488 University Ave, unit 5115 for rent in Grange Park - image #1
488 University AveUnit 5115
Walkability
10/10
Transit
10/10
Bikeability
7/10
© OpenStreetMap
map of location
List Price
$3,000
Leased for
$4/SQFT
Total Days on Market
45
Maintenance
$0/mth
Taxes
$0
Property Type
Condo
CONDO Demand
Average
Unit Availability
Above Average
Locker
No
Parking
No
Outdoor Space
Open
Exposure
West
Off Market Listing
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488 University Ave | Unit #5115 at The Residences of 488 University Avenue

Buyer's Market
Balanced
Seller's Market

Property Highlights

Unit Details
Air ConditioningCentral AirHeatingForced AirHeat SourceElectric
Ensuite LaundryNoAge2017

Listing History for Unit 5115

Off Market Listing
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Travel Times

Stats, Trends & Rankings

Price: 
Per Square Foot 
Average
The Residences of 488 University Avenue vs The Grange Park Area

$148.00
Less Expensive
per SQFT compared to the neighbourhood average
The Residences of 488 University Avenue's Avg
price per SQFT
$991 / SQFT
Neighbourhood Avg
price per SQFT
$1,139 / SQFT

Building Trends At The Residences of 488 University Avenue

Days on Market

Units at The Residences of 488 University Avenue spend an average of
19
Days on Market
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
5.2
YEARS before being sold again

Property Value

6%
Increase in property value within the past twelve months

Price Ranking

3rd
Highest price per SQFT out of 13 condos in the Grange Park area

Sold Units

20
Units were Sold over the past twelve months

Rented Units

97
Units were Rented over the past twelve months

Best Value

The Residences of 488 University Avenue offers the
?
best value out of 13 condos in the Grange Park neighbourhood

Return on Investment

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

Sales vs Rental Values For This Condo

1 Bed544 - 649 SQFT
Average Cost Per Sqft$1,562
Sales Price Range$835,000 - $835,000
Rental Price Range$2,150 - $2,400
1 Bed + Den617 - 800 SQFT
Average Cost Per Sqft$1,412
Sales Price Range$886,900 - $968,000
Rental Price Range$2,600 - $3,800
2 Bed649 - 949 SQFT
Average Cost Per Sqft$1,333
Sales Price Range$1,072,000 - $1,212,000
Rental Price Range$2,700 - $5,000
2 Bed + Den949 - 1117 SQFT
Average Cost Per Sqft$1,372
Sales Price Range$1,388,000 - $1,525,000
Rental Price Range$3,800 - $6,580
3 Bed1000 - 1620 SQFT
Average Cost Per Sqft$1,604
Sales Price Range$1,530,000 - $2,700,000
Rental Price Range$4,800 - $6,800
3 Bed + Den1042 - 1699 SQFT
Average Cost Per Sqft$1,348
Sales Price Range$1,490,000 - $1,490,000
Rental Price Range$4,500 - $7,000

How Often Are Units Listed?

1 Bed544 - 685 SQFT
Average Sales Availability
Every197Days
Average Rental Availability
Every27Days
Ratio of Unit Type in Building8%
1 Bed + Den574 - 804 SQFT
Average Sales Availability
Every70Days
Average Rental Availability
Every8Days
Ratio of Unit Type in Building35%
2 Bed649 - 949 SQFT
Average Sales Availability
Every53Days
Average Rental Availability
Every10Days
Ratio of Unit Type in Building27%
2 Bed + Den948 - 1117 SQFT
Average Sales Availability
Every92Days
Average Rental Availability
Every17Days
Ratio of Unit Type in Building18%
3 Bed1000 - 1620 SQFT
Average Sales Availability
Every120Days
Average Rental Availability
Every47Days
Ratio of Unit Type in Building7%
3 Bed + Den1000 - 1699 SQFT
Average Sales Availability
Every153Days
Average Rental Availability
Every48Days
Ratio of Unit Type in Building8%

Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area

$0.14
Less Expensive
per SQFT compared to the neighbourhood average
The Residences of 488 University Avenue's Avg
monthly maintenance
fee per SQFT
$0.70 / SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.84 / SQFT

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