488 University Ave 3110
University, Downtown Toronto, M5G 0C1
FOR SALE
$1,510,000
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BEDROOMS2
BATHROOMS1
KITCHENS6
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Property Description
Wow what a view! South West Corner - Stunning Lake and 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!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 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 attached floor plan
Nearby Intersections
University & Dundas (49)
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Property Details
Street
Community
City
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
Owned
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 3110 is a 2-bedroom 2-bathroom condo listed for sale at $1,510,000, which is $743,926 (97.1%) higher than the average sold price of $766,074 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $7,530 (1.0%) compared to the previous 30 day period (September 21 - October 20) and down $40,072 (5.0%) from the same time one year ago.Inventory Change
There were 1,204 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 12.5% compared with the previous 30 day period (September 21 - October 20) and up 7.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($20,452) (2.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $2,119 decrease compared to the previous 30 day period (September 21 - October 20) and ($21,092) 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 2-bedroom condos in Downtown Toronto over the last 30 days (October 21 - November 19) stood at 47.6%, up from 33.4% over the previous 30 days (September 21 - October 20) and up from 34.7% 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 (October 21 - November 19), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Condoman Realty Inc.
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