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    140 Simcoe Street

    University Plaza Condos
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    4for Sale
    3for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    16
    Number of Units:
    320
    Condo Completion:
    2005
    Condo Demand:
    Medium
    Unit Size Range:
    338 - 1,200 SQFT
    Unit Availability:
    Low

    Listing History for University Plaza Condos

    Receive listing updates for Queen West

    Amenities

    Indoor Parking
    Party Room
    Games Room
    Concierge
    BBQ
    Security System

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 140 Simcoe StreetUniversity 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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    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    Your bike's the trusty steed in this urban jungle — giddy up!

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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.

    Population
    18,483
    Average Individual Income
    $71,628
    Average Household Size
    3 persons
    Average Age
    42
    Average Household Income
    $108,396
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    20%
    50 - 64
    20%
    65+
    19%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    23%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    43%
    Semi Detached
    25%
    Detached
    24%
    Low Rise Apartment
    3%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    72%
    Mandarin
    13%
    Cantonese
    9%
    Tagalog
    2%
    Arabic
    1%
    Spanish
    1%
    Urdu
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    12%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    17%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    5%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Maintenance Fees

    University Plaza Condos vs The Queen West Area

    Days on Strata

    Units at University Plaza Condos spend an average of
    22
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Queen West

    Turnover of Units

    On average, each unit is owned for
    6.7
    YEARS before being sold again

    Property Value

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

    Price Ranking

    21st
    Highest price per SQFT out of 47 condos in the Queen West area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    10
    Units were Rented over the past twelve months

    Best Value Rank

    University Plaza Condos offers the
    ?
    best value out of 47 condos in the Queen West neighbourhood

    Appreciation Rank

    University Plaza Condos has the
    ?
    highest ROI out of 47 condos in the Queen West neighbourhood

    Rental Yield

    University Plaza Condos yields the
    ?
    highest rent prices out of 47 condos in the Queen West neighbourhood

    High Demand

    University Plaza Condos is the
    ?
    most popular building out of 47 condos in the Queen West neighbourhood

    Transaction Insights at 140 Simcoe Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$575,000$660,000No DataNo Data
    Avg. Cost Per SqftNo Data$994$1,077No DataNo Data
    Avg. Wait for Unit Availability256 Days81 Days174 Days200 Days838 Days
    Ratio of Units in Building13%39%25%19%7%

    Unit Sales vs Inventory

    Total number of units listed and sold in Queen West