Zumper

488 University Ave
488 University Ave, Toronto, ON M5G 0C1, CAN

Condo for rent
Pet friendly
Monthly rent
$4,500
Beds2–3
Baths2
Sqft1,042–1,136
modified
5+ Days Ago

Property Overview

With 74 photos available, renters can easily envision the appealing qualities of this property. The outdoor spaces contribute to its pet-friendly atmosphere, making it an attractive option for pet owners. Additionally, the overall design and amenities enhance the living experience, appealing to a variety of lifestyles.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • Central heat
  • Covered parking
  • Elevator

Great for

  • Pet owners

Highlights

  • Pet Friendly

Units

488 University Ave Toronto, ON

New Listing

3516

Our team has verified this company

3 Beds

2 Baths

$4,500

Listed on 12/09/2025
Listed by Shawn Choi
Days on market: 14
Experience luxury living in the heart of downtown Toronto at this executive 3-bedroom, 2-bathroom condo with a spacious den and valet parking. Situated at the iconic, award-winning landmark building at University & Dundas with direct access to St. Patrick TTC Station, this suite offers unmatched convenience and prestige. Boasting soaring 9'8" floor-to-ceiling windows, a private balcony with stunning views, and upscale finishes throughout including wood floors and high-end upgrades, this unit is perfect for professionals or families seeking refined urban living. Steps to U of T, major hospitals, the financial district, and surrounded by world-class amenities-this is city living at its finest.

New Listing

5102

2 Beds

2 Baths

$4,500

Listed on 12/10/2025
Listed by 5102 - 488 University Avenue - 5102
Days on market: 14
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. Inclusions: Stainless Steel/Integrated Appliances ~ Fridge, Stove, Microwave, Dishwasher, Wine Fridge. Washer & Dryer. Heating Is Included. Hydro & Water Are Extra (Tenant Responsible For Payment). Valet Parking Is Available For An Additional Fee.

Amenities for 488 University Ave

Some units at this address have these amenities. View unit details for more information.

Building
  • Dogs Ok
  • Cats Ok
  • Fitness Center
  • Concierge Service
  • On-Site Laundry
  • Elevator
  • On-Site Management
  • Swimming Pool
  • Residents Lounge
  • Outdoor Space
  • Controlled Access
  • Package Service
  • Dry Cleaning Service
  • Business Center
  • Storage
  • Roof Deck
  • Garage Parking
  • Wheelchair Accessible
Unit Amenities
  • Central Heat
  • Air Conditioning
  • Fitness Center
  • Balcony
  • Assigned Parking
  • In-Unit Laundry
  • Dishwasher
  • Walk-In Closets
  • On-Site Laundry
  • Hardwood Floor
  • Outdoor Space
  • High Ceilings
  • Furnished
  • Fireplace

Policies at 488 University Ave

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Garage Parking

Assigned Parking

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

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About 488 University Ave

HomeApartments in TorontoGrange Park 488 University Avenue #3516, Toronto, ON M5G 0C1, CA

Check out this fantastic property located at 488 University Avenue in Toronto's vibrant Grange Park neighborhood! This 24-unit building offers spacious 2 and 3-bedroom units, ranging from 1042 to 1136 square feet. As a pet-friendly community, you can bring your furry friends along! Enjoy the convenience of long-term rentals and take advantage of the numerous amenities, including a balcony patio, central heat, fitness center and gym, garage, lounges and roof deck, onsite pool and spa, and storage. Plus, each unit features a dishwasher, hardwood floors, and walk-in closet. A major perk is the building's proximity to everything Toronto has to offer! Currently, there are units to choose from, so don't miss out on this amazing opportunity!

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Address details

Units24
Units available2
Neighborhood
City
Post codeM5G 0C1

488 University Avenue #3516 is great for:

Pet owners

  • Outdoor spaces are available at this property

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 University Ave, Toronto, ON M5G 0C1, CAN compares to other nearby properties.

Positives

Central heat
This address offers a climate controlled environment
Covered parking
Garage, covered, or indoor parking is available at this address
Elevator
Improved accessibility features
Extra Storage
Upgraded in-unit features
Fireplace
Upgraded in-unit features available
Images available
There are at least 10 photos of this address
Outdoor space
One or more rentals here have easy access to the outdoors
Package service
More secure storage for delivery
Roof deck
Access to public roof space

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Rent trends in Toronto

If you decide to upgrade your space, you can expect 2-bedrooms at 488 University Avenue #3516 to be 49% more than the average for similarly sized apartments in Grange Park.

3-bedroom apartments at 488 University Avenue #3516 cost about 6% more than the average rent price for 3-bedroom apartments in Grange Park.

Median rents as of Dec 20 2025.
Grange Park
Toronto
A table of studio rental data trends in Toronto
MonthMedian Rent
January 2024$1,999
February 2024$1,988
March 2024$1,980
April 2024$1,959
May 2024$1,983
June 2024$1,990
July 2024$1,955
August 2024$1,948
September 2024$1,907
October 2024$1,898
November 2024$1,899
December 2024$1,899
January 2025$1,887
February 2025$1,853
March 2025$1,862
April 2025$1,856
May 2025$1,842
June 2025$1,806
July 2025$1,800
August 2025$1,800
September 2025$1,799
October 2025$1,798
November 2025$1,768
December 2025$1,751
A table of studio rental data trends in Grange Park
MonthMedian Rent
May 2024$1,879
June 2024$1,860
July 2024$1,848
August 2024$1,880
September 2024$1,818
October 2024$1,716
November 2024$1,714
December 2024$1,797
January 2025$1,800
February 2025$1,765
March 2025$1,720
April 2025$1,749
May 2025$1,727
June 2025$1,772
July 2025$1,800
August 2025$1,799
September 2025$1,755
October 2025$1,701
November 2025$1,699
December 2025$1,683

Affordability calculator

Can I afford to live at 488 University Ave?

Bedrooms

Rent-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

$180,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $180,000 annually to afford this 2-bedrooms monthly rent price of $4,500.
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.
Check out the past listing prices for monthly rent at 488 University Avenue, Toronto, ON.
1 year ago$6,0003 bed2 bath
1 year ago$4,9752 bed2 bath
1 year ago$4,9503 bed2 bath
1 year ago$3,2001 bed1 bath
1 year ago$6,0003 bed2 bath
1 year ago$3,4001 bed1 bath
1 year ago$3,4502 bed2 bath
1 year ago$2,7001 bed1 bath
1 year ago$3,1001 bed1 bath
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Neighborhood

Grange Park | Toronto, ON

NEIGHBORHOOD VIBE
Lively and energetic
You’ll be in the heart of the action in this bustling and vibrant area with plenty of shopping, nightlife, and culture.

Getting around Toronto near 488 University Ave

Walking

10/10
No car? No problem. Everything you need is within a few blocks.

Driving

4/10
Roads are accessible, but parking may be a challenge.

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 488 University Ave, Toronto

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

10/10
Wide variety of shops within a few minutes' walk

Cafes

10/10
Variety of cafés right on the street

Restaurants

10/10
Variety of restaurants right on the street

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Parks

10/10
Very large amount of park space within a few minutes' walk

Nightlife

9/10
Variety of bars within a few minutes' walk

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