For sale · Condo Apartment
488 University Avenue #3901.
Kensington-Chinatown, Toronto, ON M5G 0C1
In The Residences of University Avenue, 488 University AvenueBuyer's market
Condo market in Kensington-Chinatown. New listings are outpacing sales, so buyers have more choice and room to negotiate. Homes here sell in about 44 days. Market data
Sales-to-new-listings ratio, last 3 months: 33%
Months of supply: 6.1
What it means
- Buyer's market in Kensington-Chinatown: condos take about 44 days to sell.
- About 6.1 months of condos for sale in Kensington-Chinatown at the current pace of sales.
At a glance
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.
Suite details
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The suiteproperty type, style, size, exposure
- Property type
- Condo Apartment
- Style
- Apartment
- Size
- 600–699 sq ft
- Exposure
- East
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- None
- Possession
- Tba
Parking and storageparking, garage, locker
- Parking
- 0
- Garage
- None
- Locker
- None
Fees and taxesmaintenance, property taxes, price per sq ft
- Maintenance
- $641/mo
- Property taxes
- $4,074 (2026)
- Price per sq ft
- $1,115
Building and rulesstoreys in building, pets
- Storeys in building
- 22
- Pets
- Yes-with Restrictions
Rooms5 rooms with sizes
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Flat | 3.28 × 3.79 m | hardwood floor · modern kitchen |
| Dining Room | Flat | 4.29 × 2.74 m | open concept · combined w/kitchen · pot lights |
| Bathroom | Flat | 3 Pc Ensuite | |
| Bathroom | Flat | 3 Pc Bath | |
| Bedroom 2 | Flat | 3.05 × 2.67 m | closet · sliding doors · hardwood floor |
What is includedAppliances and fixtures
All existing appliances, Microwave Oven
Building amenitiesconcierge, elevator, exercise room
What it could cost each month
— a month, estimated
With 20% down. Includes property tax and maintenance. Estimate only.
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- Mortgage—
- Mortgage insurance (added to loan)—
- Maintenance—
- Property tax—
Down payment —. Estimate only, using Canadian semi-annual compounding; your lender's numbers will differ.
How this price compares
Members14 suites sold at The Residences of University Avenue in the last two years.
Sales activity in the building
Number of suites sold each quarter.
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Sale and listing history
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The building and the area

The building
The Residences of University Avenue
488 University Avenue · 27 storeys
Gym · Concierge · Indoor Pool · Party Room/Meeting Room
Listing brokerage · MLS® C13725650First Class Realty Inc.Data last updated Oct 22, 2026 9:30 pm.
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