$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
Features
Interior
- None
Amenities
- Concierge
- Elevator
- Exercise Room
- Gym
- Indoor Pool
- Party Room/Meeting Room
Mortgage calculator
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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $166,710
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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