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488 University Ave488 University Ave, Toronto, ON M5G 0C1, CAN
488 University Ave488 University Ave, Toronto, ON M5G 0C1, CAN
Condo for rent
Pet friendly
| Monthly rent | $5,395–$5,650 |
|---|---|
| Beds | 2–3 |
| Baths | 2 |
| Sqft | 960–1,136 |
Updated 5+ Days Ago
3 Bed 2 bath unit
Address details
| Units | 28 |
|---|---|
| Units available | 2 |
| Neighborhood | |
| City | |
| Post code | M5G 0C1 |
Property Overview
488 Univ Ave offers helpful photo coverage, giving renters a clear first look at the space and layout. Outdoor areas, hard-surface flooring, HVAC, ample natural light, and access to a pool or spa and fitness center support both pet-friendly living and everyday comfort and wellness.
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
Covered parking- Elevator
- Extra Storage
Great for
Wellness
Pet owners
Highlights
Pet Friendly
Units
488 University Ave, Toronto, ON M5G 0C1, CAN
488 University Ave Toronto, ON
Available
5308
Our team has verified this company2 Beds
2 Baths
$5,650
Central Heat • Furnished • Walk-In Closets • Outdoor Space • Balcony • Fitness Center
Available
5216
Our team has verified this company3 Beds
2 Baths
$5,395
Central Heat • Walk-In Closets • Outdoor Space • Balcony • Fitness Center • Garden
Amenities for 488 University Ave
Some units at this address have these amenities. View unit details for more information.
Building
- Dogs Ok
- Cats Ok
- Door Person
- On-Site Laundry
- Dry Cleaning Service
- Controlled Access
- Garage Parking
- Wheelchair Accessible
- Outdoor Space
- Business Center
- Elevator
- Fitness Center
- Concierge Service
- On-Site Management
- Residents Lounge
- Package Service
- Roof Deck
- Storage
- Swimming Pool
Unit Amenities
- Central Heat
- Walk-In Closets
- Outdoor Space
- Balcony
- Fitness Center
- Garden
- High Ceilings
- In-Unit Laundry
- Hardwood Floor
- Air Conditioning
- Dishwasher
- On-Site Laundry
- Furnished
- Assigned Parking
- 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
Interested in leasing 488 University Ave, Toronto, ON M5G 0C1, CAN? Currently, 488 University Ave, Toronto, ON M5G 0C1, CAN is available to rent or lease. It is a 3-bedroom condo with 2 bathrooms. Below, you can compare the rent price at 488 University Ave, Toronto, ON M5G 0C1, CAN vs overall rent prices in Grange Park, ON. We have compiled nearby businesses and things to do close to 488 University Ave, Toronto, ON M5G 0C1, CAN.
Address details
| Units | 28 |
|---|---|
| Units available | 2 |
| Neighborhood | |
| City | |
| Post code | M5G 0C1 |
488 University Avenue #5216 is great for:
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
- Covered parking
- Garage, covered, or indoor parking is available at this address
- Elevator
- Improved accessibility features
- Extra Storage
- Upgraded in-unit features
- Images available
- There are at least 10 photos of this address
- In-house dry cleaning
- Upgraded laundry services available
- Laundry available on site
- Washers and dryers are available in-building or in-unit
- Package service
- More secure storage for delivery
- Roof deck
- Access to public roof space
- Walk-in closet
- Rentals here may include more closet space than average
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Rent trends in Toronto
If you decide to upgrade your space, you can expect 2-bedrooms at 488 University Avenue #5216 to be 88% more than the average for similarly sized apartments in Grange Park.
3-bedroom apartments at 488 University Avenue #5216 cost about 42% more than the average rent price for 3-bedroom apartments in Grange Park.
Median rents as of Jul 18 2026.
