Empire Plaza
2Listings for Salefor Sale
6Listings for Rentfor Rent
33 University Ave
Empire Plaza
33 University Aveexpand addresses list
    2Listings for Salefor Sale
    6Listings for Rentfor Rent
    Walk Score
    100
    Transit Score
    100
    Bike Score
    75
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    Average
    Unit Availability
    Average
    Property Type
    Condo
    Developer
    Creson Corporation
    Condo Completion
    1990
    Property Management
    Icon Property Management
    Unit Size Range
    628 - 6479 SQFT
    Number of Units
    224
    Number of Storeys
    28

    33 University Ave, Toronto

    About this condo

    Condo Overview

    It may come as a surprise to many that the first condo on Toronto’s prestigious University Avenue, which connects Queens Park and Union Station, was built relatively recently — in 1990. Today a landmark in its own right, the Creson Corporation’s Empire Plaza at 33 University Avenue Avenue are attractive luxury homes, even in comparison with the more recently built developments in the area.

    Standing at 28 storeys tall, the Empire Plaza was designed by the renowned Young + Wright Architects. This firm’s inventive design, a modern circular structure, showcases an enormous expanse of windows. A grand window wall encompassing almost all of the northwest face of the tower casts a stunning impression, allowing the designers to keep the rest of 33 University elegant and understated. In doing so, Young + Wright chose for most of the building to be clad in distinguished granite.

    33 University conveniently contains well-established shops and eateries At street level, as well as a sophisticated lobby, cared for by 24-hour concierge service. And that’s just one of the many amenities offered to those living in the Empire Plaza. For those who love to work out, residents will love having access to the building’s well-equipped fitness facilities. Prospective buyers who plan to host friends and family will be won over by the posh party room, as well as its rooftop garden that boasts captivating views of the city.

    The Suites

    The Empire Plaza's circular structure isn’t just beautiful — it’s practical too. The design carves out plenty of space for long series of windows, which then grace the building’s 224 suites with an abundance of natural light. This light moves quite well through the suites, courtesy of the thoughtful layouts of each living space. The homes range in size from approximately 550 to 3,200 square feet, and vary from one and two bedroom floor plans, with and without dens. And for those interested in Toronto condos for sale with a little more prestige, the building is also home to a select number of three-bedroom penthouses.

    As smart as the suites’ floor plans are, especially considering the chic solariums throughout, these condos feature state-of-the-art design their residents cannot see: the thick windows and innovative engineering reduces sound from both their neighbours in the building, as well as the bustling city streets surrounding them. As a result, even as deep in downtown Toronto as they are, these living spaces prove to be serene escapes for 33 University’s residents.

    The Neighbourhood

    Located in the City Centre neighbourhood at the corner of Yonge and Wellington, the neighbours of the Empire Plaza Condos happen to be some of Toronto’s most stalwart skyscrapers. Since these are much sought-after spaces that major businesses wish to inhabit, most of the shopping here is instead done underground. Fortunately, this underground mall known as the PATH is an extensive network of stores and eateries that stretches from Union Station all the way north past College Street.

    Nevertheless, residents can explore other areas beyond the immediate vicinity surrounding their homes: just up the street, there’s a exciting dining and nightlife scene to be discovered in the Entertainment District. Along King Street are the Royal Alexandra and Princess of Wales Theatres — both less than a block away from University Avenue, where theatre lovers can catch live performances. And at Simcoe Street, the Roy Thomson Hall is a concert venue that also happens to be home to the Toronto Symphony Orchestra and the Toronto Mendelssohn choir.

    Finally, for an indulgent dining experience, David Chang’s celebrated Momofuku is about a five-minute walk from the lobby doors, located inside the elegant Shangri-La Hotel on University between Richmond and Adelaide. Spanning 3-storeys, Momofuku caters to a different price point on every floor – but regardless of which level one chooses, the restaurant makes for a great date night in the neighbourhood.

    Transportation

    With the PATH running beneath their homes, residents live in a very walkable neighbourhood is very walkable — even in winter. Still, when those living at 33 University need to travel further from home, the city’s public transit serves them well. A subway line runs along University, yet deep below street level.

