Salehian.com 647-325-5000

488 University Avenue 3811

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

$3,150/mo

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  • 1+1 bedrooms
  • 1 bathrooms
  • 0 parking
  • 600-699 sq ft

Listed 5 days ago · MLS® C14031896

About this home

Luxury living 38 floors above University Ave, this bright and beautiful 1 bed + den at The Residences of 488 University Avenue delivers breathtaking views across the west end of the city and the CN Tower, enjoyed from both the suite and the private balcony. A highly functional layout makes all 620sq ft interior count, with an open living and dining space, a sleek kitchen with premium integrated appliances, and a primary retreat with walk-in closet, custom built-ins, and spa-inspired ensuite. Large actual den, ideal as a dedicated home office. Luxury finishes throughout. Residents enjoy the two-storey Sky Club with indoor and outdoor saltwater pools, fitness centre, yoga and spin studios, squash court and lounges, plus concierge. Perfectly positioned for medical and office professionals: steps to Toronto General, Mount Sinai, SickKids and the University Avenue hospital row, with direct indoor access to St. Patrick TTC Subway Station for a quick ride to the Financial District. University of Toronto, Queen's Park, and Eaton Centre are nearby.

Details

Type
Condo Apartment
Style
Apartment
Age
0-5 years
Size
600-699 sq ft
Basement
None
Garage
None
Kitchens
1
Neighbourhood
Kensington-Chinatown
Municipality
Toronto C01
Rent increase limit
Probably not covered: units first occupied after Nov. 15, 2018 have no yearly cap in Ontario, so ask the landlord.

Interior

Bedrooms
1 above ground + 1 below
Bathrooms
1 × 4-piece (main)
Rooms
5 above ground
Family room or den
No
Fireplace
No
Laundry
Ensuite, Laundry Closet
Furnished
Unfurnished

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air

Building and exterior

Style
Apartment
Exterior
Concrete
Age
0-5 years

Condo

Amenities
Concierge, Gym, Party Room/Meeting Room
Balcony
Open
Exposure
West
View
City, Skyline
Pets
Yes-with Restrictions
Security
Concierge/Security, Carbon Monoxide Detectors, Smoke Detector, Security Guard
Property manager
Duka Property Management

Rental terms

Rent includes
Building Insurance, Common Elements, Grounds Maintenance

More

Possession
Immediate
Nearby
Clear View, Hospital, Park, Public Transit, Library
Cross street
University Ave and Dundas St West

Rooms

RoomLevelSizeFeatures
Living RoomGround3.26 × 3.14 m (10'8" × 10'4")Combined w/Dining, Laminate, W/O To Balcony
Dining RoomGround3.26 × 3.14 m (10'8" × 10'4")Combined w/Living, Laminate, Window Floor to Ceiling
KitchenGround3.6 × 4.75 m (11'10" × 15'7")Granite Counters, Stainless Steel Appl, Laminate
DenGround2.32 × 1.83 m (7'7" × 6')Laminate, Sliding Doors

History of this address

7 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 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 RE/MAX CONDOS PLUS CORPORATION.

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

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