*View Video Tour* Experience elevated living in the sky at The Residences of 488 University Avenue, a multi-award-winning luxury condo located along one of Toronto's most prestigious streets. This exceptionally well maintained owner occupied, never rented suite shows to perfection. 'Princess Grace' floor plan, the largest 1 bdrm + den, 1 bath in the building at 674 sq ft + a private 66 sq ft balcony. You'll notice the elevated & high quality details in this upgraded suite the moment you step in. Preferred east-facing exposure that fills the suite w/natural light, framed by breathtaking city views from every room. Floor-to-ceiling windows, 9-foot smooth ceilings, pot-lights, wide plank engineered hardwood floors, custom millwork, and an interior space that is spacious & airy. Showstopper kitchen w/European-style two-toned white and zebra wood cabinetry - there's more storage in this kitchen then some homes. Premium marble countertops & backsplash, integrated/stainless steel AEG appliances, wine fridge, breakfast bar seating. A generously sized living & dining area comfortably accommodates full-size furniture. The den is a separate room with a sliding glass door, well suited as a home office. The incredible views continue in the primary bedroom which features a walk-in dressing-room closet w/built-ins that opens to a semi-ensuite bath. The calibre of the hotel-style bathroom is rarely found in other downtown condos. It is one of the few in the building finished entirely in floor-to-ceiling marble, paired w/Kohler fixtures, walk-in rain-head shower w/body jets, freestanding soaker tub, built in TV in mirror. Incredible building amenities include the 40,000 sq ft SkyClub - an amazing commercial fitness/wellness facility, 80ft indoor lap pool & whirlpool, outdoor wraparound terrace w/city views, valet parking, concierge, direct indoor access to St. Patrick subway. Prime location along Hospital Row & major corporate, legal, financial institutions, steps to U of T, OCAD.
Water Included, Common Elements Included, Building Insurance Included
Taxes:
$3,921.26 /
2025
Assessment:
$- /
-
Toronto
Toronto C01
Kensington-Chinatown
Clear View, Hospital, Public Transit
Carpet Free
Concierge/Security
Yes-with Restrictions
Current owners rent a parking spot - may be possible to assume.
Motorized window blinds, all existing appliances, all existing light fixtures, wardrobe in den & bedroom. Priceless location - perfect for a medical, corporate, business, legislative professional or faculty/those studying at one of the nearby post secondary institutions. Truly an exceptional building, perfectly positioned in the city - and your opportunity to acquire at one of the best values for the quality, size and calibre in the area.
Concrete, Metal/Steel Siding
Indoor Pool, Gym, Rooftop Deck/Garden, Concierge
Floor
Type
Size
Other
Flat
Living Room
10'7"3.23 m × 10'3"3.12 m
Hardwood Floor, Open Concept, W/O To Balcony
Flat
Dining Room
15'6"4.72 m × 11'8"3.56 m
Hardwood Floor, Open Concept, Combined w/Kitchen
Flat
Kitchen
15'6"4.72 m × 11'8"3.56 m
Marble Counter, Stainless Steel Appl, Breakfast Bar
Data was last updated February 7, 2026 at 12:15 AM (UTC)
Area Statistics
Listings on market:
67
Avg list price:
$739,990
Min list price:
$389,000
Max list price:
$1,600,000
Avg days on market:
28
Min days on market:
1
Max days on market:
367
These statistics are generated based on the current listing's property type
and located in
Kensington-Chinatown. Average values are
derived using median calculations. This data is not produced by the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.