    As expected, this subway line is known as the Yonge-University-Spadina line. The station closest is Union Station, just a few minutes south by foot. A major transit hub in the city, Union Station provides access to streetcars that head through the Lakeshore area and around the downtown core. GO Transit, VIA Rail, and the UP Express are all housed within this station as well.

    Last but not least, the building is well located for residents who drive. University Avenue is an exceptionally wide roadway, especially for one that cuts across the downtown core. And, south of Front Street where University becomes York, there’s a convenient onramp for the Gardiner Expressway — often less than ten minutes away.

    2

    Listings For Sale

    Amenities

    Visitor Parking
    Recreation Room
    Party/Meeting Room
    Games Room
    Underground Parking
    Security System
    Gym
    Guest Suites
    Concierge
    Rooftop Deck/Garden

    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
    Empire Plaza vs The City Centre Area

    $231.00
    Less Expensive
    per SQFT compared to the neighbourhood average
    Empire Plaza's Avg
    price per SQFT
    $714
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $945
    / SQFT

    Building Trends At Empire Plaza

    Days on Market

    Units at Empire Plaza spend an average of
    24
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    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
    11.1
    YEARS before being sold again

    Property Value

    0%
    Decrease in property value within the past twelve months

    Price Ranking

    30th
    Highest price per SQFT out of 37 condos in the City Centre area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    29
    Units were Rented over the past twelve months

    Best Value

    Empire Plaza offers the
    ?
    best value out of 37 condos in the City Centre neighbourhood

    Return on Investment

    Empire Plaza has the
    ?
    highest ROI out of 37 condos in the City Centre neighbourhood

    Rental Yield

    Empire Plaza yields the
    ?
    highest rent prices out of 37 condos in the City Centre neighbourhood

    High Demand

    Empire Plaza is the
    ?
    most popular building out of 37 condos in the City Centre neighbourhood

    Sales vs Rental Values For This Condo

    1 Bed880 - 1035 SQFT
    Average Cost Per Sqft$679
    Sales Price Range$705,560 - $769,000
    Rental Price Range$1,850 - $2,300
    1 Bed + Den800 - 1046 SQFT
    Average Cost Per Sqft$762
    Sales Price Range$675,000 - $700,000
    Rental Price Range$1,750 - $2,550
    2 Bed1600 - 1600 SQFT
    Average Cost Per Sqft$750
    Sales Price Range$1,150,000 - $1,150,000
    Rental Price Range
    N/A
    2 Bed + Den1000 - 2000 SQFT
    Average Cost Per Sqft$723
    Sales Price Range$820,000 - $1,065,000
    Rental Price Range$2,400 - $4,250
    3 Bed2576 - 2576 SQFT
    Average Cost Per Sqft
    N/A
    Sales Price Range
    N/A
    Rental Price Range$5,600 - $5,600

    How Often Are Units Listed?

    1 Bed880 - 1050 SQFT
    Average Sales Availability
    Every866Days
    Average Rental Availability
    Every103Days
    Ratio of Unit Type in Building7%
    1 Bed + Den628 - 1350 SQFT
    Average Sales Availability
    Every83Days
    Average Rental Availability
    Every41Days
    Ratio of Unit Type in Building37%
    2 Bed905 - 3155 SQFT
    Average Sales Availability
    Every191Days
    Average Rental Availability
    Every187Days
    Ratio of Unit Type in Building20%
    2 Bed + Den1000 - 2738 SQFT
    Average Sales Availability
    Every123Days
    Average Rental Availability
    Every47Days
    Ratio of Unit Type in Building34%
    3 Bed2500 - 2576 SQFT
    Average Sales Availability
    Every1404Days
    Average Rental Availability
    Every350Days
    Ratio of Unit Type in Building4%
    3 Bed + Den6479 - 6479 SQFT
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building1%

    Maintenance Fees
    Empire Plaza vs The City Centre Area

    $0.12
    Less Expensive
    per SQFT compared to the neighbourhood average
    Empire Plaza's Avg
    monthly maintenance
    fee per SQFT
    $0.70
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.82
    / SQFT

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