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    U Condominium
    by Pemberton Group

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

    6for Sale
    22for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    55
    Number of Units:
    1002
    Condo Completion:
    2016
    Condo Demand:
    Medium
    Unit Size Range:
    305 - 3,288 SQFT
    Unit Availability:
    High
    Property Management:
    Shelter Canadian Properties Ltd

    Listing History for U Condominium

    Amenities

    Gym Room
    Rooftop Deck
    Visitor Parking
    Concierge
    Party Room
    BBQ

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 1080 Bay StreetU Condominium

    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.

    6

    Listings For Sale

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    22

    Listings For Rent

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    Nearby Amenities

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    9/10
    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!

    Demographics

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

    Population
    15,057
    Average Individual Income
    $62,581
    Average Household Size
    0 persons
    Average Age
    2
    Average Household Income
    $102,398
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    Household Income
    Housing Types & Tenancy
    High Rise Apartment
    45%
    Semi Detached
    23%
    Detached
    21%
    Low Rise Apartment
    6%
    Duplex
    2%
    Marital Status
    Commute
    Languages
    Arabic
    1%
    Tagalog
    1%
    Mandarin
    9%
    Cantonese
    5%
    Korean
    1%
    Tamil
    1%
    English
    38%
    Other
    44%
    Education
    High School
    20%
    Apprenticeship
    2%
    University and Above
    46%
    College
    15%
    University Below Batchelor
    2%
    None
    12%
    Major Field of Study
    Personal, Protective & Transportation Services
    2%
    Health & Related Fields
    11%
    Architecture & Engineering
    20%
    Humanities
    6%
    Physical Sciences
    5%
    Math & Computer Sciences
    10%
    Social Sciences
    11%
    Education
    3%
    Visual & Performing Arts
    3%
    Business Management
    25%

    Price Trends

    Building Trends At U Condominium

    Days on Strata

    Units at U Condominium spend an average of
    30
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    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
    4
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    2nd
    Highest price per SQFT out of 34 condos in the Bay St. Corridor area

    Sold Units

    26
    Units were Sold over the past twelve months

    Rented Units

    197
    Units were Rented over the past twelve months

    Best Value Rank

    U Condominium offers the
    ?
    best value out of 34 condos in the Bay St. Corridor neighbourhood

    Appreciation Rank

    U Condominium has the
    ?
    highest ROI out of 34 condos in the Bay St. Corridor neighbourhood

    Rental Yield

    U Condominium yields the
    ?
    highest rent prices out of 34 condos in the Bay St. Corridor neighbourhood

    High Demand

    U Condominium is the
    ?
    most popular building out of 34 condos in the Bay St. Corridor neighbourhood

    Transaction Insights at 1080 Bay Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$610,000$800,000 - $902,000$850,000 - $1,053,000$1,080,000 - $1,491,000No DataNo DataNo Data
    Avg. Cost Per Sqft$1,842$1,572$1,566$1,641No DataNo DataNo Data
    Avg. Wait for Unit Availability45 Days24 Days22 Days18 Days77 Days167 Days150 Days
    Ratio of Units in Building12%26%26%30%5%2%2%

    Maintenance Fees

    U Condominium vs The Bay St. Corridor Area

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