Every great city has its iconic avenue and Toronto has University Avenue its most ceremonial grand avenue. University Avenue’s proximity to Toronto’s downtown core and the fact that many hospitals, and research facilities are located along University are the prime factors for attracting a mixture of professionals, scientists and techies. However, this area is not just about work and study, along University Avenue you will find many restaurants and cafes, some of the more popular include; Nota Bene, Tundra, Ruth’s Chris Steakhouse, The Queen Mother, Ematei, and Lai Wah Heen.
Public Transportation wise this area is well connected; the Yonge-University-Spadina subway line runs along the length of University Avenue. Also four union stations; Queen’s Park, St. Patrick, Osgoode, and St. Andrew serve University Avenue. Moreover, the University neighbourhood passes through all the major districts in Toronto; the Financial District, the Hospital District and the Discovery District. Within the neighbourhood you will find a mix of residential options.
The southern end of University Avenue is more residential, there are many condos and restaurants and an increasing number of lofts with many of the factories under renovation. Some of the fabulous condos along University Avenue include the Residences of RCMI, the Residences of 488, and the Shangri-La condos. The RCMI Residences are fairly new condos, completed in 2013, located at Dundas and University, these suits vary in size from 679 Sq. ft. to 740 Sq. ft. The price of the condos also ranges from as low as $514,990 to as high as $539,990. The Residences of 488 University Avenue is a new condo development by Amexon Development scheduled to be completed in 2017. The development has 453 units with 14 different floor plans to choose from. Suit sizes vary from the 544 Sq. ft. one bedroom suit to the 1620 Sq. ft. three bedroom suit, all suits have a balcony. Expect to pay between $454,800 up to $1,428,800. At Shangri-La elegance is the standard. In fact the Shangri-La is considered Toronto's finest luxury condo located at the corner of University Avenue and Adelaide Street. The Shangri-La is a half hotel/ half residential complex; hotel rooms are located up to the 17th floor, the residences condominium suits are located from the 18th to the 49th floor, and the private estates codominium suits are located on floors 50 to 66. The penthouse suites at the Living Shangri-La are two storey units located on the 65th and 66th floor. Suit prices at the Shangri-La range from $2,350,000 up to $2,994,500.