1 / ...
For Sale
$1,518,000
Unit 4802
MLS# C13238218488 University Avenue 4802, Toronto, ON M5G 0C1
3bed|2bath|1000-1199sqft
1parking|1locker
Residential Condo & Other|$970 fees|$6629 tax
83 days on market
Residences of 488 University Condos in Toronto C01
488 University, Toronto C01
300
Total Units
3
For Sale
3
For Rent
17
Sold
307
Leased
$1.4M
Avg Price
48
Days (Sale)
27
Days (Lease)
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1 / ...
For Sale
$1,450,000
Unit 3902
MLS# C13081344488 University Avenue 3902, Toronto, ON M5G 0C1
3bed|2bath|1000-1199sqft
1parking|0locker
Residential Condo & Other|$1040 fees|$5867 tax
114 days on market
1 / ...
For Sale
$1,250,000
Unit 3002
MLS# C13546234488 University Avenue 3002, Toronto, ON M5G 0C1
3bed|2bath|1000-1199sqft
1parking|0locker
Residential Condo & Other|$970 fees|$5970 tax
48 days on market
Showing 1-3 of 3 properties
Property Type:
CondoNumber of Units:
300Condo Demand:
HighUnit Availability:
HighNumber of Storeys:
Condo Completion:
Unit Size Range:
500 - 1,799 SQFTProperty Management:
Duka Property Management 416-596-1928Market Overview
For-Sale Inventory
1.0%
Highest Sale (12mo)
$1.2M
Lowest Sale (12mo)
$657K
Median Maintenance
$791/mo
Year Built
Residences of 488 University Market
Updated Aug 20, 2026
Condos
Median sale price
$730K
Median PSF (est.)▼ 2.8%
$1047/sqft
Sold last 90 days
3
Active listings
6
Months of inventory
3.0
Avg days on market
57
Sale-to-list ratio
94.48%
Absorption rate
33.3%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 91.18% · End-user: 8.82% (from 3 sales, 31 leases)
Price reductions (90d)
Price-reduction rate: 0.00%
Re-entries (past 12 months)
Re-entries: 0 · rate 0.00%
Median PSF (est.) vs parent area
Median PSF: $1,047 — +14.87% vs community avg ($911)[premium]
Supply vs demand by unit type (90d)
Sample: 6 active listings · 3 sold (90d)
studio: 0 active / 0 sold · mismatch +0.00%
1br: 0 active / 0 sold · mismatch +0.00%
2br: 2 active / 2 sold · mismatch -33.34%
3br: 4 active / 1 sold · mismatch +33.34%
Concession pattern by unit type (90d)
2br (11 sales) — 100.00% closed with concessions, avg 5.38% below ask
Seasonality (annual pattern)
Historically strongest months: Sep, Nov, Jul
Historically weakest months: Jun, Aug, Apr
Annual averages: DOM 50.8d · sale-to-list 94.48% (n=14)
Monthly detail
Jan · 1 sales · DOM 45.0d · STL 95.85%
Apr · 1 sales · DOM 89.0d · STL 97.67%
Jun · 3 sales · DOM 50.0d · STL 94.09%
Jul · 2 sales · DOM 43.5d · STL 93.75%
Aug · 5 sales · DOM 63.8d · STL 92.95%
Sep · 1 sales · DOM 10.0d · STL 98.62%
Nov · 1 sales · DOM 11.0d · STL 96.00%
Market Intelligence
Price per sqft analysis and trends
Residences of 488 University
Sale PSF
$1180/sqft
11 sales
Lease PSF
$4.48/sqft/mo
233 leases
Kensington-Chinatown
Sale PSF
$945/sqft
5 sales
Lease PSF
$3.92/sqft/mo
5 leases
Toronto C01
Sale PSF
$883/sqft
173 sales
Lease PSF
$4.45/sqft/mo
1 leases
Toronto
Sale PSF
$788/sqft
861 sales
Lease PSF
$3.85/sqft/mo
1 leases
Price Per Sqft Trends
Avg:$1163/sqft
Range: $927 - $1429/sqft
Exact sqft
Estimated
Fallback
Avg
Location Comparison
| Location | Sale PSF | Lease PSF | # Sales | # Leases |
|---|---|---|---|---|
Residences of 488 UniversityThis Building | 1180 | 4.48/mo | 11 | 233 |
Kensington-Chinatown | 945+25% | 3.92/mo+14% | 5 | 5 |
Toronto C01 | 883+34% | 4.45/mo | 173 | 1 |
Toronto | 788+50% | 3.85/mo+16% | 861 | 1 |
Green badges indicate the building is priced below the comparison area. Data from closed transactions.
Market Analysis
Sale prices at Residences of 488 University average $1180/sqft, which is significantly above the Kensington-Chinatown community average of $945/sqft (+25%).
Prices here are premium compared to the broader Toronto area ($788/sqft).
Rental rates are strong at $4.48/sqft monthly, 14% above the community average, with solid rental yield of 4.6%.
The building has seen 11 sales and 233 leases in recent transactions, indicating very high market activity.
Avg Sale PSF
$1180
Avg Lease PSF
$4.48/mo
Gross Yield
4.6%
Transactions
244
Investment Analysis
Est. Monthly Rent
$3,772
Based on $4.48/sqft
Gross Yield
4.56%
Good Yield
Before expenses
Net Yield
3.25%
Moderate Yield
After expenses
Years to Recover
21.9
Via rental income
vs Kensington-Chinatown
-0.42%
Kensington-Chinatown avg: 4.98%
vs Toronto C01
-1.49%
Toronto C01 avg: 6.05%
Avg. Monthly Operating Costs
Maintenance: $709/mo
Property Tax: $372/mo
Building PSF Range
$1Avg: $1,180/sqft$1,298
💡 Investment Insight: Residences of 488 University provides moderate yield at 4.56%, balancing cash flow with appreciation potential.
Parking & Locker Values
Parkingbuilding
Purchase
N/A
Monthly Lease
$247.37/mo
Lockergeneric
Purchase
$10K
Monthly Lease
$50/mo
Data based on closed transactions. PSF = Price per Square Foot. Yields calculated as annual rent / sale price.
Amenities
BBQs Allowed
Bike Storage
Bus Ctr (WiFi Bldg)
Club House
Concierge
Elevator
Exercise Room
Game Room
Guest Suites
Gym
Indoor Pool
Lap Pool
Media Room
Outdoor Pool
Party Room/Meeting Room
Recreation Room
Rooftop Deck/Garden
Sauna
Security Guard
Security System
Squash/Racquet Court
Visitor Parking
Maintenance Fee Includes:
A/CBuilding InsuranceCommon ElementsCondo TaxesHeatParkingWater
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Building Reviews
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About Residences of 488 University Condos
Residences of 488 University is a premier condominium located at 488 University, Toronto C01. This 300-unit building offers residents luxurious urban living with modern amenities and convenient access to the city's best dining, shopping, and entertainment options.
Currently, there are 330 units available at Residences of 488 University, with prices averaging around $1406K. The building features a variety of floor plans to suit different lifestyles, from cozy studios to spacious multi-bedroom units.
Residences of 488 University stands out in Toronto C01's competitive real estate market for its prime location. Residents enjoy easy access to public transit, major highways, parks, and all essential services. The building's modern design and well-maintained facilities make it an attractive choice for both homeowners and investors.
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 and market analysis.
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