Maintenance Fees
The Residences of 488 University Avenue vs The Grange Park Area
for rent
46 Days on Strata
- Est Lease Timeframe:
- 28 Days
5102 - 488 University Ave
$4,700/mth
2 Beds + 1
2 Bath
0 Parking
1,000 SQFT
Price History
- Property Type:
- Condo
- Possession Date:
- Dec 1
- Lease Term:
- 1 Year
- Utilities Included:
- No
- Furnished:
- No
- Outdoor Space:
- Balcony
- Laundry:
- Ensuite, Main
- Locker:
- None
- Exposure:
- North East
Amenities
Concierge
Gym
Indoor Pool
Party Room
Sauna
About this Listing
Welcome to Suite 5102 at 488 University Avenue, a rare corner residence in one of Toronto's most iconic towers. This meticulously upgraded 2+1 bed, 2 bath suite spans over 1,000 sq ft plus an oversized 8' deep balcony, with unobstructed 270 views of the city, lake, and Queens Park from the 51st floor. Sophisticated and smart, the home is equipped with Lutron dimmers (remote-ready), motorized roller shades, and custom lighting. Soaring 10 ft ceilings, floor-to-ceiling windows, and architectural concrete pillars elevate the ambiance. The kitchen features ToughSkin-protected quartzite countertops, state-of-the-art appliances, a warming drawer, dual-zone wine fridge, and built-in pantry. The primary bedroom boasts a fully built-out walk-in closet and an exquisite marble-clad ensuite with Kohler digital rain shower, body sprays, freestanding soaker tub, and an in-mirror TV with sound system. The second bedroom includes a custom Murphy bed/desk, while the den serves as a bright workspace or reading nook. Additional highlights include: Kohler fixtures, upgraded toilets, LED-lit mirrors, crown moulding, and premium trim. Enjoy valet parking, concierge, and world-class amenities: fitness centre, pool, rooftop terrace, lounge, and direct indoor access to St. Patrick Station. Steps to UHN hospitals, U of T, Financial & Entertainment Districts, Queen West, and more. A truly elevated lifestyle at one of Toronto's premier addresses.
ExtrasStainless Steel/Integrated Appliances ~ Fridge, Stove, Microwave, Dishwasher, Wine Fridge. Washer & Dryer. Heating Is Included.
pmt realty inc.MLS® #C12449547
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Included
- Air Conditioning
- Not Included
- Water
- Not Included
- Parking
- Not Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
Room dimensions are not available for this listing.
Renter's Market
Balanced
Landlord'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.
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 leased in Grange Park
