488 University Avenue, Toronto C01, ON

$5,650
MLS#:C13044400
2 beds
2 baths
900-999 sqft
1.0 parking
Residential Condo & Other
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Description

Property Highlights

Welcome to this remarkable ["Apartment"] condo apartment located in the coveted neighborhood of Kensington-Chinatown. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $5,650 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 900-999 sqft
  • Features a ["none"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Penthouse living at its finest at the iconic Residences of 488 University Avenue. This beautifully appointed 2-bedroom, 2-bathroom fully furnished suite offers approximately 960 sq ft of thoughtfully designed living space, delivering a seamless blend of luxury and convenience in one of Toronto's most prestigious addresses. Featuring soaring 10-foot ceilings and floor-to-ceiling windows, the unit is filled with natural light and showcases stunning west-facing city views. The sleek, modern kitchen is outfitted with upgraded built-in appliances, marble countertops, and wood veneered cabinetry - designed for the resident who appreciates both form and function. Automated electric blinds, premium finishes, and generous living and dining furniture from West Elm make this suite equally suited to quiet evenings in or effortless entertaining. Both bedrooms are generously sized, with a well-appointed primary suite featuring a spa-inspired ensuite. Located in a world-class, award-winning building with direct subway access, this residence places you steps from U of T, Toronto Metropolitan University, major hospitals, the Financial District, Queen's Park, Eaton Centre, and more. Residents enjoy access to exceptional 5-star amenities including top-of-the-line valet parking, 24-hour concierge, a state-of-the-art fitness centre with spa, indoor pool, party room, Sky Bar, and more. A rare opportunity to live in a fully furnished penthouse suite in the heart of downtownToronto.

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Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
900-999 sqft
Property Type
Residential Condo & Other

Additional Details

StatusActive
Listed Date4/25/2026
Transaction TypeFor Lease

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone
CountyToronto

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Clear View, Hospital, Library, Park, Place Of Worship, Public Transit

Interior Features

Carpet Free

Security Features

Security Guard, Concierge/Security

Community Features

Location

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488 University Avenue, Toronto C01, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 488 University Avenue 5308, Toronto C01, ON M5G 0C1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$4,520
Monthly Mortgage$26
Property Tax (Est.)$0
Utilities & Maint.$350
Total Monthly Cost$376

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Toronto C01.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Kensington Chinatown, Toronto C01.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,139,156

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Ogden
Public33 Phoebe Street, Toronto, Ontario, M5T 1A8
6.8
Orde Street
Public18 Orde Street, Toronto, Ontario, M5T 1N7
6.2
St Edward
PublicEdward Street, Toronto, Ontario, M5G 1E2
9.0
Ryerson
Public96 Denison Avenue, Toronto, Ontario, M5T 1E4
4.1
Whitney
PublicQueen's Park Crescent West, Toronto, Ontario, M5S 3M2
9.7

Secondary Schools

St. Mary’s
Catholic9 Portugal Square, Toronto, Ontario, M6J 2H2
4.9
St. Joseph’s
Catholic74 Wellesley Street West, Toronto, Ontario, M5S 1C4
7.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.