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Shangri-La | Featured Luxury Condo Building

May 6, 2020 • 3 min read

Hotel & Residences

Address: 180-188 University Ave

Intersection: University & Adelaide

# of Floors: 65

# of Units: 393

# of Hotel Rooms: 202 (first 17 floors)

Age of Building: 7 years (Built - 2012 | Completed - 2013)

Architect: Hariri Pontarini

Also designed One Bloor St E, Square One District (Mississauga), One Yonge, Garrison Point, Massey Tower, Kingly Condos, Ivory on Adelaide + much more

Developer: Westbank Projects Corp

Also built Mirvish Village (2022), King Toronto (2022), large presence in Vancouver/West Coast

Amenities

Average Sale Price for past year: $1,731,900
Previous Year: $1,980,738 | -12%

1-Bed/+Den: $1,232,550
Previous Year: $1,047,929 ~ +18%

2-Bed/+Den: $2,064,800
Previous Year: $2,020,000 ~ +2%

Average Rental Price for past year: $6,996
Previous Year: $6,099 ~ +15%

1-Bed/+Den: $4,394
Previous Year: $4,658 ~ -6%

2-Bed/+Den: $7,610
Previous Year: $7,301 ~ +4%

3-Bed/+Den: $18,425

Average Taxes for Building (2019): $7,814.47

Average Maintenance Fees for Building (2019): $1,442.73

Interesting Facts or Features

The public work of art at the entrance is a sculpture called "Rising" by Zhang Huan
Received City of Toronto Urban Design Awards, Award of Excellence - Elements in 2013
First project in Toronto with 8 levels of underground parking
Building has the fastest elevators in North America
Hotel houses 2 fine dining restaurants, luxury spa & valet service for residents
Building features a Green Roof to minimize the heat-island effect
The Bishops' Block Heritage Building at the South-West corner was constructed in 1829 & was painstakingly restored as a part of the building's construction

Most expensive sale price for building: PH1| $8,000,000