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    Toronto / Downtown / Grange Park

    4416 - 488 University Ave

    For RentThe Residences of 488 University Avenue
    $5,500/mth
    Price Cut: $5,502
    3 Beds + 1
    2 Bath
    1 Parking
    1,000 - 1,199 SQFT
    9 Days on Strata
    Est Lease Timeframe
    17 Days

    Listing History

    Unit Highlights

    Possession Date:
    February 1, 2025
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    West
    Locker:
    None
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Air Conditioning
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Heat Pump

    Room Dimensions

    Living
    Open Concept, Large Window, Hardwood Floor
    12.76 x 12.07ft
    Dining
    Open Concept, Combined with Kitchen, Hardwood Floor
    19.26 x 14.76ft
    Kitchen
    Built-in Appliances, Stainless Steel Appliances, Open Concept
    19.26 x 14.76ft

    About this Listing

    "488 University" World Class Building, Luxury Landmark Condo In North America! Direct Access, Entertainment Districts, U Of Toronto, Ryerson University, College Park Shops, Eaton Centre, Unobstructed View Of Downtown & Lakeshore. 3To Subway, 3 Bedroom + Den. Den can be used as 4th Bedroom. Hardwood Flooring Throughout, Modern Kitchen W/Built-In S/S Appliances. Steps To Financial And Entertainment Districts, U Of Toronto, Ryerson University, College Park Shops, Eaton Centre And Major Hospitals. At Ground Level!!! 100% Walking Score. High Ceiling, Bright, Floor-To-Ceiling windows, World Class Amenities.

    Extras24 Hour Concierge & Security. Built-In AEG Fridge & Dishwasher, Cooktop, S/S Oven & Microwave, Front Load Washer/Dryer, Window Blinds.

    marquis real estate corporationMLS® #C11919535

    Amenities

    Sauna
    Gym Room
    Squash Court
    Bike Storage
    Media Room
    Lap Pool

    Explore Neighbourhood

    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.

    Similar Listings

    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%

    Price Trends

    Maintenance Fees

    The Residences of 488 University Avenue vs The Grange Park Area

    Building Trends At The Residences of 488 University Avenue

    Days on Strata

    Units at The Residences of 488 University Avenue spend an average of
    39
    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
    5.8
    YEARS before being sold again

    Property Value

    -14%
    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

    6
    Units were Sold over the past twelve months

    Rented Units

    104
    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

    Transaction Insights at 488 University Avenue

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo Data$840,000$929,000 - $978,000No Data$1,418,988$1,475,000
    Avg. Cost Per SqftNo Data$1,280$1,323No Data$1,286$1,346
    Avg. Wait for Unit Availability194 Days82 Days74 Days83 Days156 Days164 Days
    Ratio of Units in Building8%34%27%18%8%8%

    Transactions vs Inventory

    Total number of units listed and leased in Grange Park