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For sale · Condo Apartment

488 University Avenue #3901.

Kensington-Chinatown, Toronto, ON M5G 0C1

In The Residences of University Avenue, 488 University Avenue
On the market61 days
MLS® C13725650Courtesy of First Class Realty Inc.
Bedrooms2
Bathrooms2
Square feet600–699About $1,114 per sq ft
ParkingNoneLocker: None

Buyer'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

Maintenance$641 / month
Property taxes$4,074 / year
Price per square footAbout $1,114
ExposureEast

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

Click the + to read more.

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
RoomLevelSizeFeatures
KitchenFlat3.28 × 3.79 mhardwood floor · modern kitchen
Dining RoomFlat4.29 × 2.74 mopen concept · combined w/kitchen · pot lights
BathroomFlat3 Pc Ensuite
BathroomFlat3 Pc Bath
Bedroom 2Flat3.05 × 2.67 mcloset · sliding doors · hardwood floor
What is includedAppliances and fixtures

All existing appliances, Microwave Oven

Building amenitiesconcierge, elevator, exercise room
  • Concierge
  • Elevator
  • Exercise Room
  • Gym
  • Indoor Pool
  • Party Room/Meeting 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—
  • Maintenance—
  • Property tax—

Down payment —. Estimate only, using Canadian semi-annual compounding; your lender's numbers will differ.

How this price compares

Members

14 suites sold at The Residences of University Avenue in the last two years.

Sales activity in the building

Number of suites sold each quarter.

0 Jan–Mar 2025 4 sold, Apr to Jun 2025 4 Apr–Jun 2025 2 sold, Jul to Sep 2025 2 Jul–Sep 2025 0 Oct–Dec 2025 3 sold, Jan to Mar 2026 3 Jan–Mar 2026 1 sold, Apr to Jun 2026 1 Apr–Jun 2026 3 sold, Jul to Sep 2026 3 Jul–Sep 2026 1 sold, Oct to Dec 2026 1 Oct–Dec 2026 so far

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Sale and listing history

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The building and the area

The Residences of University Avenue

The building

The Residences of University Avenue

488 University Avenue · 27 storeys

Gym · Concierge · Indoor Pool · Party Room/Meeting Room

7For sale now
10For rent now
8Sold, last 12 months

Listing brokerage · MLS® C13725650First Class Realty Inc.Data last updated Oct 22, 2026 9:30 pm.

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein is deemed reliable but is not guaranteed accurate by TRREB or its members. It is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under licence.

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