488 University Ave 4811
Kensington-Chinatown, Downtown Toronto, M5G 0C1
FOR SALE
$880,000

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Property Description
Prime University/Dundas Location! Direct Access To Subway, World Award Winning Landmark Bldg.1 Bed+Den (Can Be Used As 2nd Br)+ Balcony, 9 Ft Floor To Ceiling Windows. Steps To U Of T. Uhn Hospitals, University of Metropolitan, Financial District, Eaton Centre, Queens Park, College Park Shops. World Class Amazing Amenities.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-09-26 | 2024-12-26 | 91 | $899,000 | - | Expired |
2024-09-11 | 2024-09-25 | 14 | $928,000 | - | Terminated |
2024-05-10 | 2024-09-09 | 122 | $990,000 | - | Terminated |
2024-02-17 | 2024-05-04 | 77 | $990,000 | - | Expired |
Nearby Intersections
University & Dundas (41)
Property Features
Park, 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
Fan Coil
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 4811 is a 1-bedroom 1-bathroom condo listed for sale at $880,000, which is $322,890 (58.0%) 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 Condowong Real Estate Inc.
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