For SaleCondo Apt · ApartmentMLS® #C13238218 · TRREB MLS®
4802-488 University Ave, Toronto, Ontario
Bay Street Corridor, Toronto, Ontario M5G 0C1
- Bedrooms
- 3
- Bathrooms
- 2
- Type
- Condo Apt
- Basement
- None
$1,518,000
Estimated market value
About 4802-488 University Ave
4802-488 University Ave is a 3-bedroom, 2-bathroom condo in Bay Street Corridor, Toronto, listed for sale at an asking price of $1,518,000 (MLS® C13238218).
Stunning Corner Suite With Unobstructed City Views Offering 1,042 Sq.Ft. Of Interior Living Space Plus A 180 Sq.Ft. Private Balcony. Floor-To-Ceiling Windows Fill The Home With Natural Light, Complemented By Wide-Plank Hardwood Floors, Smooth 10-Ft Ceilings And Modern Finishes Throughout. The Open-Concept Kitchen Features European-Style Cabinetry, Quartz Countertops, Designer Backsplash, Premium Appliances And A Spacious Centre Island. The Primary Bedroom Boasts A Spa-Inspired Ensuite With Freestanding Tub And Glass Shower. Located In The Heart Of Downtown Toronto, Steps To U Of T, Queen's Park, Financial District, Eaton Centre, Transit, Restaurants And Entertainment. Enjoy Exceptional Building Amenities Including Valet Parking, Fitness Centre, Spa, Party Lounge, Sky Bar And More.
Insights
Condition Score
Fair4 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall−$4,248/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 39 condos with 3 bedrooms for lease in Bay Street Corridor right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
Key facts
- Tax
- $6,629 / 2026
- MLS® number
- C13238218
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Listing history
Buy/sell history for 4802-488 University Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
Dates and closing prices are shown to signed-in members.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date Start— | — | $1,518,000 | — | Pc | C13238218 |
Members see the full history. Prices are hidden from signed-out visitors.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kishan Patel for a full comparative market analysis.
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Bay Street Corridor
- Municipality
- Toronto
Building
- Size
- 1000-1199 sqft
- Construction
- Concrete
Inside
- Bedrooms
- 3
- Bathrooms
- 2
- Bathroom Details
- 2 × 4pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- All Electrical Light Fixtures, All Existing Appliances & Window Coverings. One Exclusive Underground Parking Spot- Valet Parking At Building ($240/Month Approximately).
- Condo maint.
- $970
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.75 × 4.88 m | Open Concept, Window Flr to Ceil, hardwood floor | Main |
| Kitchen | 3.73 × 4.72 m | Combined W/Dining, Open Concept, Stainless Steel Appl | Main |
| Dining | 3.73 × 4.72 m | Combined W/Kitchen, hardwood floor, W/O To Balcony | Main |
| Primary | 3.55 × 3.05 m | Double Closet, 4 Pc Ensuite, East View | Main |
| 2nd Br | 2.74 × 2.8 m | Double Closet, hardwood floor, North View | Main |
| 3rd Br | 2.74 × 2.77 m | Double Closet, hardwood floor, Sliding Doors | Main |
Map and tour
Condos for sale in Bay Street Corridor right now
- For sale now
- 181
- Median asking price
- $660K
Middle half: $529K to $929K
This home is asking 130% above the median, higher than three quarters of them.
See all homes in Bay Street CorridorAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Signals around this home
Changing nearby. 6 open development applications on this home’s street within 800 m.
250 DUNDAS ST WPlan of subdivisionUnder Review
Draft Plan of Subdivision for 4 blocks.
70 m away250 DUNDAS ST WSite planUnder Review
INACTIVE Proposal for a 49-storey mixed-use building comprised of 441 residential dwelling units, including 26 affordable housing units. The proposal will have a non-residential gross floor area of 31,113 square metres, and a non-residential gross floor area of 15,399 square metres.
