33 University Avenue
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About 33 University Avenue — Empire Plaza
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.
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Price Cut: $75 (Oct 21)
Price Cut: $200 (Nov 20)
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
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Building Trends At Empire Plaza
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Transaction Insights at 33 University Avenue
1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
---|---|---|---|---|---|---|
Price Range | No Data | $599,900 - $695,000 | $1,045,500 | $825,000 - $1,180,000 | $920,000 - $1,525,000 | No Data |
Avg. Cost Per Sqft | No Data | $779 | $782 | $659 | $651 | No Data |
Price Range | $3,500 | $2,750 - $3,300 | $3,800 | $3,400 - $4,950 | $4,600 - $5,500 | $6,000 |
Avg. Wait for Unit Availability | 513 Days | 79 Days | 296 Days | 144 Days | 856 Days | 1417 Days |
Avg. Wait for Unit Availability | 113 Days | 45 Days | 193 Days | 49 Days | 550 Days | 599 Days |
Ratio of Units in Building | 7% | 38% | 19% | 33% | 3% | 2% |
Unit Sales vs Inventory
Total number of units listed and sold in City Center - Toronto