3002-488 University Avenue, Toronto, ON
Kensington-Chinatown, Toronto · MLS® C13546234
About this home
This is the home you have been dreaming of. This extraordinary corner suite offers breathtaking, unobstructed views of the Toronto skyline, with 1042 sqft of interior living space plus a 180 sqft private balcony. Floor to ceiling windows flood the interior with natural light, complemented by wide plank hardwood floors, smooth 10 ft ceilings and modern finishes throughout. Freshly painted and truly turnkey, this suite comes fully furnished with brand new furniture throughout, simply move in your clothes and start living. The listing price is all inclusive, covering the furniture package right down to the plates in the kitchen, making this one of the easiest move in experiences in the city. The smart, functional layout leaves no wasted space. The well sized bedrooms offer generous storage, and the large private balcony gives you the perfect spot to relax or entertain outdoors. The primary suite features a spa inspired ensuite with freestanding tub and glass shower for a true retreat at the end of the day. A standout feature of this building is valet parking, a rare offering not found anywhere else in the immediate vicinity. Parking and valet service comes included with the unit, with the parking maintenance fee covering the spot itself. No other building nearby can match this level of convenience. Located in the heart of downtown Toronto, steps to major hospitals, St. Patrick Station, U ofT, TMU, Queen's Park, the Eaton Centre, and the Financial District, with direct subway access for seamless connectivity across the city. Building amenities include a fitness centre, spa, party lounge and sky bar. Whether you are a professional, academic, or simply someone who values the best of city living, this unit has it all.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13546234
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1000-1199
- Cross streets
- University Ave & Dundas St W
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $970/mo
- Exposure
- South West
- Property tax
- $5,970 / 2026
- Days on market
- 8
- Listing brokerage
- PROPERTY.CA INC.
Rooms
east view · window floor to ceiling · closet organizers
window floor to ceiling · centre island · marble counter
5 pc ensuite · walk through · hardwood floor
closet · sliding doors · hardwood floor
combined w/dining · hardwood floor
marble counter · centre island · b/i appliances
window floor to ceiling · closet · hardwood floor
b/i shelves · hardwood floor
combined w/living · hardwood floor · w/o to balcony
closet · hardwood floor
nw view · balcony · concrete floor
w/o to balcony · window floor to ceiling · hardwood floor
soaking tub · 4 pc ensuite · marble floor
Listed at $1,250,000, this home is about 20% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 10 similar homes nearby, adjusted for size, beds, and baths.Median of 10 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.04M, a close match. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $899K
- Bathrooms −$15K
- Adjusts to $884K
That comparable adjusts to $884K; the $1.04M estimate above is the median of all 10 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
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.
On location, this is a very walkable address with everyday errands close by. Dundas St West at University Ave - St Patrick Station is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.04M, median of 10 comparables.
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.
- Primary suite: a key comfort and resale feature.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Worth verifying
- Lifestyle
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 16% above the area average of $980/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
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.
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: Dundas St West at University Ave - St Patrick Station, about 49 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
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 $1,000,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,336
- Property tax
- $498
- Condo / maintenance fees
- $970
- Heating
- $0
- Estimated monthly cost
- $6,804
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $21,475
- Toronto municipal land transfer tax
- $21,475
- Estimated closing costs
- $42,950
Plus your down payment of $250,000. 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
- $320,182
- Principal paid down
- $127,350
- Interest paid
- $192,832
- Balance remaining
- $872,650
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
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 PROPERTY.CA INC.. MLS®/PropTx.