70 m away522 UNIVERSITY AVESite planUnder Review
Site Plan Control application to permit a 64-storey mixed-use building, comprised of a 51-storey residential tower atop a 15-storey office podium. The proposal consists of a total of approximately 54,983 square metres of gross floor area, of which 33,570 square metres would be dedicated to residential uses, 21,202 square metres to office uses, and 2111 square metres to retail uses, resulting in a density of 22.8 FSI. The proposed building will contain a total of 579 dwelling units in a range of unit types.
100 m away505 UNIVERSITY AVESite planUnder Review
The redevelopment proposes a 64-storey mixed-use building with a 12-storey office podium and is inclusive of four levels of below-grade parking with a total of 171 parking spaces. The redevelopment proposes 704 dwelling units, resulting in a total residential gross floor area (GFA) of 46,683 sq. m., a total of 24,919 sq. m. of office GFA, and a total of 460 sq. m of retail GFA which results in a total Floor Space Index (FSI) of 21.65, pursuant to GFA calculations under By-law 569-2013.
120 m away195 DUNDAS ST WSite planUnder Review
Site plan application for a 41-storey mixed use building, comprising of a 6-storey podium, on top of which is a 35-storey tower. The proposed building will contain retail uses at-grade, along with non-residential use between the 2nd and 20th levels, and residential uses between the 21st to 41st levels. The building will contain a total of 135 new dwelling units. A related ZBA (22 204655 STE 10 OZ) and SPA (22 204654 STE 10 SA) are being circulated concurrently.
160 m away191 DUNDAS ST WSite planUnder Review
Site plan application for a 41-storey mixed use building, comprising of a 6-storey podium, on top of which is a 35-storey tower. The proposed building will contain retail uses at-grade, along with non-residential use between the 2nd and 20th levels, and residential uses between the 21st to 41st levels. The building will contain a total of 135 new dwelling units. A related ZBA (22 204655 STE 10 OZ) and SPA (22 204654 STE 10 SA) are being circulated concurrently.
180 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
Land transfer tax on this home
- Ontario land transfer tax
- $26,835
- Toronto municipal land transfer tax
- $26,835
- Total land transfer tax
- $53,670
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $45,195
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,518,000
- $22,360
- Ontario total
- $26,835
Toronto’s municipal tax uses the same brackets at this price, so it adds another $26,835.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No cleared building permit found for this address in the City’s cleared-permits file, which begins in 2017. Older permits, open permits and permits filed under another address form may not appear.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Orde Street Public SchoolToronto DSB | Public · grades JK–8 | 500 m | 82%Grade 6 average |
| Beverley SchoolToronto DSB | Public · grades JK–8 | 550 m | — |
| St Michael's Choir (Jr) SchoolToronto CDSB | Catholic · grades 1–8 · French Immersion | 900 m | 99%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.4 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 450 m | 8%Grade 9 math |
| Subway Academy IIToronto DSB | Public · grades 9–12 | 550 m | — |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 900 m | 96%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 1.3 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| St Patrick Station | TTC subway: Line 1 Yonge-University | 100 m |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 450 m |
| Queen's Park Station | TTC subway: Line 1 Yonge-University | 550 m |
| TMU Station | TTC subway: Line 1 Yonge-University | 650 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 1.3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Zoning
By-law
See Former City of Toronto By-Law No. 438-86What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $303,600
- Total mortgage amount
- $1,214,400
- Total interest payment
- $863,400
- Total purchase cost
- $2,381,400
- Mortgage payment
- $6,926/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
69%Monthly carrying cost
$8,448- Rent $4,200
- Shortfall $4,248
Rental income opens at $4,200, the median asking rent of 39 comparable homes for lease in Bay Street Corridor. Type over it with the rent you expect. This is a planning tool, not advice.
Market area · filters apply to the charts below
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Sold prices in Bay Street Corridor are shown to signed-in members.