488 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 $699,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 600-699 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 488 University, a World-Class Address High Above the Toronto Skyline, a True Blend of Luxury, Sophistication and Beautiful Living Spaces! Rarely Available, Absolutely Stunning 1 Bedroom Plus 1 Den at the Residences of 488 University, Located In a Highly Coveted Area of Toronto! Thousands Spent on Luxurious Upgrades, Bright Living Spaces, High-end Appliances Including B/I Fridge, Sleek European-Inspired Cabinetry, Ceilings and Luxurious Spa-Like Bath. A Large Den That Can Be Used as a 2nd Bedroom or Study. Breathtaking Views from the Unit and from a Balcony that Extends the Living Space Outdoors. Amazing Downtown Living Steps to Every Convenience. A Must See! Direct Access to St. Patrick Subway Station and Dundas Streetcar! Steps To U of T, Queens Park, UHN, Sick Kids, Mount Sinai, TMU, Eaton Centre, and the Financial District. Hotel Inspired 5-Star Amenities and 24Hr Concierge.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Arts Centre, Clear View, Hospital, Library, Place Of Worship, Public Transit
Interior Features
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Security Features
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Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 488 University Avenue 3711, Toronto C01, ON M5G 0C1
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 $699,000 in Toronto, the legal minimum down payment is $44,900 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 $10,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $10,455 also applies, bringing the total estimated land transfer taxes to $20,910.
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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.
