Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
2701 - 488 University Ave N
$2,9501 bd2 ba0 pk800 - 899 sqft
25 Days on Strata
$2,950/mth
1 Bed + 1
2 Bath
0 Parking
800 - 899 SQFT
Listing History
Details
Property Type:
Condo
Possession Date:
To Be Determined
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
North
Locker:
None
Amenities
Outdoor Pool
Rooftop Deck
Squash Court
Games Room
Indoor Pool
Party Room
Gym
Bike Storage
Sauna
Lap Pool
Media Room
Concierge
About this Listing
Welcome To The Luxurious & Exclusive Residences Of 488 University Ave. This Incredible 2 Bed 2 Bath W/ Contemporary Finishes, High Flr W/ Unobstructed North View Offers A Spacious & Functional Good Rectangular Layout W/ Just Under 700 SF + 115 SF Oversized Balcony, 9 Ft Ceilings W/ Pot Lights, Floor To Ceiling Windows. Top Of The Line Finishes W/ Spa Like Baths, Carrera Marble-Clad Master Bath W/ Standing Showers; Open Concept Designer Kitchen With Marble Countertops & High End Liebherr & AEG Appliances, Custom Soft-Closing Cabinetry, Engineered Hardwood Throughout. Quiet Unit In A Prime Location Can Easily Walk To Hospitals, Financial District, Eaton Centre, U Of T, OCAD, TMU, Yorkville, Queens Park, City Hall. Steps to Shopping, Cafes, Museums, Parks, Galleries, And So Much More!
real broker ontario ltd.MLS® #C12043897
Fees & Utilities
Utilities Included
Rent Includes
Building Maintenance
Building Insurance
Not Included
Hydro
Heat
Air Conditioning
Water
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Dining
hardwood floor, Combined with Living, Pot Lights
14.01 x 8.66ft
Living
hardwood floor, Combined with Dining, Pot Lights
14.01 x 8.66ft
Kitchen
Modern Kitchen, Built-in Appliances, Marble Counter
10.6 x 12.01ft
Primary
Windows Floor to Ceiling, hardwood floor, Built-in Closet
9.32 x 8.99ft
Den
hardwood floor, Sliding Doors, Glass Doors
9.68 x 8.76ft
2nd Bedroom
Sliding Doors, hardwood floor, Sliding Doors
9.68 x 8.76ft
Renter's Market
Balanced
Landlord's Market
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9/10
Walkability
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10/10
Transit
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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
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%
Building Trends At The Residences of 488 University Avenue
Days on Strata
Units at The Residences of 488 University Avenue spend an average of
30
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
4%
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
-15%
Decrease in property value within the past twelve months
Price Ranking
2nd
Highest price per SQFT out of 18 condos in the Grange Park area
Sold Units
5
Units were Sold over the past twelve months
Rented Units
110
Units were Rented over the past twelve months
Best Value Rank
The Residences of 488 University Avenue offers the best value out of 18 condos in the Grange Park neighbourhood
?
Appreciation Rank
The Residences of 488 University Avenue has the highest ROI out of 18 condos in the Grange Park neighbourhood
?
Rental Yield
The Residences of 488 University Avenue yields the highest rent prices out of 18 condos in the Grange Park neighbourhood
?
High Demand
The Residences of 488 University Avenue is the most popular building out of 18 condos in the Grange Park neighbourhood
?
Market Insights
Transaction Insights at The Residences of 488 University Avenue
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|
| Price Range | $625,000 | No Data | $929,000 - $978,000 | No Data | $1,418,988 | No Data |
| Avg. Cost Per Sqft | $1,118 | No Data | $1,323 | No Data | $1,286 | No Data |
| Price Range | $2,400 - $2,800 | $2,800 - $3,600 | $3,200 - $4,000 | $3,800 - $5,400 | $4,250 - $6,000 | $4,900 - $6,000 |
| Avg. Wait for Unit Availability | 295 Days | 82 Days | 71 Days | 83 Days | 156 Days | 172 Days |
| Avg. Wait for Unit Availability | 34 Days | 10 Days | 11 Days | 21 Days | 52 Days | 48 Days |
| Ratio of Units in Building | 8% | 34% | 28% | 18% | 8% | 8% |
Market Inventory
Total number of units listed and leased in Grange Park
