Highlights
Pet Friendly
Location
Tour 488 University Avenue #5008
Contact
Karlo Francisco
Our team has verified this companyNearby rentals
Renter hub
Property management
Karlo Francisco
Our team has verified this companyHigh-floor condo offering expansive city and lake views, contemporary finishes, and access to extensive building amenities in a central downtown location. Well-suited for professionals, medical or financial district workers, and those seeking a transit-friendly, walkable lifestyle with nearby shops, dining, and cultural venues. Notable for its floor-to-ceiling windows, integrated appliances, and proximity to major hospitals, universities, and subway access directly below the building.
Things you’ll love
Great for
Features
| Air Conditioning | Balcony |
| Central Heat | Hardwood Floor |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Cats OK | Controlled Access |
| Dogs OK | Elevator |
| Fitness Center |
Grounds
| Swimming Pool |
Services
| Concierge Service |
One-time.
One-time. Refundable.
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Here’s the updated version with the 50th floor and south exposure highlighted as premium features: Experience luxury living in the heart of downtown Toronto at the iconic Residences of 488 University Avenue. Perched on the 50th floor, this stunning 2 Bedroom + 2 Bathroom suite offers approximately 820 sq ft of thoughtfully designed living space plus a private balcony with breathtaking unobstructed south views of the CN Tower, city skyline, and lake. The coveted south exposure fills the suite with natural light throughout the day while offering spectacular daytime and evening views from above the city. Featuring 9 ft floor to ceiling windows, laminate flooring throughout, a modern open concept layout, and a designer kitchen with stone countertops, backsplash, and integrated appliances. The spacious primary bedroom includes custom built in closet organizers and a spa inspired ensuite with digital touch rain shower and deep soaker tub. Enjoy direct access to St. Patrick Subway Station and unbeatable convenience just steps to U of T, TMU, OCAD, Financial District, Eaton Centre, Dundas Square, hospitals, Queens Park, restaurants, shopping, and entertainment. An exceptional opportunity to live in one of Toronto’s most prestigious luxury addresses.
How 488 University Ave, Toronto, ON M5G 0C1, CAN compares to other nearby properties.
Positives
| Neighborhood | Grange Park |
|---|---|
| Post code | M5G 0C1 |
| Type | Condo for rent |
2-bedroom apartments at 488 University Avenue #5008 cost about 8% more than the average rent price for 2-bedroom apartments in Toronto.
| Month | Median Rent |
|---|---|
| June 2024 | $3,083 |
| July 2024 | $3,049 |
| August 2024 | $3,092 |
| September 2024 | $3,043 |
| October 2024 | $2,997 |
| November 2024 | $2,961 |
| December 2024 | $2,948 |
| January 2025 | $2,993 |
| February 2025 | $2,976 |
| March 2025 | $2,901 |
| April 2025 | $2,860 |
| May 2025 | $2,850 |
| June 2025 | $2,850 |
| July 2025 | $2,816 |
| August 2025 | $2,799 |
| September 2025 | $2,778 |
| October 2025 | $2,764 |
| November 2025 | $2,748 |
| December 2025 | $2,739 |
| January 2026 | $2,719 |
| February 2026 | $2,708 |
| March 2026 | $2,693 |
| April 2026 | $2,684 |
