Shangri-La
6Listings for Salefor Sale
2Listings for Rentfor Rent
180 University Ave
Shangri-La
180 University Aveexpand addresses list
    6Listings for Salefor Sale
    2Listings for Rentfor Rent
    Walk Score
    100
    Transit Score
    100
    Bike Score
    75
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    low
    Unit Availability
    Above Average
    Property Type
    Condo
    Developer
    Westbank Projects Corp
    Condo Completion
    2012
    Property Management
    Brookfield Property Management
    Unit Size Range
    400 - 6700 SQFT
    Number of Units
    392
    Number of Storeys
    49

    180 University Ave, Toronto

    About this condo

    Condo Overview

    The mountain paradise of Shangri-La may be a work of fiction, but this desirable condo building is anything but — stretching to 66 storeys of steel and glass at 180 University Avenue, this property takes James Hilton’s vision and makes it real… in a condo building.

    If you recognized the name as that of a well known Toronto hotel — they are one of the same, as this property doubles as a condo residence and a hotel. The first 17 floors are comprised of hotel suites, while those above belong to the condo residence; the most exclusive suites, can be found above the 50th floor.

    Because this property is also a hotel, amenities are far more extensive than what you’d find in the average condo residence: Indoor pool, sauna, business centre, media room, party room, concierge, security guard, parking garage, and visitor parking. Maintenance fees are on the high side, but if that’s a concern, you’d be wise to look elsewhere.

    There is one major drawback to this building and it could be a deal breaker for some — Shangri-La is one of the most expensive condo residences in the city, and the price per square foot is quite high, so you’re going to have to reach deep into your pockets if you're eyeing Queen West condos for sale in this building.

    The Suites

    Good news for prospective buyers — Shangri-La houses almost 400 luxury condos, all of which have spacious floor plans; suite sizes range start 679 square feet for a 1 bedroom, which could easily be a 2 bedroom unit in other modern high-rises, and suites can be as large as 4430 for a sprawling penthouse unit.

    Suites in this building take a ‘spare no expense’ approach to finishes, offering executively styled suites with wide open floor plans. Interested buyers can expect rich hardwood floors, walk-in closets, European kitchens with stainless steel appliances, marble walls in bathrooms, automated blinds, and some suites have fireplaces.

    All units have private balconies, and those with suites above the 50th floor have some of the best views in the city. For those who are keen on a penthouse, you can expect multi-floor layouts with soaring mezzanine areas and panoramic views.

    The Neighbourhood

    180 University Ave is nestled in downtown Toronto — as urban as urban gets, this incredible area places residents in the heart of the action, with Toronto’s biggest and best attractions just next door. This is an amazing neighbourhood for residents who don’t own a vehicle, because not only are there restaurants, pubs, and retail options in every direction, but there’s also 24/7 public transit to carry you anywhere you want to go.

    Toronto is renowned for its dining experience and it seems only fitting that residents of Shangri-La have some tantalizing restaurants around the corner — there’s Fune for upscale Japanese, Michael's On Simcoe for a picture perfect steak paired with an amazing wine, Pizzeria Libretto for wood-fired pizza, Drake One Fifty where the setting is as good as the food, and Marcello's Market and Deli for buffet; all of these restaurants are less than 3 blocks from the building, and there are hundreds more nearby.

    Entertainment options are plentiful, and there’s something for any taste; sports fans can walk to the Rogers Centre for the Jays or Scotiabank Arena for the Leafs and Raptors, concert goers have bars for local talent and large venues like the Sony Centre for the Performing Arts and Roy Thomson Hall for larger acts. There are also touristy attractions like the CN Tower, TIFF, The Hockey Hall of Fame, and Ripley’s Aquarium of Canada.

    Nightlife options are vast in this neighbourhood, from cozy hangouts with extensive beer menus like The Town Crier, to lively rooftop hangouts such as The Porch. Residents who crave a bustling dance floor have Cake Bar & Nightclub, Fiction, Stadium Nightclub, and more. Plus, countless microbreweries like 3 Brewers Adelaide.

    Transportation

    180 University Ave Flexes its way to a flawless 100 Walk Score — as resident of this building you can get everything done with just two feet and a heartbeat, no matter what you have on the agenda. Grocery shopping can be accomplished effortlessly, as there’s a Rabba Fine Foods less than a 2 minute walk from the front door.

