3002 - 488 University Avenue, Toronto, ON M5G 0C1
Kensington-Chinatown, Toronto · Near University Ave & Dundas St W · View map
About this home
This is the home you have been dreaming of. This extraordinary 3 bedroom corner suite offers breathtaking, unobstructed views of the Toronto skyline, with 1042 sqft of interior living space plus a 180 sqft private balcony. Floor to ceiling windows flood the interior with natural light, complemented by wide plank hardwood floors, smooth 10 ft ceilings and modern finishes throughout. Freshly painted. The smart, functional layout leaves no wasted space. The well sized bedrooms offer generous storage, and the large private balcony gives you the perfect spot to relax or entertain outdoors. The primary suite features a spa inspired ensuite with freestanding tub and glass shower for a true retreat at the end of the day. A standout feature of this building is valet parking, a rare offering not found anywhere else in the immediate vicinity. Parking and valet service comes included with the unit, with the parking maintenance fee covering the spot itself. No other building nearby can match this level of convenience. Located in the heart of downtown Toronto, steps to major hospitals, St. Patrick Station, U ofT, TMU, Queen's Park, the Eaton Centre, and the Financial District, with direct subway access for seamless connectivity across the city. Building amenities include a fitness centre, spa, party lounge and sky bar. Whether you are a professional, academic, or simply someone who values the best of city living, this unit has it all.
The home
- Type
- Condo apartment
- Style
- Apartment
- Square footage
- 1000-1199 sq ft
- Bedrooms
- 3
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 6
- Basement
- None
- Faces
- North East
- Level
- 13
- Balcony
- Open
- View
- City, Skyline
- Laundry
- In-Suite Laundry
Ownership & fees
- Ownership
- Condominium
- Maintenance fee
- $969.88/mo
- Fee includes
- Heat, CAC, Common Elements, Building Insurance
- Complex
- The Residences of 488 University Avenue
- Property management
- Duka Property Management
- Pets
- Allowed, with restrictions
- Security
- Security System, Security Guard
- Exterior
- Concrete
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Underground
- Garage spaces
- 1
- Total parking
- 1
- Parking features
- Underground
Taxes & other
- Property taxes
- $5,970/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- FLEXIBLE
- Cross street
- University Ave & Dundas St W
- Neighbourhood
- Kensington-Chinatown
More
- Price per sq ft
- ~$1,045 (at 1,100 sq ft)
- MLS® number
- C13864532
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The home and its surroundings
- Arts Centre
- Hospital
- Library
- Park
- Public Transit
Included in the maintenance fee
- Heat
- CAC
- Common Elements
- Building Insurance
Shared in the complex
- Concierge
- Gym
- Indoor Pool
- Party Room/Meeting Room
- Rooftop Deck/Garden
- Sauna
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
488 University Avenue, Toronto, ON M5G 0C1
Kensington-Chinatown, Toronto · Near University Ave & Dundas St W
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Listing history for 488 University Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Answers come straight from this home’s MLS® listing.
How much is 3002 - 488 University Avenue listed for, and what would it cost each month?
3002 - 488 University Avenue is listed for $1,150,000. With 20% down ($230,000), the mortgage payment would be roughly $4,639 a month at 4.5% over 30 years. Add property tax and the maintenance fee and the estimate comes to about $6,106 a month, all in. That figure is an illustration, not a quote.
Is 3002 - 488 University Avenue freehold or a condo, and is there a monthly fee?
3002 - 488 University Avenue is a condo apartment in Kensington-Chinatown, Toronto. Ownership is condominium: you own the unit and a condo corporation looks after the common elements. The maintenance fee is $969.88 a month. The listing says it covers heat, cac, common elements, building insurance. Fees can change, so confirm the current amount in the status certificate.
How many bedrooms and bathrooms does 3002 - 488 University Avenue have?
3002 - 488 University Avenue has 3 bedrooms and 2 bathrooms.
Does 3002 - 488 University Avenue have a garage and parking?
Yes. The listing shows the garage as underground, with room for 1 car. In total the listing counts 1 parking space.
Does 3002 - 488 University Avenue have a finished basement?
No. The listing shows no basement for this home.
What style of home is 3002 - 488 University Avenue?
3002 - 488 University Avenue is a condo apartment. A condo apartment is a unit in a multi-storey building, owned outright, with a monthly fee for the shared parts of the building.
How big is 3002 - 488 University Avenue?
The listing puts the home between 1,000 and 1,199 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement.
How is 3002 - 488 University Avenue heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 3002 - 488 University Avenue?
Property taxes are $5,970 a year (2026), or about $497 a month.
Are pets allowed at 3002 - 488 University Avenue?
Pets are allowed, with restrictions. A condo corporation can limit the size, number or type of pet, so check the condo corporation’s rules before you offer.
Where is 3002 - 488 University Avenue?
3002 - 488 University Avenue is in the Kensington-Chinatown community of Toronto. The nearest main intersection is University Ave & Dundas St W. The postal code is M5G 0C1.
Is 3002 - 488 University Avenue still for sale?
Yes. It is an active listing (MLS® C13864532). Listings here update from the board through the day and come down once a home sells.
What are similar condos near 3002 - 488 University Avenue asking?
Similar condos for sale nearby right now include 4802 - 488 University Avenue at $1,518,000 (3 bed), 4703 - 488 University Avenue at $849,900 (2 bed) and 4310 - 488 University Avenue at $1,568,000 (2+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 488 University Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 3002 - 488 University Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Courtesy of: PROPERTY.CA INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax and the maintenance fee. For illustration only.