488 University Ave 4508
Kensington-Chinatown, Downtown Toronto, M5G 0C1
FOR SALE
$1,099,900
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BEDROOMS2
BATHROOMS1
KITCHENS5
ROOMSC8111544
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Property Description
*Experience Luxury Living In This Stunning 2 Bedrooms & 2 Bathrooms*Featuring A Spacious Balcony & Clear Views Of The Water and City Scape*Equipped With Motorized Advanced Home Automation, And A Digital Shower System Property Includes Motorized Blinds*With 2 Additional Ones Available For Inclusion At No Extra Cost*Valet Parking From Property Management Available For Rent*All Potlights Can Be Changed Between 3000k/4000k/5000k Via A Switch*Sumptuous Finishes & Prime University/Dundas Locale Direct Access to St. Patrick Subway*Minutes Away from Excellent Dining, Eaton Centre, Theatres, Art Centers, And A Short Walk To Major Hospitals*Fantastic Amenities Include 24/7 Concierge, Gym, Pool, Whirlpool, Sauna, And Entertainment Facilities*
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-05 | 2024-03-04 | 28 | $1,188,000 | - | Terminated |
| 2022-06-06 | 2022-06-06 | 0 | $3,300 | $3,300 | Leased |
| 2021-05-26 | 2021-06-03 | 9 | $3,099 | $2,700 | Leased |
Extras
*S/S Appliance: Cooktop, Oven & Microwave, Built In Wine Fridge, Built-In Luxury Fridge & Dishwasher*Front Load Washer/Dryer*
Nearby Intersections
University & Dundas (43)
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$4,138 (2023)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.53' x 12.80' | Laminate, Combined W/Dining, W/O To Balcony |
| Dining | Main | 12.53' x 12.80' | Laminate, Combined W/Kitchen, Open Concept |
| Kitchen | Main | 12.53' x 12.80' | Laminate, Combined W/Dining, Stainless Steel Appl |
| Prim Bdrm | Main | 9.68' x 10.99' | 4 Pc Ensuite, Large Window |
| 2nd Br | Main | 8.46' x 9.84' | Sliding Doors, Large Window |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 4508 is a 2-bedroom 2-bathroom condo listed for sale at $1,099,900, which is $291,652 (36.1%) higher than the average sold price of $808,248 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $27,050 (3.5%) compared to the previous 30 day period (February 26 - March 26) and up $6,488 (0.8%) from the same time one year ago.Inventory Change
There were 1,491 2-bedroom condos listed in Downtown Toronto over the last 30 days (March 27 - April 25), which is up 18.6% compared with the previous 30 day period (February 26 - March 26) and up 34.8% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($10,410) (1.3%) below asking price over the last 30 days (March 27 - April 25), which represents a $1,522 increase compared to the previous 30 day period (February 26 - March 26) and ($6,828) 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 (March 27 - April 25) stood at 47.0%, up from 46.2% over the previous 30 days (February 26 - March 26) and down from 65.2% 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 24 days when successfully sold over the last 30 days (March 27 - April 25), compared to 53 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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