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    Toronto / Downtown / Grange Park

    2507 - 488 University Ave

    For SaleThe Residences of 488 University Avenue
    $1,350,000
    2 Beds + 1
    2 Bath
    0 Parking
    900 - 999 SQFT
    2 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $848/mth
    Taxes:
    $5,286 (2024)
    Cost Per Sqft:
    $1,351 - $1,500/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    As Soon As Possible
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Building Insurance
    Excluded
    Hydro
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Hardwood Floor, Open Concept, Se View
    16.01 x 9.25ft
    Dining
    Hardwood Floor, Open Concept, Walkout To Balcony
    14.4 x 12.76ft
    Kitchen
    Hardwood Floor, Centre Island, Combined with Kitchen
    14.4 x 12.76ft

    About this Listing

    Luxurious Urban Retreat. Absolutely Stunning 2BR+Den corner suite, SE Exp. Enter and be captivated by the beautiful unobstructed views of the city,creating an inviting and spacious atmosphere bathed in natural light.Nestled right on St Patrick TTC station,you can leave your car behind.This prime University/Dundas location puts you at the epicenter of Toronto's vibrant lifestyle.Imagine walking to Hospitals,Financial District,Eaton Centre,U of T, TMU,Yorkville,Queens Park and Cityhall,all in minutes.Elegance in Every detail:This Condo offers 9' floor to ceiling Windows adorned with motorized Blinds,designer Kitchen,Lacquered Cabinets,Quartz Countertops,High End Built in Appliances from Leibherr & AEG. Primary BR has W/I closet. Ensuite features Soaking Tub Standing shower.130 sq ft balcony offers rare city and lake views.

    ExtrasAmenities beyond compare:Enjoy world class lifestyle that include chic rooftop Sky Lounge, Large Fitness Centre Yoga and Spin Cycle Rooms A Lap Pool,Hot Tub,Sauna,Steam Room and Spa Services. Every need is catered to with 24 Hrs Concierge.

    right at home realtyMLS® #C10407849

    Amenities

    Concierge
    Party Room
    Rooftop Deck
    Media Room
    Sauna
    Lap Pool

    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

    The Residences of 488 University Avenue vs The Grange Park Area

    Building Trends At The Residences of 488 University Avenue

    Days on Strata

    Units at The Residences of 488 University Avenue spend an average of
    39
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    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
    5.8
    YEARS before being sold again

    Property Value

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

    Price Ranking

    2nd
    Highest price per SQFT out of 16 condos in the Grange Park area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    104
    Units were Rented over the past twelve months

    Best Value Rank

    The Residences of 488 University Avenue offers the
    ?
    best value out of 16 condos in the Grange Park neighbourhood

    Appreciation Rank

    The Residences of 488 University Avenue has the
    ?
    highest ROI out of 16 condos in the Grange Park neighbourhood

    Rental Yield

    The Residences of 488 University Avenue yields the
    ?
    highest rent prices out of 16 condos in the Grange Park neighbourhood

    High Demand

    The Residences of 488 University Avenue is the
    ?
    most popular building out of 16 condos in the Grange Park neighbourhood

    Transaction Insights at 488 University Avenue

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo Data$840,000$929,000 - $978,000No Data$1,418,988$1,475,000
    Avg. Cost Per SqftNo Data$1,280$1,318No Data$1,282$1,346
    Avg. Wait for Unit Availability258 Days80 Days71 Days83 Days156 Days172 Days
    Ratio of Units in Building8%34%28%18%8%8%

    Transactions vs Inventory

    Total number of units listed and sold in Grange Park