$849,900

For sale

#4703 488 University Avenue, Toronto (Kensington-Chinatown) - Single Family for Sale

#4703 488 University Avenue, Toronto (Kensington-Chinatown), Ontario, M5G0C1

2 beds2 baths1 parking750 ft²$688/mo condo feeListed 33 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 750 sq ft of space. It has been on the market 33 days, fresher than the Toronto average of 81 days.

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Description

World-class award-winning landmark building at prime University/ Dundas Location in the heart of downtown Toronto, with direct access to St.Patrick Subway Station. Stunning sunfilled high-floor 2-Bed 2-Bath suite with non-obstructed views of the City and Lake Ontario. Magnificent view of the sunrise makes your days full of energy, joy, and inspiration. Great layout with 9ft high ceilings, floor-to-ceiling windows, and large balcony. Engineered hardwood flooring throughout. Stylish modern kitchen equipped with high-end built-in appliances, center island and stone counters. Spacious master with pre-installed organizer in walk-in closet, and spa-inspired ensuite. 5-star amenities including 24-hour concierge, indoor pool, skydeck, gym, spa, party room, yoga, and much more. Steps to U of T, TMU, OCAD, major hospitals, art galleries and museums, boutique stores, restaurants & pubs, financial district, movies and theatres, Eaton Centre, Queen's Park, College Park, and so on and on... (id:66096)

Property Details

MLS®: C13856850
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $688/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $4,268.14/yr
Listed: 33 days ago

Rooms

Flat

Living room: 3.14 x 2.9 meters
Dining room: 4.42 x 4.3 meters
Kitchen: 4.42 x 4.29 meters
Primary Bedroom: 3.04 x 3.35 meters
Bedroom: 2.81 x 2.49 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, Cooktop, Hood Fan, Window Coverings
Flooring: Hardwood
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

33d

Toronto (Kensington-Chinatown) listings, avg age

81d

Price / ft²

$1,134

List price

$850K

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 33 days, which is 48 days fresher than the city average of 81. Act while there is still low competition.

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Listed by HOMECOMFORT REALTY INC. · PATRICK ZHU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5G)

This home lists at $849,900, about 12.6× the local median household income of $67,500.

Carrying it typically needs a household income of about $166,015 (20% down, 25-yr amortization, stress-tested) — roughly 146% 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)

$849,900· $1,134/ft²

For sale

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Full Cost Breakdown

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Down Payment7.06% · $59,990

Min 7.06%50%

Mortgage payment$4,379/mo

↳ CMHC premium ($31,596 capitalized)

Property tax (est.)$356/mo

Condo fee$688/mo

Total monthly$5,423

Cash Needed to Close

Down payment (7.06%)$59,990

Land transfer tax$26,946

Est. closing costs$5,050

Total cash needed$91,986

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