5+ Days Ago
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3412-488 University Ave #1, Toronto, ON M5G 0C1, CAN|Grange Park
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About 488 Residences Of 488 #1
3412 - 488 University Ave, Toronto $3100.00 + hydro and water No parking No locker Welcome to this exquisite 1+Den luxury condo, perfectly situated in the heart of downtown Toronto. This bright and spacious unit offers the perfect blend of style and convenience, featuring floor-to-ceiling windows with custom blinds, flooding the space with natural light and showcasing breathtaking views of the city skyline, including the iconic CN Tower. The versatile den can easily function as a second bedroom or home office, providing extra space for your needs. The modern open-concept kitchen is equipped with high-end built-in appliances, quartz countertops, and custom soft-closing cabinetry, making it perfect for cooking and entertaining. The large bathroom is a retreat in itself, featuring a spacious shower with rainfall showerhead and side jets, along with luxurious finishes. Step out onto the approximately 100 square foot balcony to relax and take in the panoramic views. It's the perfect spot to enjoy your morning coffee or unwind after a long day. Located at the exclusive Residences of 488 University Avenue, this condo offers direct access to St. Patrick Subway Station, making it easy to explore the city. Just steps away, you'll find the Eaton Centre, University of Toronto, Toronto Metropolitan University, top hospitals, and some of the best dining and entertainment that the city has to offer. Residents enjoy premium amenities, including a Sky-Lobby with panoramic views, an outdoor lounge, a saltwater pool, state-of-the-art fitness center, yoga and spinning studios, a private event and dining room, spa services, steam rooms, and more. Tenants are responsible for paying hydro and water. Experience luxury living at its finest in one of Toronto's most coveted addresses. Contact us today to schedule a viewing and make this spectacular unit your new home!
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 488 Residences Of 488, Toronto, ON M5G 0C1, CAN compares to other nearby properties.
Positives
- Images available
- There are at least 10 photos of this address
Considerations
- No central heat
- Fewer climate control options
- No elevator
- Accessibility options are limited
- No in-unit dishwasher
- Dishwashers aren't available
Address details
| Neighborhood | Grange Park |
|---|---|
| Post code | M5G 0C1 |
| Type | Condo for rent |
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Rent trends in Grange Park
1-bedroom apartments at 488 Residences Of 488 #1 cost about 48% more than the average rent price for 1-bedroom apartments in Toronto.
Median rents as of May 30 2026.
Grange Park
Toronto
| Month | Median Rent |
|---|---|
| June 2024 | $2,399 |
| July 2024 | $2,386 |
| August 2024 | $2,384 |
| September 2024 | $2,366 |
| October 2024 | $2,347 |
| November 2024 | $2,312 |
| December 2024 | $2,300 |
| January 2025 | $2,300 |
| February 2025 | $2,303 |
| March 2025 | $2,300 |
| April 2025 | $2,281 |
| May 2025 | $2,257 |
| June 2025 | $2,242 |
| July 2025 | $2,222 |
| August 2025 | $2,200 |
| September 2025 | $2,193 |
| October 2025 | $2,171 |
| November 2025 | $2,150 |
| December 2025 | $2,150 |
| January 2026 | $2,149 |
| February 2026 | $2,129 |
| March 2026 | $2,102 |
| April 2026 | $2,100 |
| May 2026 | $2,099 |
| Month | Median Rent |
|---|---|
| June 2024 | $2,400 |
| July 2024 | $2,353 |
| August 2024 | $2,300 |
| September 2024 | $2,287 |
| October 2024 | $2,325 |
| November 2024 | $2,285 |
| December 2024 | $2,237 |
| January 2025 | $2,075 |
| February 2025 | $2,065 |
| March 2025 | $2,210 |
| April 2025 | $2,173 |
| May 2025 | $2,158 |
| June 2025 | $2,166 |
| July 2025 | $2,167 |
| August 2025 | $2,059 |
| September 2025 | $2,209 |
| October 2025 | $2,257 |
| November 2025 | $2,220 |
| December 2025 | $2,255 |
| January 2026 | $2,196 |
| February 2026 | $2,141 |
| March 2026 | $2,186 |
| April 2026 | $2,229 |
| May 2026 | $2,197 |
Affordability calculator
Can I afford to live at 3412-488 University Ave #1?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$124,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $124,000 annually to afford this 1-bedroom monthly rent price of $3,100.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 1 year ago | $3,100 | 1 bed | 1 bath |
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Internet available near 488 Residences Of 488 #1
Neighborhood
Grange Park | Toronto, ON
Getting around Toronto near 3412-488 University Ave #1
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
9/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 3412-488 University Ave #1, Toronto
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
10/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
9/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 3412-488 University Ave #1
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Mehanna Fashion
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Mark's
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Mansueta Medical Garment Fitters
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Starbucks
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Tim Hortons
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Tim Hortons
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Kyoto House Restaurant
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Starbucks
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Sin & Redemption
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St Louis Bar & Grill
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Par Bar Topgolf Swing Suite
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Jazz in Toronto
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JOEY Restaurants
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Bapbo
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Bread & Bowl
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Ali Baba's
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Mediterranean 2Go
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Avenue Cafe & Bistro
488 University Ave
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488 Residences Of 488, Toronto, ON M5G 0C1, CAN
488 Residences Of 488 Toronto, ON
Occupied
1 Bed, 2 Baths
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