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$1,568,000
DOM67days488 University Avenue · Toronto · Ontario M5G 0C1
67 days on market
Welcome To The 5 Star Luxury Condo At The Residence Of 488 With Direct Access To Subway! Breathtaking CN Tower and Lake View! 1075 Sqft Plus 165 Sqft Massive Balcony. 10 Ft Ceiling, Abundant Natural Light. European built-in Appliances And Marble Countertops In The Kitchen. Move In And Enjoy Your Free 5 Star Gym Membership At Skyclub. Steps Away To Hospitals, U Of T, Ryerson, Queens Park & Financial District. Stunning Building Amenities, Indoor Pool.
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
No price-drop or motivated-seller signals detected from MLS data we track on this listing.
Property history
Comparable sales
Brokered by: REALTY ASSOCIATES INC.
Source: TRREB/PROPTX · MLS® C13681320
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20%+ required — no CMHC insurance on $1.5M+ homes
≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 50% of your true cost of ownership. The other 50% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $71,382 | $5,949/mo |
| Government & taxes | ||
| Property tax | $6,040 | $503/mo |
| Land transfer tax(closing) | $27,835 | $2,320/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $15,680 | $1,307/mo |
| Condo fees | ||
| Condo / HOA fees | $12,007 | $1,001/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $143,604 | $11,967/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.