Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
5002 - 488 University Ave
$4,8003 bds2 ba0 pk1,200 sqft
47 Days on Strata
$4,800/mth
3 Beds
2 Bath
0 Parking
1,200 SQFT
Listing History
Details
Property Type:
Condo
Possession Date:
March 1, 2025
Lease Term:
Short Term
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
Yes
Exposure:
North East
Locker:
Ensuite
Laundry:
Main
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
This is Short Term Rental.... from Now to Aug 30 ... Downtown, Fully High End Furnished, Prime Location University/Dundas Subway. Luxury $$$ Spent In Upgrades. Approx.:1,200 Sq. Ft., 3 Bedrooms + 2 Baths + Extra Large Balcony. N/E Corner Unit. Beautiful View, 9' Floor To Ceiling Windows. Hardwood Floor Throughout. Steps To Hospitals, Dental School, U Of T, Ocad, Ryerson, China Town, City Hall, Financial District, Eaton Centre, College Park Shops, & Amazing Amenities. **EXTRAS** High End Appliances: Fridge, Stove, Wine Fridge, Dishwasher, Microwave/Oven, Washer/Dryer, All Elf's, All Window Blinds, Enjoy It! Tenant Pays Hydro & Water
ExtrasFridge , Stove, Dishwasher, Microwave. Wash & Dryer, all window covering ,.Central Air Conditioning, Common Elements, building insurance , Heat, all included.
re/max prime properties - unique groupMLS® #C11997076
Fees & Utilities
Utilities Included
Rent Includes
Heat
Building Maintenance
Building Insurance
Not Included
Hydro
Air Conditioning
Water
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Foyer
hardwood floor, 4 Piece Bath, Closet
10.83 x 5.91ft
Living
hardwood floor, Ne View
15.75 x 12.07ft
Dining
hardwood floor, Walkout To Balcony
15.26 x 12.07ft
Kitchen
Marble Counter, Open Concept, Breakfast Bar
15.26 x 12.07ft
Primary
Ensuite Bath, Walk-in Closet, East View
11.39 x 10.83ft
2nd Bedroom
hardwood floor, Closet, North View
9.12 x 8.86ft
3rd Bedroom
hardwood floor, Closet, Sliding Doors
8.86 x 8.89ft
Other
Concrete Floor, North View
24.61 x 7.87ft
Renter's Market
Balanced
Landlord's Market
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9/10
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10/10
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7/10
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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 leased in Grange Park
