High-Rise Condo

U Condominium

by Pemberton Group

1080 Bay Street, Toronto, ON M5S 0A5

Year Built

2016

Total Units

1,002

Avg $/sqft

$1,090

Storeys

Overview

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 Street 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.

Developer

Pemberton Group

Year Built

2016

Property Type

High-Rise Condo

Storeys

Total Units

1,002

Management

Shelter Canadian Properties Ltd

Amenities

Underground Parking

Rec Room

Fitness Centre

Sauna

Rooftop Garden

Visitor Parking

BBQ Area

Party Room

24/7 Concierge

Price History

737 records

Loading history…

Market Stats

Prices in U Condominium are down 9.0% compared to last year.

$1,090

Avg $/sqft

-9.0%

YoY change

Avg days on market

Location & Walkability

Walk Score

99/100

Daily errands on foot

Transit Score

97/100

TTC, GO, subway access

Bike Score

75/100

Bike lanes & infrastructure

Neighbourhood in Toronto

Bay Street Corridor

urban walkable convenient

Bay Street Corridor is a vibrant neighbourhood in Toronto. It offers a mix of urban living with easy access to amenities.

Median sale price is $468,000 Only one condo for sale No rental listings available

Bay Street Corridor, Toronto — HOMEH neighbourhood guide

Toronto, Ontario

What it costsAffordability

Median asking price

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

On the marketMarket snapshot

For sale

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Affordable compared to city median
Great location for walking
Access to good schools

Keep in mind

Limited housing options for rent
Prices are lower than city median but still significant

The feel of the placeLifestyle

Daily life here is active and convenient, with many services nearby. Residents enjoy a lively city atmosphere.

Great for first-time buyers young professionals

Within the boundaryWhat's nearby

The boundary

1.8 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

180

Restaurants

131

Cafés

Gyms

Libraries

Pharmacies

Counted across all 1.8 km² of Bay Street Corridor. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.2/10

Average rating of the 1 rated school in this area

Elementary

Secondary

St Joseph's College School
Catholic · Grades 9–12 · Toronto CDSB
7.2/107.6 over 5 yrs
178th of 742 Ontario secondary schools
545 students · EQAO 2024-2025
Hospital for Sick Children - Eating
Public · Grades 9–12 · Toronto DSB
Not rated
Hospital for Sick Children - Medical EL
Public · Grades JK–8 · Toronto DSB
Not rated
Hospital for Sick Children-Substance Abu
Public · Grades 9–12 · Toronto DSB
Not rated
HSC Medical - SEC
Public · Grades 9–12 · Toronto DSB
Not rated
HSC Seizure Disorder
Public · Grades K–8 · Toronto DSB
Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Bay Street Corridor, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

30,479

Population (2021)

1.8 km²

Area

16,677

People per km²

Median age

$64,561

Median income

31%

Own their home

1.6

People per household

18,040

Households

Every age

Children (under 15)5.8%
Working age (15–64)84.2%
Seniors (65+)10.0%

What is built here

Low-rise apartments1.1%
High-rise apartments98.6%

Own or rent

31%Owners

69%Renters

Across 18,040 households

When it was built

Mostly 2016–2021

1960 or earlier3%
1961–198010%
1981–199014%
1991–200011%
2001–20056%
2006–201013%
2011–201519%
2016–202124%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

43.1%
Born outside Canada: 69.4%
Hold a degree or higher: 59.2%
Employment rate: 22.5%
Commute by transit: 22.3%
Commute by car: 1.4
Children per family: $56,864
Median income after tax: $97,834
Average household income: 27%
Living on a low income: $2,032/mo
Renters pay, per month: $1,910/mo
Owners pay, per month: $836,655
Median home value at census: 58.8%
Renters spending 30%+ of income on housing: 47.7%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 22 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry, Photo: © Wikimedia Commons contributors (CC BY-SA)