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For Lease
Just Listed

488 University Avenue 5216 #5216

Kensington-Chinatown, Toronto, ON
$5,295
3Bd
2Ba
1,100+sqft
0Parking
$5/sqft
CondoMLS# C13620896Listed 2026-07-300 DOM
Cooling
Central Air

Just listed! New listings in Toronto often receive offers within the first week.

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 yield725.2% – 951.8%

*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%
Ownership
53% own · 47% rent
EnglishMandarinCantoneseTagalogTamil

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.

$5,295
488 University Avenue 5216, Toronto
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