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For saleMLS® C13864532

488 University Avenue 3002, Toronto, ON M5G 0C1

Kensington-Chinatown · C01 · M5G 0C1

$1,150,000

+ $970/mo maintenance$1,150 / sq ft

1 months on market

Bedrooms
3
Bathrooms
2
Interior
1,000 sf
Parking
1

What's special

  • Underground parking
  • Balcony
  • North east exposure
  • Central air
  • Pets with restrictions
  • Heat, A/C, Common elements included
  • Concierge
  • Gym

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About this property

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.

Rooms

8 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
FoyerMain2.81 × 1.64 m9.2 × 5.4 ftB/I Shelves · Hardwood Floor
KitchenMain4.00 × 3.75 m13.1 × 12.3 ftOpen Concept · Centre Island · Marble Counter
Living RoomMain4.40 × 3.78 m14.4 × 12.4 ftW/O To Balcony · Window Floor to Ceiling · Hardwood Floor
Primary BedroomMain3.45 × 3.10 m11.3 × 10.2 ftEast View · Window Floor to Ceiling · B/I Closet
BathroomMain2.90 × 2.60 m9.5 × 8.5 ftSoaking Tub · 4 Pc Ensuite · Marble Floor
Bedroom 2Main2.86 × 2.72 m9.4 × 8.9 ftWindow Floor to Ceiling · Closet · Hardwood Floor
Bedroom 3Main2.70 × 2.44 m8.9 × 8.0 ftCloset · Hardwood Floor
OtherMain7.58 × 2.42 m24.9 × 7.9 ftNE View · Balcony · NW View

Features

  • Other

Building amenities

  • Concierge
  • Gym
  • Indoor Pool
  • Party Room/Meeting Room
  • Rooftop Deck/Garden
  • Sauna

Property details

Property

Property type
condo apartment
Bedrooms
3
Bathrooms
2
Interior size
1,000 sq ft
Possession
FLEXIBLE

Interior

Heating
Forced Air · Gas
Cooling
Central Air
Exposure
North East
Balcony
Open

Exterior & services

Construction
Concrete
Garage
Underground
Parking spaces
1

Condominium

Corporation
2770 TSCC
Property manager
Duka Property Management
Pets
Yes-with Restrictions
Fee includes
Heat Included, CAC Included, Common Elements Included, Building Insurance Included

Costs

List price
$1,150,000
Property taxes
$5,970 / year (2026)
Maintenance fee
$970 / month
Price per sq ft
$1,150

Listing

MLS® number
C13864532
Status
For sale
Listed
October 5, 2026
Days on market
30
Last updated
October 7, 2026
Listing brokerage
PROPERTY.CA INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 88% of comparable condo apartment listings in Kensington-Chinatown are asking less.

$440KMedian $650K$1.22M
This home
$1,150 / sq ft
Comparable median
$978 / sq ft

Based on 81 comparable active condo apartment listings in Kensington-Chinatown. These are asking prices, not sale prices.

Mortgage estimate

Down payment7.8% · minimum $90,000
$90,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$5,860.92
Property tax (est.)
$497.47
Maintenance fee
$969.88
Estimated monthly
$7,328

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$19,475
Toronto municipal
$19,475
Total due on closing
$38,950

An estimate on the asking price of $1,150,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of PROPERTY.CA INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,150,000

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Comparable sales nearby

What similar homes in this area actually sold for.

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Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.

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35

$999,900

+$1,009/mo fees

195 McCaul Street 518, Toronto, ON M5T 0E5

Kensington-Chinatown · C01

3 bd
2 ba
1,000 sf
1
1 months on marketMLS® C13772288

Listing courtesy of BRAD J. LAMB REALTY 2016 INC.