488 University Ave 2708
University, Downtown Toronto, M5G 0C1
FOR SALE
$999,888
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Property Description
Your Oasis In The Sky! 1000 SqFt (820 SqFt + 180 SqFt Balcony) Of Luxury Living With Unobstructed Panoramic Views Of The City, CN Tower And Lake. 9Ft Ceilings with Floor To Ceiling Windows. Executive Finishes; High End Kitchen with Center Island and Integrated Appliances; Marble, Porcelain and Wood Flooring throughout. Direct Elevator Access to St.Patrick Subway Station. Unparalleled Amenities with 30,000 SqFt SKY CLUB On the 22nd and 23rd Floors. **EXTRAS** Integrated Kitchen Appl (Fridge, Stove, Dishwasher, Microwave), Washer/Dryer. Amenities include: Outdoor Deck and Lounge, Indoor Pool, HotTub, Gym, Sauna, Pilates/Yoga/Martial Arts Rooms, and more.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2020-12-10 | 2020-12-20 | 10 | $3,100 | $3,100 | Leased |
2020-01-25 | 2020-02-20 | 26 | $2,950 | $2,900 | Leased |
Nearby Intersections
University & Dundas (70)
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Property Details
Street
Community
City
Property Type
Comm Element Condo, Apartment
Approximate Sq.Ft.
800-899
Taxes
$4,442 (2025)
Basement
None
Exterior
Concrete, Metal/Side
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Flat | 11.19' x 9.78' | Hardwood Floor, W/O To Balcony, South View |
Dining | Flat | 15.98' x 11.68' | Hardwood Floor, Combined W/Kitchen, Open Concept |
Kitchen | Flat | 15.98' x 11.68' | Hardwood Floor, B/I Appliances, Centre Island |
Prim Bdrm | Flat | 10.60' x 8.79' | Hardwood Floor, Closet Organizers, 4 Pc Ensuite |
2nd Br | Flat | 9.61' x 8.01' | Hardwood Floor, Glass Doors, Closet |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 2708 is a 2-bedroom 2-bathroom condo listed for sale at $999,888, which is $243,287 (32.2%) 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 Property.Ca Inc.
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