Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
for sale
12 Days on Strata
2816 - 488 University Ave
$1,329,900
3 Beds + 1
2 Bath
1 Parking
1,042 SQFT
Price History
- Maintenance Fees:
- $1,169/mth
- Taxes:
- $6,690 (2025)
- Property Type:
- Condo
- Cost Per Sqft:
- $1,276/sqft
- Outdoor Space:
- Balcony
- Locker:
- None
- Possession Date:
- TBD
- Exposure:
- North West
Amenities
Concierge
Gym
Indoor Pool
Media Room
Party Room
About this Listing
Welcome to The Residences of 488 University Avenue - an iconic, award-winning luxury landmark by Amexon in the heart of downtown Toronto. This exceptionally upgraded executive suite offers a rare 3-Bedroom + Den layout, 2 full bathrooms, valet parking, and a generous northwest-facing balcony with stunning city views. Designed for the discerning homeowner, the suite features 9' floor-to-ceiling windows, wide-plank engineered wood flooring, premium finishes, and a thoughtfully designed open-concept floorplan ideal for both living and entertaining. Perfectly situated at University & Dundas, enjoy direct underground access to St. Patrick Subway Station, and walk to U of T, UHN hospitals, TMU, Financial District, Eaton Centre, Queen's Park, top-tier dining, shopping, and cultural destinations. Residents enjoy an unparalleled 5-star lifestyle with world-class amenities, concierge services, and premium wellness, fitness, and social facilities. Live at the intersection of prestige, convenience, and modern luxury - an exceptional opportunity for both end-users and investors.
ExtrasHigh-End Appliances (B/I fridge, Stove/Oven, B/I Microwave, Dishwasher, Washer, Dryer), 1 Valet Parking Spot. Custom Made Window Blinds.
re/max escarpment realty inc., brokerageMLS® #C12527772
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Not Included
- Air Conditioning
- Included
- Water
- Not Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Other
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 12.76 x 12.07ft
- hardwood floor, Large Window
- Dining
- 19.26 x 14.76ft
- hardwood floor, Combined with Kitchen, Walkout To Balcony
- Kitchen
- 19.26 x 14.76ft
- Centre Island, Built-in Appliances, Marble Counter
- Primary
- 10.99 x 9.84ft
- hardwood floor, Walk-in Closet, 5 Piece Ensuite
- 2nd Bedroom
- 9.68 x 8.99ft
- hardwood floor, Large Closet, Large Window
- 3rd Bedroom
- 8.53 x 10.99ft
- hardwood floor, Large Closet, Side Door
- Den
- 8.56 x 10.99ft
- hardwood floor, Sliding Doors, Separate Room
- Bathroom
- 0 x 0ft
- 5 Piece Ensuite
- Bathroom
- 0 x 0ft
- 4 Piece Bath
Buyer's Market
Balanced
Seller's Market
Building Spotlight
Similar Listings
Explore Grange Park
Map
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
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
59
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
6%
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
6.1
YEARS before being sold againProperty Value
-14%
Decrease in property value within the past twelve months
Price Ranking
3rd
Highest price per SQFT out of 22 condos in the Grange Park area
Sold Units
6
Units were Sold over the past twelve months
Rented Units
127
Units were Rented over the past twelve months
Best Value Rank
The Residences of 488 University Avenue offers the best value out of 22 condos in the Grange Park neighbourhood
?
Appreciation Rank
The Residences of 488 University Avenue has the highest ROI out of 22 condos in the Grange Park neighbourhood
?
Rental Yield
The Residences of 488 University Avenue yields the highest rent prices out of 22 condos in the Grange Park neighbourhood
?
High Demand
The Residences of 488 University Avenue is the most popular building out of 22 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 | $670,000 - $738,888 | No Data | No Data | No Data | No Data |
| Avg. Cost Per Sqft | $1,140 | $1,188 | No Data | No Data | No Data | No Data |
| Price Range | $2,300 - $2,550 | $2,800 - $3,400 | $2,800 - $4,000 | $4,000 - $5,000 | $4,250 - $7,700 | $4,600 - $5,000 |
| Avg. Wait for Unit Availability | 491 Days | 83 Days | 71 Days | 90 Days | 142 Days | 164 Days |
| Avg. Wait for Unit Availability | 31 Days | 9 Days | 10 Days | 20 Days | 45 Days | 47 Days |
| Ratio of Units in Building | 7% | 34% | 28% | 18% | 8% | 8% |
Market Inventory
Total number of units listed and sold in Grange Park
