Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
2208 - 488 University Ave
$928,0002 bds2 ba0 pk866 sqft
94 Days on Strata
$928,000
2 Beds
2 Bath
0 Parking
866 SQFT
Listing History
Details
Property Type:
Condo
Maintenance Fees:
$705/mth
Taxes:
$4,138 (2024)
Cost Per Sqft:
$1,072/sqft
Outdoor Space:
Balcony
Locker:
None
Exposure:
South East
Possession Date:
January 31, 2025
Amenities
Party Room
Bike Storage
Gym
Indoor Pool
Lap Pool
Sauna
Outdoor Pool
Concierge
Games Room
Squash Court
Media Room
Rooftop Deck
About this Listing
Toronto Downtown Prime Location, Location, Location, Location, !! University & Dundas Award Winning Building, 9th Floor Celling Window, Direct Access to St. Patrick Subway Station, Hospitals Near By, Dental, School, Art Gallery Of Ontario, U Of T , Toronto City Hall, Ryerson University, Financial District, Eaton Centre, College Park Shops, Amazing Amenities, Luxury Building, Open Concept Lay Out Very Bright **EXTRAS** Fridges, Stove, B/I Dishwasher, Microwave, Granite Counter Tops, Ensuite Washer and Dryer, All Elfs, Blinds.
hc realty group inc.MLS® #C11919547
Fees & Utilities
Maintenance Fees
Included in Fees
Building Maintenance
Building Insurance
Not Included
Hydro
Heat
Air Conditioning
Water
Utility Type
Air Conditioning
Central Air
Heat Source
Gas
Heating
Forced Air
Room Dimensions
Bedroom
4 Piece Ensuite, Large Window
36.06 x 31.76ft
2nd Bedroom
Sliding Doors, Large Window
32.29 x 27.76ft
Living
Laminate, Combined with Dining, Walkout To Balcony
42 x 41.11ft
Dining
Laminate, Combined with Kitchen, Open Concept
42 x 41.11ft
Kitchen
Laminate, Combined with Dining, Stainless Steel Appliances
42 x 41.11ft
Buyer's Market
Balanced
Seller's Market
Similar Listings
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9/10
Walkability
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10/10
Transit
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7/10
Bikeability
The bike lane starts to feel like a second home.
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
9,011
Average Individual Income
$64,908
Average Household Size
3 persons
Average Age
41
Average Household Income
$107,712
Dominant Housing Type
High Rise Apartment
Population By Age
Household Income
Housing Types & Tenancy
High Rise Apartment
44%
Detached
27%
Semi Detached
20%
Low Rise Apartment
4%
Duplex
3%
Marital Status
Commute
Languages (Primary Language)
Other
75%
Mandarin
12%
Cantonese
7%
Tagalog
2%
Telugu
1%
Spanish
1%
Hindi
1%
Urdu
1%
Education
University and Above
42%
High School
22%
College
15%
None
13%
Apprenticeship
2%
University Below Batchelor
2%
Major Field of Study
Business Management
28%
Architecture & Engineering
18%
Social Sciences
12%
Health & Related Fields
10%
Math & Computer Sciences
9%
Humanities
5%
Physical Sciences
4%
Education
4%
Personal, Protective & Transportation Services
3%
Visual & Performing Arts
2%
Building Trends At The Residences of 488 University Avenue
Days on Strata
Units at The Residences of 488 University Avenue spend an average of
30
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
4%
below
the list price.
Offer Competition
Condos in this building have a
LOWchance of receiving
Multiple Offers
compared to other buildings in Grange Park
Turnover of Units
On average, each unit is owned for
5.8
YEARS before being sold againProperty Value
-15%
Decrease in property value within the past twelve months
Price Ranking
2nd
Highest price per SQFT out of 18 condos in the Grange Park area
Sold Units
5
Units were Sold over the past twelve months
Rented Units
111
Units were Rented over the past twelve months
Best Value Rank
The Residences of 488 University Avenue offers the best value out of 18 condos in the Grange Park neighbourhood
?
Appreciation Rank
The Residences of 488 University Avenue has the highest ROI out of 18 condos in the Grange Park neighbourhood
?
Rental Yield
The Residences of 488 University Avenue yields the highest rent prices out of 18 condos in the Grange Park neighbourhood
?
High Demand
The Residences of 488 University Avenue is the most popular building out of 18 condos in the Grange Park neighbourhood
?
Market Insights
Transaction Insights at The Residences of 488 University Avenue
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | $625,000 | No Data | $929,000 - $978,000 | No Data | $1,418,988 | No Data |
| Avg. Cost Per Sqft | $1,118 | No Data | $1,323 | No Data | $1,286 | No Data |
| Price Range | $2,400 - $2,800 | $2,800 - $3,600 | $3,200 - $4,000 | $3,800 - $5,400 | $4,250 - $6,000 | $4,900 - $6,000 |
| Avg. Wait for Unit Availability | 369 Days | 82 Days | 68 Days | 83 Days | 156 Days | 172 Days |
| Avg. Wait for Unit Availability | 35 Days | 10 Days | 11 Days | 21 Days | 52 Days | 48 Days |
| Ratio of Units in Building | 8% | 34% | 28% | 18% | 8% | 8% |
Market Inventory
Total number of units listed and sold in Grange Park