| May 2026 | $2,669 |
| Month | Median Rent |
|---|---|
| June 2024 | $3,166 |
| July 2024 | $3,175 |
| August 2024 | $2,926 |
| September 2024 | $2,893 |
| October 2024 | $3,056 |
| November 2024 | $3,132 |
| December 2024 | $2,993 |
| January 2025 | $3,133 |
| February 2025 | $3,016 |
| March 2025 | $2,954 |
| April 2025 | $2,886 |
| May 2025 | $2,907 |
| June 2025 | $3,025 |
| July 2025 | $2,843 |
| August 2025 | $2,787 |
| September 2025 | $2,751 |
| October 2025 | $2,956 |
| November 2025 | $3,080 |
| December 2025 | $3,032 |
| January 2026 | $2,981 |
| February 2026 | $3,014 |
| March 2026 | $3,092 |
| April 2026 | $3,007 |
| May 2026 | $2,947 |
Can I afford to live at 488 University Avenue #5008?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$136,000/yr
| Bath | |||||
|---|---|---|---|---|---|
| 2 months ago | $2,250 | 1 bed | 1 bath | ||
| 3 months ago | $4,195 | 2 bed | 2 bath | ||
| 1 year ago | $6,000 | 3 bed | 2 bath | ||
| 1 year ago | $4,975 | 2 bed | 2 bath | ||
| 1 year ago | $3,200 | 1 bed | 1 bath | ||
| 1 year ago | $2,600 | 1 bed | 1 bath | ||
| 1 year ago | $6,000 | 3 bed | 2 bath | ||
| 2 years ago | $3,450 | 2 bed | 2 bath | ||
| 2 years ago | $3,400 | 1 bed | 1 bath |
Grange Park | Toronto, ON
Occupied
1 Bed
1 Bath
$2,600
Outdoor Space • Assigned Parking
Occupied
1 Bed
1 Bath
$2,700
Outdoor Space • Assigned Parking • Balcony
Occupied
1 Bed
1 Bath
$2,800
Balcony
Occupied
1 Bed
1 Bath
$2,980
Outdoor Space • Assigned Parking • Balcony
Occupied
1 Bed
1 Bath
$3,100
Walk-In Closets • Outdoor Space • Assigned Parking • Balcony
Occupied
1 Bed
1 Bath
$3,200
Outdoor Space • Assigned Parking • Balcony
Occupied
1 Bed
1 Bath
$3,400
Outdoor Space • Assigned Parking • Walk-In Closets • Fireplace • Hardwood Floor • Furnished
Occupied
1 Bed
1 Bath
$3,500
High Ceilings • Hardwood Floor • Assigned Parking
Occupied
2 Beds
2 Baths
$3,400
High Ceilings • Balcony
Occupied
2 Beds
2 Baths
$3,450
Outdoor Space • Assigned Parking • Walk-In Closets • High Ceilings • Balcony
Occupied
2 Beds
2 Baths
$3,500
Hardwood Floor • Assigned Parking • Balcony
Occupied
2 Beds
2 Baths
$3,500
Air Conditioning • In-Unit Laundry • On-Site Laundry • Walk-In Closets • Balcony • Dishwasher
Occupied
2 Beds
2 Baths
$3,500
Outdoor Space • Assigned Parking
Occupied
2 Beds
2 Baths
$3,750
Outdoor Space • Assigned Parking • Balcony
Occupied
3 Beds
2 Baths
$4,950
Balcony
Occupied
3 Beds
2 Baths
$5,400
Furnished • Assigned Parking • Outdoor Space • Balcony
Occupied
3 Beds
2 Baths
$6,000
Outdoor Space • Hardwood Floor • Assigned Parking • Balcony
Occupied
3 Beds
3 Baths
$7,500
High Ceilings • Furnished • Balcony
Occupied
1 Bed
1 Bath
$2,250
On-Site Laundry • Balcony
Occupied
1 Bed
1 Bath
$3,500
Air Conditioning • In-Unit Laundry • Walk-In Closets • Fireplace • High Ceilings • Hardwood Floor
Occupied
2 Beds
2 Baths
$4,195
Occupied
2 Beds
2 Baths
$4,975
Air Conditioning • Balcony • In-Unit Laundry • Outdoor Space • Assigned Parking • Hardwood Floor
Occupied
3 Beds
2 Baths
$5,000
Air Conditioning • Balcony • In-Unit Laundry • Outdoor Space • High Ceilings • Furnished
Occupied
3 Beds
2 Baths
$5,995
Air Conditioning • Balcony • In-Unit Laundry • Outdoor Space • High Ceilings • Hardwood Floor
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