4501-488 University Avenue, Toronto, ON
Kensington-Chinatown, Toronto · MLS® C13564782
About this home
Welcome to luxury downtown living at prestigious 488 University Ave. Bright and functional 2-Bedroom, 2 Full Bathroom suite featuring a practical split-bedroom layout, soaring 10-ft ceilings, floor-to-ceiling windows, and a spacious south-facing balcony with beautiful city views. Modern kitchen with built-in European appliances, quartz countertops and ample storage. Thoughtful upgrades include built-in closets, dimmable pot lights, smart Ecobee thermostat, LED bathroom mirror and newer all-in-one washer/dryer (2025). An ideal layout for professionals, medical staff, university students, roommates or a small family. Enjoy exceptional building amenities including 24-hour concierge, fitness centre, indoor pool, party room and rooftop terrace. Direct underground access to St. Patrick Subway Station and just steps to Toronto General Hospital, SickKids, Mount Sinai, Princess Margaret Cancer Centre, University of Toronto, Toronto Metropolitan University, OCAD University, Queen's Park, the Financial District, restaurants, shopping and all downtown conveniences.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13564782
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 600-699
- Cross streets
- University/ Dundas Ave.
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete, Other
- Exposure
- North
- Days on market
- 9
- Listing brokerage
- HOMELIFE NEW WORLD REALTY INC.
Rooms
laminate · open concept · w/o to balcony
laminate · sliding doors
laminate · combined w/dining · large window
walk-in closet(s) · 4 pc ensuite · separate shower
modern kitchen · stainless steel appl · centre island
Listed at $3,280/mo, and my independent estimate is right in line with comparable rentals.
In Kensington-Chinatown lately, landlords get about 99% of asking; homes lease in ~16 days.
Total price vs nearby homes. Fair value about $3,275/mo, median of 3 comparables.
How this estimate is builtthe short version
I take the 3 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
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
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.
On location, this is a very walkable address with everyday errands close by. Dundas Street West is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Based on 3 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.
Getting around
Walker's ParadiseA 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 OpenStreetMap contributors.
Most daily errands can be done on foot.
🚉 Nearest transit: Dundas Street West, about 30 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE NEW WORLD REALTY INC.. MLS®/PropTx.