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    4508 - 488 University Avenue

    For SaleThe Residences of 488 University Avenue
    $1,099,900
    2 Beds
    2 Bath
    0 Parking
    819 SQFT
    57 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Cost Per Sqft:
    $1,343/sqft
    Maintenance Fees:
    $667/mth
    Taxes:
    $4,138 (2023)
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    To Be Arranged
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Air Conditioning

    Unit Details

    Air Conditioning
    None
    Heat Source
    Gas
    Heating
    Forced Air
    Ensuite Laundry
    No

    Room Dimensions

    Living
    Laminate, Combined with Dining, Walkout To Balcony
    12.8 x 12.53ft
    Dining
    Laminate, Combined with Kitchen, Open Concept
    12.8 x 12.53ft
    Kitchen
    Laminate, Combined with Dining, Stainless Steel Appliances
    12.8 x 12.53ft

    About this Listing

    *Experience Luxury Living In This Stunning 2 Bedrooms & 2 Bathrooms*Featuring A Spacious Balcony & Clear Views Of The Water and City Scape*Equipped With Motorized Advanced Home Automation, And A Digital Shower System Property Includes Motorized Blinds*With 2 Additional Ones Available For Inclusion At No Extra Cost*Valet Parking From Property Management Available For Rent*All Potlights Can Be Changed Between 3000k/4000k/5000k Via A Switch*Sumptuous Finishes & Prime University/Dundas Locale Direct Access to St. Patrick Subway*Minutes Away from Excellent Dining, Eaton Centre, Theatres, Art Centers, And A Short Walk To Major Hospitals*Fantastic Amenities Include 24/7 Concierge, Gym, Pool, Whirlpool, Sauna, And Entertainment Facilities*

    Extras*S/S Appliance: Cooktop, Oven & Microwave, Built In Wine Fridge, Built-In Luxury Fridge & Dishwasher*Front Load Washer/Dryer*

    exp realtyMLS® #C8111544


    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%

    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
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property 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 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 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
    Avg. Wait for Unit Availability258 Days80 Days66 Days90 Days110 Days164 Days
    Ratio of Units in Building8%34%27%18%7%8%

    Maintenance Fees

    The Residences of 488 University Avenue vs The Grange Park Area

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