Home · Buy · Toronto C01 · 488 University Avenue 5101, Toronto, ON M5G 0C1
+ 18 photos
For Sale · Condo Apartment
488 University Avenue 5101, Toronto, ON M5G 0C1
Toronto C01 · Kensington-Chinatown
ApartmentUnderground garageEast exposure
2
Beds
2
Baths
0
Parking
600-699
Sq ft
—
Built
The honest picture
List price
$799,000
Renavu Estimate
—
Benchmark · Condo Apt
$505,900
Listed 58% above the Kensington-Chinatown benchmark for condo apt homes (TRREB HPI, June 2026). Estimate for guidance only — not an appraisal.
About this home
True Definition Of Luxury Condo Living! "The Residences Of 488 University" Spectacular 2 Bedroom Split Layout Stunner Offering Nearly 700Sqft + Full Length Balcony Boasting Private Unobstructed North Views Of Queens Park & Beyond With No Other Balconies In Sight! Super Functional Floor Plan With No Wasted Space Filled With Natural Light, High End Finishes, Floor To Ceiling Windows, Hardwood Floors & 9Ft Ceiling Through Out. Combined Living & Dining. Primary Bedroom With 3Pc Smart En-Suite Bath & W/I Closet. ALL Appliances, Pot Lights, Centre Island With Under Mount Sink & Granite Counters With Custom Backsplash ! 99 Walk-Score With All The Perks Of Downtown Core Living Featuring Direct Access To St. Patrick Station, Walking Distance To A+ Hospitals & Research Centres, U Of T, Eaton Centre & So Much More. Incredible Amenities.
Property details
Listed on
July 21, 2026
Days on market
5 days
Property tax
$4,074.42 (2026)
Style
Apartment
Heating
Forced Air
Cooling
Central Air
MLS®
C13586602
Full details
Parking
GarageUnderground
Room dimensions
Room
Level
Dimensions
Features
Room
Main
—
—
Living Room
Flat
—
—
Room
Flat
—
—
Bedroom
Flat
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3 Pc Ensuite, Walk-In Closet(s), Large Window
Bedroom 2
Flat
—
Hardwood Floor, Sliding Doors
Kitchen
Flat
—
Open Concept, B/I Appliances, Modern Kitchen
Living Room
Flat
—
Hardwood Floor, W/O To Balcony, Combined w/Dining
Dining Room
Flat
—
Hardwood Floor, Open Concept, Combined w/Living
Bathroom
Flat
—
3 Pc Ensuite
Bathroom
Flat
—
3 Pc Bath
Property & sold history
🔒
See this home's sale & listing history
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What you actually need in cash — land transfer tax, closing costs, and your down payment.
Purchase price
$
Down payment · 6.9%
$
Down:or type any amount above
This price requires at least 6.9% down (5% on the first $500K, 10% above).
Legal fees
$
Title insurance
$
Home inspection
$
Ontario land transfer tax$12,455
Toronto municipal LTT$12,455
Legal · title · inspection$2,800
Closing costs$27,710
Down payment$54,900
Total cash to close$82,610
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.