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488 University Avenue 3002

Kensington-Chinatown, Toronto, M5G 0C1 · More in this building

$1,150,000

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  • 3 bedrooms
  • 2 bathrooms
  • 1 parking
  • 1000-1199 sq ft

Listed 14 days ago · MLS® C13864532

About this home

This is the home you have been dreaming of. This extraordinary 3 bedroom corner suite offers breathtaking, unobstructed views of the Toronto skyline, with 1042 sqft of interior living space plus a 180 sqft private balcony. Floor to ceiling windows flood the interior with natural light, complemented by wide plank hardwood floors, smooth 10 ft ceilings and modern finishes throughout. Freshly painted. The smart, functional layout leaves no wasted space. The well sized bedrooms offer generous storage, and the large private balcony gives you the perfect spot to relax or entertain outdoors. The primary suite features a spa inspired ensuite with freestanding tub and glass shower for a true retreat at the end of the day. A standout feature of this building is valet parking, a rare offering not found anywhere else in the immediate vicinity. Parking and valet service comes included with the unit, with the parking maintenance fee covering the spot itself. No other building nearby can match this level of convenience. Located in the heart of downtown Toronto, steps to major hospitals, St. Patrick Station, U ofT, TMU, Queen's Park, the Eaton Centre, and the Financial District, with direct subway access for seamless connectivity across the city. Building amenities include a fitness centre, spa, party lounge and sky bar. Whether you are a professional, academic, or simply someone who values the best of city living, this unit has it all.

Details

Type
Condo Apartment
Style
Apartment
Size
1000-1199 sq ft
Basement
None
Garage
Underground
Kitchens
1
Property tax
$5,970 (2026)
Maintenance fee
$970/month
Neighbourhood
Kensington-Chinatown
Municipality
Toronto C01
Price per sq ft
$1,046 (14% above condo apartments in Kensington-Chinatown, $918)
Fee per sq ft
$0.88/month (Toronto median $0.92)

Interior

Bedrooms
3 above ground
Bathrooms
1 × 4-piece (main), 1 × 4-piece (main)
Rooms
6 above ground
Family room or den
Yes
Fireplace
No
Laundry
In-Suite Laundry, Ensuite

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air

Building and exterior

Style
Apartment
Exterior
Concrete

Parking

Garage spaces
1
Total parking
1
Driveway and parking
Underground

Condo

Building
The Residences of 488 University Avenue
Monthly fee
$970
Fee includes
Heat Included, CAC Included, Common Elements Included, Building Insurance Included
Amenities
Concierge, Gym, Indoor Pool, Party Room/Meeting Room, Rooftop Deck/Garden, Sauna
Balcony
Open
Exposure
North East
View
City, Skyline
Pets
Yes-with Restrictions
Security
Security System, Security Guard
Property manager
Duka Property Management

More

Possession
FLEXIBLE
Nearby
Arts Centre, Hospital, Library, Park, Public Transit
Cross street
University Ave & Dundas St W

Rooms

RoomLevelSizeFeatures
FoyerMain2.81 × 1.64 m (9'3" × 5'5")B/I Shelves, Hardwood Floor
KitchenMain4 × 3.75 m (13'1" × 12'4")Open Concept, Centre Island, Marble Counter
Living RoomMain4.4 × 3.78 m (14'5" × 12'5")W/O To Balcony, Window Floor to Ceiling, Hardwood Floor
Primary BedroomMain3.45 × 3.1 m (11'4" × 10'2")East View, Window Floor to Ceiling, B/I Closet
BathroomMain2.9 × 2.6 m (9'6" × 8'6")Soaking Tub, 4 Pc Ensuite, Marble Floor
Bedroom 2Main2.86 × 2.72 m (9'5" × 8'11")Window Floor to Ceiling, Closet, Hardwood Floor
Bedroom 3Main2.7 × 2.44 m (8'10" × 8')Closet, Hardwood Floor
OtherMain7.58 × 2.42 m (24'10" × 7'11")NE View, Balcony, NW View

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 St. Patrick Subway1 min walk
  • 🚇 Queen's Park Subway8 min walk
  • 🚆 Toronto Union Station GO1.4 km

Within a 10-minute walk: 19 grocery stores, 563 cafés and restaurants, 23 parks, 31 pharmacies. Nearest grocery: Petra Ave Market (300 m). Nearest park: Gallery Park (200 m).

Schools nearby

Elementary

  • Cornerstone Preparatory School Private7 min walk
  • Orde Street Public School
    EQAO: Gr 6 reading 89%, math 64%    7 min walk
  • Beverley School8 min walk
  • Ogden Junior Public School
    EQAO: Gr 6 reading 77%, math 53%    12 min walk

Secondary

  • Contact Alternative School3 min walk
  • Heydon Park Secondary School
    EQAO: Gr 9 math 8%    8 min walk
  • Subway Academy II Private9 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5G

Owners / renters
30% / 70%
Median household income
$67,500
Average age
34
Children under 15
8%
Homes
0% detached, 99% high-rise
Commute by transit
21%
Population
9,751

Languages spoken most at home besides English: Mandarin 9.1%, Yue (Cantonese) 2.9%, Arabic 2.8%, Korean 1.6%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Kensington-Chinatown (2025): 126% above the Toronto average, down 13% from the year before.

  • Assault163% above average
  • Break and enter134% above average
  • Auto theft47% below average
  • Robbery146% above average
  • Theft from vehicles302% above average
  • Shootings169% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 19 active

  • 99 GERRARD ST W · 350 m
    Site Plan · Application Received · applied 2026
    Proposed interior alterations to repurpose the existing building to create 249 purpose built rental units.
    Application details
  • 206 SIMCOE ST · 350 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    Proposed development for the Canada Life Campus include: Retention of the existing office buildings with minor alterations at 330 University Avenue, 180 Simcoe…
    Application details
  • 67 ELM ST · 350 m
    Official Plan / Zoning By-law Amendment · Under Review · applied 2026
    Proposed 18 storey building containing 234 hotel suites and retail space.
    Application details
  • 130 ELIZABETH ST · 250 m
    Site Plan · NOAC Issued · applied 2025
    Site Plan Approval for a 15-storey building at 604-610 Bay Street and a 43-storey building at 130 Elizabeth Street. The proposed development integrates the…
    Application details
  • 250 DUNDAS ST W · 100 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2024
    Combined Official Plan Amendment (OPA) & Zoning By-law Amendment (ZBA) application for an increase in height from 49 to 57-storeys, a reduction in the required…
    Application details
  • 234 SIMCOE ST · 250 m
    Plan of Condominium · Draft Plan Approved · applied 2024
    Standard Draft Plan of Condominium for 17 non-residential units.
    Application details

31 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 1 km. Transit times · Driving times

Coming transit

  • 🚧 Osgoode 500 m
  • 🚧 Queen 800 m
  • 🚧 Chinatown 950 m

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Building permits

No building permits at this address since 2014.

14 permits on this block of the street in the last 2 years.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

59 City street trees within 100 m, mostly lindens. That’s more than the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence (where you live). The entire home can be rented up to 180 nights a year; renting up to 3 bedrooms while you live there has no limit. Hosts register with the City and collect the 6% accommodation tax.

City rules

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by PROPERTY.CA INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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