4608 - 488 UNIVERSITY AVENUE, Toronto (Kensington-Chinatown)

$799,999

For sale: Apartment

Apartment at 4608 - 488 UNIVERSITY AVENUE, Toronto (Kensington-Chinatown)
Property type
Condo Apartment
Bedrooms / bathrooms
2 bedrooms, 2 bathrooms
Living area
899 sqft
MLS®
MLS® C13698686
Neighbourhood
Kensington-Chinatown

Welcome to elevated downtown living at **The Residences of 488 University Avenue**. Perched high on the **46th floor**, this beautifully refreshed **2-bedroom, 2-bathroom residence offers approximately 820 sq. ft. of interior space plus an impressive 160 sq. ft. private balcony**.The highly functional split-bedroom layout provides excellent privacy and efficient use of space. Floor-to-ceiling windows and desirable **south-east exposure** bring in abundant natural light and showcase spectacular city views. The open-concept living, dining and kitchen area is ideal for both everyday living and entertaining. The spacious primary bedroom features a walk-in closet and private ensuite, while the second bedroom is well separated for family, guests or a home office.**Freshly painted, professionally cleaned and carefully prepared for sale**, this vacant suite is move-in ready and shows beautifully.Enjoy luxury building amenities, 24-hour concierge and **direct access to St. Patrick Subway Station**, all from an exceptional downtown location steps to U of T, Queen's Park, major Toronto hospitals, OCAD, TMU, Eaton Centre, the Financial District, restaurants, shopping and entertainment.A rare opportunity to own a **true 820 sq. ft. two-bedroom residence with a 160 sq. ft. balcony on the 46th floor** at one of University Avenue's landmark addresses.

Sold data

Apartment homes in Toronto (Kensington-Chinatown) — recent sold market

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 51, across 3,103 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 53 days.

The median sale price was $575,000.

Homes sold for about 3.2% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 19% of sellers reduced their price before finding a buyer.

Median days to sell
28
Median sale price
$575,000
Sale-to-list ratio
96.8%
Sold above asking
12%

Based on 3,103 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Kensington-Chinatown)

Toronto (Kensington-Chinatown) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Kensington-Chinatown)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 4608 - 488 UNIVERSITY AVENUE