For Lease
488 University Avenue 5216 #5216
Kensington-Chinatown, Toronto, ON
$5,395
3+1Bd
2Ba
1,100+sqft
0Parking
$5/sqft
CondoMLS# C13512022Listed 2026-07-0226 DOM
Cooling
Central Air
About this home
Spectacular Sub-Penthouse residence at 488 University Avenue showcasing breathtaking unobstructed North-West views from the 52nd floor, including stunning sunsets and iconic views over Queen's Park and the city skyline. Offering approximately 1,136 Sq.Ft. plus a rare 185 Sq.Ft. private terrace, this luxurious 3 Bedroom + Den suite combines elegant design with exceptional downtown convenience. Located in one of Toronto's premier luxury buildings with direct underground access to St. Patrick Subway Station, and steps to the Financial District, University Health Network, University of Toronto, theatres, fine dining, shopping, and entertainment. Features include 9-ft smooth ceilings, hardwood flooring throughout, floor-to-ceiling windows, designer finishes, a spa-inspired ensuite with freestanding tub and frameless glass shower, plus a modern chef's kitchen with integrated appliances, wine fridge, and built-in coffee machine.
Hardwood
Features
- Carpet Free
- None
- Central Air
- Apartment
Financials
Estimated Rental Income
Entire property$3,200 – $4,200/mo
Rental yield711.8% – 934.2%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Toronto
Days on market26 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.
83
/ 100
Walk Score
Very Walkable
83
/ 100
Transit Score
Excellent Transit
72
/ 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.