Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
3408 - 488 University Ave
$3,5002 bds2 ba0 pk820 sqft
9 Days on Strata
$3,500/mth
2 Beds
2 Bath
0 Parking
820 SQFT
Listing History
Details
Property Type:
Condo
Possession Date:
June 1, 2025
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Terrace
Furnished:
No
Exposure:
South West
Locker:
None
Amenities
Games Room
Outdoor Pool
Party Room
Bike Storage
Media Room
Indoor Pool
Rooftop Deck
Lap Pool
Squash Court
Gym
Concierge
Sauna
About this Listing
Located at the iconic corner of University & Dundas, this lovely and spacious 980 Sq Ft suite (820 interior + 160 balcony) features a split 2 bed/2 bath layout with breathtaking, unobstructed views of the CN Tower and Lake Ontario. Soaring 9-ft ceilings, a chefs kitchen with quartz countertops and built-in high-end appliances create a stylish and functional space. The primary bedroom includes a 4-piece ensuite with a soaker tub and a custom built-in closet. A convenient second 3 piece bath completes the layout.The second bedroom is ideal for professionals, students or small families. Enjoy an oversized balcony for outdoor living in the heart of the city.Direct access to St. Patrick Subway Station from the lobby puts TTC right at your doorstep. Walk to U of T, TMU (Ryerson), OCAD, major hospitals, Eaton Centre, Chinatown, top restaurants and shops..Live in style and convenience at one of Torontos most prestigious addresses 488 University Avenue.100 Walking Score!
ExtrasBrand new Washer and Dryer, Access to the Luxurious SkyClub amenities: Full fitness centre, spa, digital touch rain showers, terrace, pool and more.
right at home realtyMLS® #C12073490
Fees & Utilities
Utilities Included
Rent Includes
Building Maintenance
Building Insurance
Not Included
Hydro
Heat
Air Conditioning
Water
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Living
hardwood floor, Walkout To Balcony, Sw View
9.78 x 11.19ft
Dining
Combined with Kitchen, hardwood floor, Open Concept
11.68 x 15.98ft
Kitchen
Built-in Appliances, Centre Island, hardwood floor
11.68 x 15.98ft
Primary
4 Piece Ensuite, Closet Organizers, hardwood floor
8.79 x 10.6ft
2nd Bedroom
hardwood floor, Closet, Glass Doors
8.01 x 9.61ft
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
110
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 | 295 Days | 82 Days | 71 Days | 83 Days | 156 Days | 172 Days |
| Avg. Wait for Unit Availability | 34 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
