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For sale · Condo Apartment

488 University Avenue #3002.

Kensington-Chinatown, Toronto, ON M5G 0C1

In The Residences of University Avenue, 488 University Avenue
On the market24 days
MLS® C13864532Courtesy of Property.ca Inc.
Bedrooms3
Bathrooms2
Square feet1,000–1,199About $1,045 per sq ft
Parking1Locker: 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$970 / month
Property taxes$5,970 / year
Price per square footAbout $1,045
ExposureNorth East

About this home

This is the home you have been dreaming of. This extraordinary 3 bedroom corner suite offers breathtaking, unobstructed views of the Toronto skyline, with 1042 sqft of interior living space plus a 180 sqft private balcony. Floor to ceiling windows flood the interior with natural light, complemented by wide plank hardwood floors, smooth 10 ft ceilings and modern finishes throughout. Freshly painted. The smart, functional layout leaves no wasted space. The well sized bedrooms offer generous storage, and the large private balcony gives you the perfect spot to relax or entertain outdoors. The primary suite features a spa inspired ensuite with freestanding tub and glass shower for a true retreat at the end of the day. A standout feature of this building is valet parking, a rare offering not found anywhere else in the immediate vicinity. Parking and valet service comes included with the unit, with the parking maintenance fee covering the spot itself. No other building nearby can match this level of convenience. Located in the heart of downtown Toronto, steps to major hospitals, St. Patrick Station, U ofT, TMU, Queen's Park, the Eaton Centre, and the Financial District, with direct subway access for seamless connectivity across the city. Building amenities include a fitness centre, spa, party lounge and sky bar. Whether you are a professional, academic, or simply someone who values the best of city living, this unit has it all.

Suite details

Click the + to read more.

The suiteproperty type, style, size, exposure
Property type
Condo Apartment
Style
Apartment
Size
1,000–1,199 sq ft
Exposure
North East
Heating
Forced Air
Cooling
Central Air
Basement
None
Possession
Flexible
Parking and storageparking, garage, locker
Parking
1
Garage
Underground
Locker
None
Fees and taxesmaintenance, property taxes, price per sq ft
Maintenance
$970/mo
Property taxes
$5,970 (2026)
Price per sq ft
$1,046
Building and rulesstoreys in building, pets
Storeys in building
13
Pets
Yes-with Restrictions
Rooms8 rooms with sizes
RoomLevelSizeFeatures
KitchenMain4 × 3.75 mopen concept · centre island · marble counter
Primary BedroomMain3.45 × 3.1 meast view · window floor to ceiling · b/i closet
BathroomMain2.9 × 2.6 msoaking tub · 4 pc ensuite · marble floor
FoyerMain2.81 × 1.64 mb/i shelves · hardwood floor
OtherMain7.58 × 2.42 mne view · balcony · nw view
Bedroom 2Main2.86 × 2.72 mwindow floor to ceiling · closet · hardwood floor
Bedroom 3Main2.7 × 2.44 mcloset · hardwood floor
Living RoomMain4.4 × 3.78 mw/o to balcony · window floor to ceiling · hardwood floor
What is includedAppliances and fixtures

Prime Location with Top Class Building Amenities in Toronto! Integrated Fridge, Stove, Microwave; Dishwasher, Range Hood; Washer And Dryer. Touch Screen B/I Lighting System In Living. Built in closet in Master Bedroom, Free Standing Soaker Tub & Separate Shower Room. All Custom Made Window Blinds, All Existing Lighting Fixtures. 1 Valet Parking.

Building amenitiesconcierge, gym, indoor pool
  • Concierge
  • Gym
  • Indoor Pool
  • Party Room/Meeting Room
  • Rooftop Deck/Garden
  • Sauna

Maintenance fee includes: Heat

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® C13864532Property.ca Inc.Data last updated Oct 7, 2026 5:23 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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