488 University Ave 3307
University, Downtown Toronto, M5G 0C1
FOR SALE
$1,349,000
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2 + 1
BEDROOMS2
BATHROOMS1
KITCHENS5
ROOMSC11957462
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Property Description
Step into this breathtaking corner unit, where the ceilings are high, the windows are floor-to-ceiling, and your jaw? Well, that's about to hit the floor. Natural light floods the space, making your houseplants, selfies, and morning coffee glow like they belong on a magazine cover. The open-concept living area is designed for entertaining, whether its a sophisticated soiree or just you, sprawled on the couch binge-watching real estate shows and feeling smug because you nailed it with this place. The modern kitchen boasts high-end finishes, a massive breakfast bar/center island and a walk-out to the balcony, so you can sip your morning coffee with a skyline view like a main character in a rom-com. The primary bedroom is a retreat, featuring a walk-in closet and a spa-like ensuite with a soaker tub and glass shower, because you deserve 5-star relaxation every day. The second bedroom overlooks the balcony, perfect for guests or an "I-work-from-home-but-need-a-change-of-scenery" office. Speaking of home offices, the den has a sliding door, offering privacy for Zoom calls or secret midnight snack storage. Need more? How about another full bath, in-suite laundry, and direct TTC access! Not to mention world-class amenities that make leaving the building optional. And when you do, you're in the heart of the city just steps from everything hospitals, schools, shopping, the financial district, and more.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-01-02 | 2023-01-04 | 2 | $4,350 | $4,350 | Leased |
| 2022-10-25 | 2022-12-22 | 58 | $4,800 | - | Terminated |
| 2022-10-25 | 2022-12-22 | 58 | $5,000 | - | Terminated |
| 2022-06-06 | 2022-07-15 | 39 | $4,500 | - | Terminated |
| 2022-06-07 | 2022-07-08 | 31 | $5,100 | $4,800 | Leased |
Nearby Intersections
University & Dundas (67)
Property Features
Hospital, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$5,286 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Rental (Valet)
Garage Type
Other
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 16.01' x 11.42' | Window Flr to Ceil, Open Concept |
| Kitchen | Main | 12.17' x 12.93' | Open Concept, Breakfast Bar, W/O To Balcony |
| Prim Bdrm | Main | 10.17' x 10.17' | W/I Closet, 4 Pc Ensuite |
| 2nd Br | Main | 8.99' x 9.42' | Window Flr to Ceil, Closet |
| Den | Main | 7.84' x 5.41' | Sliding Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 3307 is a 2-bedroom 2-bathroom condo listed for sale at $1,349,000, which is $592,399 (78.3%) 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 Keller Williams Energy Real Estate, Brokerage
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