488 University Avenue
Building Details
Listing History for The Residences of 488 University Avenue
Amenities
Maintenance Fees
About 488 University Avenue — The Residences of 488 University Avenue
Once the site of an office building, 480 University Avenue was repurposed to serve as the foundation for The Residences of 488 University Avenue. Rising to 55-storeys above a stunning glass podium, this building is certain to be a fixture of the Grange Park neighbourhood for decades to come.
This property provides residents with many modern amenities: outdoor pool, indoor pool, hot tub, spa, full fitness centre, Sky Club lounge, shared rooftop patio, visitor lounge, parking garage, and more.
Given its central location and wealth of amenities — Toronto condos for sale in this building are a great choice for students and faculty of Ryerson and U of T, young professionals, and couples who are seeking a new condo with convenient TTC service nearby and quick access to the best of what Toronto has to offer.
The Suites
Condos at 488 University Avenue are modern and stylish, ranging in size from 544 square feet for a 1 bedroom, to 1640 for the largest 3 bedroom suite; there are a variety of floor plan and exposures for 1 bedroom and 2 bedroom units, so residents have some selection when it comes to layout.
These downtown Toronto condos boast executive features: designer pre-engineered hardwood floors, 10 foot ceilings, floor to ceiling windows, European inspired custom cabinets, stainless steel appliances, high-end countertops and backsplashes, soaker tubs in the bathroom, and all units have a private terrace.
For those who love to entertain, there is an exclusive restaurant and bar on site, which is certain to impress your friends and family.
The Neighbourhood
The Grange Park neighbourhood is named after the park on Beverley and McCaul Street — a quaint green space with a playground, dog park, and plenty of tree-shrouded benches. This central location is near hospitals, universities, the Eaton Centre, and just a short subway ride from major attractions in the Entertainment District.
Caffeine addicts will have no trouble getting their fix in this area — The Residences of 488 University Avenue is next door to Avenue Cafe + Bistro, and if that isn’t enough, stroll along Dundas Street and you’ll encounter The Library Specialty Coffee, Crafted Bean Coffee, Java Joe's and many others.
With a condo at 488 University Avenue you’ll never be short on entertainment; you can walk to the Eaton Centre and shop the day way, enjoy a drink in a pub on Dundas like the Village Idiot Pub which is just minutes away. To the east there’s concert venues such as Massey Hall and the Phoenix Concert Theatre. And sports fans are only a short trip from Scotiabank Arena and the Rogers Centre.
If you’re too lazy to cook there’s Cafe Plenty around the corner — plus Gallery Sushi, Provo FoodBar, AGO Bistro, and so many more.
Transportation
488 University Avenue has a 99 Walk Score, perfect for residents who prefer to run errands without a vehicle or public transit. For those who do require TTC service, there are streetcars on Dundas, buses on University, and St Patrick Stations is 2 minutes away for subway lines.
Drivers can reach the Don Valley Parkway by travelling north on University, and then east on Bloor to the Danforth on ramp. For the Gardiner Expressway, head south on University to York Street for quick access.
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Price Cut: $50 (Nov 6)
Price Cut: $200 (Nov 18)
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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.
Price Trends
Maintenance Fees
Building Trends At The Residences of 488 University Avenue
Days on Strata
List vs Selling Price
Offer Competition
Turnover of Units
Property Value
Price Ranking
Sold Units
Rented Units
Best Value Rank
Appreciation Rank
Rental Yield
High Demand
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 - $3,600 | $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 | 50 Days |
Ratio of Units in Building | 8% | 34% | 28% | 18% | 8% | 8% |
Unit Sales vs Inventory
Total number of units listed and sold in Grange Park