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3408 - 488 University Avenue
For RentThe Residences of 488 University AvenueEst Lease Timeframe 18 Days
$3,800/mth
2 Beds
2 Bath
0 Parking
820 SQFT
47 Days on Strata
Listing History
Unit Highlights
Property Type:
Condo
Utilities Included:
No
Outdoor Space:
Terrace
Furnished:
No
Exposure:
South
Locker:
None
Possession Date:
May 1, 2024
Lease Term:
1 Year
Renter's Market
Balanced
Landlord's Market
Utilities Included
Rent Includes
Heat
Air Conditioning
Building Maintenance
Building Insurance
Excluded
Hydro
Water
Unit Details
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
- Ensuite Laundry
- No
Room Dimensions
Dining
Combined with Living, Breakfast Bar, Laminate
12.66 x 12.99ft
Kitchen
Built-in Appliances, Backsplash
12.66 x 12.99ft
Prim Bdrm
4 Piece Ensuite, Large Closet, Large Window
9.74 x 10.83ft
About this Listing
Iconic Address,Lovely 980 Sf*(820Sf Interior Plus 160 Sf Balcony)2 Bedrm/2 Bath Suite At The Residences Of 488 University Ave In The City's Epicentre.Walk To UFT, Ryerson,OCAD,Etc. Direct Access To St Patrick Subway from the Lobby, 5 Star Amenities At The Sky Club Fitness Plus Spa,Luxurious Finishes,Split Bedrooms,Digital Touch Rain Shower,Large Open Terrace,Lovely View Of The CN Tower And Lake
ExtrasAccess To St Patrick Subway From Lobby/Concierge/B/I Dishwasher, Stove, B/I S/Steel Oven, Microwave, Washer, Dryer & Blinds.
right at home realtyMLS® #C8143460
Amenities
Games Room
Rooftop Deck
Concierge
Indoor Pool
Squash Court
Bike Storage
Nearby Amenities
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
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%
Price Trends
Building Trends At The Residences of 488 University Avenue
Days on Strata
Units at The Residences of 488 University Avenue spend an average of
27
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
100%
of the list price.
Or in other words, the
Or in other words, the
entire list price
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
Turnover of Units
On average, each unit is owned for
5.6
YEARS before being sold againProperty Value
-4%
Decrease in property value within the past twelve months
Price Ranking
2nd
Highest price per SQFT out of 13 condos in the Grange Park area
Sold Units
13
Units were Sold over the past twelve months
Rented Units
106
Units were Rented over the past twelve months
Best Value Rank
The Residences of 488 University Avenue offers the best value out of 13 condos in the Grange Park neighbourhood
?
Appreciation Rank
The Residences of 488 University Avenue has the highest ROI out of 13 condos in the Grange Park neighbourhood
?
Rental Yield
The Residences of 488 University Avenue yields the highest rent prices out of 13 condos in the Grange Park neighbourhood
?
High Demand
The Residences of 488 University Avenue is the most popular building out of 13 condos in the Grange Park neighbourhood
?
Transaction Insights at 488 University Avenue
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | $960,000 | $840,000 - $945,000 | $925,888 - $1,088,000 | $1,350,000 - $1,570,000 | $1,445,000 | $1,475,000 - $1,500,000 |
| Avg. Cost Per Sqft | $1,284 | $1,400 | $1,408 | $1,364 | $1,367 | $1,355 |
| Price Range | $2,600 - $2,900 | $2,950 - $3,860 | $3,400 - $5,500 | $4,500 - $6,200 | $5,000 - $7,750 | $5,400 - $6,200 |
| Avg. Wait for Unit Availability | 258 Days | 80 Days | 66 Days | 90 Days | 110 Days | 164 Days |
| Avg. Wait for Unit Availability | 34 Days | 10 Days | 10 Days | 19 Days | 53 Days | 46 Days |
| Ratio of Units in Building | 8% | 34% | 27% | 18% | 7% | 8% |
Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
