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Unit 3711 at Residences of 488 University

Sold

488 University Avenue 3711, Toronto C01, ON M5G 0C1

MLS #C12595086

$670,000

Sold on January 29, 2026

January 29, 2026

Originally listed at $699,000 45 days on market

About This Property

Welcome to 488 University, a World-Class Address High Above the Toronto Skyline, a True Blend of Luxury, Sophistication and Beautiful Living Spaces! Rarely Available, Absolutely Stunning 1 Bedroom Plus 1 Den at the Residences of 488 University, Located In a Highly Coveted Area of Toronto! Thousands Spent on Luxurious Upgrades, Bright Living Spaces, High-end Appliances Including B/I Fridge, Sleek European-Inspired Cabinetry, Ceilings and Luxurious Spa-Like Bath. A Large Den That Can Be Used as a 2nd Bedroom or Study. Breathtaking Views from the Unit and from a Balcony that Extends the Living Space Outdoors. Amazing Downtown Living Steps to Every Convenience. A Must See! Direct Access to St. Patrick Subway Station and Dundas Streetcar! Steps To U of T, Queens Park, UHN, Sick Kids, Mount Sinai, TMU, Eaton Centre, and the Financial District. Hotel Inspired 5-Star Amenities and 24Hr Concierge.

Investment Analysis

$2,912
Est. Monthly Rent
Based on $4/sqft
5%
Gross Yield
Before expenses
3.59%
Net Yield
After expenses
20
Years to Recover
Via rental income
Gross Yield: Annual rent ÷ purchase price (before expenses). Net Yield: After deducting maintenance ($533/mo) and property tax ($3,455/yr). Does not include insurance, vacancy, or repairs.

Price Per Square Foot Comparison

This Unit
$1,075/sqft
Residences of 488 University
$1,180/sqft-8.9%
Kensington-Chinatown
$1,091/sqft-1.5%
Toronto C01
$883/sqft
Building PSF Range
$1,031$1,298

Below Market Value

This unit is priced 8.9% below the building average of $1,180/sqft. With a 3.59% net yield after expenses, this could be a strong investment opportunity.

Analysis based on 11 sales and 233 leases in this building. Unit size estimated at 650 sqft.

Property Details

Bedrooms

2

Bathrooms

1

Square Feet

600-699 sqft

Property Type

Residential Condo & Other

ParkingNo
Parking TypeNone
LockerNo
Heating TypeForced Air
StyleApartment
Ensuite LaundryYes
Corp #TSCC-2770
MLS Size600-699
Listed OnNov 30, 2025
Maintenance Fees$533/month
Property Tax$3,455/year

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Unit 3711 History

Complete transaction history for this unit

Terminated

Listed: Aug 4, 2025

$798,000

119 days on marketSale
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4 More Transactions Available

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Transaction History Available

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Price History

Original List Price

$699,000

Listed on Nov 30, 2025

Sold Price

$670,000

Sold on Jan 29, 2026

-$29,000

-4.1%

45 days on market

Price History Available

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OQ

Your Agent

OVAIS QASSIM

Broker of Record

PREMIER MATRIX REALTY LTD. BROKERAGE

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Building Information

Building NameResidences of 488 University
Address488 University, Toronto C01
Parking TypeNone

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About Unit 3711 at Residences of 488 University

Unit 3711 is a residential condo & other with 2 bedrooms, 1 bathroom spanning approximately 600-699 square feet located at Residences of 488 University, 488 University, Toronto C01. This unit is currently sold (sold for $670K).

About Residences of 488 University

Residences of 488 University is located at 488 University, Toronto C01. Explore more units for sale and rent in this building, view building amenities, transaction history, and market insights.

Kensington-Chinatown Neighbourhood

This unit is located in Kensington-Chinatown, part of Toronto C01 in the Toronto area. Explore more condos for sale and rent in this community.

Whether you're looking to buy, sell, or rent at Residences of 488 University, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation.

Keywords: Unit 3711 Residences of 488 University Toronto C01

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