
Unit 3002, 488 University Avenue
Toronto (Kensington-Chinatown), ON M5G 0C1
The Residences of 488 University Avenue55 storeys, 453 suites, built 2017- 3Bedrooms
- 2Bathrooms
- 1Parking
- 1000–1199Sq Ft
- $5,970Tax
- $970/moCondo Fee
- Estimated Value:$1,141,062See Free Estimate Report
Sale & Price History for Unit 3002, 488 University Avenue, Toronto, Kensington-Chinatown
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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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.
Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $650,000 over $500K
$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 |
Land Transfer Tax
$19,475
$19,475
$38,950
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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