Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
4511 - 488 University Ave
$799,9001 bd1 ba0 pk620 sqft
5 Days on Strata
$799,900
1 Bed + 1
1 Bath
0 Parking
620 SQFT
Listing History
Details
Property Type:
Condo
Maintenance Fees:
$533/mth
Taxes:
$3,455 (2024)
Cost Per Sqft:
$1,290/sqft
Outdoor Space:
Balcony
Locker:
None
Exposure:
South West
Possession Date:
30-60 days/TBA
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
"488 University!" The Most Prestigious Address In The Heart Of Downtown Financial District. Direct Access To St. Patrick Subway Station Through Ground floor lobby. Walk To Eaton Centre, U Of T, A.G.O., Fashion District & Entertainment District. Excellent One Bedroom plus Den Layout for approx. 620 SF. An open deep walk-out balcony accommodates full patio set for outdoor enjoyment. Den Is A Separate Room With Door, Can Be Used As 2nd Bdrm! 9' Smooth Ceiling, B/I Euro Kitchen Appliances, Engineered Hardwood Floor. Spa Like Luxury Bathroom Incl. Free Standing Tub, Separate Shower Stall W/ Body Spray, a built-in TV in the mirror! Carrara Marble Floor & Marble wall! 40,000 sf Skyclub is flooded with natural light, state of the art equipment, multi-purpose fitness studios, steam rooms & saunas as well as a 80 ft. lap pool and jacuzzi. A dream home for anyone to enjoy downtown luxury living style!
ExtrasAll existing kitchen appliances incl. Built-in Stainless steel fridge, cook top, wall oven, dishwasher & microwave; Stacked washer & dryer. All ELF's.
royal lepage terrequity ymsl realtyMLS® #C12076784
Fees & Utilities
Maintenance Fees
Included in Fees
Heat
Building Maintenance
Building Insurance
Not Included
Hydro
Air Conditioning
Water
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Heat Pump
Room Dimensions
Living
hardwood floor, Combined with Dining, Walkout To Balcony
16.8 x 10.4ft
Dining
hardwood floor, Combined with Living, Open Concept
16.8 x 10.4ft
Kitchen
hardwood floor, Built-in Appliances, Breakfast Bar
10.6 x 10.4ft
Primary
hardwood floor, Semi Ensuite, Walk-in Closet
10.01 x 10.01ft
Den
hardwood floor, Sliding Doors, Separate Room
10.01 x 5.18ft
Other
Concrete Floor, Balcony, Sw View
10.99 x 6ft
Buyer's Market
Balanced
Seller's Market
Similar Listings
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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 sold in Grange Park
