Downtown Toronto Condo Specialist | Rare Penthouse For Sale at 488 University Ave

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📍 488 University Ave #5302, Toronto, Ontario, Canada

💰 $1,380,000 | 2+1 🛏 | 2 🛀 | 1 🚗 

📐 Approx 1,285 sq ft interior + 180 sq ft balcony (builder’s floor plan)

Welcome to an exceptional penthouse residence in one of Downtown Toronto’s most prestigious landmark luxury buildings, ideally located at University Avenue & Dundas Street.

This stunning 2-bedroom + den, 2-bathroom penthouse offers a spacious, intelligent layout, with the versatile den easily functioning as a third bedroom or private office. Expansive 10-foot floor-to-ceiling windows fill the suite with natural light and frame sweeping city views, while a generous 180 sq ft private balcony provides the perfect setting to unwind or entertain above the skyline.

Thoughtfully upgraded throughout, the suite features high-end finishes, elegant wood flooring, and a refined executive aesthetic. The primary bedroom retreat includes a walk-in closet and a spa-inspired 5-piece ensuite, delivering comfort and sophistication at every turn.

This property also presents a rare turn-key investment opportunity, with AAA tenants in place generating $5,500/month, offering immediate rental income from day one. One parking spot is included.

Residents enjoy direct underground subway access and unbeatable proximity to Toronto’s most iconic destinations — University of Toronto, UHN hospitals, Toronto Metropolitan University, the Financial District, Eaton Centre, Queen’s Park, and College Park.

The building is celebrated for its hotel-style, world-class amenities, including:

✨ 24-hour concierge & valet parking

✨ State-of-the-art fitness centre with spa

✨ Indoor pool

✨ Party & entertainment spaces

✨ Exclusive sky bar & lounge

A rare opportunity to own a downtown penthouse that seamlessly blends luxury living, location, and investment strength.

📩 Interested in a private showing or more details? 📞 Contact Karen Law's team at 647-836-2895