Property Address
Description
Condo Project Summary
Towering heights and premium amenities are coming to Toronto’s downtown core in this imposing new condo development.
505 University Avenue Condos is a new mixed-use high-rise condominium development in Toronto. This 64 storey pre-construction project with 704 residential units is located at 505 University Ave, near the southeast corner of University Avenue and Edward Street.
One, two, and three-bedroom suites are available in this area full of development. Located at the north end of the Financial District, these condos are conveniently close to St. Patrick subway station.
Amenities
505 University Avenue Condos showcases stunning amenities that make this a perfect home for urban professionals and young families.
Toronto is undergoing constant change that’s difficult to ignore and this condo is part of it. With a modern glass exterior rising high into the sky, this development is taking the place of the 1958-built Shell Oil Building.
The building’s base has been designed to replicate the original architecture. Exterior materials are being reused to conserve and pay homage to the earlier building’s modernist look, which will help to preserve the streetscape while building the city’s future into the stratosphere.
A twelve-storey podium greets pedestrians at street level with ample retail and office space. Entrances off of University Avenue lead to multiple lobbies, one of which provides access to the building’s residential suites. These are available as follows:
- One-bedroom: 300 units
- One-bedroom + den: 100 units
- Two-bedroom: 168 units
- Two-bedroom + den: 65 units
- Three-bedroom: 71 units
Residents have access to everyday condo perks such as vehicle parking across a multi-level underground parking garage and hundreds of bicycle parking spaces. Lockers are present at parking levels to keep life’s extras safe and secure. A shower and change facility is also present for bicycle commuters who wish to refresh before work. And this is just the beginning.
On the ground floor, residents with pets benefit from two separate and well-thought-out small and large dog runs present at the side of the building. Indoors, a pet spa keeps furry friends fresh. Traveling upwards, immediately above the development’s podium is a stunning, all-inclusive amenity level, designed to suit the most discerning needs.
Residents can exercise in an onsite fitness room complete with the latest equipment. Furthermore, hosting unforgettable celebrations is a seamless event in the party room with an adjacent kitchenette and catering area. An indoor pool provides room to rejuvenate after a long day, along with a spa, a highly-coveted steam room, and sauna for deep core relaxation. Residents can relish the best of urban condo living right outside their door.
Outdoor amenities on this level include a pool deck that spans the entire length of the building complete with multiple group gathering spaces. A wood-floor party and barbecue deck is situated at the rear of the building with space for two private groups under pergola-covered seating. Completing this level is a large outdoor fitness area with a protective play surface and an open-air deck off the indoor pool.
One level up, the benefits continue. Residents can enjoy connecting and reflecting in a leading wifi-study lounge, an indoor theatre, a yoga studio, and a children’s play area. An additional outdoor play area complete with a playscape guarantees young ones stay active and entertained.
With cutting-edge amenities that offer a luxurious approach to downtown living, this condo development presents an alluring investment opportunity. As newcomers and downsizers flock to the city’s downtown core for cultured, transit-supported living, this development will present an ideal and gratifying downtown real estate investment.
Location & Neighbourhood
505 University Avenue Condos is located in the heart of Toronto’s downtown core, on the northern end of its thriving Financial District. Residents at this address are highly connected to the best the city has to offer from world-renowned post-secondary institutions to leading health facilities, immediate government services, state-of-the-art shopping, and cultural attractions.
Just steps away, locals can find Mount Sinai Hospital, the Hospital for Sick Children, and Toronto City Hall. For transportation, riders can reach St. Patrick Subway Station, with connections to Line 1 Yonge–University. It’s no wonder this location scores a Walk Score of 98/100 and a perfect Transit Score of 100/100.
Locals can also benefit from being within a short walking distance of both the University of Toronto and Toronto Metropolitan University. This is an ideal location for student rentals as well as families who foresee children living at home throughout their university years for increased affordability.
Shoppers can head to the iconic Eaton Centre, one of Toronto’s most popular tourist attractions. Here, the latest fashion and trends can be found in an expansive array of over two hundred stores.
This area of the city is full of new development pointing towards a vibrant future. Multiple office towers and residential condominiums are being planned at numerous addresses within the area. Condos are being added atop office towers in many locations, and building replacements are taking hold, transforming the urban landscape. Some projects have even proposed the creation of a 90-acre park, University Park, to stretch from Queen’s Park all the way down to the city’s waterfront in a visionary reimagining of the pedestrian environment.
As the City of Toronto welcomes a staggering hundreds of thousands of new residents in the coming decades and realizes its full potential, this address will present lucrative opportunities for real estate investment profits. Register today to stay connected with the latest information.