488 University Avenue 4703, Toronto C01

$849,900
488 University Avenue 4703

$849,900

New
21d
Condo ApartmentApartment

488 University Avenue 4703, Toronto C01

Total Monthly Obligation $4,672

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
21d
Score
16
Yield
4.3%
Cash on Cash
-9.3%
Cap Rate
2.6%
5Y IRR
8.3%
10Y IRR
8.9%
Property Type-Condo Apartment
MLS® Number-C13856850
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,268.14 (2025)
Maintenance-$687.83/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-HOMECOMFORT REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Quicker Closing Preferred
Neighbourhood-Kensington-Chinatown
Title-Residential Condo & Other

No agent assigned

World-class award-winning landmark building at prime University/ Dundas Location in the heart of downtown Toronto, with direct access to St.Patrick Subway Station. Stunning sunfilled high-floor 2-Bed 2-Bath suite with non-obstructed views of the City and Lake Ontario. Magnificent view of the sunrise makes your days full of energy, joy, and inspiration. Great layout with 9ft high ceilings, floor-to-ceiling windows, and large balcony. Engineered hardwood flooring throughout. Stylish modern kitchen equipped with high-end built-in appliances, center island and stone counters. Spacious master with pre-installed organizer in walk-in closet, and spa-inspired ensuite. 5-star amenities including 24-hour concierge, indoor pool, skydeck, gym, spa, party room, yoga, and much more. Steps to U of T, TMU, OCAD, major hospitals, art galleries and museums, boutique stores, restaurants & pubs, financial district, movies and theatres, Eaton Centre, Queen's Park, College Park, and so on and on...

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$679,920
Land Transfer Taxes$13,473
Legal Fees (Est.)
$
Total cash required for closing$184,953

Total Monthly Obligation

$4,672/mo
Mortgage $3,428
Monthly Loss $3,770
Principal$902
Interest$2,526
Property Tax$356
Condo Fees$688
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.9%0
5-Year IRR
5.6%13
10-Year IRR
7.3%
Returns Index
7.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$36,144/yr
NOI
$17,608/yr
Net Cash Flow
-$1,961/mo
Cash Margin
-65.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
18.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 488 University Avenue 4703

Time

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Data last updated within the past 24 hours.