Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
for sale
291 Days on Strata
5202 - 488 University Ave
$1,495,000
3 Beds
2 Bath
1 Parking
1,222 SQFT
Price History
- Maintenance Fees:
- $823/mth
- Taxes:
- $5,184 (2024)
- Property Type:
- Condo
- Cost Per Sqft:
- $1,223/sqft
- Outdoor Space:
- Balcony
- Locker:
- None
- Possession Date:
- Now
- Exposure:
- North East
Amenities
Bike Storage
Concierge
Gym
Indoor Pool
Media Room
Party Room
About this Listing
*****Attention Investor watch here***** : Great collect rent $$$5350/ month Opportunity , owned this 3 beds +2 full baths+ huge balconies + 1 parking , high floor with fantastic views. Prime University/ Dundas! World-Class Award-Winning Landmark Building, Direct Access To Subway. Luxury $$$ Spent High End Upgrade. Executive Suite, 1042Sqft Interior And 180Sqft Balcony With A Total Of 1222Sqft Of Living Space. 3 Beds +2Baths +1 Valet Parking+ Balcony! Fantastic Views, 9' Floor To Ceiling Windows. Wood Floor Throughout. Steps To U of T. Uhn Hospitals, Ryerson U (Toronto Metropolitan U), Financial District, Eaton Center, Queens Park, College Park Shops. World Class 6 stars Building Amenities Include: Top Of The Line Valet Parking, 24hrs concierge, Fitness Centre With Spa, indoor pool, Party Room, Sky Bar & More! **EXTRAS** Purchase Price Included: 1 Valet Parking Right, all existing Appliances, Upgrade Mirror Tv In Master Bath, Freestand Bath Tub, All Elfs' and all customer made Blinds. ***** Great Peace of mind investment opportunity:collect rent since day 1 owns it,no miss any income $$$ of any single day ! *****
Extras**EXTRAS** Purchase Price Included: 1 Valet Parking Right, all existing Appliances, Upgrade Mirror Tv In Master Bath, Freestand Bath Tub, All Elfs' and all customer made Blinds. ***** Great Peace of mind investment opportunity:collect rent at $5350/ month since day 1 owns it, no miss any income $$$ of any single day ! *****
re/max west vicky hsu group realtyMLS® #C11954339
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Not Included
- Air Conditioning
- Included
- Water
- Not Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 16.01 x 12.3ft
- Open Concept, hardwood floor, Ne View
- Dining
- 15.58 x 12.3ft
- Combined with Kitchen, hardwood floor, Walkout To Balcony
- Kitchen
- 15.58 x 12.3ft
- Centre Island, Built-in Appliances, Modern Kitchen
- Primary
- 11.68 x 10.01ft
- 5 Piece Ensuite, Walk-in Closet, Windows Floor to Ceiling
- 2nd Bedroom
- 9.29 x 8.99ft
- Windows Floor to Ceiling, Closet, hardwood floor
- 3rd Bedroom
- 9.09 x 8.99ft
- Closet, hardwood floor, Sliding Doors
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
