Gurvinder Nokwal REALTOR®
For Sale Condo Apartment 50 days on market

$724,000 ↓ $65,900 from $789,900

Est. payment $3,206/moCalculate yours

488 University Avenue 3901, Toronto, ON M5G 0C1

Kensington-Chinatown, Toronto, ON M5G 0C1

  • 2 Beds
  • 2 Baths
  • 600 Sq Ft

Listing courtesy of FIRST CLASS REALTY INC. MLS® C13725650

About this home

Experience elevated downtown living at 488 University Avenue. This exceptional 2-bedroom, 2-bathroom residence offers soaring 10-foot ceilings, floor-to-ceiling windows and breathtaking, unobstructed south-facing skyline views. Step onto the private 115 sq. ft. balcony-an ideal setting for morning coffee or relaxing at the end of the day.The sleek, modern kitchen features quartz countertops, European-style built-in appliances and upgraded cabinetry that provides valuable additional storage. The original built-in microwave space has been thoughtfully replaced with three extra drawers. The bright, open-concept living and dining area is filled with natural light, while dimmable lighting in the kitchen and hallway creates the perfect ambience.Both bedrooms are generously sized and enhanced with custom-built closets. The second bedroom features a frosted sliding door that provides privacy while allowing natural light to flow through. The primary suite is a serene retreat with motorized blackout blinds and a spa-inspired ensuite bathroom. Additional upgrades include a custom hallway closet, an LED mirror in the guest bathroom, a smart Ecobee thermostat and a brand-new all-in-one washer and dryer installed in 2025.Residents enjoy five-star amenities, including a fitness centre, indoor pool and rooftop terrace. Ideally located steps from St. Patrick Subway Station, Hospital Row, the University of Toronto, Toronto Metropolitan University, Queen’s Park and the Financial District, with outstanding dining, shopping, culture and entertainment at your doorstep.Downtown Toronto living at its absolute finest.

Property details

Overview

Property Type
Condo Apartment
Style
Apartment
For
For Sale
Status
Price Change
Size
600 sqft

Interior

Bedrooms
2
Bathrooms
2
Kitchens
1
Basement
None

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Concrete, Metal/Steel Siding
Foundation
Concrete

Lot & Parking

Parking
None garage
Zoning
Residential

Financial

Property Taxes
$4,074 (2026)
Condo Fee
$641/mo
Fee Includes
Common Elements Included, Building Insurance Included
Pets
Yes-with Restrictions

Location

Neighbourhood
Kensington-Chinatown
Cross Street
University Ave at Dundas St. W.

Listing

MLS® Number
C13725650
Days on Market
50
Listed On
2026-08-29
Possession
TBA
Listed By
FIRST CLASS REALTY INC.

Rooms

Room Level Dimensions
Kitchen Flat 10′ 9″ × 12′ 5″
Dining Room Flat 14′ 1″ × 9′ 0″
- Flat 9′ 8″ × 9′ 0″
Bathroom Flat -
Bathroom Flat -
Bedroom 2 Flat 10′ 0″ × 8′ 9″

Features

Interior

  • None

Amenities

  • Concierge
  • Elevator
  • Exercise Room
  • Gym
  • Indoor Pool
  • Party Room/Meeting Room

Mortgage calculator

Minimum for this price: $47,400 (6.55%)

Amortization, years

Estimated mortgage payment

$3,206 per month

Principal and interest
$3,206
Property tax
$340
Condo fees
$641
Estimated monthly cost
$4,187

Your mortgage

Mortgage amount
$579,200
Mortgage insurance
Not needed
Interest over 25 years
$382,515

Cash to close

Down payment
$144,800
Land transfer tax (Ontario + Toronto)
$21,910
Total, before legal fees
$166,710
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

488 University Avenue 3901, Toronto, ON M5G 0C1 Kensington-Chinatown, Toronto, ON M5G 0C1
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$724,000 488 University Avenue 3901, Toronto, ON M5G 0C1
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