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 Room | 3.26 × 3.14 m | W/O To Balcony East View Hardwood Floor |
| Dining Room | 4.75 × 3.60 m | Hardwood Floor Combined w/Living Open Concept |
| Kitchen | 4.75 × 3.60 m | Hardwood Floor B/I Appliances Breakfast Bar |
| Primary Bedroom | 3.35 × 3.14 m | Walk-In Closet(s) Semi Ensuite East View |
| Den | 2.32 × 1.83 m | Separate Room Sliding Doors Hardwood Floor |
| Other | 3.35 × 1.83 m | Balcony East View Concrete Floor |
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%
Ownership53% own · 47% rent
EnglishMandarinCantoneseTagalogTamil
Our estimate for this home
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.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
82
/ 100
Walk Score
Very Walkable
82
/ 100
Transit Score
Excellent Transit
59
/ 100
Bike Score
Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
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.
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