488 University Ave 4811
Kensington-Chinatown, Downtown Toronto, M5G 0C1
FOR SALE
$990,000
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1 + 1
BEDROOMS1
BATHROOMS1
KITCHENS4 + 1
ROOMSC8076138
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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. UhnHospitals, University of Metropolitan, Financial District, Eaton Centre, Queens Park, College ParkShops. World Class Amazing Amenities.
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Extras
Fridge, Stove, B/I Dishwasher, B/I Microwave, Counter Tops, Washer-Dryer, All Elfs.
Nearby Intersections
University & Dundas (43)
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
$3,218 (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 $990,000, which is $388,203 (64.5%) higher than the average sold price of $601,797 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $1,104 (0.2%) compared to the previous 30 day period (February 27 - March 27) and down $25,115 (4.0%) from the same time one year ago.Inventory Change
There were 1,714 1-bedroom condos listed in Downtown Toronto over the last 30 days (March 28 - April 26), which is up 23.1% compared with the previous 30 day period (February 27 - March 27) and up 59.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($7,654) (1.3%) below asking price over the last 30 days (March 28 - April 26), which represents a $3,287 increase compared to the previous 30 day period (February 27 - March 27) and ($2,960) 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 (March 28 - April 26) stood at 39.8%, down from 45.8% over the previous 30 days (February 27 - March 27) and down from 75.5% 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 27 days when successfully sold over the last 30 days (March 28 - April 26), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Condowong Real Estate Inc.
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