Skip to main
    for rent
    22 Days on Strata
    Est Lease Timeframe:
    28 Days

    2805 - 488 University Ave

    The Residences of 488 University Avenue4.8
    $3,600/mth
    2 Beds
    2 Bath
    0 Parking
    779 SQFT
    Strata is Hiring Realtors | Apply Now

    Price History

    Property Type:
    Condo
    Possession Date:
    Oct 30
    Lease Term:
    1 Year
    Utilities Included:
    No
    Furnished:
    No
    Outdoor Space:
    Balcony
    Laundry:
    Ensuite, Main
    Locker:
    None
    Exposure:
    East

    Amenities

    Concierge
    Gym
    Indoor Pool
    Rec Room
    Rooftop Deck

    About this Listing

    Discover 488 University Avenue, an Award-Winning Residence in Downtown Toronto with direct access to St. Patrick subway. Unobstructed East view. Bright Unit, 9' floor-to-ceiling windows, Higher-End Kitchen, Appliance, Hardwood floors, and a spacious Full size balcony with city views. Steps from U of T, OCAD, Hospitals, City Hall, Path, Financial District, and Eaton Centre, its the ultimate urban address. Enjoy Resort-style Amenities including Indoor Pools, full Fitness facilities, Spa, Lounges, 24Hr Concierge and Valet Service.

    benchmark signature realty inc.MLS® #C12493592

    Utilities & Inclusions

    Hydro
    Not Included
    Heat
    Not Included
    Air Conditioning
    Not Included
    Water
    Not Included
    Parking
    Not Included
    Building Maintenance
    Included
    Building Insurance
    Not Included
    Heating Type
    Forced Air
    Heat Source
    Gas
    Air Conditioning Type
    Central Air

    Dimensions

    Living
    0 x 0ft
    Laminate, Combined with Dining, Walkout To Balcony
    Dining
    0 x 0ft
    Laminate, Combined with Kitchen, Open Concept
    Kitchen
    0 x 0ft
    Laminate, Combined with Dining, Open Concept
    Primary
    0 x 0ft
    Laminate, Large Window, 3 Piece Ensuite
    2nd Bedroom
    0 x 0ft
    Laminate, Closet
    Renter's Market
    Balanced
    Landlord's Market

    Building Spotlight

    Similar Listings

    Explore Grange Park

    Map

    © OpenStreetMap
    map of location
    View My Travel Time
    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.

    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
    0 - 14
    13%
    15 - 19
    1%
    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+
    4%
    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
    59
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    6%
    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
    6.1
    YEARS before being sold again

    Property Value

    -14%
    Decrease in property value within the past twelve months

    Price Ranking

    3rd
    Highest price per SQFT out of 22 condos in the Grange Park area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    127
    Units were Rented over the past twelve months

    Best Value Rank

    The Residences of 488 University Avenue offers the
    ?
    best value out of 22 condos in the Grange Park neighbourhood

    Appreciation Rank

    The Residences of 488 University Avenue has the
    ?
    highest ROI out of 22 condos in the Grange Park neighbourhood

    Rental Yield

    The Residences of 488 University Avenue yields the
    ?
    highest rent prices out of 22 condos in the Grange Park neighbourhood

    High Demand

    The Residences of 488 University Avenue is the
    ?
    most popular building out of 22 condos in the Grange Park neighbourhood

    Market Insights

    Transaction Insights at The Residences of 488 University Avenue

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$2,300 - $2,550$2,800 - $3,400$2,800 - $4,000$4,000 - $5,000$4,250 - $7,700$4,600 - $5,000
    Avg. Wait for Unit Availability31 Days9 Days10 Days20 Days45 Days47 Days
    Ratio of Units in Building7%34%28%18%8%8%

    Market Inventory

    Total number of units listed and leased in Grange Park