$465,000 - 426 University Avenue Unit 1002, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed yesterday- MLS Number
- C13438528
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- West
- Balcony
- Juliette
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Welcome to Unit 1002 at 426 University Avenue - where location, lifestyle, and luxury meet! Experience elevated downtown living in this beautiful l-bedroom residence at the iconic Residences at RCMI. Perfectly positioned along Toronto's prestigious University Avenue corridor, this suite places you at the center of it all-just steps from St. Patrick Station, world-class hospitals, major universities, the Financial District, and premier shopping and dining. Insidg, the thoughtfully designed 538 sq. ft. open-concept layout is bright and inviting, featuring soaring 9-foot ceilings and floor-to-ceiling windows. The modern kitchen is both stylish and functional, showcasing sleek cabinetry, granite countertops, and integrated appliances-ideal for everyday living. Residents enjoy access to premium building amenities including a fully equipped fitness centre, 24-hour concierge and security, and convenient bike and car-share facilities. With a near-perfect Walk Score and unbeatable transit access, this address offers the ultimate in urban convenience. Unit 1002 is a perfect opportunity for professionals, investors, or anyone seeking a refined, turn-key home in one of Toronto's most sought-after locations.
Estimate your monthly payments for this property
Estimated Payment
$2,385.69/mo
Includes CMHC insurance ($12,974)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
426 University Avenue Unit 1002, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $930/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 500 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.