140 Simcoe Street
Building Details
Listing History for University Plaza Condos
Amenities
Maintenance Fees
About 140 Simcoe Street — University Plaza Condos
Spanning two addresses at 140 Simcoe Street, University Plaza is a sizeable 16-storey condominium in the Queen West neighbourhood. One of the more appealing aspects of this property is price — Queen West condos for sale are often pricey, but units in this building are actually quite affordable, making this a great opportunity for first-time home buyers who are looking to break into the market in a trendy neighbourhood.
In addition to reasonable prices, University Plaza Condos offers some nice extras to make residents feel at home: gym, sauna, party room, media room, rooftop deck, concierge, security guard, and parking garage.
University Plaza Condos is an excellent choice for young professionals — Queen West is a lively community with boutique shopping, great restaurants, trendy nightlife options, and cozy cafes. As a resident of this neighbourhood you have easy access to the Fashion District, Entertainment District, and Financial District — ideal for potential buyers who work in downtown Toronto.
The Suites
University Plaza is home to 320 downtown Toronto condos — ranging in size from 387 square feet for a bachelor, to just under 1200 square feet for a 2 bedroom + den. There are some units which feature 2-storey layouts, perfect for small families or anyone who wants a little more separation in their living space.
All units have desirable features like hardwood floors, granite countertops, stainless steel appliances, ensuite laundry, and private balconies. This building was completed in 2003, so most units are move-in ready, but given how desirable Queen West has become, putting some sweat equity in could yield a nice return in the future.
With a condo at University Plaza you have a great location near the action and an exciting neighbourhood just outside your front door.
The Neighbourhood
From your home at 140 Simcoe Street, you’re minutes from a great dining experience — there’s Michael’s On Simcoe for aged-steaks, Elephant & Castle for British pub food, Figo Toronto for Italian, Byblos for Eastern Mediterranean cuisine, and La Carnita on John Street for tacos. There are also fast-food options nearby as well such as Subway and Smoke’s Poutinerie.
This is an excellent spot for caffeine junkies; there’s a Tim Hortons on the ground floor of your building and also a number of charming cafes nearby — Dark Horse Espresso Bar on John, Little Nicky's Coffee on Peter, Starbucks on Richmond, and Cafe Crepe on Queen Street.
For nightlife, you have charming pubs like the Town Crier and The Friar: A Firkin Pub. There are great spots in the area for sampling craft beer like 3 Brewers Adelaide and Bar Hop Brewco. If you’re craving a dance floor you can make your way to the Entertainment District and you’ll find a slew of nightclubs. And not to be forgotten, sports fans are within walking distance of the Rogers Centre and Scotiabank Arena.
Shopping enthusiasts have a diverse offering of stores on Queen Street — a brief walk north will have you immersed in boutique shopping; once there you’ll encounter modern fashion chains like Zara, used clothing stores such as Tribal Rhythm and Kind Exchange, and for fans of DIY, you can get material at Downtown Fabric and Affordable Textiles.
If you need a dose of nature you have several parks to choose from — to the north there’s Grange Park for an off-leash dog park and tree-shrouded benches, to the south you have David Pecaut Square, and to the north-east you’ll find The Gardens of the Osgoode Hall.
Transportation
140 Simcoe St has a 100 Walk Score; with conveniently located shops all around, residents should have no trouble accomplishing errands on foot. For grocery runs, there’s a Rabba Fine Foods just one block south on Simcoe, and Rexall Pharma Plus on University for any prescriptions.
Public transit users have east and westbound streetcars on Queen, bus stops on Simcoe and Adelaide, and Osgoode Station is only a few blocks north for the Yonge-University subway line.
Drivers can reach the Gardiner Expressway by heading south on Spadina to Lakeshore Boulevard for the nearest on-ramp. For the Don Valley Parkway, go east on Adelaide to Eastern Avenue.
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Price Cut: $30,000 (Sep 16)
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
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Building Trends At University Plaza Condos
Days on Strata
List vs Selling Price
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Transaction Insights at 140 Simcoe Street
Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | |
---|---|---|---|---|---|
Price Range | No Data | $575,000 | $660,000 | No Data | No Data |
Avg. Cost Per Sqft | No Data | $994 | $1,077 | No Data | No Data |
Price Range | No Data | $2,500 - $2,650 | $2,550 - $3,200 | $2,900 - $4,550 | No Data |
Avg. Wait for Unit Availability | 256 Days | 81 Days | 174 Days | 200 Days | 838 Days |
Avg. Wait for Unit Availability | 100 Days | 56 Days | 82 Days | 56 Days | 277 Days |
Ratio of Units in Building | 13% | 39% | 25% | 19% | 7% |
Unit Sales vs Inventory
Total number of units listed and sold in Queen West