5508-180 University Ave
Bay Street Corridor, Toronto, Ontario M5H 0A2
- Bedrooms
- 2+1
- Bathrooms
- 3
- Size
- 1,800–1,999sq ft
- Per sq ft
- $1,658at the range’s middle
- Tax a year
- $12,6152026 tax year
- Parking
- 22 underground
- Days on market
- Members
The brief
About 5508-180 University Ave
5508-180 University Ave is a 2+1-bedroom, 3-bathroom condo in Bay Street Corridor, Toronto, listed for sale at an asking price of $3,150,000 (MLS® C13840528).
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.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$13,455/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 38 condos with 3 bedrooms for lease in Bay Street Corridor right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $12,615 / 2026
- MLS® number
- C13840528
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1800-1999 sqft
- Listed on
- Parking
- 2 Underground, 2 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Bay Street Corridor
- Municipality
- Toronto
Building
- Size
- 1800-1999 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 2+1
- Bathrooms
- 3
- Bathroom Details
- 1 × 2pc Flat, 1 × 5pc Flat, 1 × 3pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 2
- Additional Parking
- 0
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- Yes
- Den
- Yes
- Family room
- Yes
- Extras
- Private Two-Car Garage With Storage, Sub-Zero Refrigerator, Miele Gas Cooktop, Miele Built-In Espresso And Coffee Machine, Miele Dishwasher, Miele Microwave Oven, Miele Wall Oven, Sub-Zero Wine Fridge, Fireplace, All Furniture, Artwork, Electrical Light Fixtures, Automated Window Coverings.
- Condo maint.
- $2,333
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Family | 3.29 × 3.93 m | Hardwood Floor | Flat |
| Kitchen | 2.8 × 4.88 m | Marble Counter | Flat |
| Breakfast | 1.8 × 3.32 m | hardwood floor, Window Flr to Ceil | Flat |
| Living | 3.96 × 4.33 m | hardwood floor, Marble Fireplace, Open Concept | Flat |
| Dining | 2.13 × 3.14 m | hardwood floor, W/O To Balcony, Open Concept | Flat |
| Primary | 3.57 × 5.55 m | B/I Closet, Ensuite Bath | Flat |
| 2nd Br | 3.26 × 3.54 m | Closet, Ensuite Bath | Flat |
| Den | 3.29 × 3.93 m | B/I Bookcase, Murphy Bed, Sliding Doors | Flat |
Listing history
Buy/sell history for 5508-180 University Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $3,150,000 | N/A | For Sale | C13840528 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $630,000
- Total mortgage amount
- $2,520,000
- Total interest payment
- $1,791,300
- Total purchase cost
- $4,941,300
- Mortgage payment
- $14,371/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
95%Monthly carrying cost
$17,755- Rent $4,300
- Shortfall $13,455
Rental income opens at $4,300, the median asking rent of 38 comparable homes for lease in Bay Street Corridor. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $65,225
- Toronto municipal land transfer tax
- $66,725
- Total land transfer tax
- $131,950
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $123,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $3,150,000
- $28,750
- Ontario total
- $65,225
Toronto’s municipal tax has its own higher brackets at this price, so it adds $66,725.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m72 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 501 building permits issued within 250 m in the last 2 years250 m
- 33 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 1.7 km1.7 km
- Mapped parcel: about 21,770 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 560 m560 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is Enwave Energy Corporation — Pearl Street Steam Plant, 80 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- On the Heritage Register — Part IV, by-law 163-80
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: Changes outside the house, and tree removal, may need the City’s review on top of the usual permits. Ask the City before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
CR 12.0 (c8.0; r11.7) SS1 (x2333)By-law
569-2013Municipality
Toronto1 12.0
Density: total floor area is capped at 12.0 times the lot area.
2 c8.0
Commercial floor area is capped at 8.0 times the lot area.
3 r11.7
Residential floor area is capped at 11.7 times the lot area.
4 x2333
Site-specific exception 2333: this site has rules of its own, written in the by-law.
5 SS1
Standards set 1: the setback, height and coverage rules the by-law applies to this zone.
6 Where this is written
Chapter 40, section 40.10 of By-law 569-2013 · Exception 900.11.10(2333)
7 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
27 building permits cleared at this address in the City’s file.
