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    for sale
    109 Days on Strata

    3711 - 488 University Ave

    The Residences of 488 University Avenue4.8
    $798,000
    1 Bed + 1
    1 Bath
    0 Parking
    631 SQFT
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    Price History

    Maintenance Fees:
    $533/mth
    Taxes:
    $3,455 (2024)
    Property Type:
    Condo
    Cost Per Sqft:
    $1,265/sqft
    Outdoor Space:
    Balcony
    Locker:
    None
    Possession Date:
    Oct 30
    Exposure:
    South West

    Amenities

    Concierge
    Gym
    Indoor Pool
    Party Room

    About this Listing

    Welcome to 488 University, a World-Class Address High Above the Toronto Skyline, a True Blend of Luxury, Sophistication and Beautiful Living Spaces! Rarely Available, Absolutely Stunning 1 Bedroom Plus 1 Den at the Residences of 488 University, Located In a Highly Coveted Area of Toronto! Thousands Spent on Luxurious Upgrades, Bright Living Spaces, High-end Appliances Including B/I Fridge, Sleek European-Inspired Cabinetry, 9' Ceilings and Luxurious Spa-Like Bath. A Large Den That Can Be Used as a 2nd Bedroom or Study. Breathtaking Views from the Unit and from a Balcony that Extends the Living Space Outdoors. Amazing Downtown Living Steps to Every Convenience. A Must See!

    ExtrasFridge, D/W, Stove, Cook Top, Hood Fan, Stacked W/D.

    century 21 new conceptMLS® #C12325053

    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
    Gas
    Air Conditioning Type
    Central Air

    Dimensions

    Room dimensions are not available for this listing.

    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

    Similar Listings

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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
    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$625,000$670,000 - $738,888No DataNo DataNo DataNo Data
    Avg. Cost Per Sqft$1,140$1,188No DataNo DataNo DataNo Data
    Avg. Wait for Unit Availability491 Days83 Days71 Days90 Days142 Days164 Days
    Ratio of Units in Building7%34%28%18%8%8%

    Market Inventory

    Total number of units listed and sold in Grange Park