488 University Ave 2507
Kensington-Chinatown, Downtown Toronto, M5G 0C1
FOR SALE
$1,249,990

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Property Description
Luxurious Urban Retreat. Absolutely Stunning 2BR+Den corner suite, SE Exp. Enter and be captivated by the beautiful unobstructed views of the city,creating an inviting and spacious atmosphere bathed in natural light.Nestled right on St Patrick TTC station,you can leave your car behind.This prime University/Dundas location puts you at the epicenter of Toronto's vibrant lifestyle.Imagine walking to Hospitals,Financial District,Eaton Centre,U of T, TMU,Yorkville,Queens Park and Cityhall,all in minutes.Elegance in Every detail:This Condo offers 9' floor to ceiling Windows adorned with motorized Blinds,designer Kitchen,Lacquered Cabinets,Quartz Countertops,High End Built in Appliances from Leibherr & AEG. Primary BR has W/I closet. Ensuite features Soaking Tub Standing shower.130 sq ft balcony offers rare city and lake views.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-11-05 | 2025-01-31 | 88 | $1,350,000 | - | Expired |
2024-11-04 | 2025-01-31 | 88 | $4,300 | - | Expired |
2024-09-09 | 2024-11-04 | 56 | $1,375,000 | - | Terminated |
2024-09-07 | 2024-09-16 | 9 | $4,500 | - | Terminated |
2023-09-28 | 2023-10-08 | 10 | $4,500 | $4,500 | Leased |
2023-09-26 | 2023-10-12 | 16 | $1,375,000 | - | Terminated |
Nearby Intersections
University & Dundas (56)
Property Features
Arts Centre, Clear View, Hospital, Park, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$5,286 (2024)
Basement
None
Exterior
Other
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Flat | 9.25' x 16.01' | Hardwood Floor, Open Concept, Se View |
Dining | Flat | 12.76' x 14.40' | Hardwood Floor, Open Concept, W/O To Balcony |
Kitchen | Flat | 12.76' x 14.40' | Hardwood Floor, Centre Island, Combined W/Kitchen |
Prim Bdrm | Flat | 10.01' x 10.01' | Hardwood Floor, W/I Closet, 4 Pc Ensuite |
2nd Br | Flat | 8.99' x 9.25' | Hardwood Floor, Closet, Window Flr to Ceil |
Den | Flat | 5.41' x 7.84' | Hardwood Floor, Sliding Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 2507 is a 2-bedroom 2-bathroom condo listed for sale at $1,249,990, which is $493,389 (65.2%) 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 Right At Home Realty
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