For Lease
Just Listed
488 University Avenue
Kensington-Chinatown, Toronto, ON
$3,500
2Bd
2Ba
750+sqft
0Parking
$5/sqft
CondoMLS# C13167146Listed 2026-05-240 DOM
Cooling
Central Air
Just listed! New listings in Toronto often receive offers within the first week.
About this home
Discover elevated downtown living at the iconic Residences of 488 University Avenue. This luxurious 2-bedroom, 2-bathroom suite offers a functional layout, featuring 9-ft ceilings, floor-to-ceiling windows, abundant natural light, and incredible unobstructed city views.The unit is finished with a modern high-end kitchen, built-in/premium appliances, hardwood flooring, a walk-in closet. Enjoy a full-sized balcony that extends your living space outdoors, perfect for taking in the downtown skyline.First-class amenities include 24-hour concierge, valet service, indoor pool, fitness centre, spa, sky deck, party room, elegant lounges, and over 30,000 sq. ft. of lifestyle amenities.Unbeatable location with direct indoor access to St. Patrick Subway Station, steps to U of T, OCAD, Toronto City Hall, major hospitals, Financial District, Eaton Centre, College Park, restaurants, shopping, entertainment, and the underground PATH network. With an exceptional walk score, this address offers the perfect blend of luxury, convenience, and urban lifestyle in the heart of Toronto.
PoolHardwood
Features
- Carpet Free
- None
- Central Air
- Apartment
Financials
Estimated Rental Income
Entire property$2,600 – $3,500/mo
Rental yield891.4% – 1200.0%
*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
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Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
80
/ 100
Walk Score
Very Walkable
86
/ 100
Transit Score
Excellent Transit
65
/ 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.