2507 - 488 University Ave N

1 / 37

For RentThe Residences of 488 University Avenue

$4,500/mth

2 Beds + 1

2 Bath

0 Parking

900 - 999 SQFT

3 Days on Strata

Est Lease Timeframe

17 Days

Listing History

Unit Highlights

Possession Date:

As Soon As Possible

Lease Term:

1 Year

Property Type:

Condo

Utilities Included:

Outdoor Space:

Balcony

Furnished:

Yes

Exposure:

South East

Locker:

None

Laundry:

Ensuite

Renter's Market

Balanced

Landlord's Market

Utilities Included

Rent Includes

Heat

Air Conditioning

Building Maintenance

Building Insurance

Excluded

Hydro

Water

Utility Type

Air Conditioning: Central Air
Heat Source: Gas
Heating: Forced Air

Room Dimensions

Living

Hardwood Floor, Open Concept, Se View

16.01 x 9.25ft

Dining

Hardwood Floor, Open Concept, Walkout To Balcony

14.4 x 12.76ft

Kitchen

Hardwood Floor, Centre Island, Combined with Kitchen

14.4 x 12.76ft

About this Listing

Luxurious Urban Retreat. Absolutely Stunning 2BR+Den corner suite, SE Exp. Enter and be captivated by the beautiful unobstructed views of the city,creating an inviting and spacious atmosphere bathed in natural light.Nestled right on St Patrick TTC station,you can leave your car behind.This prime University/Dundas location puts you at the epicenter of Toronto's vibrant lifestyle.Imagine walking to Hospitals,Financial District,Eaton Centre,U of T, TMU,Yorkville,Queens Park and Cityhall,all in minutes.Elegance in Every detail:This Condo offers 9' floor to ceiling Windows adorned with motorized Blinds,designer Kitchen,Lacquered Cabinets,Quartz Countertops,High End Built in Appliances from Leibherr & AEG. Primary BR has W/I closet. Ensuite features Soaking Tub Standing shower.130 sq ft balcony offers rare city and lake views. The Apartment is furnished elegant and modern.

ExtrasAmenities beyond compare:Enjoy world class lifestyle that include chic rooftop Sky Lounge,Ext large Fitness Cen,Yoga and Spin Cycle Rm,a Lap Pool,Hot Tub,Sauna,Steam Room and Spa Services.Your every need is catered to with 24 Hrs Concierge.

right at home realtyMLS® #C10405765

Amenities

Indoor Pool

Outdoor Pool

Squash Court

Rooftop Deck

Games Room

Concierge

Explore Neighbourhood

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.

Similar Listings

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

Average Household Income

$107,712

Dominant Housing Type

High Rise Apartment

Population By Age

0 - 14

13%

15 - 19

20 - 34

30%

35 - 49

20%

50 - 64

18%

65+

15%

Household Income

$0 - $30,000

44%

$30,000+

25%

$60,000+

15%

$90,000+

10%

$125,000+

Housing Types & Tenancy

High Rise Apartment

44%

Detached

27%

Semi Detached

20%

Low Rise Apartment

Duplex

Marital Status

Commute

Languages (Primary Language)

Other

75%

Mandarin

12%

Cantonese

Tagalog

Telugu

Spanish

Hindi

Urdu

Education

University and Above

42%

High School

22%

College

15%

None

13%

Apprenticeship

University Below Batchelor

Major Field of Study

Business Management

28%

Architecture & Engineering

18%

Social Sciences

12%

Health & Related Fields

10%

Math & Computer Sciences

Humanities

Physical Sciences

Education

Personal, Protective & Transportation Services

Visual & Performing Arts

Price Trends

Maintenance Fees

The Residences of 488 University Avenue vs The Grange Park Area

Building Trends At The Residences of 488 University Avenue

Days on Strata

Units at The Residences of 488 University Avenue spend an average of

Days on Strata

based on recent sales

List vs Selling Price

On average, these condos sell for

below

the list price.

Offer Competition

Condos in this building have a

LOW

chance 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 again

Property Value

-14%

Decrease in property value within the past twelve months

Price Ranking

2nd

Highest price per SQFT out of 16 condos in the Grange Park area

Sold Units

Units were Sold over the past twelve months

Rented Units

104

Units were Rented over the past twelve months

Best Value Rank

The Residences of 488 University Avenue offers the

best value out of 16 condos in the Grange Park neighbourhood

Appreciation Rank

The Residences of 488 University Avenue has the

highest ROI out of 16 condos in the Grange Park neighbourhood

Rental Yield

The Residences of 488 University Avenue yields the

highest rent prices out of 16 condos in the Grange Park neighbourhood

High Demand

The Residences of 488 University Avenue is the

most popular building out of 16 condos in the Grange Park neighbourhood

Transaction Insights at 488 University Avenue

	1 Bed	1 Bed + Den	2 Bed	2 Bed + Den	3 Bed	3 Bed + Den
Price Range	No Data	$840,000	$929,000 - $978,000	No Data	$1,418,988	$1,475,000
Avg. Cost Per Sqft	No Data	$1,280	$1,318	No Data	$1,282	$1,346
Price Range	$2,500 - $2,800	$2,900 - $3,860	$3,350 - $5,600	$3,700 - $5,850	$4,500 - $7,750	$4,900 - $6,000
Avg. Wait for Unit Availability	258 Days	80 Days	71 Days	83 Days	156 Days	172 Days
Avg. Wait for Unit Availability	31 Days	9 Days	10 Days	20 Days	47 Days	51 Days
Ratio of Units in Building	8%	34%	28%	18%	8%	8%

Transactions vs Inventory

Total number of units listed and leased in Grange Park