Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
2709 - 488 University Ave
$2,4501 bd1 ba0 pk500 - 599 sqft
27 Days on Strata
$2,450/mth
1 Bed
1 Bath
0 Parking
500 - 599 SQFT
Listing History
Details
Property Type:
Condo
Possession Date:
May 8, 2025
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
South
Locker:
None
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
Luxurious 1 Bed Room Condo In Heart Of Downtown Toronto. Very Bright South Facing Unit.*9 FtCeiling* City/Lakes View* Engineer Laminated Floor Thru-Out. Large Kitchen With Quartz Island.Open Concept Layout. The Best Location Has Direct Subway Access To The St. Patrick Station.Steps To Queens Park, University Of Toronto, Financial District, Ryerson University, ArtGallery Of Ontario, Hospital, China Town, Eaton Centre.
ExtrasAmazing Amenities Include A Large Gym And Swimming Pool. B/I Appliances (Fridge, Stove, B/I Dishwasher, B/I Microwave), Blinds, Ensuite Washer-Dryer, All Elfs.
nu stream realty (toronto) inc.MLS® #C12030683
Fees & Utilities
Utilities Included
Rent Includes
Heat
Not Included
Hydro
Air Conditioning
Water
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Living
Combined with Dining, Laminate, Walkout To Balcony
7.19 x 12.5ft
Dining
Combined with Living, Open Concept, Combined with Kitchen
7.19 x 12.5ft
Kitchen
Combined with Dining, Breakfast Bar, Stainless Steel Appliances
8.99 x 12.5ft
Primary
Laminate, Sliding Doors, Large Closet
11.48 x 8.69ft
Other
Balcony, South View
13.48 x 7.97ft
Renter's Market
Balanced
Landlord's Market
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9/10
Walkability
Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
10/10
Transit
Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
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 leased in Grange Park
