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3901 - 488 UNIVERSITY AVENUE, Toronto (Kensington-Chinatown) — listed at $724,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Experience elevated downtown living at 488 University Avenue. This exceptional 2-bedroom, 2-bathroom residence offers soaring 10-foot ceilings, floor-to-ceiling windows and breathtaking, unobstructed south-facing skyline views. Step onto the private 115 sq. ft. balcony-an ideal setting for morning coffee or relaxing at the end of the day.The sleek, modern kitchen features quartz countertops, European-style built-in appliances and upgraded cabinetry that provides valuable additional storage. The original built-in microwave space has been thoughtfully replaced with three extra drawers. The bright, open-concept living and dining area is filled with natural light, while dimmable lighting in the kitchen and hallway creates the perfect ambience.Both bedrooms are generously sized and enhanced with custom-built closets. The second bedroom features a frosted sliding door that provides privacy while allowing natural light to flow through. The primary suite is a serene retreat with motorized blackout blinds and a spa-inspired ensuite bathroom. Additional upgrades include a custom hallway closet, an LED mirror in the guest bathroom, a smart Ecobee thermostat and a brand-new all-in-one washer and dryer installed in 2025.Residents enjoy five-star amenities, including a fitness centre, indoor pool and rooftop terrace. Ideally located steps from St. Patrick Subway Station, Hospital Row, the University of Toronto, Toronto Metropolitan University, Queen's Park and the Financial District, with outstanding dining, shopping, culture and entertainment at your doorstep.Downtown Toronto living at its absolute finest. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Dining room | Flat | 4.29 x 2.74 meters |
| Kitchen | Flat | 3.28 x 3.79 meters |
| Bedroom 2 | Flat | 3.05 x 2.67 meters |
| Bathroom | Flat | — |
| Bathroom | Flat | — |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,074.42, a condo/maintenance fee of $641.3/mo, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
The listing describes the basement as: None. Confirm the finishing status during a showing — it affects both livable space and resale value.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Tell me about the pool.+
This property has a pool: Indoor pool. Ask whether it's open year-round or seasonal, and factor in maintenance costs when budgeting.
What do the condo/maintenance fees cover?+
The $641.3/mo fee covers: Common Area Maintenance, Insurance.
Who is 3901 - 488 UNIVERSITY AVENUE best suited for?+
With 2 bedrooms and 2 bathrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
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