Listed for:Listed 10 days ago
$1,150,000

Unit 3002, 488 University Avenue

Toronto (Kensington-Chinatown), ON M5G 0C1

Condo Apartment For Sale
The Residences of 488 University Avenue exteriorThe Residences of 488 University Avenue55 storeys, 453 suites, built 2017
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for Unit 3002, 488 University Avenue, Toronto, Kensington-Chinatown

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About Unit 3002, 488 University Avenue, Toronto, Kensington-Chinatown

Summarized Description

  • 3 bedroom corner suite with skyline views
  • 1042 sqft interior plus 180 sqft private balcony
  • Floor to ceiling windows and hardwood floors
  • Spa inspired ensuite with freestanding tub
  • Valet parking included, rare in the area
  • Located in downtown Toronto near major amenities
  • Direct subway access for easy city connectivity

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$5,970
Land Transfer Tax Fee
$38,950

Condo/Maintenance Fee

Maintenance Fee
$970 /month

Included In Maintenance Fee

  • Heat Included
  • CAC Included
  • Common Elements Included
  • Building Insurance Included

Rental Items

Parking Garage Cost
$192 /month

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
In-Suite Laundry
Interior Extras
Other
View
City, Skyline
Security Features
Security System, Security Guard
Fireplace/Stove
No
Elevator
No

Exterior Features

Balcony
Open

Building Amenities

  • Concierge
  • Gym
  • Indoor Pool
  • Party Room/Meeting Room
  • Rooftop Deck/Garden
  • Sauna

Building

Building Type
Condo Apartment
Building Style
Apartment
Building Name
The Residences of 488 University Avenue
Condo Corp Number
2770

Construction

Exposure
North East
Exterior Finish
Concrete
Special Designation
Unknown

Inclusions

Inclusions
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.

Parking & Garages

Garage Type
Underground
Garage Spaces
1
Parking Type
Exclusive
Parking Spaces
1
Total Garage And Parking Spaces
1

Lockers

Locker Type
None

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air

Bedrooms
3
Washrooms
2
Kitchens
1
Family / bonus room
Yes

Room sizes

  • Kitchen—
    Main level, Open Concept, Centre Island, Marble Counter
  • Primary Bedroom—
    Main level, East View, Window Floor to Ceiling, B/I Closet
  • Bathroom—
    Main level, Soaking Tub, 4 Pc Ensuite, Marble Floor
  • Foyer—
    Main level, B/I Shelves, Hardwood Floor
  • Other—
    Main level, NE View, Balcony, NW View
  • Bedroom 2—
    Main level, Window Floor to Ceiling, Closet, Hardwood Floor
  • Bedroom 3—
    Main level, Closet, Hardwood Floor
  • Living Room—
    Main level, W/O To Balcony, Window Floor to Ceiling, Hardwood Floor

Washrooms

  • 4-piece, Main
  • 4-piece, Main

Municipality
Toronto
Neighbourhood
Kensington-Chinatown
Main cross streets
University Ave & Dundas St W
Directions
University Ave & Dundas St W

MLS® number
C13864532
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-05
Updated on
2026-10-07
Days on market
10 days
Possession type
Flexible
Co-op commission
3% + HST
Seller
Listed by
PROPERTY.CA INC.

Home Market Value

Current home valuation for Unit 3002, 488 University Avenue, Toronto, Kensington-Chinatown, Toronto, ON. Listed for $1,150,000

HOMEH Estimate

?

$1,141,062

Estimated Sales Range

?

$901,439 - $1,380,685

HOMEH Estimate for Unit 3002, 488 University Avenue, Toronto, Kensington-Chinatown

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$1,141,062Medium confidence
Based on 4 comparable properties
+ $8,938 (1%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Toronto, ON
Minimum Down Payment Required:7.8%

5% on first $500K + 10% on $650,000 over $500K

Minimum down payment

$90,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$42,366$32,085$27,370$0
=Total mortgage
$1,101,516$1,067,085$1,004,870$920,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$5,378monthly$5,210monthly$4,906monthly$4,492monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$19,475

Municipal (Toronto)

$19,475

Total Land Transfer Tax

$38,950

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10/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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