488 University Avenue, Unit 1, Toronto, ON
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Kensington-Chinatown. Expertly crafted featuring premium concrete and metal/steel siding construction, this residence presents an exceptional opportunity offered at $799,000 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.
- 2 Bedrooms and 2 Bathrooms
- Generous living space spanning 600-699 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
True Definition Of Luxury Condo Living! "The Residences Of 488 University" Spectacular 2 Bedroom Split Layout Stunner Offering Nearly 700Sqft + Full Length Balcony Boasting Private Unobstructed North Views Of Queens Park & Beyond With No Other Balconies In Sight! Super Functional Floor Plan With No Wasted Space Filled With Natural Light, High End Finishes, Floor To Ceiling Windows, Hardwood Floors & 9Ft Ceiling Through Out. Combined Living & Dining. Primary Bedroom With 3Pc Smart En-Suite Bath & W/I Closet. ALL Appliances, Pot Lights, Centre Island With Under Mount Sink & Granite Counters With Custom Backsplash ! 99 Walk-Score With All The Perks Of Downtown Core Living Featuring Direct Access To St. Patrick Station, Walking Distance To A+ Hospitals & Research Centres, U Of T, Eaton Centre & So Much More. Incredible Amenities.
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Property Summary
This condo apartment located at 488 University Avenue, Toronto is currently for sale and has been available on SousaSells for 17 days. This property is listed at $799,000 with an estimated mortgage of $2,660* per month. It has 2 beds, 2 bathrooms, and is 600-699 square feet. 488 University Avenue, Toronto is in the Kensington-Chinatown neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Kensington-Chinatown, Toronto.
- •2 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •600-699 sqft of generous functional square footage
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 488 University Avenue, Unit 1, Toronto, ON
Q.What is the asking price for 488 University Avenue, Unit 1, Toronto, ON ?
The current listing price for 488 University Avenue, Unit 1, Toronto, ON in Kensington-Chinatown, Toronto is $799,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 2 bathrooms across approximately 600-699 sqft.
Q.What property type and architectural style is 488 University Avenue, Unit 1, Toronto, ON ?
488 University Avenue, Unit 1, Toronto, ON is a Condo Apartment (Apartment) featuring a None basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 0.0 vehicle (Underground).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 488 University Avenue 5101, Toronto, 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 $799,000 in Toronto, the legal minimum down payment is $54,900 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 $12,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,455 also applies, bringing the total estimated land transfer taxes to $24,910.
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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.