$1,568,000

For sale

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#4310 488 University Avenue, Toronto (University) - Single Family for Sale

#4310 488 University Avenue, Toronto (University), Ontario, M5G0C1

3 beds2 baths1 parking ft²

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Listed by PROPERTY.CA INC.

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17 days ago

$348K

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Listed by ROYAL LEPAGE TERREQUITY REALTY

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For salePrice drop

21 days ago

$365K$380K

↓ $15K (4%) price drop

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Listed by RE/MAX REAL ESTATE CENTRE INC.

#1004 720 Spadina Avenue, Toronto (University), Ontario, M5S2T9

For sale

35 days ago

$240K

#1004 720 Spadina Avenue, Toronto (University), Ontario, M5S2T9

1 ba1 pk250 ft²+$724/mo

Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

Investment analysis

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$1,568,000

Toronto

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Description

Welcome To The 5 Star Luxury Condo At The Residence Of 488 With Direct Access To Subway! Breathtaking CN Tower and Lake View! 1075 Sqft Plus 165 Sqft Massive Balcony. 10 Ft Ceiling, Abundant Natural Light. European built-in Appliances And Marble Countertops In The Kitchen. Move In And Enjoy Your Free 5 Star Gym Membership At Skyclub. Steps Away To Hospitals, U Of T, Ryerson, Queens Park & Financial District. Stunning Building Amenities, Indoor Pool. (id:66096)

Property Details

MLS®: C13681320
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 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: $1,001/mo
Fee Includes: Common Area Maintenance, Heat
Ownership: Condo/Strata
Property Tax: $6,040.24/yr
Listed: 80 days ago

Rooms

Main level

Foyer: 6.62 x 1.2 meters
Kitchen: 4.95 x 3.08 meters
Living room: 5.27 x 4.98 meters
Dining room: 5.05 x 4.88 meters
Primary Bedroom: 3.35 x 3.2 meters
Bedroom 2: 3.66 x 2.74 meters
Den: 2.75 x 1.68 meters

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

Market Timing

Days on market

80d

Toronto (University) listings, avg age

79d

Price / ft²

$1,426

List price

$1.57M

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.

Area context

Neighbourhood profile (M5G)

This home lists at $1,568,000, about 23.2× the local median household income of $67,500.

Carrying it typically needs a household income of about $306,285 (20% down, 25-yr amortization, stress-tested) — roughly 354% 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)

$1,568,000· $1,426/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $313,600

Min 20%50%

Mortgage payment$6,687/mo

Property tax (est.)$503/mo

Condo fee$1,001/mo

Total monthly$8,191

Cash Needed to Close

Down payment (20%)$313,600

Land transfer tax$55,670

Est. closing costs$7,204

Total cash needed$376,474

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

#4310 488 University Avenue, Toronto (University) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (M5G)

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Full Cost Breakdown