488 University Ave 3110

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488 University Ave 3110, Downtown Toronto
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2 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
6
ROOMS
C11920540
MLSID
Contact Us
Property Description
WOW! What a view! South West Corner - Stunning Lake & City Views - Best views in the building! Watch the sunset every night on your oversized balcony with a glass of wine! Bright and sunny 2 Bedroom Plus Den. Fifth Avenue suite, 1075 interior square feet. Primary Bedroom can fit a king size bed, Beautiful soaker tub in the primary bathroom and custom closet organizers in the primary closet. Luxury condo connected directly to St Patrick Subway station. Condo includes One 24 hour valet parking spot - no need to go underground to get your car! Go downstairs and grab lunch or a coffee without going outside. Walk to hospitals, cafes, restaurants, Financial District, Queen West, AGO, Universities - convenience at it's best!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-12-19 2025-01-13 25 $1,499,999 - Terminated
2024-10-19 2024-12-19 61 $1,510,000 - Suspended
2024-10-23 2024-12-18 56 $5,400 - Terminated
2024-08-07 2024-10-17 71 $1,485,000 - Terminated
2024-08-07 2024-10-17 71 $4,750 - Suspended
2024-08-07 2024-10-16 70 $1,485,000 - Suspended
2019-12-21 2020-01-20 30 $3,650 $3,650 Leased
Extras
See Floor Plan attached to listing
Nearby Intersections
Property Details
Community
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$5,686 (2024)
Basement
None
Exterior
Concrete
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Exclusive
Garage Type
Underground
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 3110 is a 2-bedroom 2-bathroom condo listed for sale at $1,499,900, which is $768,215 (105.0%) higher than the average sold price of $731,685 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $22,246 (3.0%) compared to the previous 30 day period (November 19 - December 18) and down $30,320 (4.0%) from the same time one year ago.
Inventory Change
There were 779 2-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is down 6.4% compared with the previous 30 day period (November 19 - December 18) and up 35.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($21,191) (2.9%) below asking price over the last 30 days (December 19 - January 17), which represents a $4,232 decrease compared to the previous 30 day period (November 19 - December 18) and ($20,965) 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 (December 19 - January 17) stood at 38.0%, down from 58.2% over the previous 30 days (November 19 - December 18) and down from 48.1% 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 40 days when successfully sold over the last 30 days (December 19 - January 17), compared to 79 days before being removed from the market upon being suspended or terminated.
Listing contracted with Condoman Realty Inc.
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