488 University Ave 5302
Kensington-Chinatown, Downtown Toronto, M5G 0C1
FOR SALE
$1,490,000
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BEDROOMS2
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Property Description
Prime University/ Dundas Location! Only Few Years New World-Class Award-Winning Landmark Building. Rarely come out for sale Penthouse Unit !!! Luxury $$$ Spent High End Upgrade Executive Suite. 2 Beds+Den (Can Be Used As A 3rd Bedroom) +2Baths+Parking+180 sf huge Balcony. Fantastic Views, 10' Floor To Ceiling Windows. Master Suite retreat: 5 piece ensuite bath; W/I closets, spacious bedroom size! Wood Floor Throughout. Direct Access To The Subway From The Building. Steps To UofT. Uhn Hospitals. Ryerson U (Toronto Metroploitan U). Financial District, Eaton Centre, Queens Park, College Park Shops. World Class 6 stars Building Amenities Include: Top Of The Line Valet Parking, 24hrs concierge, Fitness Centre With Spa, indoor pool, Party Room, Sky Bar & More!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-08-09 | 2024-12-31 | 144 | $1,680,000 | - | Expired |
2023-05-01 | 2023-05-02 | 1 | $4,800 | $5,000 | Leased |
2020-05-22 | 2020-08-08 | 78 | $4,880 | $4,400 | Leased |
2020-01-30 | 2020-05-22 | 113 | $4,950 | - | Terminated |
Extras
Only A Few years New!Price Included:1 Valet Parking,Ensuite Laundry,High-End Appliances,Upgraded B/I Coffee Machine/Wine Fridge.Mirrored Tv in the master bathroom,Free Stand Bath Tub&Separate Shower Room,&Custom Made Window Blinds& ALL ELFs
Nearby Intersections
University & Dundas (61)
Property Features
Arts Centre, Clear View, Hospital, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$5,586 (2024)
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Exclusive (1 Valet Parking)
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 5302 is a 2-bedroom 2-bathroom condo listed for sale at $1,490,000, which is $758,315 (103.6%) higher than the average sold price of $731,685 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $22,246 (3.0%) compared to the previous 30 day period (November 19 - December 18) and down $30,320 (4.0%) from the same time one year ago.Inventory Change
There were 779 2-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is down 6.4% compared with the previous 30 day period (November 19 - December 18) and up 35.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($21,191) (2.9%) below asking price over the last 30 days (December 19 - January 17), which represents a $4,232 decrease compared to the previous 30 day period (November 19 - December 18) and ($20,965) 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 (December 19 - January 17) stood at 38.0%, down from 58.2% over the previous 30 days (November 19 - December 18) and down from 48.1% 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 40 days when successfully sold over the last 30 days (December 19 - January 17), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max West Vicky Hsu Group Realty
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