$699,000

For sale

#4412 488 University Avenue, Toronto (Kensington-Chinatown) - Single Family for Sale

#4412 488 University Avenue, Toronto (Kensington-Chinatown), Ontario, M5G0C1

2 beds1 bath0 parking650 ft²$574/mo condo feeListed 17 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $699,000 asking price sits right in line with the $675,000 median in Toronto. It has been on the market 17 days, fresher than the Toronto average of 81 days.

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Description

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. (id:66096)

Property Details

MLS®: C14091514
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $574/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,690.77/yr
Listed: 17 days ago

Rooms

Main level

Living room: 5.65 x 3.27 meters
Dining room: 5.65 x 3.27 meters
Kitchen: 2.88 x 2.35 meters
Primary Bedroom: 2.92 x 2.74 meters
Den: 2.2 x 1.64 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, Oven, Dryer, Microwave, Hood Fan, Window Coverings
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$1,076

List price

$699K

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 2-bed single family in Toronto (Kensington-Chinatown) has been listed for 17 days, which is 64 days fresher than the city average of 81. Act while there is still low competition.

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Listed by AIMHOME REALTY INC. · GRACE GAO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5G)

This home lists at $699,000, about 10.4× the local median household income of $67,500.

Carrying it typically needs a household income of about $136,539 (20% down, 25-yr amortization, stress-tested) — roughly 102% 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)

$699,000· $1,076/ft²

For sale

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Full Cost Breakdown

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Down Payment6.42% · $44,900

Min 6.42%50%

Mortgage payment$3,626/mo

↳ CMHC premium ($26,164 capitalized)

Property tax (est.)$308/mo

Condo fee$574/mo

Total monthly$4,508

Cash Needed to Close

Down payment (6.42%)$44,900

Land transfer tax$20,910

Est. closing costs$4,597

Total cash needed$70,407

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