4703-488 University Avenue, Toronto, ON

Kensington-Chinatown, Toronto · MLS® C13856850

$849,900
For Sale
Listed 17 days agoNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
700-799Sq ft

About this home

In short

  • World-class award-winning landmark building at prime University/ Dundas Location in the heart of downtown Toronto, with direct access to St.
  • Great layout with 9ft high ceilings, floor-to-ceiling windows, and large balcony.
  • Engineered hardwood flooring throughout.
  • Spacious master with pre-installed organizer in walk-in closet, and spa-inspired ensuite.
  • 5-star amenities including 24-hour concierge, indoor pool, skydeck, gym, spa, party room, yoga, and much more.

World-class award-winning landmark building at prime University/ Dundas Location in the heart of downtown Toronto, with direct access to St.Patrick Subway Station. Stunning sunfilled high-floor 2-Bed 2-Bath suite with non-obstructed views of the City and Lake Ontario. Magnificent view of the sunrise makes your days full of energy, joy, and inspiration. Great layout with 9ft high ceilings, floor-to-ceiling windows, and large balcony. Engineered hardwood flooring throughout. Stylish modern kitchen equipped with high-end built-in appliances, center island and stone counters. Spacious master with pre-installed organizer in walk-in closet, and spa-inspired ensuite. 5-star amenities including 24-hour concierge, indoor pool, skydeck, gym, spa, party room, yoga, and much more. Steps to U of T, TMU, OCAD, major hospitals, art galleries and museums, boutique stores, restaurants & pubs, financial district, movies and theatres, Eaton Centre, Queen's Park, College Park, and so on and on...

Key facts

Property type
Condo Apartment, Apartment
MLS®
C13856850
Bedrooms
2
Bathrooms
2
Size
700-799 sq ft
Cross streets
Dundas & University
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$688/mo
Exposure
East
Property tax
$4,268 / 2025
Days on market
17
Listing brokerage
HOMECOMFORT REALTY INC.

Rooms

Living RoomFlat3.14 × 2.90 m

window floor to ceiling · open concept · w/o to balcony

KitchenFlat4.42 × 4.29 m

centre island · b/i appliances · open concept

Primary BedroomFlat3.04 × 3.35 m

3 pc ensuite · walk-in closet(s) · closet organizers

Dining RoomFlat4.42 × 4.30 m

hardwood floor · open concept · breakfast bar

BedroomFlat2.81 × 2.49 m

hardwood floor · closet · sliding doors

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

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.

What sellers nearby are askingCurrently listed nearby in Kensington-Chinatown · asking prices
$821kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Per square foot, these ask about $988/sqft; this home lists at $1,134/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
850kThis home850k878k885k800k690kThis home vs active comparables

Neighbourhood & location

Kensington-Chinatown, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Church-Yonge Corridor
$529K
Waterfront Communities C1
$610K
North St. James Town
$765K
Waterfront Communities C8
$554K
Niagara
$724K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Orde Street Public School
76%
Orde Street Public SchoolPublic · Elementary · 0.5 km awayAbove the GTA average · 76% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Contact Alternative School School · Public secondary0.2 km
Heydon Park Secondary School · Public secondary0.4 km · 8% at standard
Beverley School · Public elementary0.5 km
Subway Academy II · Public secondary0.5 km
Ogden Junior Public School · Public elementary0.8 km · 69% at standard
St Michael's Choir (Sr) School · Catholic secondary0.9 km · 98% at standard
St Michael's Choir (Jr) School · Catholic elementary0.9 km · 98% at standard
St Joseph's College School · Catholic secondary1.0 km · 76% at standard
Lord Lansdowne Junior Public School · Public elementary1.1 km · 85% at standard
Ryerson Community School Junior Senior · Public elementary1.2 km · 52% at standard
da Vinci School · Public elementary1.2 km · 67% at standard
Native Learning Centre · Public secondary1.2 km

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$3,874/mo
$175KIncome needed
4.8×Price ÷ income
$894Weekly cost
$26,946Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

79%mortgage
Mortgage $3,874Property tax $356Condo fee $688Total carry $4,917

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,759per month

Mortgage amount $679,920 · 4.49% over 25 years

$169,980Down payment (20.0%)
$679,920Loan before insurance
$0CMHC premium
$4,803Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,759
Property tax
$356
Condo / maintenance fees
$688
Heating
$0
Estimated monthly cost
$4,803

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$13,473
Toronto municipal land transfer tax
$13,473
Estimated closing costs
$26,946

Plus your down payment of $169,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,550/monthPayment at the qualifying rate

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

$447,898Total interest paid
$1,127,818Total of all payments
Principal $679,920 Interest $447,898
YearPrincipalInterestBalance
1$15,173$29,940$664,747
2$15,862$29,251$648,885
3$16,582$28,531$632,303
4$17,335$27,778$614,968
5$18,122$26,991$596,846
6$18,945$26,168$577,902
7$19,805$25,308$558,097
8$20,704$24,409$537,392
9$21,644$23,468$515,748
10$22,627$22,486$493,121
11$23,654$21,458$469,467
12$24,728$20,384$444,738
13$25,851$19,262$418,887
14$27,025$18,088$391,863
15$28,252$16,861$363,611
16$29,535$15,578$334,076
17$30,876$14,237$303,200
18$32,277$12,835$270,923
19$33,743$11,370$237,180
20$35,275$9,838$201,905
21$36,877$8,236$165,028
22$38,551$6,562$126,477
23$40,301$4,811$86,176
24$42,131$2,981$44,044
25$44,044$1,069$0

At the end of your 5-year term

Total paid over the term
$225,564
Principal paid down
$83,074
Interest paid
$142,490
Balance remaining
$596,846

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.

Let's connect

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

Rental yield
Estimate$2,400/mo
$28,800Gross annual rent
1.5%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

3.4%
Gross yield
− Property tax $4,268− Condo fees $8,254− Insurance $600− Vacancy & upkeep $3,168Net operating income $12,510

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMECOMFORT REALTY INC.. MLS®/PropTx.

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