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    Toronto / Downtown / Grange Park

    1509 - 426 University Ave

    For RentResidences at RCMI
    $2,300/mth
    Price Cut: $2,400
    1 Bed
    1 Bath
    0 Parking
    540 SQFT
    77 Days on Strata
    Est Lease Timeframe
    16 Days

    Listing History

    Unit Highlights

    Possession Date:
    November 1, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Juliet Balcony
    Furnished:
    No
    Exposure:
    East
    Locker:
    None
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Heat Pump

    Room Dimensions

    Living
    Combined with Dining, Laminate, Juliette Balcony
    15.98 x 8.79ft
    Dining
    Combined with Living, Laminate, Open Concept
    15.98 x 8.79ft
    Kitchen
    Stainless Steel Appliances, Granite Counter, Centre Island
    15.98 x 6.17ft

    About this Listing

    Welcome to The Residences at R.C.M.I. on University, a beautifully appointed 1-bedroom condo offering modern city living. This suite features a sleek kitchen with designer cabinetry, granite countertops, an undermount sink, and a spacious center island. Floor-to-ceiling windows provide stunning east-facing city views, while laminate flooring enhances the open-concept layout. Ideally located, this 540 sq ft unit is within walking distance to top attractions like the Eaton Centre, Yonge-Dundas Square, Queens Park, and the Financial District. You'll also be steps from major educational institutions, including the University of Toronto and Ryerson University, with St. Patrick Subway Station just 20 seconds away for easy access to the rest of the city. The unit includes modern appliances, a stacked washer/dryer, and access to premium amenities such as a 24-hour concierge, fitness center, and bike storage.Experience luxury and convenience at the heart of downtown Toronto.

    re/max hallmark realty ltd.MLS® #C9388485

    Amenities

    Rec Room
    Concierge
    Party Room
    Games Room
    Security System
    Gym Room

    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.

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    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

    Residences at RCMI vs The Grange Park Area

    Building Trends At Residences at RCMI

    Days on Strata

    Units at Residences at RCMI spend an average of
    31
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    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
    7.8
    YEARS before being sold again

    Property Value

    -14%
    Decrease in property value within the past twelve months

    Price Ranking

    6th
    Highest price per SQFT out of 16 condos in the Grange Park area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    78
    Units were Rented over the past twelve months

    Best Value Rank

    Residences at RCMI offers the
    ?
    best value out of 16 condos in the Grange Park neighbourhood

    Appreciation Rank

    Residences at RCMI has the
    ?
    highest ROI out of 16 condos in the Grange Park neighbourhood

    Rental Yield

    Residences at RCMI yields the
    ?
    highest rent prices out of 16 condos in the Grange Park neighbourhood

    High Demand

    Residences at RCMI is the
    ?
    most popular building out of 16 condos in the Grange Park neighbourhood

    Transaction Insights at 426 University Avenue

    1 Bed1 Bed + Den2 Bed
    Price Range$522,000 - $600,000$550,000 - $592,500$587,000
    Avg. Cost Per Sqft$1,099$881$882
    Avg. Wait for Unit Availability32 Days56 Days149 Days
    Ratio of Units in Building55%28%19%

    Transactions vs Inventory

    Total number of units listed and leased in Grange Park