426 University Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Kensington-Chinatown. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $485,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 500-599 sqft
- 0.0 total parking spaces available
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to #1002 - 426 University Ave! One-of-a-kind building here at The Residences at RCMI! Built with pride and attention to detail by luxury builder Tribute Communities and Zeidler Partnership Architects, a landmark development with Toronto's largest military history museum greeting you. Beautiful contemporary one bedroom unit with 9 ft ceilings, floor-to-ceiling windows and efficient layout that maximizes 538sqft of living space. Modern open-concept kitchen with integrated appliances, central granite island and ample cabinetry. Large closet provides extra storage in addition to locker. Amenities include large gym and friendly 24/7 Concierge to welcome you home. Excellent location with near-perfect 99 walk score and a 100 transit score, with St. Patrick TTC subway station just a minute away. Walkable access to U of T, OCAD, major hospitals, Queens Park, the Financial District, AGO, City Hall, Eaton Centre and the University Health Network. Beautiful unit, excellent location to call home!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 426 University Avenue 1002, Toronto C01, ON M5G 1S9
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $485,000 in Toronto, the legal minimum down payment is $24,250 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,175 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $6,175 also applies, bringing the total estimated land transfer taxes to $12,350.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
