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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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488 University Avenue #3901 Toronto C01
For SalePrice DropThe Residences of 488 University Avenue in Kensington-Chinatown

488 University Avenue #3901 Toronto C01, Condo Apartment for Sale

MLS® C13725650

Kensington-Chinatown, Toronto, ON

70 days on market
$724,000
Previously $778,000
Show on Map
Show on Map
2Beds
2Baths
650Sqft
N/AParking
Pet Friendly
Condo Apartment

Overview· 488 University Avenue #3901 Toronto

MLS® #C13725650

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.

Inclusions

All existing appliances, Microwave Oven

Broker

FIRST CLASS REALTY INC.

Building

The Residences of 488 University Avenue

488 University Avenue8 for sale

Neighbourhood

Kensington-Chinatown

Walk 100Avg $969KArea guide

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Walk Score®100Walker's ParadiseWalker's Paradise
Transit Score®100Rider's ParadiseRider's Paradise
Bike Score®98Biker's ParadiseBiker's Paradise
Schools9527 schools within 1.5 km · nearest 195 m27 schools within 1.5 km · nearest 195 m
Parks10012 parks within 1 km · nearest 234 m12 parks within 1 km · nearest 234 m
Convenience9368 groceries, cafes and pharmacies within 1 km · nearest 93 m68 groceries, cafes and pharmacies within 1 km · nearest 93 m
Safety1Safer than 1% of Toronto neighbourhoods (2025)Kensington-Chinatown: 4,254 incidents per 100,000 residents in 2025, across all crime types, ranked against 158 Toronto neighbourhoods. Toronto counts resident population only, so business and entertainment districts rank worse than residents experience. Source: Toronto Police Services.
Pet Friendly100Pets are Welcome

Highlights & Amenities· 488 University Avenue #3901 Toronto

Source: MLS® listing data
488 University Avenue #3901 Toronto

Condo Apartment

488 University Avenue #3901 Toronto

Kensington-Chinatown

Type

Condo Apartment

Basement

None

Parking

None (0)

Property Tax

~$4,074/yr

Heating

Forced Air

Laundry

Ensuite

Buying Essentials

Maintenance Fee

$641/mo

Fee Includes

Common Elements · Building Insurance

Square Feet

650 sqft

Parking

None (0)

Locker

None

Finances

List Price

$724,000

Price per SQFT

$1,114/sqft

Property Tax

~$4,074/yr

Property Specs

Property Type

Condo Apartment

MLS Size

650 sqft

Exposure

East

Outdoor Space

Open

Basement

None

Living & Amenities

Laundry

Ensuite

Heating Type

Forced Air

Features

None

Policies & Utilities

Pets Allowed

Yes-with Restrictions

Neighbourhood

Kensington-Chinatown

Corp #

TSCC 2770

Property Manager

Duka Property Management

Listed On

Aug 29, 2026

Concierge

Elevator

Exercise Room

Gym

Indoor Pool

Party Room/Meeting Room

Price & Listing History

Days on Market

Current: 70 days

0306090120+

Rooms

Dining Room(Flat)

Open Concept, Combined w/Kitchen, Pot Lights

14.1 x 9.0

127 sqft

Kitchen(Flat)

Hardwood Floor, Modern Kitchen

10.8 x 12.4

134 sqft

(Flat)

3 Pc Ensuite, Walk-In Closet(s), Large Window

9.7 x 9.0

87 sqft

Bedroom 2(Flat)

Closet, Sliding Doors, Hardwood Floor

10.0 x 8.8

88 sqft

Bathroom(Flat)

3 Pc Ensuite

—

Bathroom(Flat)

3 Pc Bath

—

RoomsDimensionsFeaturesSqft
Dining Room(Flat)14.1 x 9.0Open Concept, Combined w/Kitchen, Pot Lights127
Kitchen(Flat)10.8 x 12.4Hardwood Floor, Modern Kitchen134
(Flat)9.7 x 9.03 Pc Ensuite, Walk-In Closet(s), Large Window87
Bedroom 2(Flat)10.0 x 8.8Closet, Sliding Doors, Hardwood Floor88
Bathroom(Flat)—3 Pc Ensuite—
Bathroom(Flat)—3 Pc Bath—

Rooms

6

Listed Room Area

436 sqft

Source

Estimated from MLS room dimensions

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Nearby Schools

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Schools closest to 488 University Avenue #3901 Toronto.

Source: No verified source available.Catchment boundaries and ratings are shown only when available.

No verified nearby school records were found for this property location.

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$2,912/mo
Property Tax$340/mo
Total Monthly$3,252

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0