For Lease
Just Listed
488 University Avenue 3212 #3212
University, Toronto, ON
$3,100
1+1Bd
1Ba
650+sqft
0Parking
$5/sqft
CondoMLS# C13137666Listed 2026-05-160 DOM
Cooling
Central Air
Just listed! New listings in Toronto often receive offers within the first week.
About this home
Client Remarks: Welcome to luxury living at The Residences of 488 University Avenue in the heart of downtown Toronto. Bright and functional 1 bedroom + den suite featuring an extra-large balcony with breathtaking city views, 9' floor-to-ceiling windows, and hardwood flooring throughout. Luxury $$$ spent on upgrades with modern finishes and an open-concept layout perfect for professionals.Enjoy direct underground access to St. Patrick Subway Station and the PATH, offering unmatched convenience year-round. Steps to major hospitals, OCAD University, University of Toronto, Toronto Metropolitan University, Financial District, Eaton Centre, City Hall, Queen West, Chinatown, restaurants, cafés, and entertainment.Exceptional building amenities include 24-hour concierge, indoor pool, sauna, state-of-the-art fitness centre, yoga studio, party/lounge rooms, guest suites, outdoor terrace, and visitor parking. Ideal for professionals, students, and anyone seeking upscale downtown living in one of Toronto's most desirable locations.
PoolHardwood
Rooms
Other
| Living Room | 5.16 × 3.30 m | Hardwood Floor W/O To Balcony West View |
| Dining Room | 5.16 × 3.30 m | Hardwood Floor Combined w/Dining |
| Kitchen | 3.30 × 3.00 m | Quartz Counter Open Concept Breakfast Bar |
| Primary Bedroom | 3.08 × 2.80 m | Walk-In Closet(s) West View |
| Den | 3.00 × 1.66 m | Separate Room Hardwood Floor Sliding Doors |
Features
- Other
- 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
$617K – $717K
Mid-point $667K · ~$1026/sqft
How this listing compares
$617KList · $3K$717K
Medium confidence·Based on 16 university 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.
86
/ 100
Walk Score
Very Walkable
78
/ 100
Transit Score
Excellent Transit
73
/ 100
Bike Score
Very 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.
You may also like
More homes in Toronto
Hand-picked listings with a similar price range and style.
For Lease15 days ago
$2,500
Condo
275 Village Green Square 2722 #2722, Agincourt South-Malvern West
Toronto, ON
2 bd
2 ba
750
1
MLS# E13070870Avion Realty Inc.
For LeaseJust listed
$2,400
Condo
5500 Yonge Street 611 #611, Willowdale West
Toronto, ON
1+1 bd
1 ba
750
1
MLS# C13137720City Plus Realty Inc.
For LeaseJust listed
$3,500
Condo
1 Bloor Street E 1210 #1210, Church-Yonge Corridor
Toronto, ON
2 bd
2 ba
750
1
MLS# C13137728Aimhome Realty Inc.
For Lease2 months ago
$3,300
Condo
38 Forest Manor Road 307 #307, Henry Farm
Toronto, ON
3 bd
2 ba
850
1
MLS# C12888864Re/Max Excel Realty Ltd.