-La Hotel Toronto within the exclusive Private Estates collection, this spectacular South-East corner residence offers an elevated living experience in one of downtown Toronto's most prestigious addresses. From sunrise over Lake Ontario to glittering evening views of the CN Tower and city skyline, every moment here is framed by breathtaking, unobstructed panoramas. Spanning nearly 1900 sq ft of impeccably designed space, this 2 bedroom + den suite blends refined elegance with modern comfort. A Boffi kitchen - complete with high-gloss lacquer cabinetry and premium Miele and Sub-Zero appliances - anchors the home, while herringbone hardwood floors, soaring 10-ft ceilings, and automated blinds create a seamless sense of sophistication throughout. The primary retreat is a true sanctuary, featuring a generous walk-in closet and a spa-inspired 5-piece ensuite wrapped in Carrara marble. A well-appointed second bedroom with its own ensuite ensures privacy for guests, while the separate den offers a refined and versatile space for a home office, or private guest accommodations. Step out onto the expansive balcony and take in the city from above - an ideal extension of your living space. Indulge in a fully serviced, hotel-inspired lifestyle with access to a 24-hour concierge & doorman, valet and chauffeur services, and the renowned Miraj Hammam Spa. Wellness amenities include a 24-hour fitness centre, yoga studio, and a 20-metre indoor lap pool with hot tub, infrared sauna, and steam rooms. Enjoy seamless access to the building's celebrated dining destinations including Bosk Restaurant, Mott 32 Toronto, the Lobby Lounge, along with in-suite dining and hotel bar service at your convenience. Complete with a rare two-car private garage with storage, complemented by private on-site automotive detailing services, this is a truly exceptional offering - where private estate living meets the effortless luxury of a five-star hotel.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13840528
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 3 (1 half)
- Size
- 1800-1999 sq ft
- Cross streets
- University / Adelaide
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $2,333/mo
- Exposure
- South East
- Property tax
- $12,615 / 2026
- Days on market
- 20
- Listing brokerage
- UNION CAPITAL REALTY
Rooms
hardwood floor · w/o to balcony · open concept
Hardwood Floor
hardwood floor · window floor to ceiling
closet · ensuite bath
Marble Counter
hardwood floor · marble fireplace · open concept
b/i closet · ensuite bath
b/i bookcase · murphy bed · sliding doors
Listed at $3,150,000. Going by how homes in Bay Street Corridor have actually closed against their asking prices (about 97%, 105 local closings in 90 days), the likely sale price is near $3.05M, if it sells. A realistic range is $2.88M to $3.30M.
Independent value check: $2.52M. Without looking at the asking price, our model values the home itself about 20% below the ask (homes like it typically land between $2.35M and $2.65M).
Why $2.52M. The typical condo sold in Bay Street Corridor over the past year went for about $594K (447 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $12,614 a year; the typical home sold here pays about $3,600.
- ▲ Raises it stronglyIt is 1,800 to 1,999 sq ft; the typical home sold here is 700 to 799.
- ▲ Raises it stronglyIts maintenance fee is $2,333 a month; the typical unit sold here pays about $700.
- ▲ Raises it strongly2 garage and 2 total parking spaces, against 1 and 1 typically.
Total price vs nearby homes. Likely closing about $3.05M, from 105 recent closings in this pocket.
The market behind the math:
About 0.2 months of inventory: 6 condo apartment homes for sale in the area against 105 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,658/sqft against an area asking average of $1,200/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 105 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.08M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Ogden Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 30 homes sold in this building over the past 14 months, from 500 closings in Bay Street Corridor.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,414/sqft; this home lists at $1,658/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condos in Bay Street Corridor: $530K in September 2026, down 13% from a year ago, on 436 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $720K | 29 |
| November 2025 | $587K | 33 |
| December 2025 | $569K | 18 |
| January 2026 | $632K | 21 |
| February 2026 | $550K | 23 |
| March 2026 | $570K | 39 |
| April 2026 | $610K | 48 |
| May 2026 | $645K | 52 |
| June 2026 | $645K | 47 |
| July 2026 | $548K | 60 |
| August 2026 | $515K | 33 |
| September 2026 | $530K | 33 |
Neighbourhood & location
Bay Street Corridor, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $2,520,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $13,934
- Property tax
- $1,051
- Condo / maintenance fees
- $2,333
- Heating
- $0
- Estimated monthly cost
- $17,318
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $65,225
- Toronto municipal land transfer tax
- $66,725
- Estimated closing costs
- $131,950
Plus your down payment of $630,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $836,011
- Principal paid down
- $307,897
- Interest paid
- $528,113
- Balance remaining
- $2,212,103
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 5 whole-home leases in Bay Street Corridor signed at a median of $6,000 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,111. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of UNION CAPITAL REALTY. MLS®/PropTx.