$699,000
For sale: Apartment

Welcome to the luxurious 488 University Ave! This spacious 1 Bedroom plus Den suite with unobstructed city and lake/CN tower views. Enjoy 9-ft ceilings, floor-to-ceiling windows, living room walk out to large balcony, upgraded all wide-plank laminate flooring throughout. Modern High End Cabinet W/ Integrated and Built-In Appliances, upgraded Built-In Wine Cellar. Marble Counter Top Illuminated By Hidden Under-Cabinet LED Light Strips, Pot Lights Over Kitchen. Designed Closet Organizer In Primary Bedroom's Walk-In Closet, and a spa-inspired bathroom with high end finishes, Selected Freestanding Tub & Frameless Glass Door Shower In 4 Pcs Ensuite Bath. Good Sized Den W/ Frosted Glass Sliding Door. This separate den is ideal as a home office or second bedroom. Residents enjoy premium amenities including a sky lobby, indoor pool, hot tub, fitness centre, terrace, and 24-hour concierge. Direct access to TTC/Subway and steps to hospitals, U of T, OCAD, AGO, Eaton Centre, the Financial District, Entertainment District, Chinatown, and more.
Sold data
Apartment homes in Toronto (Kensington-Chinatown) took a median of 28 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 53, across 2,788 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.
The median sale price was $562,000.
Homes sold for about 3.4% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 18% of sellers reduced their price before finding a buyer.
Based on 2,788 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Kensington-Chinatown) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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