Grange Park
Toronto
| Month | Median Rent |
|---|---|
| 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 | $1,750 |
| January 2026 | $1,741 |
| February 2026 | $1,709 |
| March 2026 | $1,700 |
| April 2026 | $1,700 |
| May 2026 | $1,706 |
| June 2026 | $1,722 |
| July 2026 | $1,736 |
| Month | Median Rent |
|---|---|
| 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 | $1,684 |
| January 2026 | $1,653 |
| February 2026 | $1,621 |
| March 2026 | $1,709 |
| April 2026 | $1,788 |
| May 2026 | $1,978 |
| June 2026 | $2,036 |
| July 2026 | $1,948 |
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
$226,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $226,000 annually to afford this 2-bedrooms monthly rent price of $5,650.
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 | |||||
|---|---|---|---|---|---|
| This month | $3,400 | 2 bed | 2 bath | ||
| Last month | $3,300 | 2 bed | 2 bath | ||
| 3 months ago | $2,250 | 1 bed | 1 bath | ||
| 4 months ago | $4,195 | 2 bed | 2 bath | ||
| 1 year ago | $4,975 | 2 bed | 2 bath | ||
| 1 year ago | $4,950 | 3 bed | 2 bath | ||
| 2 years ago | $3,200 | 1 bed | 1 bath | ||
| 2 years ago | $2,600 | 1 bed | 1 bath | ||
| 2 years ago | $6,000 | 3 bed | 2 bath |
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Neighborhood
Grange Park | Toronto, ON
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
Exceptional variety of groceries within a few minutes' 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 5-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
10/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 488 University Ave
Longo's
111 Elizabeth St
Lucky Moose
393 Dundas St W
Cavalcanti Hume Funfer Inc
80 Richmond St W
Hua Sheng Supermarket
293 Spadina Ave
Galati G
20 Queen St W
Olio Studio
160 McCaul St
Marzena Boutique
595 Bay Stree
Mehanna Fashion
595 Bay St
Mansueta Medical Garment Fitters
700 University Ave
Mark's
65 Dundas St W
Tim Hortons
438 University Ave
Starbucks
439 University Ave
The Library Specialty Coffee
281 Dundas St W
Tim Hortons
175 Dundas St W
Starbucks
555 University Ave
Sin & Redemption
136 McCaul St
St Louis Bar & Grill
595 Bay St
Par Bar Topgolf Swing Suite
525 Bay St
Jazz in Toronto
194 Queen St W
Club Lounge
525 Bay St
Bread & Bowl
2 Murray St
Bapbo
142 Dundas St W
Baldwin Natural Markets & Cafe
16 Baldwin St
Butter Baker
120 Dundas St W
Good Luck Vegetable-Fruit Wholesale
393 Dundas St W
Garden
Park
Playground
Garden
Garden
Avenue Cafe & Bistro
488 University Ave
Hoessle IP
480 University Ave
Pegasus Restaurant
439 University Ave
Cafe Plenty
250 Dundas St W
Tim Hortons
438 University Ave
Dundas St West at University Ave - St Patrick Station
DUNDAS
Dundas St West at University Ave - St Patrick Station
DUNDAS
Dundas St West at St Patrick St
DUNDAS
Elm St at University Ave East Side
AVENUE ROAD
Dundas St West at McCaul St
DUNDAS
UP Express Union Station
Union Pearson Express
Union Station
Lakeshore East, Lakeshore West, Lakeshore East, Barrie, Barrie, Richmond Hill, Stouffville, Milton, Stouffville, Kitchener, Lakeshore West, Richmond Hill, Kitchener, Milton
Exhibition
Lakeshore West, Lakeshore West
Bloor
Kitchener, Kitchener
Bloor GO/UP
Union Pearson Express
St Patrick Station - Northbound Platform
LINE 1 (YONGE-UNIVERSITY)
St Patrick Station - Southbound Platform
LINE 1 (YONGE-UNIVERSITY)
Osgoode Station - Northbound Platform
LINE 1 (YONGE-UNIVERSITY)
Queen's Park Station - Southbound Platform
LINE 1 (YONGE-UNIVERSITY)
Osgoode Station - Southbound Platform
LINE 1 (YONGE-UNIVERSITY)
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