488 University Avenue 3301
Kensington-Chinatown, Toronto, M5G 0C1 · More in this building
$3,350/mo
Reduced $150 from $3,500
- 2 bedrooms
- 2 bathrooms
- 0 parking
- 600-699 sq ft
Listed 55 days ago · MLS® C13712486
About this home
Luxury condo built in the heart of the hospital district - just steps away from the eaton centre, entertainment district, mars, university of toronto, ttc, and the financial district. This condo comes with a built in closet in the main bedroom and boasts a sprawling 115 sqft of open balcony with an unobstructed gorgeous view. Unit has 9 foot ceilings w/ an open concept and brand new appliances and bathroom with marble flooring.
Details
- Type
- Condo Apartment
- Style
- Apartment
- Age
- 6-10 years
- Size
- 600-699 sq ft
- Basement
- None
- Garage
- Underground
- Kitchens
- 1
- Neighbourhood
- Kensington-Chinatown
- Municipality
- Toronto C01
- Rent increase limit
- Depends on when the unit was first lived in: before Nov. 15, 2018 it’s covered by Ontario’s yearly limit (2.1% in 2026); after, there’s no cap.
Interior
- Bedrooms
- 2 above ground
- Bathrooms
- 2 × 3-piece
- Rooms
- 4 above ground
- Family room or den
- No
- Fireplace
- No
- Laundry
- Ensuite
- Features
- Built-In Oven, Carpet Free, Primary Bedroom - Main Floor
- Furnished
- Unfurnished
Heating, cooling and services
- Heating
- Forced Air, Electric
- Air conditioning
- Central Air
Building and exterior
- Style
- Apartment
- Exterior
- Concrete
- Age
- 6-10 years
Condo
- Balcony
- Open
- Exposure
- North
- Pets
- Yes-with Restrictions
- Property manager
- Duka Property Management
Rental terms
- Rent includes
- Building Insurance, Building Maintenance, Common Elements, Heat
More
- Possession
- Tenant
- Cross street
- University Ave & Dundas St W.
Rooms
| Room | Level | Size | Features |
|---|---|---|---|
| Bedroom | Main | 2.73 × 3.05 m (8'11" × 10') | |
| Bedroom 2 | Main | 2.74 × 2.99 m (9' × 9'10") | |
| Kitchen | Main | 3.32 × 3.81 m (10'11" × 12'6") | |
| Living Room | Main | 2.74 × 4.3 m (9' × 14'1") |
History of this address
8 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
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 mSite Plan · Application Received · applied 2026Proposed interior alterations to repurpose the existing building to create 249 purpose built rental units.Application details
-
206 SIMCOE ST · 350 mOfficial Plan / Zoning By-law Amendment · Under Review · applied 2026Proposed 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 mOfficial Plan / Zoning By-law Amendment · Under Review · applied 2026Proposed 18 storey building containing 234 hotel suites and retail space.Application details
-
130 ELIZABETH ST · 250 mSite Plan · NOAC Issued · applied 2025Site 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 mOfficial Plan / Zoning By-law Amendment · Council Approved · applied 2024Combined 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 mPlan of Condominium · Draft Plan Approved · applied 2024Standard 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.
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 CENTURY 21 LEADING EDGE REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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