Home · Buy · Toronto C01 · 488 University Avenue 3901, Toronto, ON M5G 0C1

For Sale · Condo Apartment

488 University Avenue 3901, Toronto, ON M5G 0C1

Toronto C01 · Kensington-Chinatown

ApartmentUnderground garageEast exposure

Beds

Baths

Parking

600-699

Sq ft

—

Built

The honest picture

List price

$850,000

Renavu Estimate

—

Benchmark · Condo Apt

$505,900

Listed 68% above the Kensington-Chinatown benchmark for condo apt homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.

About this home

Welcome to elevated downtown living at one of Toronto's most prestigious addresses 488 University Avenue. This stunning 2-bdrm, 2-bath luxury condo offers an exceptional blend of sophistication, comfort & convenience in the heart of the city. Featuring a thoughtfully designed interior plus a spacious 115 sqft balcony, this residence boasts soaring 10-ft ceilings & flr-to-ceiling windows that flood the space with natural light while showcasing breathtaking, unobstructed south-facing views of Toronto's skyline. The modern kitchen is a chef's dream, complete with sleek European built-in appliances, quartz countertops, and premium finishes throughout. Thoughtfully upgraded, the built-in microwave has been replaced with three additional drawers-enhancing both functionality & storage. The open-concept living area is ideal for entertaining or unwinding in style, elevated further by dimmable pot lights that allow you to set the perfect ambiance. Both bdrms are generously sized & designed for comfort & privacy. Custom upgraded built-in closets are featured in the hallway & 2nd bdrm, maximizing storage with a refined touch. The second bdrm includes a frosted sliding door, offering flexibility & privacy without sacrificing light. The primary suite is a true retreat, complete with blackout blinds with remote control & a spa-inspired ensuite. Additional premium upgrades include a LED mirror in bathroom, smart Ecobee thermostat for enhanced climate control & a convenient all-in-one washer & dryer(2025), blending efficiency with modern living. Residents enjoy access to world-class, 5-star amenities, including a fully equipped fitness centre, indoor pool & outdoor rooftop terrace-perfect for enjoying Toronto's vibrant lifestyle year-round. Located with direct subway access via St. Patrick Station & just steps to hospital row, UofT, Toronto Metropolitan University (Ryerson), Queen's Park & the Financial District, this address offers truly unmatched urban convenience.

Property details

Listed on

April 14, 2026

Days on market

101 days

Property tax

$4,004.2 (2026)

Style

Apartment

Heating

Forced Air

Cooling

Central Air

MLS®

C12994256

Full details

Parking

GarageUnderground

Property & sold history

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See this home's sale & listing history

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Run the numbers

True cost to close

What you actually need in cash — land transfer tax, closing costs, and your down payment.

Purchase price

Down payment · 7.1%

Down:or type any amount above

This price requires at least 7.1% down (5% on the first $500K, 10% above).

Property is in the City of TorontoFirst-time buyer

Legal fees

Title insurance

Home inspection

Ontario land transfer tax$13,475

Toronto municipal LTT$13,475

Legal · title · inspection$2,800

Closing costs$29,750

Down payment$60,000

Total cash to close$89,750

Estimates only, not legal or tax advice. Ontario LTT rates 2025; City of Toronto MLTT applies inside Toronto (incl. Scarborough, North York, Etobicoke, York, East York). Durham and Markham buyers pay no municipal LTT.