2412 - 488 UNIVERSITY Ave W
1 / 9
For RentThe Residences of 488 University AvenueEst Lease Timeframe 17 Days
$2,870/mth
Price Cut: $2,920
1 Bed + 1
1 Bath
0 Parking
600 - 699 SQFT
16 Days on Strata
Listing History
Unit Highlights
Possession Date:
October 21, 2024
Lease Term:
1 Year
Property Type:
Condo
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
West
Locker:
None
Renter's Market
Balanced
Landlord's Market
Utilities Included
Rent Includes
Building Insurance
Excluded
Hydro
Heat
Air Conditioning
Water
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
Room Dimensions
Bedroom
Laminate, Large Window
10.83 x 9.84ft
Kitchen
Combined with Living, Built-in Appliances, Ceramic Back Splash
18.05 x 10.83ft
Den
Laminate, Pocket Doors
9.84 x 5.41ft
About this Listing
Bright And Spacious 1 Bed+ Den W/ huge Balcony For Awesome View!! . View of Lake Ontario from Bedroom and Living Room. Direct access to Subway. Absolutely 5-stars interior. Close to everything.
ExtrasFridge, Stove, Washer, Dryer, Dishwasher. Tenants Pays Utilities. No Pets, No Smoking, No Cannabis. Tennant and Tennant's agent to verify all dimensions.
jdl realty inc.MLS® #C9418913
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.
Similar Listings
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
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
LOWchance 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 againProperty 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 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | No Data | $840,000 | $929,000 - $978,000 | No Data | $1,418,988 | $1,475,000 |
| Avg. Cost Per Sqft | No Data | $1,280 | $1,318 | No Data | $1,282 | $1,346 |
| Price Range | $2,500 - $2,800 | $2,900 - $3,860 | $3,350 - $5,600 | $3,700 - $5,850 | $4,500 - $7,750 | $4,900 - $6,000 |
| Avg. Wait for Unit Availability | 258 Days | 80 Days | 71 Days | 83 Days | 156 Days | 172 Days |
| Avg. Wait for Unit Availability | 31 Days | 9 Days | 10 Days | 20 Days | 47 Days | 51 Days |
| Ratio of Units in Building | 8% | 34% | 28% | 18% | 8% | 8% |
Transactions vs Inventory
Total number of units listed and leased in Grange Park
