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    1080 Bay St. This condo at U Condominium is located in  Downtown, Toronto - image #1 of 4 by Strata.ca
    1080 Bay St. This condo at U Condominium is located in  Downtown, Toronto - image #2 of 4 by Strata.ca
    1080 Bay St. This condo at U Condominium is located in  Downtown, Toronto - image #3 of 4 by Strata.ca

    1080 Bay St, 1082-1086 Bay St, 1074-1078 Bay St & 57-75 St Mary St

    U Condominium
    12for Sale
    17for Rent
    Walkability
    10/10
    Transit
    10/10
    Bikeability
    8/10
    Developer
    Pemberton Group
    Condo Completion
    2016
    Property Management
    Shelter Canadian Properties Ltd
    Property Type
    Condo
    Unit Size Range
    303 - 3288 SQFT
    Number of Units
    1002
    Number of Storeys
    55
    CONDO Demand
    Average
    Unit Availability
    Above Average

    About this condo

    Before the development at 1080 Bay Street, St. Michael’s college students at the University of Toronto used this space for their annual “Residence Games”. Though now students need to find another place to play Ultimate Frisbee, there’s no argument against the U Condominium being a smart development of the space.

    Completed in 2015, this building stands at 55 and 45 storeys. Though these condos tower over their surroundings in the Bay St. Corridor, they never near gaudiness. The Pemberton Group and architectsAlliance — led by the prolific Peter Clewes — developed and designed, respectively, the site for the most discerning eyes. Together, the tower’s glass exterior patterned to resemble blades of grass, and the arrangement of the balconies, rising up in slanting pattern, form the sophisticated modern character of the building.

    At the base of the two towers, residents at 1080 Bay Street come home to a three-storey, Andrea Kantelberg designed lobby. The lobby is filled with light and serviced by a 24-hour concierge. Additionally, the condo has an elegant courtyard, encircled by the opulent urban Townhomes.

    Each townhome, standing three-storeys, features limestone cladding that may seem cold, but copper details — sculptural accents that over time will gracefully gain a gorgeous turquoise patina – warm this condo in the perfect way. Clewes gave thought to more than what these residences would be, but kept an eye to the future and what these homes would become.

    The amenities cater to an exceptionally attractive lifestyle. Topping each tower is a 4500 square foot amenities area, accommodating to every need with a fitness centre, yoga studio, library, party room — still more: each towers’ penthouse amenities area opens up to a wraparound balcony where the U Condominium's residents can take in a panoramic view that’s breathtakingly awesome.

    The Suites

    Inside, the suites continue the U Condos’ modern sensibility. Sleek cabinetry, Corian countertops, and backsplashes seem minimal, but there’s no storage sacrificed, especially with many units featuring kitchen islands.

    Everyone of 1080 Bay’s 1002 suites has its own balcony. And if it’s another one of our cold, cold winters, these suites still feel fresh with the condos’ luxurious large windows. The suites take advantage of all the light let in, using open floor plans and tall, at minimum 9-foot ceilings.

    With such a staggering amount of suites, there is a great range in size, and plenty of chances for prospective buyers to land Toronto condos for sale here. The studios start around 325 square feet — truly gigantic to the neighbours living in the nearby student residences — while the largest units are almost 3000 square feet. These large units are those aforementioned three-storey townhomes. At three stories, with three bedrooms, four bathrooms and their own private two-car garage, there’s no comparison to these townhomes anywhere in the neighbourhood.

    The Neighbourhood

    Though the address on Bay Street may scream Financial District, the neighbourhood offers so much more. Yes, residents can spend money shopping at the high-end boutiques in nearby Yorkville and in Holt Renfrew on Bloor, but more modest shoppers can still enjoy the great selection of other major brand stores along Bloor, as well as the many shops on Yonge street.

    The abundant surrounding green space makes the U Condo’s spot at 1080 Bay Street such a unique downtown Toronto location. To the west lies the University of Toronto’s St. Michael’s and Victoria college campuses, where residents can enjoy a stroll through the school’s charming historical architecture and groomed gardens. Further, Queens Park’s large trees offer a peaceful place to picnic, as well as an enjoyable running circuit, for those so inclined.

    Many great cultural venues centre around nearby Bloor and University, where the residents can walk in less than ten minutes. There residents can find the Gardiner Museum exhibiting ceramics and offering pottery classes, the Textile Museum of Canada, the Royal Ontario Museum, and the Royal Conservatory of Music, housing the stunning Koerner Hall.

    Transportation

    Residents of the U Condos have it easy when it comes to getting around the city. There are many TTC subway stations within walking distance. A short walk away, the Yonge-Bloor station gives residents the option of taking trains running east and west on the Bloor-Danforth Green line, or trains travelling north and south on Yonge-University-Spadina Yellow line. The latter runs through Union Station, with access to the GO, VIA and the Union-Pearson Express.

