2012 - 488 University Avenue

Welcome to the stunning apartment for sale in Toronto , located at 488 University Avenue, Toronto. This fabulous 1+1 bedroom suite is nestled within Amexon's iconic The Residences of 488 University Avenue, offering a perfect blend of modern living and urban convenience. The property boasts a prime location in the vibrant Kensington-Chinatown community, making it an ideal spot for anyone looking to immerse themselves in the lively atmosphere of this dynamic area.

As you step into this stylish condo apartment, you'll immediately notice the upgraded wide-plank laminate flooring that flows seamlessly throughout the space. The living area is designed for both comfort and functionality, featuring a lovely walk-out to a private balcony where you can enjoy your morning coffee or unwind after a long day. The kitchen is a true highlight of this apartment for sale in Toronto, showcasing a modern high gloss and matte contrasting cabinetry that is both sleek and practical. With all integrated or built-in appliances, meal preparation becomes a delightful experience. The stone countertop is beautifully illuminated by hidden under-cabinet LED light strips, creating a warm and inviting atmosphere. Plus, pot lights over the kitchen area ensure that you’ll never be short of light while cooking up a storm.

The apartment features a well-appointed primary bedroom with a walk-in closet that has been thoughtfully designed with a closet organiser to maximise your storage space. The ensuite bathroom is a luxurious retreat, complete with a selected freestanding tub and a frameless glass door shower, all within a spacious four-piece layout. This attention to detail adds a touch of elegance to your everyday routine.

In addition to the primary bedroom, this apartment for sale in Toronto includes a good-sized den, which is perfect for a home office or a quiet reading nook. The den is fitted with a frosted glass sliding door, providing privacy while still allowing natural light to flow through. This versatile space adds to the overall appeal of the condo, making it suitable for a variety of lifestyles.

While the apartment at 488 University Avenue, Toronto does not include a pool or a fireplace, it more than makes up for it with its central air conditioning, ensuring that you stay cool and comfortable during the warmer months. The building also offers internet connectivity, so you can stay connected with ease. However, it’s worth noting that there is no central vacuum system, additional land, or garage space associated with this property.

One of the standout features of this apartment for sale in Toronto is the all-inclusive building amenities. Residents can enjoy access to a well-equipped gym, perfect for keeping fit without having to leave the comfort of home. While there is no indoor pool or hot tub in this particular building, the unique direct access to St. Patrick Station makes commuting a breeze. You’ll find yourself just steps away from universities, hospitals, City Hall, Chinatown, and the Art Gallery of Ontario (AGO), placing you in the heart of the action.

In summary, this apartment for sale in Toronto at 488 University Avenue, Toronto, offers a fantastic opportunity for anyone looking to live in a vibrant community with all the conveniences of city life. With its modern finishes, thoughtful design, and prime location, this condo apartment is not to be missed. Whether you’re a first-time buyer, a student, or simply seeking a chic urban retreat, this property ticks all the boxes. Don't hesitate to arrange a viewing and experience the charm of this lovely apartment for yourself!

Kensington-Chinatown, nestled in the heart of Toronto, is a vibrant and eclectic neighbourhood that seamlessly blends diverse cultures and rich histories. Renowned for its bustling streets lined with colourful shops, open-air markets, and an array of eateries offering global cuisines, it presents an inviting atmosphere for those seeking both excitement and a sense of belonging. The area is characterised by its artistic flair, with street art adorning many walls and a lively arts scene that attracts creative minds. Additionally, the proximity to public transport and key city amenities makes it an ideal location for those wishing to immerse themselves in urban life while enjoying the unique charm that Kensington-Chinatown has to offer.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest option is Orde Street Public School, just 0.5 km away, which offers elementary education (JK to 8) with a commendable school rating of 8.4. Additionally, Lord Lansdowne Junior Public School, located 1.1 km away, provides French-language instruction for grades JK to 8, although it currently has no rating available. For older students, Kapapamahchakwew - Wandering Spirit School is 1.3 km away, serving grades 9 to 12, but lacks a school rating. St. Mary Catholic School, situated 1.6 km from the property, offers elementary education (JK to 8) with a rating of 5.9, while St. Joseph's College School, also within 1 km, caters to high school students (9 to 12) and has a rating of 7.2. Overall, the area boasts a mix of public and Catholic schools, providing a variety of educational options for children of all ages, ensuring that families can find suitable schooling within a short distance from their new home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 906 residents, characterized by an average household size of 1.7 individuals. The demographic profile indicates a mature community with an average age of 40.8 years. The average household income stands at a healthy $101,600, although 19% of the population is classified as low-income. The housing market is robust, with an average property price of $1,030,000, and a significant portion of the community consists of renters, making up 52% of households. Condominiums dominate the housing landscape, accounting for 82% of residences. Socially, the community is diverse, with 46.58% of residents being immigrants, and 51.5% of the population is single. Families are present, with approximately 27.91% of households having children. Educational attainment is high, with 82.58% of residents holding a college or university degree. However, a notable 31.61% of the population is not participating in the labor force, indicating potential challenges in employment opportunities within the area. Overall, this community presents a blend of diversity, education, and a significant rental market, making it an intriguing location for potential buyers and investors.