Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
3907 - 488 University Ave
$4,3502 bds2 ba1 pk900 - 999 sqft
4 Days on Strata
$4,350/mth
2 Beds + 1
2 Bath
1 Parking
900 - 999 SQFT
Listing History
Details
Property Type:
Condo
Possession Date:
Immediately
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
South East
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
Experience the pinnacle of urban living in this breathtaking split 2-bedroom + den corner suite with a coveted southeast exposure. Floor-to-ceiling windows flood the space with natural light, showcasing unobstructed panoramic views of the city skyline and lake. Refined finishes elevate this luxurious residence, featuring a sleek designer kitchen with custom cabinetry, quartz countertops, and premium built-in appliances. The primary suite boasts a walk-in closet, while the spa-like ensuite includes a standalone tub and a separate glass-enclosed shower. The suite also features an expansive 130 sqft. balcony showcasing stunning views of the city skyline. Situated directly above St. Patrick Station, this prime location offers effortless access to the TTC, allowing you to explore Toronto without the need for a car. Enjoy the convenience of walking to top destinations such as world-renowned hospitals, the Financial District, Eaton Centre, U of T, TMU, Yorkville, Queens Park, and City Hall. *24 Hr Concierge *Valet Parking.
ExtrasB/I Refrigerator, S/S B/I Oven, S/S B/I Microwave, S/S B/I Hood Range, Bar Fridge, Ensuite Clothes Stacked Washer & Dryer (White). All Electrical Light Fixtures. All Window Coverings.
re/max realtron realty inc.MLS® #C12079126
Fees & Utilities
Utilities Included
Rent Includes
Heat
Parking
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, Closet, Pot Lights
0 x 0ft
Kitchen
Combined with Dining, Windows Floor to Ceiling, Centre Island
14.5 x 12.89ft
Dining
Combined with Kitchen, Windows Floor to Ceiling, Walkout To Balcony
14.5 x 12.89ft
Living
Combined with Dining, Windows Floor to Ceiling, Se View
16.01 x 9.29ft
Primary
4 Piece Ensuite, Walk-in Closet, Windows Floor to Ceiling
10.01 x 10.01ft
2nd Bedroom
hardwood floor, Closet, Windows Floor to Ceiling
9.29 x 8.99ft
Den
hardwood floor, Sliding Doors
8.01 x 5.51ft
Renter's Market
Balanced
Landlord's Market
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9/10
Walkability
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10/10
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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
