488 University Ave 4811
Kensington-Chinatown, Downtown Toronto, M5G 0C1
FOR SALE
$899,000
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1 + 1
BEDROOMS1
BATHROOMS1
KITCHENS4 + 1
ROOMSC9370304
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Property Description
Prime University/Dundas Location! Direct Access To Subway, World award-winning Landmark Bldg. 1 Bed+Den (Den Can Be Used As 2nd Br ) + Balcony, 9 Ft Floor To Ceiling Windows. Steps to U.Of T. Uhn Hospitals, Toronto Metropolitan University, Financial District, Eaton Centre, Queens Park, College ParkShops. World Class Amazing Amenities.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-11 | 2024-09-25 | 14 | $928,000 | - | Terminated |
| 2024-05-10 | 2024-09-09 | 122 | $990,000 | - | Terminated |
| 2024-02-17 | 2024-05-04 | 77 | $990,000 | - | Expired |
Extras
Fridge, Stove, B/I Dishwasher, B/I Microwave, Counter Tops, Washer-Dryer, All Elfs.
Nearby Intersections
University & Dundas (58)
Property Features
Park, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$3,218 (2023)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 4811 is a 1-bedroom 1-bathroom condo listed for sale at $899,000, which is $336,137 (59.7%) higher than the average sold price of $562,863 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $6,430 (1.1%) compared to the previous 30 day period (October 18 - November 16) and down $22,163 (3.8%) from the same time one year ago.Inventory Change
There were 886 1-bedroom condos listed in Downtown Toronto over the last 30 days (November 17 - December 16), which is down 31.7% compared with the previous 30 day period (October 18 - November 16) and up 19.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($12,552) (2.2%) below asking price over the last 30 days (November 17 - December 16), which represents a $1,650 decrease compared to the previous 30 day period (October 18 - November 16) and ($14,925) more 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 (November 17 - December 16) stood at 51.2%, up from 47.2% over the previous 30 days (October 18 - November 16) and down from 54.9% 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 31 days when successfully sold over the last 30 days (November 17 - December 16), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Condowong Real Estate Inc.
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