488 University Ave 2012
Kensington-Chinatown, Downtown Toronto, M5G 0C1
FOR SALE
$899,000
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BEDROOMS1
BATHROOMS1
KITCHENS5
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Property Description
1+1 Br Suite At Amexon's Iconic The Residences of 488 University Avenue! Upgraded All Wide-Plank Laminate Throughout, Living Walk Out To Balcony, Modern High Gloss & Matt Contrasting Cabinet W/ All Integrated Or Built-In Appliances, Stone Counter Top Illuminated By Hidden Under-Cabinet LED Light Strips, Pot Lights Over Kitchen, Designed Closet Organizer In Primary Br's Walk-In Closet, Selected Freestanding Tub & Frameless Glass Dr Shower In 4 Pcs Ensuite Bath, Good Sized Den W/ Frosted Glass Sliding Dr. All Inclusive Building Amenities Of Gym, Indoor Pool, Hot Tub & Building's Unique Direct Access To St. Patrick Station, Within Steps To Universities, Hospitals, City Hall, Chinatown & AGO.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-03-08 | 2021-04-15 | 37 | $2,345 | $2,200 | Leased |
| 2020-03-04 | 2020-03-17 | 12 | $2,500 | $2,500 | Leased |
Nearby Intersections
University & Dundas (54)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$3,426 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.73' x 17.78' | Laminate, Combined W/Dining, W/O To Balcony |
| Dining | Flat | 10.73' x 17.78' | Laminate, Combined W/Living, Open Concept |
| Kitchen | Flat | 8.53' x 10.63' | Laminate, Stone Counter, B/I Appliances |
| Prim Bdrm | Flat | 8.86' x 9.38' | Laminate, W/I Closet, 4 Pc Ensuite |
| Den | Flat | 5.05' x 6.82' | Laminate, Separate Rm, Sliding Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 2012 is a 1-bedroom 1-bathroom condo listed for sale at $899,000, which is $335,310 (59.5%) higher than the average sold price of $563,690 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $430 (0.1%) compared to the previous 30 day period (November 19 - December 18) and down $16,899 (2.9%) from the same time one year ago.Inventory Change
There were 894 1-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is down 1.4% compared with the previous 30 day period (November 19 - December 18) and up 39.5% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($13,252) (2.4%) below asking price over the last 30 days (December 19 - January 17), which represents a $1,023 decrease compared to the previous 30 day period (November 19 - December 18) and ($15,187) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Downtown Toronto over the last 30 days (December 19 - January 17) stood at 38.0%, down from 53.5% over the previous 30 days (November 19 - December 18) and down from 54.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 43 days when successfully sold over the last 30 days (December 19 - January 17), compared to 80 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realtron Wendy Zheng Realty
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