Condo for sale at 3901-488 University Avenue, Toronto, Ontario, M5G 0C1 - Kensington-Chinatown - MLS: C12994256

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3901-488 University Avenue

Toronto, Ontario, M5G 0C1 - Kensington-Chinatown

$850,000

Neighbourhood

Kensington-Chinatown
Major Intersection

University Ave at Dundas St. W.

Listed Since: 15 day(s)
Last update: today

Overview

Property Type

Condo Apt, Apartment
Bedrooms

2
Bathrooms

2
Square Feet

600-699
Exposure

East
Total Parking

n/a
Maintenance

$641
Taxes

$4,004.20 (2026)
Balcony

Open

Property Description

Property description for 3901-488 University Avenue, Toronto

Welcome to elevated downtown living at one of Toronto's most prestigious addresses 488 University Avenue. This stunning 2-bdrm, 2-bath luxury condo offers an exceptional blend of sophistication, comfort & convenience in the heart of the city. Featuring a thoughtfully designed interior plus a spacious 115 sqft balcony, this residence boasts soaring 10-ft ceilings & flr-to-ceiling windows that flood the space with natural light while showcasing breathtaking, unobstructed south-facing views of Toronto's skyline. The modern kitchen is a chef's dream, complete with sleek European built-in appliances, quartz countertops, and premium finishes throughout. Thoughtfully upgraded, the built-in microwave has been replaced with three additional drawers-enhancing both functionality & storage. The open-concept living area is ideal for entertaining or unwinding in style, elevated further by dimmable pot lights that allow you to set the perfect ambiance. Both bdrms are generously sized & designed for comfort & privacy. Custom upgraded built-in closets are featured in the hallway & 2nd bdrm, maximizing storage with a refined touch. The second bdrm includes a frosted sliding door, offering flexibility & privacy without sacrificing light. The primary suite is a true retreat, complete with blackout blinds with remote control & a spa-inspired ensuite. Additional premium upgrades include a LED mirror in bathroom, smart Ecobee thermostat for enhanced climate control & a convenient all-in-one washer & dryer(2025), blending efficiency with modern living. Residents enjoy access to world-class, 5-star amenities, including a fully equipped fitness centre, indoor pool & outdoor rooftop terrace-perfect for enjoying Toronto's vibrant lifestyle year-round. Located with direct subway access via St. Patrick Station & just steps to hospital row, UofT, Toronto Metropolitan University (Ryerson), Queen's Park & the Financial District, this address offers truly unmatched urban convenience.

Listed by SUTTON GROUP KINGS CROSS INC.

Property details

MLS #

C12994256
Sq. Ft

600-699
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground
Parking Type

None
Locker

None
Pets Permitted

Yes-with Restrictions
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

Main
Building Amenities

Concierge,Elevator,Exercise Room,Gym,Indoor Pool,Party/Meeting Room
Maintenance Fee Includes

n/a
Property Management

Duka Property Management
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

C12994256
Sq. Ft

600-699
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

Underground
Parking Type

None
Locker

None
Pets Permitted

Yes-with Restrictions
Exterior

Concrete
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

Main
Building Amenities

Concierge,Elevator,Exercise Room,Gym,Indoor Pool,Party/Meeting Room
Maintenance Fee Includes

n/a
Property Management

Duka Property Management
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Local Real Estate Price Trends for Condo Apt in Kensington-Chinatown

Active listings

Average Selling Price of a Condo Apt

March 2026

$671,384

Last 3 Months

$675,736

Last 12 Months

$728,014

March 2025

$666,283

Last 3 Months LY

$639,028

Last 12 Months LY

$693,029

Change

How many days Condo Apt takes to sell (DOM)

March 2026

Last 3 Months

Last 12 Months

March 2025

Last 3 Months LY

Last 12 Months LY

Change

27%

Change

112%

Change

34%

Average Selling price

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

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Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.