Interior AlterationsUnder Review
REV 01: REMOVAL OF WALK-IN CLOSET & ADDING A PANTRY KITCHENrelocation of partition walls in condo unit
Applied October 8, 2026
SprinklersRefusal Notice
Alterations to fire sprinklers inside unit 6402
Applied May 16, 2023
Interior AlterationsClosed
Proposal for interior alterations to a residential unit in an existing residential condo - UNIT 6402
Issued March 1, 2023
Interior AlterationsClosed
Revision 01- REVISION TO PERMIT 21 181157 BLD 00 BA Interior Alterations to existing hotel lobby to accomodate a new future retail tenant
Issued January 4, 2022
Building Permit Related(MS)Closed
HVAC - Proposal for interior alterations for new coffee counter in lobby "Shangri La Cafe Giovane SLT "
Issued September 2, 2021
Building Permit Related(PS)Closed
Plumbing - Proposal for interior alterations for new coffee counter in lobby "Shangri La Cafe Giovane SLT "
Issued September 2, 2021
Building Permit Related(MS)Closed
HVAC - Interior alterations - Unit 5202
Issued May 10, 2021
Interior AlterationsClosed
Interior alterations - Unit 5202
Issued May 10, 2021
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
200 UNIVERSITY AVESite planOMB Appeal
Site Plan application to facilitate redevelopment at 200 University Avenue for a 37-storey addition above the existing 16-storey heritage building for an overall height of 53-storeys. The proposal consists of 52,661 square metres of gross floor area and 622 residential units, of which 24 are proposed as affordable rental dweling units. 46 vehicle parking spaces and 363 bicycle parking spaces are proposed.
80 m away200 UNIVERSITY AVEOfficial plan or zoning amendmentOMB Appeal
Official Plan and Zoning By-law Amendment application to facilitate redevelopment at 200 University Avenue for a 37-storey addition above the existing 16-storey heritage building for an overall height of 53-storeys. The proposal consists of 52,661 square metres of gross floor area and 622 residential units, of which 24 are proposed as affordable rental dweling units. 46 vehicle parking spaces and 363 bicycle parking spaces are proposed.
80 m away100 SIMCOE STSite planUnder Review
Site Plan Approval application for a 61-storey mixed-use building having a non-residential gross floor area 22,601 square metres, and a residential gross floor area of 44,683 square metres. A total of 526 rental dwelling units are proposed. The proposed development incorporates the existing heritage building in its base. (See also: Rezoning 16 192792 STE 20 OZ / OLT Case PL171103)
120 m away211 ADELAIDE ST WSite planUnder Review
Site Plan Approval application for a 61-storey mixed-use building having a non-residential gross floor area 22,601 square metres, and a residential gross floor area of 44,683 square metres. A total of 526 rental dwelling units are proposed. The proposed development incorporates the existing heritage building in its base. (See also: Rezoning 16 192792 STE 20 OZ / OLT Case PL171103)
120 m away217 ADELAIDE ST WSite planUnder Review
Proposal for a 23-storey non-residential building having a gross floor area of 18,641 square metres.
150 m away212 KING ST WPlan of subdivisionUnder Review
Draft Plan of subdivison for 5 blocks.
160 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Bay Street Corridor right now
- For sale now
- 177
- Median asking price
- $658K
- New in 7 days
- 22
- Price cuts
- 21%
Middle half: $520K to $899K
71 in 28 days
37 listings
This home is asking 379% above the median, higher than three quarters of them.
See all homes in Bay Street CorridorAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| St Andrew Station | TTC subway: Line 1 Yonge-University | 200 m |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 250 m |
| King Station | TTC subway: Line 1 Yonge-University | 650 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 650 m |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 650 m |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Ogden Junior Public SchoolToronto DSB | Public · grades JK–6 | 750 m | 72%Grade 6 average |
| St Michael's Choir (Jr) SchoolToronto CDSB | Catholic · grades 1–8 · French Immersion | 1 km | 99%Grade 6 average |
| Beverley SchoolToronto DSB | Public · grades JK–8 | 1.1 km | — |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.4 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 950 m | 96%Grade 9 math |
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 950 m | 8%Grade 9 math |
| Subway Academy IIToronto DSB | Public · grades 9–12 | 1.1 km | — |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 1.7 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Bay Street Corridor are shown to signed-in members.