488 University Ave 3212
University, Downtown Toronto, M5G 0C1
FOR SALE
$899,000
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1 + 1
BEDROOMS1
BATHROOMS1
KITCHENS4 + 1
ROOMSC11920209
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Property Description
Downtown, Prime Location University/Dundas Award-Winning Landmark Building. Luxury $$$ Spent In Upgrades. 1 Bedroom +Den Can Use As Bedroom + Large Balcony. Fantastic Sunset View, 9' Floor To Ceiling Windows. Hardwood Floor Throughout. Direct Access To The Subway From The Building. Steps To: Hospitals, Ocad, U Of T, Dental School, Ryerson, China Town, City Hall, Financial District, Eaton Center, Amazing Amenities. **EXTRAS** All High End Appliances: Fridge, Stove, Fan, Dishwasher, Microwave / Oven, Washer/Dryer, Elf's, All Window Blinds.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-05 | 2025-01-29 | 85 | $3,000 | $2,850 | Leased |
| 2023-07-18 | 2023-07-22 | 5 | $3,300 | $3,300 | Leased |
| 2022-06-08 | 2022-06-15 | 8 | $2,900 | $3,000 | Leased |
| 2020-05-23 | 2020-05-26 | 6 | $2,500 | $2,500 | Leased |
Nearby Intersections
University & Dundas (70)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$3,441 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.83' x 16.93' | Hardwood Floor, Combined W/Dining |
| Dining | Flat | 10.83' x 16.93' | Hardwood Floor, Combined W/Living, West View |
| Kitchen | Flat | 9.84' x 10.83' | Open Concept, Quartz Counter, Breakfast Bar |
| Prim Bdrm | Flat | 9.19' x 10.10' | W/I Closet, Ensuite Bath, West View |
| Den | Flat | 5.45' x 9.84' | Hardwood Floor, Separate Rm, Sliding Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 3212 is a 1-bedroom 1-bathroom condo listed for sale at $899,000, which is $341,890 (61.4%) higher than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 1-bedroom condos in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Prime Properties - Unique Group
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