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$724,999
DOM41days488 University Avenue · Toronto · Ontario M5G 0C1
41 days on market
Live In The Luxurious & Exclusive Residences Of 488 University. This Stunning 2 Bed 2 Bath W/ Contemporary Finishes, High Flr W/ Unobstructed North View Offers A Spacious & Functional Layout W/ 689 SF + 115 SF Oversized Balcony, 9 Ft Ceilings W/ Pot Lights, Floor To Ceiling Windows. Top Of The Line Finishes W/ Spa Like Baths, Carrera Marble-Clad Master Bath W/ Standing Showers; Open Concept Designer Kitchen With Marble Countertops & High End Liebherr & AEG Appliances, Custom Soft-Closing Cabinet…
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: CENTURY 21 LEADING EDGE REALTY INC.
Source: TRREB/PROPTX · MLS® C13776870
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20%+ down — no CMHC premium
≈ $0.13/ft² × ~650 ft² · incl. electric heat
Electric heat — no gas service · see hydro
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 46% of your true cost of ownership. The other 54% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $33,005 | $2,750/mo |
| Government & taxes | ||
| Property tax | $4,004 | $334/mo |
| Land transfer tax(closing) | $10,975 | $915/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $7,250 | $604/mo |
| Condo fees | ||
| Condo / HOA fees | $7,389 | $616/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 | $71,783 | $5,982/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.