488 University Avenue

488 University Avenue is a 55-storey high-rise apartment condominium located at University and Dundas in the Kensington-Chinatown neighbourhood of downtown Toronto, completed in 2020. The building contains a range of one- to three-bedroom units, with an average size of approximately 735 square feet. Recent sales have averaged around $747,000 (median $699,000), with monthly condo fees averaging roughly $691, or $0.85 per square foot, covering heat, water, hydro and building insurance. The building features a five-star array of amenities including a gym, indoor and lap pools, sauna, rooftop deck with garden, concierge service, and direct access to St. Patrick Subway Station. Before committing to a purchase, obtain and have a lawyer review the status certificate, reserve fund study, budget, financial statements, board minutes, insurance policy and by-laws to understand the building's financial health and governance.