$1,150,000

For sale

#3002 488 University Avenue, Toronto (Kensington-Chinatown) - Single Family for Sale

#3002 488 University Avenue, Toronto (Kensington-Chinatown), Ontario, M5G0C1

3 beds2 baths1 parking1,100 ft²$970/mo condo feeListed 30 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,100 sq ft of space. It has been on the market 30 days, fresher than the Toronto average of 81 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

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. (id:66096)

Property Details

MLS®: C13864532
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $970/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Property Tax: $5,969.68/yr
Listed: 30 days ago

Rooms

Main level

Foyer: 2.81 x 1.64 meters
Kitchen: 4 x 3.75 meters
Living room: 4.4 x 3.78 meters
Primary Bedroom: 3.45 x 3.1 meters
Bathroom: 2.9 x 2.6 meters
Bedroom 2: 2.86 x 2.72 meters
Bedroom 3: 2.7 x 2.44 meters
Other: 7.58 x 2.42 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan, Blinds
Flooring: Hardwood, Marble
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$1,046

List price

$1.15M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Toronto (Kensington-Chinatown) has been listed for 30 days, which is 51 days fresher than the city average of 81. Act while there is still low competition.

Set a price alert Book a showing

Listed by PROPERTY.CA INC. · VERONIKA ZYKOVA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5G)

This home lists at $1,150,000, about 17.0× the local median household income of $67,500.

Carrying it typically needs a household income of about $224,635 (20% down, 25-yr amortization, stress-tested) — roughly 233% above the area median.

Median household income: $67,500
Population: 9,751
Median age: 30.8
Owner / renter: 30% / 70%
Avg. household size: 1.7

Source: Statistics Canada, 2021 Census (FSA M5G)

$1,150,000· $1,046/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment7.83% · $90,000

Min 7.83%50%

Mortgage payment$5,877/mo

↳ CMHC premium ($42,400 capitalized)

Property tax (est.)$497/mo

Condo fee$970/mo

Total monthly$7,344

Cash Needed to Close

Down payment (7.83%)$90,000

Land transfer tax$38,950

Est. closing costs$5,950

Total cash needed$134,900

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice