488 University Ave 4007
University, Downtown Toronto, M5G 0C1
FOR SALE
$1,539,000
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BEDROOMS2
BATHROOMS1
KITCHENS6
ROOMSC8314846
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Property Description
Discover The Epitome Of Location With Direct Access To St. Patrick Station. This Is A Rare Opportunity To Reside In A Luxurious Building Boasting Unparalleled Views. Revel In The Airy Ambiance Provided By 9-Ft Ceilings And Floor To Ceiling Windows Adorned With Custom Blinds. The Kitchen Features High-End Finishes, Elevating Your Culinary Experience. Nestled In A Prime Downtown Locale, You'll Find Yourself In Close Proximity To Esteemed Institutions Like U Of T, OCAD, And Major Hospitals. Step Into Your Private Oasis And Soak In The Mesmerizing City Skyline Under The Night Sky From Your Expansive Balcony.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-06-06 | 2023-06-19 | 14 | $5,000 | $5,000 | Leased |
Nearby Intersections
University & Dundas (48)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$2,462 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Exclusive
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 4007 is a 2-bedroom 2-bathroom condo listed for sale at $1,539,000, which is $707,295 (85.0%) higher than the average sold price of $831,705 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $33,007 (4.1%) compared to the previous 30 day period (March 15 - April 13) and up $1,143 (0.1%) from the same time one year ago.Inventory Change
There were 1,810 2-bedroom condos listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 69.5% compared with the previous 30 day period (March 15 - April 13) and up 53.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($13,848) (1.7%) below asking price over the last 30 days (April 14 - May 13), which represents a $4,233 decrease compared to the previous 30 day period (March 15 - April 13) and ($5,131) 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 (April 14 - May 13) stood at 33.1%, down from 63.4% over the previous 30 days (March 15 - April 13) and down from 65.6% 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 25 days when successfully sold over the last 30 days (April 14 - May 13), compared to 47 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Dash Realty
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