    With so much urban convenience, you could forgive the Shangri-La for not having green spaces nearby… except that it does, because David Pecaut Square is just a short walk away. For residents who need a little more nature in their lives, you can make your way south for lakeside parks and the Waterfront Recreational Trail.

    When not walking, public transit will likely be your preferred method of travel — there are at least 7 bus routes with stops outside of 180 University Ave, north and southbound buses on University, and east and westbound streetcars on King. And if you need subway lines, St Andrew Station is just a few blocks south.

    There’s no way to claim a driver friendly environment — if your teeth aren’t gritted in this area of town then you must be a master of breathing exercises. Nonetheless, car owners can reach the nearest highway somewhat quickly by heading south on University to York Street for the Gardiner Expressway…expect traffic, lots and lots of traffic.

    2

    Listings For Rent

    Interested in receiving new listings for rent?

    Amenities

    Sauna
    Recreation Room
    Media Room
    BBQ
    Security System
    Underground Parking
    Party/Meeting Room
    Guest Suites
    Business Centre
    Concierge
    Visitor Parking
    Indoor Pool
    Gym

    Maintenance Fees Cover

    Maintenance fees include

    Water

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    Shangri-La vs The Queen West Area

    $179.00
    More Expensive
    per SQFT compared to the neighbourhood average
    Shangri-La's Avg
    price per SQFT
    $1,292
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,113
    / SQFT

    Building Trends At Shangri-La

    Days on Market

    Units at Shangri-La spend an average of
    41
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have a

    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    5.8
    YEARS before being sold again

    Property Value

    8%
    Increase in property value within the past twelve months

    Price Ranking

    7th
    Highest price per SQFT out of 44 condos in the Queen West area

    Sold Units

    23
    Units were Sold over the past twelve months

    Rented Units

    72
    Units were Rented over the past twelve months

    Best Value

    Shangri-La offers the
    ?
    best value out of 44 condos in the Queen West neighbourhood

    Return on Investment

    Shangri-La has the
    ?
    highest ROI out of 44 condos in the Queen West neighbourhood

    Rental Yield

    Shangri-La yields the
    ?
    highest rent prices out of 44 condos in the Queen West neighbourhood

    High Demand

    Shangri-La is the
    ?
    most popular building out of 44 condos in the Queen West neighbourhood

    Sales vs Rental Values For This Condo

    1 Bed800 - 3517 SQFT
    Average Cost Per Sqft$1,378
    Sales Price Range$1,005,000 - $1,228,000
    Rental Price Range$3,100 - $32,347
    1 Bed + Den1100 - 1119 SQFT
    Average Cost Per Sqft$1,364
    Sales Price Range$1,480,000 - $1,499,000
    Rental Price Range$4,200 - $5,200
    2 Bed1148 - 2300 SQFT
    Average Cost Per Sqft$1,310
    Sales Price Range$1,595,000 - $2,530,000
    Rental Price Range$5,250 - $15,000
    2 Bed + Den1600 - 2328 SQFT
    Average Cost Per Sqft$1,382
    Sales Price Range$2,080,000 - $3,000,000
    Rental Price Range$6,000 - $11,000

    How Often Are Units Listed?

    Studio400 - 400 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building1%
    1 Bed800 - 3517 SQFT
    Average Sales Availability
    Every50Days
    Average Rental Availability
    Every17Days
    Ratio of Unit Type in Building23%
    1 Bed + Den1032 - 1150 SQFT
    Average Sales Availability
    Every141Days
    Average Rental Availability
    Every39Days
    Ratio of Unit Type in Building10%
    2 Bed1148 - 3400 SQFT
    Average Sales Availability
    Every39Days
    Average Rental Availability
    Every13Days
    Ratio of Unit Type in Building40%
    2 Bed + Den1600 - 3258 SQFT
    Average Sales Availability
    Every77Days
    Average Rental Availability
    Every25Days
    Ratio of Unit Type in Building25%
    3 Bed3415 - 4400 SQFT
    Average Sales Availability
    Every266Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building2%
    3 Bed + Den1773 - 3272 SQFT
    Average Sales Availability
    Every298Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building2%

    Maintenance Fees
    Shangri-La vs The Queen West Area

    $0.29
    More Expensive
    per SQFT compared to the neighbourhood average
    Shangri-La's Avg
    monthly maintenance
    fee per SQFT
    $1.03
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.74
    / SQFT

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