905-426 University Avenue, Toronto, ON
Kensington-Chinatown, Toronto · MLS® C13659950
About this home
***Attention Parents And Young Professionals-Welcome To 426 University Ave, One Of The Most Prestigious And Sought-After Addresses In Downtown Toronto. This Bright South-Facing Suite Is Bathed In Natural Light Through Expansive Wall-To-Wall Windows With Operable Sections For Fresh Air, And Opens Onto A Large Private Balcony With Stunning City Views. Enjoy The Convenience Of A Short Elevator Ride, Enhancing Everyday Comfort And Accessibility. Thoughtfully Upgraded To Stand Out, It Features Custom Built-In Cabinetry In The Bedroom, A Functional Closet Organizer System, And Enhanced Bathroom Storage With Added Organizer And Towel Bar-Blending Comfort With Everyday Practicality. The Well-Designed Layout Offers A Stylish Kitchen With Breakfast Bar And An Open-Concept Living Space That Feels Both Inviting And Inspiring. The Home Carries A Positive And Motivating Atmosphere, With Previous Residents Achieving Exceptional Academic Success. Ideally Located Steps To The Financial District, City Hall, And Leading Institutions Including University Of Toronto, TMU, And OCAD University, As Well As World-Class Hospitals Such As Mount Sinai, SickKids, And Toronto General. Surrounded By Transit Including St. Patrick Subway Station, Dining, And Daily Conveniences-This Is A Rare Opportunity For End-Users And Investors Alike. One Locker Included.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13659950
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599
- Cross streets
- University/Dundas
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $513/mo
- Exposure
- South
- Property tax
- $2,685 / 2025
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Listed at $440,000, and my independent estimate is right in line with comparable homes.
In Kensington-Chinatown lately, sellers get about 97% of asking; homes sell in ~36 days.
Total price vs nearby homes. Fair value about $424K, median of 11 comparables.
How this estimate is builtthe short version
I take the 11 most comparable recent sales 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 closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $399K, a close match.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
- Elevator: rare and valuable for accessibility and resale. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Ogden Junior 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 11 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 23% below the area average of $1,035/sqft.
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.
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 4.04% via Ratehub.ca (as of August 10, 2026); conventional rates run a little higher.
Mortgage amount $352,000 · 4.19% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,888
- Property tax
- $224
- Condo / maintenance fees
- $513
- Heating
- $0
- Estimated monthly cost
- $2,625
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,275
- Toronto municipal land transfer tax
- $5,275
- Estimated closing costs
- $10,550
Plus your down payment of $88,000. 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
- $113,281
- Principal paid down
- $44,564
- Interest paid
- $68,717
- Balance remaining
- $307,436
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 RE/MAX REALTRON REALTY INC.. MLS®/PropTx.