Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
3605 - 488 University Ave
$3,3802 bds2 ba0 pk700 - 799 sqft
40 Days on Strata
$3,380/mth
2 Beds
2 Bath
0 Parking
700 - 799 SQFT
Listing History
Details
Property Type:
Condo
Possession Date:
May 1, 2025
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
East
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
2 Bdrm/2 Baths. Heart Of Downtown.Direct Subway Access.Panoramic East City View.Short Walk To Eaton Ctr,Universities,Hospital & Entertainment Districts. World-Class Building Of Unparalleled Carefree Lifestyle With 5 Star Amenities:The Club: Two Full Floors Of Light-Filled Space Opening Onto An Outdoor Lounge/Terrace Area;Indoor Salt Water Pool;Techno Gym;Fitness & Spinning Studios;Yoga & Weights Rooms;Private Event & Dining Rooms;Media & Screening Rooms;Steam & Sauna .....
ExtrasLuxurious Finishes; High-End Kitchen W/Integrated Appliances; Marble, Porcelain & Wood Flooring Through out; Full-Width Balcony, Street Car At Doorstep, 24-Hour Concierge.
homelife culturelink realty inc.MLS® #C12009481
Fees & Utilities
Utilities Included
Rent Includes
Heat
Water
Building Insurance
Not Included
Hydro
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Fan Coil
Room Dimensions
Living
Wood Floor, Combined with Dining, Walkout To Balcony
10.99 x 10.66ft
Dining
Wood Floor, Combined with Living
10.83 x 8.04ft
Kitchen
Built-in Appliances, Centre Island, Open Concept
10.83 x 7.05ft
Primary
3 Piece Ensuite, Closet, East View
10.34 x 9.84ft
2nd Bedroom
Wood Floor, Closet
10.01 x 8.04ft
Other
Balcony
21.98 x 6.07ft
Renter's Market
Balanced
Landlord's Market
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9/10
Walkability
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10/10
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7/10
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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
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
