For Lease
Just Listed
488 University Avenue 2802 #2802
Kensington-Chinatown, Toronto, ON
$4,850
2Bd
2Ba
1,100+sqft
0Parking
$4/sqft
CondoMLS# C13697334Listed 2026-08-200 DOM
Cooling
Central Air
Just listed! New listings in Toronto often receive offers within the first week.
About this home
One of the best value lease offerings available in core downtown. Come see this 2+1 bed condo unit. High end AND clean. At the price of $4850, you can enjoy a spacious CORNER unit listed at 1075 sqft with 2 full bedrooms and one gigantic den. The DEN IS HUGE! What is more, you can enjoy the large balcony with decent depth and size. The location is perfectly suited for downsizers, working professionals and anyone else in between. It is hard to do better right on University Ave. You can also rent it as a fully furnished unit if you wish, for a total of $5100 per month.
Rooms
Main Floor
| Foyer | 1.79 × 3.05 m | Hardwood Floor Pot Lights Double Closet |
| Living Room | 4.34 × 3.60 m | Hardwood Floor Window Floor to Ceiling Open Concept |
| Dining Room | 2.05 × 3.12 m | Hardwood Floor W/O To Balcony Window Floor to Ceiling |
| Kitchen | 3.27 × 4.25 m | Centre Island B/I Appliances Breakfast Bar |
| Primary Bedroom | 3.04 × 3.33 m | Walk-In Closet(s) 6 Pc Ensuite Hardwood Floor |
| Bedroom 2 | 2.64 × 2.51 m | Hardwood Floor Window Floor to Ceiling Double Closet |
| Bedroom 3 | 2.64 × 2.43 m | Sliding Doors Double Closet Hardwood Floor |
Features
- Carpet Free
- None
- Central Air
- Apartment
Financials
Estimated Rental Income
Entire property$2,600 – $3,500/mo
Rental yield643.3% – 866.0%
*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.
85
/ 100
Walk Score
Very Walkable
85
/ 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.