488 University Avenue, Unit 3901 — photo 1For sale

This one's priced above recent comparable sales, and price reduced $12k. Here's everything I've got — ask me anything about it.

Toronto · Toronto Region · Kensington-Chinatown

488 University Avenue, Unit 3901

Condo Apartment

MLS® #C13725650

Listed for$778,000$789,900Price reduced from $789,9008 days on market
2 bed 2 bath 0 parking 600-699 sq ft~$1,198/sq ft
  • Price reduced $12K
  • 8 days on market
  • 12 schools within 1 km
  • Subway ~20 m
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Is $778,000 a fair price?

Our read: it’s priced above recent comparable sales — based on 106 sales nearby. Sign in free to see exactly how far above it is, plus the full range comparable homes sold in.

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Measured against 106 recent comparable sales nearby — sign in free to see the range they sold in (boards require a verified email · VOW rules).

Est. all-in monthly~$4,601/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

12 schools within ~1 km · nearest subway ~0.02 km

Property information
What condo buyers ask first
Maintenance fee
$641 / month
Square footage
600-699 sq ft
Parking
0 spaces · None
Locker
None
Exposure
East
Balcony
Open
Property tax
$4,074 / yr
Building
22-storey building · Ensuite laundry

Property summary

Property type
Condo Apartment
Style
Apartment
Parking
0 spaces · None
Heating
Forced Air
Air conditioning
Central Air
Basement
None
Kitchens
1
Exterior
Concrete, Metal/Steel Siding
Property tax
$4,074 / yr
MLS®
C13725650

Room dimensions

Kitchenhardwood floor, modern kitchen
Flat3.28 × 3.79 m
Dining Roomopen concept, combined w/kitchen, pot lights
Flat4.29 × 2.74 m
Bathroom3 Pc Ensuite
Flat0.0 × 0.0 m
Bathroom3 Pc Bath
Flat0.0 × 0.0 m
Bedroom 2closet, sliding doors, hardwood floor
Flat3.05 × 2.67 m

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

770 Bay Street, Unit 1105Condo Apartment

$498,000

Below recent sales

770 Bay Street, Unit 1105

1+1 bed · 1 bath·600-699 sq ft·$584/mo fee

Toronto

Listed 3 days ago · Jdl Realty Inc.

295 Adelaide Street W, Unit 1306Condo Apartment

$579,990

Below recent sales

295 Adelaide Street W, Unit 1306

1+1 bed · 1 bath·700-799 sq ft·$574/mo fee

Toronto

Listed 4 days ago · Right At Home Realty

889 Bay Street, Unit 409Condo Apartment

$535,000

In line with recent sales

889 Bay Street, Unit 409

1 bed · 1 bath·600-699 sq ft·1 parking·$761/mo fee

Toronto

Listed 3 days ago · eXp Realty

121 St Patrick Street, Unit 1116Condo Apartment

$745,000

Above recent sales

121 St Patrick Street, Unit 1116

2+1 bed · 2 bath·800-899 sq ft·$731/mo fee

Toronto

Listed 1 day ago · Bay Street Group Inc.

386 Yonge Street, Unit 3509Condo Apartment

$826,000

Above recent sales

386 Yonge Street, Unit 3509

2 bed · 2 bath·800-899 sq ft·1 parking·$784/mo fee

Toronto

Listed 2 days ago · Master`S Choice Realty Inc.

70 Temperance Street, Unit 3007Condo Apartment

$519,000

Above recent sales

70 Temperance Street, Unit 3007

1+1 bed · 1 bath·500-599 sq ft·$451/mo fee

Toronto

Listed 3 days ago · Homelife Landmark Realty Inc.

The numbers that matter
The numbers that matter
Maintenance fee
$641/mo
Property tax
$4,074/yr
Est. all-in
~$4,601/mo
Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.
Schools

Schools near this home, closest first by straight-line distance. These are factual locations — AskEmma doesn’t rate or rank schools.

  • Contact Alternative School SchoolPublic · Secondary · Toronto DSB0.2 km
  • Cornerstone Preparatory - MainPrivate · Elementary & Secondary · ..0.4 km
  • Heydon Park Secondary SchoolPublic · Secondary · Toronto DSB0.4 km
  • Orde Street Public SchoolPublic · Elementary & Secondary · Toronto DSB0.5 km
  • Ronald McDonald House Charities TorontoPrivate · Elementary & Secondary · ..0.5 km
  • Beverley SchoolPublic · Elementary & Secondary · Toronto DSB0.5 km

Locations: Open Database of Educational Facilities (ODEF), Statistics Canada v2.1 (2022) · Open Government Licence – Canada. School locations as of 2022 — confirm current catchment and enrolment with the school board. For official provincial results, check EQAO.

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

  • University / Dundas, Northwest cornerNearest transit · Subway~20 m
  • Toronto Union StationNearest GO / rail · GO / regional rail~1.4 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — Toronto
$766KMedian sold
31Median days on market
98.7%Sale-to-list
Median sold price · Toronto1-yr -10% · 3-yr —
Source: TRREB sold data via Repliers · all property types
Neighbourhood demographics — Toronto
2,794,356Population (2021)
39.6Median age
$84,000Median household income
51.9%Home owners
48.1%Renters
2.4Avg household size
Source: Statistics Canada, 2021 Census
Description & details

Experience elevated downtown living at 488 University Avenue. This exceptional 2-bedroom, 2-bathroom residence offers soaring 10-foot ceilings, floor-to-ceiling windows and breathtaking, unobstructed south-facing skyline views. Step onto the private 115 sq. ft. balcony-an ideal setting for morning coffee or relaxing at the end of the day.The sleek, modern kitchen features quartz countertops, European-style built-in appliances and upgraded cabinetry that provides valuable additional storage. The original built-in microwave space has been thoughtfully replaced with three extra drawers. The bright, open-concept living and dining area is filled with natural light, while dimmable lighting in the kitchen and hallway creates the perfect ambience.Both bedrooms are generously sized and enhanced with custom-built closets. The second bedroom features a frosted sliding door that provides privacy while allowing natural light to flow through. The primary suite is a serene retreat with motorized blackout blinds and a spa-inspired ensuite bathroom. Additional upgrades include a custom hallway closet, an LED mirror in the guest bathroom, a smart Ecobee thermostat and a brand-new all-in-one washer and dryer installed in 2025.Residents enjoy five-star amenities, including a fitness centre, indoor pool and rooftop terrace. Ideally located steps from St. Patrick Subway Station, Hospital Row, the University of Toronto, Toronto Metropolitan University, Queen's Park and the Financial District, with outstanding dining, shopping, culture and entertainment at your doorstep.Downtown Toronto living at its absolute finest.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by FIRST CLASS REALTY INC.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.