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For Lease
Just Listed

488 University Avenue 4506 #4506

Kensington-Chinatown, Toronto, ON
$3,100
1+1Bd
1Ba
650+sqft
0Parking
$5/sqft
CondoMLS# C13020212Listed 2026-04-200 DOM
Cooling
Central Air

Just listed! New listings in Toronto often receive offers within the first week.

About this home

488 University - one of the most prestigious addresses in the heart of the Financial District, with direct underground access to St. Patrick subway station. This beautifully designed high-floor 1+den suite offers 674 sq. ft. of interior space plus a 66 sq. ft. open balcony with sunny east exposure, showcasing unobstructed city views and a partial lake view. The excellent layout features a separate den with frosted glass sliding doors, ideal as a second bedroom or private home office. Highlights include 9-ft smooth ceilings, engineered hardwood flooring, and a modern kitchen with built-in European appliances. The spa-inspired bathroom is finished with a freestanding tub, separate shower with body spray, and elegant Carrara marble floors and walls. Unbeatable location within walking distance to the Eaton Centre, University of Toronto, AGO, and the Fashion and Entertainment Districts. An exceptional home for the discerning downtown professional.

Hardwood

Rooms

Other
Living Room3.26 × 3.14 m
Dining Room4.75 × 3.60 m
Kitchen4.75 × 3.60 m
Primary Bedroom3.35 × 3.14 m
Den2.32 × 1.83 m
Other3.35 × 1.83 m

Features

  • Carpet Free
  • None
  • Central Air
  • Apartment

Financials

Estimated Rental Income

Entire property$2,100 – $2,800/mo
Rental yield812.9% – 1083.9%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Toronto

Days on market0 days
Buyer's MarketSeller's Market

Based on active listings in Toronto. Data updates daily.

Demographics — Toronto

Population
2,794,356
Avg Household Income
$102,000
Age Distribution
0-19
19%
20-34
24%
35-49
21%
50-64
19%
65+
17%
Ownership
53% own · 47% rent
EnglishMandarinCantoneseTagalogTamil

Our estimate for this home

Priced 99.5% below estimate
Estimated range
$590K$686K
Mid-point $638K · ~$982/sqft
How this listing compares
$590KList · $3K$686K
High confidence·Based on 49 kensington-chinatown comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. 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. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$3,100
488 University Avenue 4506, Toronto
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