Listed for:Listed Aug 29, 2026
$724,000

Unit 3901, 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 3901, 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 3901, 488 University Avenue, Toronto, Kensington-Chinatown

Summarized Description

  • Exceptional 2-bedroom, 2-bathroom downtown residence
  • Breathtaking south-facing skyline views
  • Modern kitchen with quartz countertops and built-in appliances
  • Private balcony for relaxation and morning coffee
  • Generously sized bedrooms with custom closets
  • Spa-inspired ensuite bathroom in primary suite
  • Steps from subway, universities, and Financial District
  • Five-star building amenities enhance lifestyle

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,074
Land Transfer Tax Fee
$21,910

Condo/Maintenance Fee

Maintenance Fee
$641 /month

Included In Maintenance Fee

  • Common Elements Included
  • Building Insurance Included

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
Ensuite
Laundry Level
Main Level
Interior Extras
None
Fireplace/Stove
No
Elevator
No

Exterior Features

Balcony
Open

Building Amenities

  • Concierge
  • Elevator
  • Exercise Room
  • Gym
  • Indoor Pool
  • Party Room/Meeting Room

Building

Building Type
Condo Apartment
Building Style
Apartment
Condo Corp Number
2770

Construction

Exposure
East
Exterior Finish
Concrete, Metal/Steel Siding
Foundation Details
Concrete
Special Designation
Unknown

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Type
None
Parking Spaces
0
Total Garage And Parking Spaces
0

Lockers

Locker Type
None

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air

Bedrooms
2
Washrooms
2
Kitchens
1

Room sizes

  • Kitchen—
    Flat level, Hardwood Floor, Modern Kitchen
  • Dining Room—
    Flat level, Open Concept, Combined w/Kitchen, Pot Lights
  • Room—
    Flat level, 3 Pc Ensuite, Walk-In Closet(s), Large Window
  • Bathroom—
    Flat level, 3 Pc Ensuite
  • Bathroom—
    Flat level, 3 Pc Bath
  • Bedroom 2—
    Flat level, Closet, Sliding Doors, Hardwood Floor

Washrooms

  • 3-piece, Flat
  • 3-piece, Flat

Municipality
Toronto
Neighbourhood
Kensington-Chinatown
Main cross streets
University Ave at Dundas St. W.
Zoning
Residential
Directions
University Ave at Dundas St. W.

MLS® number
C13725650
Data source
Toronto Regional Real Estate Board
Listed on
2026-08-29
Updated on
2026-10-22
Days on market
59 days
Possession type
Flexible
Co-op commission
2.5% + HST
Seller
Listed by
FIRST CLASS REALTY INC.

Home Market Value

Current home valuation for Unit 3901, 488 University Avenue, Toronto, Kensington-Chinatown, Toronto, ON. Listed for $724,000

HOMEH Estimate

?

$715,788

Estimated Sales Range

?

$565,473 - $866,103

HOMEH Estimate for Unit 3901, 488 University Avenue, Toronto, Kensington-Chinatown

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

$715,788Medium confidence
Based on 6 comparable properties
+ $8,212 (1%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Toronto, ON
Minimum Down Payment Required:6.5%

5% on first $500K + 10% on $224,000 over $500K

Minimum down payment

$47,400

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$27,049$20,200$17,231$0
=Total mortgage
$703,265$671,800$632,631$579,200
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$3,434monthly$3,280monthly$3,089monthly$2,828monthly
Are you a first time home buyer?

Land Transfer Tax

Provincial

$10,955

Municipal (Toronto)

$10,955

Total Land Transfer Tax

$21,910

Around this home

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