Welcome to the luxurious 488 University Ave! This spacious 1 Bedroom plus Den suite with unobstructed city and lake/CN tower views. Enjoy 9-ft ceilings, floor-to-ceiling windows, living room walk out to large balcony, upgraded all wide-plank laminate flooring throughout. Modern High End Cabinet W/ Integrated and Built-In Appliances, upgraded Built-In Wine Cellar. Marble Counter Top Illuminated By Hidden Under-Cabinet LED Light Strips, Pot Lights Over Kitchen. Designed Closet Organizer In Primary Bedroom's Walk-In Closet, and a spa-inspired bathroom with high end finishes, Selected Freestanding Tub & Frameless Glass Door Shower In 4 Pcs Ensuite Bath. Good Sized Den W/ Frosted Glass Sliding Door. This separate den is ideal as a home office or second bedroom. Residents enjoy premium amenities including a sky lobby, indoor pool, hot tub, fitness centre, terrace, and 24-hour concierge. Direct access to TTC/Subway and steps to hospitals, U of T, OCAD, AGO, Eaton Centre, the Financial District, Entertainment District, Chinatown, and more.
1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $1,165 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 488 University Ave #4412
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
600-699 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
488 University Ave #4412 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14091514$699,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 488 University Ave #4412 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,434
/mo
based on the purchase price of $699,000
$139,800 cash
$559,200 financed
$470,993 total interest
Principal54%$559,200
Interest46%$470,993
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $699K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5097.1%On average, homes sold at or above asking.
Active listings12,531Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 9,303 sales from Jul 24 – Oct 22, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
488 University Ave #4412 is listed at $699,000 (MLS® C14091514). Summitly updates the price as soon as the MLS® record changes.
Is $699,000 a good price for 488 University Ave #4412?
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 #4412 changed?
No — 488 University Ave #4412 is still listed at its original asking price of $699,000.
How many bedrooms and bathrooms does 488 University Ave #4412 have?
488 University Ave #4412 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Toronto.
Is 488 University Ave #4412 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 #4412?
About $3,434 a month — principal and interest on $699,000 with 20% down ($139,800), 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 #4412 compare with other homes in Toronto?
Its asking price of $699,000 is about 17% below the median sold price in Toronto over the last 90 days, $845,000, across 9,303 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 #4412 been sold before?
Summitly has no earlier MLS® sale or lease of 488 University Ave #4412 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 488 University Ave #4412?
488 University Ave #4412 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 488 University Ave #4412 been on the market?
4 days — 488 University Ave #4412 was listed on October 18, 2026.
What is the price per square foot of 488 University Ave #4412?
About $1,000 to $1,165 per square foot: the asking price of $699,000 over the 600–699 sq ft the listing gives as its size range.
Does 488 University Ave #4412 have parking or a garage?
