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    The Residences of 488 University Avenue

    488 University Avenue

    4for Sale
    20for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    55
    Number of Units:
    453
    Condo Completion:
    2017
    Condo Demand:
    Medium
    Unit Size Range:
    544 - 1,699 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for The Residences of 488 University Avenue

    Amenities

    Media Room
    Lap Pool
    Bike Storage
    Games Room
    Rooftop Deck
    Sauna

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 488 University AvenueThe Residences of 488 University Avenue

    Once the site of an office building, 480 University Avenue was repurposed to serve as the foundation for The Residences of 488 University Avenue. Rising to 55-storeys above a stunning glass podium, this building is certain to be a fixture of the Grange Park neighbourhood for decades to come.

    This property provides residents with many modern amenities: outdoor pool, indoor pool, hot tub, spa, full fitness centre, Sky Club lounge, shared rooftop patio, visitor lounge, parking garage, and more.

    Given its central location and wealth of amenities — Toronto condos for sale in this building are a great choice for students and faculty of Ryerson and U of T, young professionals, and couples who are seeking a new condo with convenient TTC service nearby and quick access to the best of what Toronto has to offer.

    The Suites

    Condos at 488 University Avenue are modern and stylish, ranging in size from 544 square feet for a 1 bedroom, to 1640 for the largest 3 bedroom suite; there are a variety of floor plan and exposures for 1 bedroom and 2 bedroom units, so residents have some selection when it comes to layout.

    These downtown Toronto condos boast executive features: designer pre-engineered hardwood floors, 10 foot ceilings, floor to ceiling windows, European inspired custom cabinets, stainless steel appliances, high-end countertops and backsplashes, soaker tubs in the bathroom, and all units have a private terrace.

    For those who love to entertain, there is an exclusive restaurant and bar on site, which is certain to impress your friends and family.

    The Neighbourhood

    The Grange Park neighbourhood is named after the park on Beverley and McCaul Street — a quaint green space with a playground, dog park, and plenty of tree-shrouded benches. This central location is near hospitals, universities, the Eaton Centre, and just a short subway ride from major attractions in the Entertainment District.

    Caffeine addicts will have no trouble getting their fix in this area — The Residences of 488 University Avenue is next door to Avenue Cafe + Bistro, and if that isn’t enough, stroll along Dundas Street and you’ll encounter The Library Specialty Coffee, Crafted Bean Coffee, Java Joe's and many others.

    With a condo at 488 University Avenue you’ll never be short on entertainment; you can walk to the Eaton Centre and shop the day way, enjoy a drink in a pub on Dundas like the Village Idiot Pub which is just minutes away. To the east there’s concert venues such as Massey Hall and the Phoenix Concert Theatre. And sports fans are only a short trip from Scotiabank Arena and the Rogers Centre.

    If you’re too lazy to cook there’s Cafe Plenty around the corner — plus Gallery Sushi, Provo FoodBar, AGO Bistro, and so many more.

    Transportation

    488 University Avenue has a 99 Walk Score, perfect for residents who prefer to run errands without a vehicle or public transit. For those who do require TTC service, there are streetcars on Dundas, buses on University, and St Patrick Stations is 2 minutes away for subway lines.

    Drivers can reach the Don Valley Parkway by travelling north on University, and then east on Bloor to the Danforth on ramp. For the Gardiner Expressway, head south on University to York Street for quick access.

    4

    Listings For Sale

    Interested in receiving new listings for sale?

    20

    Listings For Rent

    Interested in receiving new listings for rent?

