488 University Ave 3711
University, Downtown Toronto, M5G 0C1
FOR SALE
$879,000
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Property Description
Welcome to 488 University, a World-Class Address High Above the Toronto Skyline, a True Blend of Luxury, Sophistication & Beautiful Living Spaces! Rarely Available, Absolutely Stunning 1 Bedroom Plus 1 Den at the Residences of 488 University, Located In a Highly Coveted Area of Toronto! Thousands Spent on Luxurious Upgrades, Bright Living Spaces, High-end Appliances Including B/I Fridge, Sleek European-Inspired Cabinetry, 9'Ceilings & Luxurious Spa-Like Bath. A Large Den That Can Be Used a 2nd Bedroom or Study. Breathtaking Views From The Unit & From a Balcony that Extends the Living Space Outdoors. Amazing Downtown Living Steps to Every Convenience. A Must See! **EXTRAS** Direct Access to St. Patrick Subway Station & Dundas Streetcar! Steps To U of T, Queens Park, UHN, Sick Kids, Mount Sinai, TMU, Eaton Centre, and the Financial District. Hotel Inspired 5-Star Amenities & 24Hr Concierge.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-09-12 | 2022-09-14 | 2 | $3,200 | $3,200 | Leased |
| 2020-06-15 | 2020-07-30 | 45 | $2,800 | $2,625 | Leased |
Nearby Intersections
University & Dundas (67)
Property Features
Arts Centre, Clear View, Hospital, Library, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$3,455 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 3711 is a 1-bedroom 1-bathroom condo listed for sale at $879,000, which is $321,890 (57.8%) higher than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 1-bedroom condos in Downtown Toronto over the last 30 days (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 New Concept
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