426 University Avenue, Toronto, ON
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 $465,000 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.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 500-599 sqft
- 0.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to Unit 1002 at 426 University Avenue - where location, lifestyle, and luxury meet! Experience elevated downtown living in this beautiful l-bedroom residence at the iconic Residences at RCMI. Perfectly positioned along Toronto's prestigious University Avenue corridor, this suite places you at the center of it all-just steps from St. Patrick Station, world-class hospitals, major universities, the Financial District, and premier shopping and dining. Insidg, the thoughtfully designed 538 sq. ft. open-concept layout is bright and inviting, featuring soaring 9-foot ceilings and floor-to-ceiling windows. The modern kitchen is both stylish and functional, showcasing sleek cabinetry, granite countertops, and integrated appliances-ideal for everyday living. Residents enjoy access to premium building amenities including a fully equipped fitness centre, 24-hour concierge and security, and convenient bike and car-share facilities. With a near-perfect Walk Score and unbeatable transit access, this address offers the ultimate in urban convenience. Unit 1002 is a perfect opportunity for professionals, investors, or anyone seeking a refined, turn-key home in one of Toronto's most sought-after locations.
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Pricing & Value Insights
Data-driven valuation for 426 University Avenue 1002, Toronto C01, ON M5G 1S9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $465,000 in Toronto, the legal minimum down payment is $23,250 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $5,775 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $5,775 also applies, bringing the total estimated land transfer taxes to $11,550.
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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.