    Alternatively, residents at 1080 Bay Street can take a scenic walk through campus to Museum station to access the Yellow Line. The best thing about this scenic route? It’s only a five minute walk.

    TTC riders have one more option: When the weather’s not cooperating, a quick duck into the Manulife Center leads to an underground mall. This conveniently provides a nice sheltered path to Bay Station on the Green line.

    Drivers find themselves well positioned. They are just south of Bloor Street, a major artery of the city that connects to the Don Valley Parkway only minutes away from their building.

    12

    Listings For Sale

    Interested in receiving new listings for sale?

    17

    Listings For Rent

    Interested in receiving new listings for rent?

    Property Highlights

    Amenities
    BBQ
    Sauna
    Indoor Parking
    Concierge
    Rec Room
    Visitor Parking
    Security System
    Rooftop Deck
    Party Room
    Gym Room

    Listing History for U Condominium

    Nearby Amenities

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    14,886
    Average Individual Income
    $58,422
    Average Household Size
    2 persons
    Average Age
    38
    Average Household Income
    $77,998
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    44%
    Semi Detached
    23%
    Detached
    22%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages
    English
    33%
    Mandarin
    16%
    Cantonese
    10%
    Farsi
    5%
    Arabic
    2%
    Spanish
    2%
    Tagalog
    2%
    Other
    30%
    Education
    High School
    20%
    Apprenticeship
    2%
    University and Above
    44%
    College
    16%
    University Below Batchelor
    3%
    None
    12%
    Major Field of Study
    Personal, Protective & Transportation Services
    2%
    Health & Related Fields
    11%
    Humanities
    5%
    Architecture & Engineering
    20%
    Physical Sciences
    5%
    Social Sciences
    11%
    Math & Computer Sciences
    8%
    Education
    4%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%
    Business Management
    25%

    Stats, Trends & Rankings

    Price: 
     | 

    U Condominium vs The Bay St. Corridor Area
    U Condominium's Avg
    $1,579 SQFT
    Neighbourhood Avg
    $1,140 SQFT

    Building Trends At U Condominium

    Days on Strata

    Units at U Condominium spend an average of
    25
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    3.9
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 33 condos in the Bay St. Corridor area

    Sold Units

    28
    Units were Sold over the past twelve months

    Rented Units

    213
    Units were Rented over the past twelve months

    Sales vs Rental Values For This Condo

    Studio303 - 500 SQFT
    Average Cost Per Sqft$1,865
    Sales Price Range$610,000 - $610,000
    Rental Price Range$1,850 - $2,800
    1 Bed400 - 648 SQFT
    Average Cost Per Sqft$1,577
    Sales Price Range$800,000 - $895,000
    Rental Price Range$2,300 - $3,350
    1 Bed + Den527 - 699 SQFT
    Average Cost Per Sqft$1,577
    Sales Price Range$850,000 - $1,053,000
    Rental Price Range$2,800 - $3,800
    2 Bed680 - 1016 SQFT
    Average Cost Per Sqft$1,641
    Sales Price Range$1,100,000 - $1,560,000
    Rental Price Range$1,900 - $4,900
    2 Bed + Den1450 - 1533 SQFT
    Average Cost Per Sqft$1,557
    Sales Price Range$2,300,000 - $2,300,000
    Rental Price Range$6,000 - $6,500
    3 Bed1499 - 1499 SQFT
    Average Cost Per SqftNo Data
    Sales Price RangeNo Data
    Rental Price Range$6,900 - $6,900

    How Often Are Units Listed?

    Studio303 - 611 SQFT
    Average Sales Availability
    Every45Days
    Average Rental Availability
    Every9Days
    Ratio of Unit Type in Building12%
    1 Bed400 - 896 SQFT
    Average Sales Availability
    Every24Days
    Average Rental Availability
    Every5Days
    Ratio of Unit Type in Building26%
    1 Bed + Den500 - 900 SQFT
    Average Sales Availability
    Every20Days
    Average Rental Availability
    Every5Days
    Ratio of Unit Type in Building27%
    2 Bed549 - 1591 SQFT
    Average Sales Availability
    Every17Days
    Average Rental Availability
    Every5Days
    Ratio of Unit Type in Building30%
    2 Bed + Den1024 - 2682 SQFT
    Average Sales Availability
    Every77Days
    Average Rental Availability
    Every33Days
    Ratio of Unit Type in Building5%
    3 Bed1477 - 3288 SQFT
    Average Sales Availability
    Every167Days
    Average Rental Availability
    Every317Days
    Ratio of Unit Type in Building2%
    3 Bed + Den2400 - 2812 SQFT
    Average Sales Availability
    Every150Days
    Average Rental Availability
    Every446Days
    Ratio of Unit Type in Building2%

    Maintenance Fees

    U Condominium vs The Bay St. Corridor Area
    U Condominium's Avg
    monthly maintenance fee
    $0.71 / SQFT
    Neighbourhood Avg
    monthly maintenance fee
    $0.87 / SQFT

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