488 King Street, Toronto, ON
Moss Park, Toronto · MLS® C13007464
About this home
Sanctuary in the Heart of Historic Corktown! Welcome home to 2600+ square feet of sunlit, freehold living. No condo fees, no rules, just space to breathe.This stately four-level brownstone, built in 2003, offers the rare combination of downtown convenience and true urban sanctuary. Whether you're downsizing, upsizing, or investing, this home delivers. Light-Filled Living, Soaring ceilings and walls of windows flood every floor with natural light. The open-concept living and dining room flows seamlessly into an eat-in kitchen featuring granite countertops, tailored cabinetry, and stainless steel appliances. Patio doors open to a private deck - your personal oasis for morning coffee or evening barbecues beneath a canopy of mature trees.A Primary Suite Worth Lingering In. The entire third floor is dedicated to your retreat. A cozy gas fireplace anchors the bedroom, while a private balcony offers treetop views. The generous walk-in closet handles every season with ease.The 6-piece ensuite is pure indulgence: Soaker tub for two, Rainfall shower, Dual vanities with granite counters. Bidet. Flexible Space for Modern Life. Second floor: Two bright, spacious bedrooms with double closets and convenient in-suite laundry. Basement: A fully self-contained suite with its own King Street entrance, kitchen, and laundry. Ideal for rental income, an in-law or nanny suite, or a dedicated home office. Detached garage: A downtown rarity-with soaring ceilings and room for storage beyond the car. Unbeatable Location: Steps from the Distillery District, St. Lawrence Market, Corktown Common, and the upcoming Ontario Line. Easy access to the DVP and Gardiner puts the entire city within reach. Freehold. Four levels. One exceptional address. Upgrades: Professionally painted throughout (2026); Kitchen/Baths Retiled (2019); Kitchen/Bath Flooring (2019); Lennox Furnace & AC Unit (2019). Shows to perfection! Just move-in and enjoy your new home!
Key facts
- Property type
- Townhouse, 3-Storey
- MLS®
- C13007464
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 4 (1 half)
- Size
- 1500-2000
- Lot
- 14.76 × 97.93 ft
- Cross streets
- King St E & Sumach
- Parking
- 1 garage (detached)
- Driveway
- Lane
- Basement
- Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Property tax
- $7,903 / 2026
- Days on market
- 92
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
open concept · pot lights · hardwood floor
walk-in closet(s) · w/o to balcony · 6 pc ensuite
4 pc bath · ceramic floor · granite counters
above grade window · double closet · laminate
6 pc bath · bidet · granite counters
double closet · hardwood floor · large window
stainless steel appl · granite counters · w/o to deck
stainless steel appl · open concept · laminate
open concept · laminate · walk-out
double closet · hardwood floor · large window
2 pc bath · granite counters · hardwood floor
open concept · pot lights · hardwood floor
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe assigned public school is Inglenook Community School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. King St East at Sumach St is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Open-concept layout: modern, sought-after flow.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Worth verifying
- Lifestyle
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 3% below the area average of $924/sqft.
83 days longer than the Toronto average (9 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Moss Park, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: King St East at Sumach St, about 38 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $1,260,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,724
- Property tax
- $659
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,382
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $27,975
- Toronto municipal land transfer tax
- $27,975
- Estimated closing costs
- $55,950
Plus your down payment of $315,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $403,430
- Principal paid down
- $160,461
- Interest paid
- $242,968
- Balance remaining
- $1,099,539
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.