Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
for sale
179 Days on Strata
3301 - 488 University Ave
$749,900
Price Cut: $100,000
2 Beds
2 Bath
0 Parking
700 SQFT
Price History
- Maintenance Fees:
- $616/mth
- Taxes:
- $3,798 (2024)
- Property Type:
- Condo
- Cost Per Sqft:
- $1,071/sqft
- Outdoor Space:
- Balcony
- Locker:
- None
- Possession Date:
- Aug 1
- Exposure:
- North
Amenities
Sauna
Party Room
Indoor Pool
Gym
Concierge
Rooftop Deck
Amenity details for reference only. Independently verify accuracy.
About this Listing
Live In The Luxurious & Exclusive Residences Of 488 University. This Stunning 2 Bed 2 Bath W/ Contemporary Finishes, High Flr W/ Unobstructed North View Offers A Spacious & Functional Layout W/ Just Under 700 SF + 115 SF Oversized Balcony, 9 Ft Ceilings W/ Pot Lights, Floor To Ceiling Windows. Top Of The Line Finishes W/ Spa Like Baths, Carrera Marble-Clad Master Bath W/ Standing Showers; Open Concept Designer Kitchen With Marble Countertops & High End Liebherr & AEG Appliances, Custom Soft-Closing Cabinetry, Engineered Hardwood Throughout. Prime Location W/ Direct Access To St-Patrick Subway Stn. Walk To Hospitals, Financial District, Eaton Centre, U Of T, OCAD, Ryerson, Yorkville, Queens Park, City Hall. Steps to Shopping, Cafes, Museums, Parks, Galleries, And So Much More!
ExtrasBuilt-In Fridge, AEG Cooktop Oven, S/S Dishwasher, Microwave, AEG Washer & Dryer, Pot Lights, Smart Home Control, Digital Shower System.
century 21 leading edge realty inc.MLS® #C12177602
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Included
- Air Conditioning
- Included
- Water
- Not Included
- Parking
- Not Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Electric
- Air Conditioning Type
- Central Air
Dimensions
- Bedroom
- 8.96 x 10.01ft
- 2nd Bedroom
- 8.99 x 9.81ft
- Kitchen
- 10.89 x 12.5ft
- Living
- 8.99 x 14.11ft
Buyer's Market
Balanced
Seller's Market
Building Spotlight
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Explore Grange Park
Map
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
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
LOWchance 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 againProperty 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 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | $625,000 | $670,000 - $738,888 | No Data | No Data | No Data | No Data |
| Avg. Cost Per Sqft | $1,140 | $1,188 | No Data | No Data | No Data | No Data |
| 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 Availability | 491 Days | 83 Days | 71 Days | 90 Days | 142 Days | 164 Days |
| Avg. Wait for Unit Availability | 31 Days | 9 Days | 10 Days | 20 Days | 45 Days | 47 Days |
| Ratio of Units in Building | 7% | 34% | 28% | 18% | 8% | 8% |
Market Inventory
Total number of units listed and sold in Grange Park
