488 University Ave 5408

FOR SALE
$1,368,000
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
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
5
ROOMS
C9770416
MLSID
Contact Us
Property Description
Welcome to The Residences at 488, where you'll find an exquisite view and layout with direct subway access to St. Patrick's Station. This exceptional split two-bedroom, two-bathroom unit offers unobstructed views of the CN Tower and Lake Ontario. The wide-open living and dining areas are complemented by a top-of-the-line kitchen featuring integrated European appliances and a convenient breakfast bar. The primary bedroom boasts a luxurious five-piece ensuite with a double vanity, a soaker tub, a frameless glass shower, and a walk-in closet. With modern finishes throughout, the unit exudes a lofty, spacious feeling and is bathed in natural light. Located just steps from hospitals, the University of Toronto, UTM, Queens Park, and the financial district, it offers unparalleled convenience. Enjoy access to stunning 40,000 square feet of amenities, including an indoor pool, sauna, hot tub, steam room, gym, spin and yoga studios, a party room, 24 hr concierge and valet parking.
Listing History
List Date End Date Days Listed List Price Sold Price Status
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 washer and dryer wine fridge, all existing window coverings and lighting fixtures.
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 $1,368,000, which is $597,174 (77.5%) higher than the average sold price of $770,826 in the last 30 days (October 13 - November 11). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $8,638 (1.1%) compared to the previous 30 day period (September 13 - October 12) and down $27,982 (3.5%) from the same time one year ago.
Inventory Change
There were 992 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 13 - November 11), which is down 34.2% compared with the previous 30 day period (September 13 - October 12) and down 22.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($17,896) (2.3%) below asking price over the last 30 days (October 13 - November 11), which represents a $299 increase compared to the previous 30 day period (September 13 - October 12) and ($17,690) 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 (October 13 - November 11) stood at 52.3%, up from 32.1% over the previous 30 days (September 13 - October 12) and up from 34.9% 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 31 days when successfully sold over the last 30 days (October 13 - November 11), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Living Realty Inc.
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