488 University Ave #4802, Toronto

Name: 488 University Avenue, Unit 4802
SKU: C13238218
Price: 1518000 CAD
Availability: InStock

3 Bed, 2 Bath Condo in Toronto

Unit 4802 at 488 University Avenue

Stunning Corner Suite With Unobstructed City Views Offering 1,042 Sq.Ft. Of Interior Living Space Plus A 180 Sq.Ft. Private Balcony. Floor-To-Ceiling Windows Fill The Home With Natural Light, Complemented By Wide-Plank Hardwood Floors, Smooth 10-Ft Ceilings And Modern Finishes Throughout. The Open-Concept Kitchen Features European-Style Cabinetry, Quartz Countertops, Designer Backsplash, Premium Appliances And A Spacious Centre Island. The Primary Bedroom Boasts A Spa-Inspired Ensuite With Freestanding Tub And Glass Shower. Located In The Heart Of Downtown Toronto, Steps To U Of T, Queen's Park, Financial District, Eaton Centre, Transit, Restaurants And Entertainment. Enjoy Exceptional Building Amenities Including Valet Parking, Fitness Centre, Spa, Party Lounge, Sky Bar And More.

3 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $1,518 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.

Inside 488 University Ave #4802

Every detail from the listing, in one place.

Type: Condo
Style: Apartment
Living space: 1000-1199 sq ftas stated on the listing
Parking: 1 spaceYes garage
Basement: None

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 1

Interior

Basement: None

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: Apartment
Property class: Condo Apartment

488 University Ave #4802 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

—ReducedPrice reducedThis listingMLS® C13238218−$20,000 (1.3%)$1,518,000
Jun 4, 2026For saleListedThis listingMLS® C13238218$1,538,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 488 University Ave #4802 Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 16,043 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $844,900
Average sold price: $1,085,898
Average days on market: 32
Homes sold: 9,125

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$844,900Last 90 days
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5194.5%On average, homes sold at or above asking.
Active listings11,963Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with May 12 – Aug 10, 2026: prices up.

Based on 9,125 sales from Aug 10 – Nov 8, 2026 (7,196 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 4802 — 488 University Avenue 3 bd · 2 ba · 1,000 sqft	$1,518,000asking	$1,518	—	—
150 Logan Avenue 3 bd · 2 ba · 1,000 sqft
100 Dalhousie Street 2 bd · 2 ba · 800 sqft
27 Bathurst Street 2 bd · 2 ba · 600 sqft
40 Homewood Avenue 2 bd · 1 ba · 600 sqft
125 Redpath Avenue 2 bd · 2 ba · 700 sqft
18 William Carson Crescent 2 bd · 2 ba · 1,200 sqft

150 Logan Avenue
3 bd · 2 ba · 1,000 sqft
100 Dalhousie Street
2 bd · 2 ba · 800 sqft
27 Bathurst Street
2 bd · 2 ba · 600 sqft
40 Homewood Avenue
2 bd · 1 ba · 600 sqft
125 Redpath Avenue
2 bd · 2 ba · 700 sqft
18 William Carson Crescent
2 bd · 2 ba · 1,200 sqft

More in this building

6 for sale · 9 for rent at 488 University Ave — plus its sale and lease history.

See all of 488 University Ave

Living in Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

St. Patrick StationLine 170 m1 min walk
Osgoode StationLine 1510 m6 min walk
Queen's Park StationLine 1520 m7 min walk

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

St. Patrick Station (Line 1)1 min walk
Osgoode Station (Line 1)6 min walk
Queen's Park Station (Line 1)7 min walk

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

St. Patrick Station
70 m1 minClosest· Line 1
Homes near St. Patrick Station
Osgoode Station
510 m6 min· Line 1
Homes near Osgoode Station
Queen's Park Station
520 m7 min· Line 1
Homes near Queen's Park Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 488 University Ave #4802. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 488 University Ave #4802

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $7,457; 20% down · 25 years · 5.5% assumed
Property tax: $835; 0.66% mill rate · ON
Total per month: $8,292; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$7,457

/mo

based on the purchase price of $1,518,000

Down payment20%

$303,600 cash

Amortization25 yr

$1,214,400 financed

Rate5.50%

$1,022,844 total interest

Principal54%$1,214,400

Interest46%$1,022,844

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

Want rate-drop alerts and a saved shortlist?

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

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Questions About 488 University Ave #4802

How much is 488 University Ave #4802 listed for?

488 University Ave #4802 is listed at $1,518,000 (MLS® C13238218). Summitly updates the price as soon as the MLS® record changes.

Is $1,518,000 a good price for 488 University Ave #4802?

Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate

Has the price of 488 University Ave #4802 changed?

Yes — it was first listed at $1,538,000 and is now $1,518,000, a drop of $20,000 (1.3%).

How many bedrooms and bathrooms does 488 University Ave #4802 have?

488 University Ave #4802 has 3 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Toronto.

Is 488 University Ave #4802 close to transit?

The nearest rapid-transit station is St. Patrick Station (Line 1), about 70 m (about a 1-minute walk) in a straight line. Osgoode Station is about 510 m (about a 6-minute walk), and Queen's Park Station is about 520 m (about a 7-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 488 University Ave #4802?

About $7,457 a month — principal and interest on $1,518,000 with 20% down ($303,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.

How does 488 University Ave #4802 compare with other homes in Toronto?

Its asking price of $1,518,000 is about 80% above the median sold price in Toronto over the last 90 days, $844,900, across 9,125 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.

Has 488 University Ave #4802 been sold before?

Summitly has no earlier MLS® sale or lease of 488 University Ave #4802 on record from the last two years. Older records aren't shown under TRREB rules.

Where is 488 University Ave #4802?

488 University Ave #4802 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 488 University Ave #4802 been on the market?

157 days — 488 University Ave #4802 was listed on June 4, 2026.

What is the price per square foot of 488 University Ave #4802?

About $1,266 to $1,518 per square foot: the asking price of $1,518,000 over the 1,000–1,199 sq ft the listing gives as its size range.

Does 488 University Ave #4802 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know