2603-488 University Avenue, Toronto, ON
Kensington-Chinatown, Toronto · MLS® C13167146
About this home
Discover elevated downtown living at the iconic Residences of 488 University Avenue. This luxurious 2-bedroom, 2-bathroom suite offers a functional layout, featuring 9-ft ceilings, floor-to-ceiling windows, abundant natural light, and incredible unobstructed city views.The unit is finished with a modern high-end kitchen, built-in/premium appliances, hardwood flooring, a walk-in closet. Enjoy a full-sized balcony that extends your living space outdoors, perfect for taking in the downtown skyline.First-class amenities include 24-hour concierge, valet service, indoor pool, fitness centre, spa, sky deck, party room, elegant lounges, and over 30,000 sq. ft. of lifestyle amenities.Unbeatable location with direct indoor access to St. Patrick Subway Station, steps to U of T, OCAD, Toronto City Hall, major hospitals, Financial District, Eaton Centre, College Park, restaurants, shopping, entertainment, and the underground PATH network. With an exceptional walk score, this address offers the perfect blend of luxury, convenience, and urban lifestyle in the heart of Toronto.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13167146
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 700-799
- Cross streets
- Dundas/University
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Other
- Exposure
- East
- Days on market
- 61
- Listing brokerage
- LANDING REALTY INC.
Listed at $3,500/mo, and my independent estimate is about 11% above what comparable rentals suggest.
In Kensington-Chinatown lately, landlords get about 99% of asking; homes lease in ~17 days.
Total price vs nearby homes. Fair value about $3,167/mo, median of 4 comparables.
How this estimate is builtthe short version
I take the 4 most comparable recent leases nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent lease prices, not asking prices. Lot, condition, and finishes are my in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Orde Street Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 4 comparable rentals that recently leased nearby.
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 homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Kensington-Chinatown, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of LANDING REALTY INC.. MLS®/PropTx.