488 University Ave 5408

FOR SALE
$1,349,000
488 University Ave 5408, Downtown Toronto
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
488 University Ave 5408
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
5
ROOMS
C11426510
MLSID
Contact Us
Property Description
Welcome to The Lower Penthouse at Residences at 488 University, where luxury living meets unparalleled convenience. This stunning split-layout two-bedroom, two-bathroom suite boasts unobstructed views of Lake Ontario and direct subway access to St. Patrick's Station. With 9-ft ceilings, the bright and spacious interiors feature open-concept living and dining areas, complemented by a state-of-the-art kitchen equipped with integrated European appliances and a stylish breakfast bar. The primary bedroom is a private retreat with a five-piece ensuite, including a double vanity, soaker tub, frameless glass shower, and walk-in closet. Modern finishes throughout create an airy, light-filled ambiance. Ideally situated steps from hospitals, the University of Toronto, Queens Park, and the financial district, this location offers ultimate urban convenience. Residents enjoy access to 40,000 sq. ft. of premium amenities, including an indoor pool, sauna, hot tub, steam room, gym, spin and yoga studios, a party room, 24-hour concierge, and valet parking.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-10-31 2024-11-28 28 $1,368,000 - Terminated
2024-08-28 2024-10-31 64 $4,880 - Terminated
2024-04-05 2024-07-01 87 $5,500 - Terminated
Extras
Integrated Liebherr Fridge, Stove, AEG Cooktop, AEG Range hood, AEG convection microwave, AEG W/D, wine fridge, all existing window coverings & lighting fixtures.Buyer To Assume Valet Parking Agreement W/ Monthly Service Fees@ $192/Month
Nearby Intersections
Property Features
Clear View, Hospital, Park, Place Of Worship, Public Transit, School
Property Details
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$5,307 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Exclusive
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingMain16.80' x 21.78'Hardwood Floor, W/O To Balcony, West View
DiningMain16.80' x 21.78'Hardwood Floor, Combined W/Dining, Window Flr to Ceil
KitchenMain16.80' x 21.78'Hardwood Floor, Stainless Steel Appl, Breakfast Bar
Prim BdrmMain10.01' x 13.58'Hardwood Floor, 5 Pc Ensuite, W/I Closet
2nd BrMain8.99' x 10.70'Hardwood Floor, Sliding Doors, Large Closet
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
488 University Ave 5408 is a 2-bedroom 2-bathroom condo listed for sale at $1,349,000, which is $617,315 (84.4%) 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 Living Realty Inc.
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