    488 University Ave, unit 2709 for rent - image #1
    $2,600/mth
    Price Cut: $100 (Apr 18)
    488 University AveGrange ParkUnit 2709
    1 Bed1 Bath500 - 599 SQFT0 Parking
    Available May 8, 202427 Days on Strata
    488 University Ave, unit #2609 for rent - image #1
    $2,700/mth
    488 University AveGrange ParkUnit #2609
    1 Bed1 Bath800 - 899 SQFT0 Parking
    Available Jun 1, 202419 Days on Strata
    488 University Ave, unit 3909 for rent - image #1
    $2,800/mth
    488 University AveGrange ParkUnit 3909
    1 Bed1 Bath500 - 599 SQFT0 Parking
    Available May 10, 20245 Days on Strata
    488 University Ave, unit 4109 for rent - image #1
    488 University AveGrange Park
    1 Bed1 Bath544 SQFT0 Parking
    Available Jun 1, 202426 Days on Strata
    488 University Ave, unit 4609 for rent - image #1
    488 University AveGrange Park
    1 Bed1 Bath544 SQFT0 Parking
    Available May 1, 20249 Days on Strata
    488 University Ave, unit 2106 for rent - image #1
    $3,100/mth
    Price Cut: $100 (Apr 18)
    488 University AveGrange ParkUnit 2106
    1 Bed + 11 Bath600 - 699 SQFT0 Parking
    Available Apr 1, 202427 Days on Strata
    488 University Ave, unit 3201 for rent - image #1
    488 University AveGrange Park
    2 Beds2 Baths700 - 799 SQFT0 Parking
    Available May 1, 202422 Days on Strata
    488 University Ave, unit 3805 for rent - image #1
    $3,500/mth
    488 University AveGrange ParkUnit 3805
    2 Beds2 Baths700 - 799 SQFT0 Parking
    Available Immediately/TBA4 Days on Strata
    488 University Ave, unit 4005 for rent - image #1
    $3,500/mth
    488 University AveGrange ParkUnit 4005
    2 Beds2 Baths700 - 799 SQFT0 Parking
    Available May 1, 20242 Days on Strata
    488 University Ave, unit 4203 for rent - image #1
    $3,600/mth
    488 University AveGrange ParkUnit 4203
    2 Beds2 Baths800 - 899 SQFT0 Parking
    Available May 8, 202421 Days on Strata
    488 University Ave, unit 4312 for rent - image #1
    $3,680/mth
    488 University AveGrange ParkUnit 4312
    1 Bed + 11 Bath700 - 799 SQFT0 Parking
    Available Immediately16 Days on Strata
    488 University Ave, unit 5203 for rent - image #1
    $3,800/mth
    488 University AveGrange ParkUnit 5203
    2 Beds2 Baths820 SQFT0 Parking
    Available May 1, 202423 Days on Strata
    488 University Ave, unit 2703 for rent - image #1
    $3,800/mth
    488 University AveGrange ParkUnit 2703
    2 Beds2 Baths760 SQFT0 Parking
    Available To Be Determined4 Days on Strata
    488 University Ave, unit 3408 for rent - image #1
    $3,800/mth
    488 University AveGrange ParkUnit 3408
    2 Beds2 Baths820 SQFT0 Parking
    Available May 1, 202437 Days on Strata
    488 University Ave, unit 3807 for rent - image #1
    488 University AveGrange Park
    2 Beds + 12 Baths986 SQFT1 Parking
    Available Immediately3 Days on Strata
    488 University Ave, unit 3707 for rent - image #1
    $4,700/mth
    Price Cut: $100 (Apr 19)
    488 University AveGrange ParkUnit 3707
    2 Beds + 12 Baths986 SQFT1 Parking
    Available Apr 1, 202426 Days on Strata
    488 University Ave, unit 2902 for rent - image #1
    $5,400/mth
    Price Cut: $100 (Apr 18)
    488 University AveGrange ParkUnit 2902
    3 Beds2 Baths1075 SQFT1 Parking
    Available Feb 15, 202473 Days on Strata
    488 University Ave, unit 4110 for rent - image #1
    $5,500/mth
    Price Cut: $100 (Apr 19)
    488 University AveGrange ParkUnit 4110
    2 Beds + 12 Baths1075 SQFT1 Parking
    Available Apr 1, 202443 Days on Strata
    488 University Ave, unit 5408 for rent - image #1
    488 University AveGrange Park
    2 Beds2 Baths900 - 999 SQFT1 Parking
    Available Apr 15, 202415 Days on Strata
    488 University Ave, unit 5216 for rent - image #1
    $5,795/mth
    488 University AveGrange ParkUnit 5216
    3 Beds + 12 Baths1000 SQFT1 Parking
    Available Jun 1, 20241 Day on Strata

    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

    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

    108
    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%8%8%

    Maintenance Fees

    The Residences of 488 University Avenue vs The Grange Park Area

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