488 University Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of University. Expertly crafted featuring premium aluminum siding and concrete construction, this residence presents an exceptional opportunity offered at $3,180 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 700-799 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Discover elevated downtown living at 488 University Avenue-an award-winning residence positioned in one of Toronto's most connected corridors. With direct indoor access to the Toronto Subway Line 1 Yonge-University via St. Patrick Station, convenience here is truly unmatched.This bright, east-facing unit offers unobstructed city views through dramatic 9-foot floor-to-ceiling windows, filling the space with natural light throughout the day. Inside, you'll find refined finishes including hardwood flooring, a contemporary high-end kitchen, and premium appliances designed for both functionality and style. A full-sized private balcony extends your living space outdoors-perfect for enjoying the skyline.Location is where this address truly excels. You are just steps from major institutions such as the University of Toronto and OCAD University, as well as world-class healthcare facilities, Toronto City Hall, and the underground PATH network. The Financial District and CF Toronto Eaton Centre are also within immediate reach, making work, shopping, and entertainment effortlessly accessible.Residents enjoy a full suite of resort-inspired amenities, including an indoor pool, state-of-the-art fitness centre, spa facilities, elegant lounges, and the convenience of 24-hour concierge and valet service.488 University Avenue represents the pinnacle of urban sophistication-ideal for those seeking a seamless blend of luxury, connectivity, and lifestyle in the heart of Toronto.
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Arts Centre, Clear View, Hospital, Public Transit, School
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 488 University Avenue 2805, Toronto C01, ON M5G 0C1
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 $3,180 in Toronto, the legal minimum down payment is $159 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 $16 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16 also applies, bringing the total estimated land transfer taxes to $32.
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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.
