Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
5501 - 488 University Ave
$6,2003 bds3 ba1 pk1,400 - 1,599 sqft
97 Days on Strata
$6,200/mth
3 Beds
3 Bath
1 Parking
1,400 - 1,599 SQFT
Listing History
Details
Property Type:
Condo
Possession Date:
January 9, 2025
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Enclosed/Solarium
Furnished:
No
Exposure:
North East
Locker:
None
Laundry:
Ensuite
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
Award Winning "The Residences Of 488 University Avenue", by Amexon Puts You @ The Center Of All That Toronto Boasts & Close To Everywhere You Want To Be & Everything You Want To Do. World-Class Address. Direct Access To St. Patrick Subway. 5 Star Lifestyle Amenities. Fully Upgraded Penthouse Suite, Large 3bd/3bath corner unit W/Spectacular NE View. Soaring 10' Ceilings, Large Balcony with access from primary bedroom and living room. Marble Kitchen And Bathrooms. Blinds Included. 1 full service valet parking included (24/7), order vehicle in advance with residential app. Double sink in primary ensuite. Professionally Managed. Your clients will be very impressed! A Must See! One month rent free period based on a minimum 13 month term **EXTRAS** Luxurious Finishs. Built-In Wine Frdge & Wrmng Dr. High End Euro Built-In Appl's, Freestnding Tub W/ Sprate Shower, Kohler Spray Shwr W/ Dgtl Intrface. Integrtd Frdge & D/W. Wink Systm. Pot Lights In Kitchn. Spa Like Bathrooms etc...
ExtrasHeat and access to amenities included at the prestigious Sky Club
condos and castles realty inc.MLS® #C11915397
Fees & Utilities
Utilities Included
Rent Includes
Heat
Parking
Building Insurance
Not Included
Hydro
Air Conditioning
Water
Utility Type
Air Conditioning
Central Air
Heat Source
Electric
Heating
Fan Coil
Room Dimensions
Primary
4 Piece Ensuite, West View, Closet Organizers
0 x 0ft
Bathroom
6 Piece Ensuite, Marble Counter, Marble Floor
0 x 0ft
Living
Nw View, Open Concept, hardwood floor
0 x 0ft
Dining
Combined with Kitchen, Open Concept, Walkout To Balcony
0 x 0ft
Kitchen
Built-in Appliances, Centre Island, Pot Lights
0 x 0ft
Bathroom
2 Piece Bath, Soaker, Separate Shower
0 x 0ft
Other
Balcony, North View
0 x 0ft
Bathroom
2 Piece Bath
0 x 0ft
2nd Bedroom
6 Piece Ensuite, Marble Floor, Marble Counter
0 x 0ft
3rd Bedroom
6 Piece Ensuite, Marble Floor, Marble Counter
0 x 0ft
Renter's Market
Balanced
Landlord's Market
Similar Listings
Explore Grange Park
Commute Calculator
Loading...
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.
Mortgage Calculator
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
