488 University Ave 5408
Kensington-Chinatown, Downtown Toronto, M5G 0C1
FOR SALE
$1,368,000
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Property Description
Welcome to The Residences at 488, where you'll find an exquisite view and layout with direct subway access to St. Patrick's Station. This exceptional split two-bedroom, two-bathroom unit offers unobstructed views of the CN Tower and Lake Ontario. The wide-open living and dining areas are complemented by a top-of-the-line kitchen featuring integrated European appliances and a convenient breakfast bar. The primary bedroom boasts a luxurious five-piece ensuite with a double vanity, a soaker tub, a frameless glass shower, and a walk-in closet. With modern finishes throughout, the unit exudes a lofty, spacious feeling and is bathed in natural light. Located just steps from hospitals, the University of Toronto, UTM, Queens Park, and the financial district, it offers unparalleled convenience. Enjoy access to stunning 40,000 square feet of amenities, including an indoor pool, sauna, hot tub, steam room, gym, spin and yoga studios, a party room, 24 hr concierge and valet parking.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-08-28 | 2024-10-31 | 64 | $4,880 | - | Terminated |
2024-04-05 | 2024-07-01 | 87 | $5,500 | - | Terminated |
Extras
Integrated Liebherr Fridge, Stove, AEG Cooktop, AEG Range hood, AEG convection microwave, AEG washer and dryer wine fridge, all existing window coverings and lighting fixtures.
Nearby Intersections
University & Dundas (51)
Property Features
Clear View, Hospital, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$5,307 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Exclusive
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 16.80' x 21.78' | Hardwood Floor, W/O To Balcony, West View |
Dining | Main | 16.80' x 21.78' | Hardwood Floor, Combined W/Dining, Window Flr to Ceil |
Kitchen | Main | 16.80' x 21.78' | Hardwood Floor, Stainless Steel Appl, Breakfast Bar |
Prim Bdrm | Main | 10.01' x 13.58' | Hardwood Floor, 5 Pc Ensuite, W/I Closet |
2nd Br | Main | 8.99' x 10.70' | Hardwood Floor, Sliding Doors, Large Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 5408 is a 2-bedroom 2-bathroom condo listed for sale at $1,368,000, which is $605,910 (79.5%) higher than the average sold price of $762,090 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $4,489 (0.6%) compared to the previous 30 day period (September 24 - October 23) and down $59,463 (7.2%) from the same time one year ago.Inventory Change
There were 1,098 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 24 - November 22), which is down 17.7% compared with the previous 30 day period (September 24 - October 23) and down 2.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($19,468) (2.6%) below asking price over the last 30 days (October 24 - November 22), which represents a $464 decrease compared to the previous 30 day period (September 24 - October 23) and ($20,368) 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 2-bedroom condos in Downtown Toronto over the last 30 days (October 24 - November 22) stood at 51.5%, up from 37.5% over the previous 30 days (September 24 - October 23) and up from 37.6% 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 31 days when successfully sold over the last 30 days (October 24 - November 22), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Living Realty Inc.
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