488 University Avenue, Unit 4608, Toronto, ON
Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Kensington-Chinatown. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $799,999 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 800-899 sqft
- 0.0 total parking spaces available
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to elevated downtown living at **The Residences of 488 University Avenue**. Perched high on the **46th floor**, this beautifully refreshed **2-bedroom, 2-bathroom residence offers approximately 820 sq. ft. of interior space plus an impressive 160 sq. ft. private balcony**.The highly functional split-bedroom layout provides excellent privacy and efficient use of space. Floor-to-ceiling windows and desirable **south-east exposure** bring in abundant natural light and showcase spectacular city views. The open-concept living, dining and kitchen area is ideal for both everyday living and entertaining. The spacious primary bedroom features a walk-in closet and private ensuite, while the second bedroom is well separated for family, guests or a home office.**Freshly painted, professionally cleaned and carefully prepared for sale**, this vacant suite is move-in ready and shows beautifully.Enjoy luxury building amenities, 24-hour concierge and **direct access to St. Patrick Subway Station**, all from an exceptional downtown location steps to U of T, Queen's Park, major Toronto hospitals, OCAD, TMU, Eaton Centre, the Financial District, restaurants, shopping and entertainment.A rare opportunity to own a **true 820 sq. ft. two-bedroom residence with a 160 sq. ft. balcony on the 46th floor** at one of University Avenue's landmark addresses.
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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 9 days. This property is listed at $799,999 with an estimated mortgage of $2,663* per month. It has 2 beds, 2 bathrooms, and is 800-899 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
- •800-899 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
- Carpet Free
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 488 University Avenue, Unit 4608, Toronto, ON
Q.What is the asking price for 488 University Avenue, Unit 4608, Toronto, ON ?
The current listing price for 488 University Avenue, Unit 4608, Toronto, ON in Kensington-Chinatown, Toronto is $799,999.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 2 bathrooms across approximately 800-899 sqft.
Q.What property type and architectural style is 488 University Avenue, Unit 4608, Toronto, ON ?
488 University Avenue, Unit 4608, Toronto, ON is a Condo Apartment (Apartment) featuring a None basement.
Q.What interior features are included in this home?
Interior highlights include: Carpet Free.
Q.Is parking available at this property?
Yes, this property offers parking space for 0.0 vehicle (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Kensington-Chinatown, Toronto
476 assaults (2122.7/100k)
152 B&E (677.9/100k)
28 thefts (124.9/100k)
Elevated vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 488 University Avenue 4608, 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 $799,999 in Toronto, the legal minimum down payment is $55,000 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 $12,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $12,475 also applies, bringing the total estimated land transfer taxes to $24,950.
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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.
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