For Lease
488 University Avenue 2605 #2605
Kensington-Chinatown, Toronto, ON
$3,400
2Bd
2Ba
850+sqft
0Parking
$4/sqft
CondoMLS# C13531548Listed 2026-07-0727 DOM
Cooling
Central Air
About this home
Welcome to one of Toronto's most prestigious addresses. Stunning 2 Bed, 2 Bath Condo in the Heart of Downtown Toronto 488University Avenue. This exquisite 2-bedroom, 2-bathroom condo offers upscale living with breathtaking city views, luxurious finishes, and unbeatable convenience. Step inside to find a thoughtfully designed open-concept layout with floor-to-ceiling windows, engineered hardwood floors, and custom built-ins. The modern kitchen features quartz countertops, stainless steel appliances, and a sleek island perfect for entertaining or casual dining. The primary bedroom includes a spa-inspired ensuite with a glass-enclosed shower, double vanity, and ample closet space. The second bedroom is perfect as a guest room, office, or nursery, with easy access to the second full bathroom. Enjoy world-class amenities including a rooftop terrace, indoor pool, fitness centre, 24-hour concierge, and direct subway access right from the building. Steps from the Financial District, U of T, hospitals, dining, and entertainment, this residence is ideal for professionals, students, or anyone seeking refined urban living.Dont miss your opportunity to live at the crossroads of elegance and convenience.
PoolHardwood
Rooms
Main Floor
| Living Room | 3.30 × 4.57 m | Combined w/Kitchen W/O To Patio Open Concept |
| Dining Room | 3.30 × 4.57 m | Eat-in Kitchen B/I Stove Granite Counters |
| Bedroom | 2.97 × 3.12 m | 3 Pc Ensuite His and Hers Closets |
Second Floor
| Bedroom | 2.44 × 3.35 m |
Features
- Built-In Oven
- None
- Central Air
- Apartment
Financials
Estimated Rental Income
Entire property$2,600 – $3,500/mo
Rental yield917.6% – 1235.3%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Toronto
Days on market27 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.
85
/ 100
Walk Score
Very Walkable
83
/ 100
Transit Score
Excellent Transit
70
/ 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.