488 University Ave 2208
University, Downtown Toronto, M5G 0C1
FOR SALE
$948,000
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Property Description
Toronto Downtown Prime Location, Location, Location, Location, !! University & Dundas Award Winning Building, 9th Floor Celling Window, Direct Access to St. Patrick Subway Station, Hospitals Near By, Dental, School, Art Gallery Of Ontario, U Of T , Toronto City Hall, Ryerson University, Financial District, Eaton Centre, College Park Shops, Amazing Amenities, Luxury Building, Open Concept Lay Out Very Bright **EXTRAS** Fridges, Stove, B/I Dishwasher, Microwave, Granite Counter Tops, Ensuite Washer and Dryer, All Elfs, Blinds.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2025-01-04 | 2025-02-05 | 32 | $3,700 | - | Terminated |
| 2023-07-17 | 2023-07-19 | 2 | $3,800 | $3,800 | Leased |
| 2021-06-04 | 2021-07-02 | 28 | $2,995 | $2,850 | Leased |
| 2020-05-21 | 2020-06-26 | 36 | $2,980 | $2,900 | Leased |
Nearby Intersections
University & Dundas (55)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$4,138 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 31.76' x 36.06' | 4 Pc Ensuite, Large Window |
| 2nd Br | Main | 27.76' x 32.28' | Sliding Doors, Large Window |
| Living | Main | 41.11' x 41.99' | Laminate, Combined W/Dining, W/O To Balcony |
| Dining | Main | 41.11' x 41.99' | Laminate, Combined W/Kitchen, Open Concept |
| Kitchen | Main | 41.11' x 41.99' | Laminate, Combined W/Dining, Stainless Steel Appl |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 2208 is a 2-bedroom 2-bathroom condo listed for sale at $948,000, which is $191,399 (25.3%) higher than the average sold price of $756,601 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $25,750 (3.5%) compared to the previous 30 day period (December 22 - January 20) and down $31,820 (4.0%) from the same time one year ago.Inventory Change
There were 1,180 2-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.7% compared with the previous 30 day period (December 22 - January 20) and up 12.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($15,842) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,965 increase compared to the previous 30 day period (December 22 - January 20) and ($14,808) less 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 2-bedroom condos in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 26.8%, down from 33.1% over the previous 30 days (December 22 - January 20) and down from 45.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Hc Realty Group Inc.
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