3901 - 488 University Avenue, Toronto, ON M5G 0C1
Kensington-Chinatown, Toronto · Near University Ave at Dundas St. W. · View map
About this home
Experience elevated downtown living at 488 University Avenue. This exceptional 2-bedroom, 2-bathroom residence offers soaring 10-foot ceilings, floor-to-ceiling windows and breathtaking, unobstructed south-facing skyline views. Step onto the private 115 sq. ft. balcony-an ideal setting for morning coffee or relaxing at the end of the day.The sleek, modern kitchen features quartz countertops, European-style built-in appliances and upgraded cabinetry that provides valuable additional storage. The original built-in microwave space has been thoughtfully replaced with three extra drawers. The bright, open-concept living and dining area is filled with natural light, while dimmable lighting in the kitchen and hallway creates the perfect ambience.Both bedrooms are generously sized and enhanced with custom-built closets. The second bedroom features a frosted sliding door that provides privacy while allowing natural light to flow through. The primary suite is a serene retreat with motorized blackout blinds and a spa-inspired ensuite bathroom. Additional upgrades include a custom hallway closet, an LED mirror in the guest bathroom, a smart Ecobee thermostat and a brand-new all-in-one washer and dryer installed in 2025.Residents enjoy five-star amenities, including a fitness centre, indoor pool and rooftop terrace. Ideally located steps from St. Patrick Subway Station, Hospital Row, the University of Toronto, Toronto Metropolitan University, Queen's Park and the Financial District, with outstanding dining, shopping, culture and entertainment at your doorstep.Downtown Toronto living at its absolute finest.
The home
- Type
- Condo apartment
- Style
- Apartment
- Square footage
- 600-699 sq ft
- Bedrooms
- 2
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 6
- Basement
- None
- Faces
- East
- Level
- 22
- Balcony
- Open
- Laundry
- Ensuite
Ownership & fees
- Ownership
- Condominium
- Maintenance fee
- $641.30/mo
- Fee includes
- Common Elements, Building Insurance
- Complex
- TSCC 2770
- Property management
- Duka Property Management
- Pets
- Allowed, with restrictions
- Exterior
- Concrete, Metal/Steel Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $4,074/yr
- Tax year
- 2026
- Occupancy
- Owner
- Possession
- TBA
- Cross street
- University Ave at Dundas St. W.
- Neighbourhood
- Kensington-Chinatown
More
- Price per sq ft
- ~$1,114 (at 650 sq ft)
- MLS® number
- C13725650
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Included in the maintenance fee
- Common Elements
- Building Insurance
Shared in the complex
- Concierge
- Elevator
- Exercise Room
- Gym
- Indoor Pool
- Party Room/Meeting Room
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
488 University Avenue, Toronto, ON M5G 0C1
Kensington-Chinatown, Toronto · Near University Ave at Dundas St. W.
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Listing history for 488 University Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 3901 - 488 University Avenue
Answers come straight from this home’s MLS® listing.
How much is 3901 - 488 University Avenue listed for, and what would it cost each month?
3901 - 488 University Avenue is listed for $724,000. With 20% down ($144,800), the mortgage payment would be roughly $2,920 a month at 4.5% over 30 years. Add property tax and the maintenance fee and the estimate comes to about $3,901 a month, all in. That figure is an illustration, not a quote.
Is 3901 - 488 University Avenue freehold or a condo, and is there a monthly fee?
3901 - 488 University Avenue is a condo apartment in Kensington-Chinatown, Toronto. Ownership is condominium: you own the unit and a condo corporation looks after the common elements. The maintenance fee is $641.30 a month. The listing says it covers common elements, building insurance. Fees can change, so confirm the current amount in the status certificate.
How many bedrooms and bathrooms does 3901 - 488 University Avenue have?
3901 - 488 University Avenue has 2 bedrooms and 2 bathrooms.
Does 3901 - 488 University Avenue have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
Does 3901 - 488 University Avenue have a finished basement?
No. The listing shows no basement for this home.
What style of home is 3901 - 488 University Avenue?
3901 - 488 University Avenue is a condo apartment. A condo is a unit you own in a building or complex, with the common areas shared and paid for through a monthly fee.
How big is 3901 - 488 University Avenue?
The listing puts the home between 600 and 699 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 3901 - 488 University Avenue heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 3901 - 488 University Avenue?
Property taxes are $4,074 a year (2026), or about $340 a month.
Are pets allowed at 3901 - 488 University Avenue?
Pets are allowed, with restrictions. A condo corporation can limit the size, number or type of pet, so check the condo corporation’s rules before you offer.
Where is 3901 - 488 University Avenue?
3901 - 488 University Avenue is in the Kensington-Chinatown community of Toronto. The nearest main intersection is University Ave at Dundas St. W.. The postal code is M5G 0C1.
Is 3901 - 488 University Avenue still for sale?
Yes. It is an active listing (MLS® C13725650). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 3901 - 488 University Avenue asking?
Similar properties for sale nearby right now include 3301 - 488 University Avenue at $724,999 (2 bed), 4703 - 488 University Avenue at $849,900 (2 bed) and 4310 - 488 University Avenue at $1,568,000 (2+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 488 University Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 3901 - 488 University Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Kensington-Chinatown, picked by style, size and price.
Condo apartment$724,9993301 - 488 University Avenue, Toronto2 bed · 2 bath · Kensington-ChinatownCourtesy of: CENTURY 21 LEADING EDGE REALTY INC.View home →
Condo apartment$849,9004703 - 488 University Avenue, Toronto2 bed · 2 bath · Kensington-ChinatownCourtesy of: HOMECOMFORT REALTY INC.View home →
Condo apartment$1,568,0004310 - 488 University Avenue, Toronto2+1 bed · 2 bath · UniversityCourtesy of: REALTY ASSOCIATES INC.View home →Courtesy of: FIRST CLASS REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax and the maintenance fee. For illustration only.