488 University Ave 2507
Kensington-Chinatown, Downtown Toronto, M5G 0C1
FOR SALE
$1,350,000
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BEDROOMS2
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Property Description
Luxurious Urban Retreat. Absolutely Stunning 2BR+Den corner suite, SE Exp. Enter and be captivated by the beautiful unobstructed views of the city,creating an inviting and spacious atmosphere bathed in natural light.Nestled right on St Patrick TTC station,you can leave your car behind.This prime University/Dundas location puts you at the epicenter of Toronto's vibrant lifestyle.Imagine walking to Hospitals,Financial District,Eaton Centre,U of T, TMU,Yorkville,Queens Park and Cityhall,all in minutes.Elegance in Every detail:This Condo offers 9' floor to ceiling Windows adorned with motorized Blinds,designer Kitchen,Lacquered Cabinets,Quartz Countertops,High End Built in Appliances from Leibherr & AEG. Primary BR has W/I closet. Ensuite features Soaking Tub Standing shower.130 sq ft balcony offers rare city and lake views.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-09-09 | 2024-11-04 | 56 | $1,375,000 | - | Terminated |
2024-09-07 | 2024-09-16 | 9 | $4,500 | - | Terminated |
2023-09-28 | 2023-10-08 | 10 | $4,500 | $4,500 | Leased |
2023-09-26 | 2023-10-12 | 16 | $1,375,000 | - | Terminated |
Extras
Amenities beyond compare:Enjoy world class lifestyle that include chic rooftop Sky Lounge, Large Fitness Centre Yoga and Spin Cycle Rooms A Lap Pool,Hot Tub,Sauna,Steam Room and Spa Services. Every need is catered to with 24 Hrs Concierge.
Nearby Intersections
University & Dundas (52)
Property Features
Arts Centre, Clear View, Hospital, Park, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$5,286 (2024)
Basement
None
Exterior
Other
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Flat | 9.25' x 16.01' | Hardwood Floor, Open Concept, Se View |
Dining | Flat | 12.76' x 14.40' | Hardwood Floor, Open Concept, W/O To Balcony |
Kitchen | Flat | 12.76' x 14.40' | Hardwood Floor, Centre Island, Combined W/Kitchen |
Prim Bdrm | Flat | 10.01' x 10.01' | Hardwood Floor, W/I Closet, 4 Pc Ensuite |
2nd Br | Flat | 8.99' x 9.25' | Hardwood Floor, Closet, Window Flr to Ceil |
Den | Flat | 5.41' x 7.84' | Hardwood Floor, Sliding Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 2507 is a 2-bedroom 2-bathroom condo listed for sale at $1,350,000, which is $618,315 (84.5%) higher than the average sold price of $731,685 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $22,246 (3.0%) compared to the previous 30 day period (November 19 - December 18) and down $30,320 (4.0%) from the same time one year ago.Inventory Change
There were 779 2-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is down 6.4% compared with the previous 30 day period (November 19 - December 18) and up 35.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($21,191) (2.9%) below asking price over the last 30 days (December 19 - January 17), which represents a $4,232 decrease compared to the previous 30 day period (November 19 - December 18) and ($20,965) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in Downtown Toronto over the last 30 days (December 19 - January 17) stood at 38.0%, down from 58.2% over the previous 30 days (November 19 - December 18) and down from 48.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 40 days when successfully sold over the last 30 days (December 19 - January 17), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
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