Sold
$657,000
2bed|1bath|600-699sqft
0 parking|0 locker
Unit 2011
488 University Avenue 2011, Toronto, ON M5G 0C1
Residential Condo & Other|$577 fees|$3627 tax
MLS #C13027216
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+15 more
1 / 17
Unit 3711 at Residences of 488 University
For Sale488 University Avenue 3711, Toronto C01, ON M5G 0C1
MLS #C12325053
$798,000
Listed Price
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, 9' 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!
Investment Analysis
$2,912
Est. Monthly Rent
Based on $4/sqft
4.38%
Gross Yield
Before expenses
3.14%
Net Yield
After expenses
22.8
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
$1,228/sqftResidences of 488 University
$1,180/sqft+4.1%
Kensington-Chinatown
$1,091/sqft+12.6%
Toronto C01
$883/sqft
Building PSF Range
$1,031$1,298
Fair Market Price
This unit is priced in line with the building average of $1,180/sqft. Expected net yield of 3.14% after maintenance and taxes.
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 OnAug 4, 2025
Maintenance Fees$533/month
Property Tax$3,455/year
Unit 3711 History
Complete transaction history for this unit
Sold
Sold: Jan 29, 2026
$670,000
-$29,000 (-4.1%)
Listed: $699,000• 45 days on market• Sale
View Property Details →4 More Transactions Available
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Similar Sold Units in This Building
Showing 4 of 8
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0 parking|0 locker
Unit 3706
488 University Avenue 3706, Toronto C01, ON M5G 0C1
Residential Condo & Other|$602 fees|$3921 tax
MLS #C12762208
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Sold
$670,000
2bed|1bath|600-699sqft
0 parking|0 locker
Unit 3711
488 University Avenue 3711, Toronto C01, ON M5G 0C1
Residential Condo & Other|$533 fees|$3455 tax
MLS #C12595086
View complete sale history and details
Sold
$738,888
2bed|1bath|600-699sqft
0 parking|0 locker
Unit 4511
488 University Avenue 4511, Toronto C01, ON M5G 0C1
Residential Condo & Other|$554 fees|$3455 tax
MLS #C12076784
View complete sale history and details
Available For Sale in This Building
Available For Sale in This Building
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
52 days on market
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
118 days on market
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
87 days on market
OQ
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OVAIS QASSIM
Broker of Record
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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 for sale at $798K.
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.
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