The Residences of 488 University Avenue

Welcome to the world of luxury living at The Residences at 488 University Avenue, Toronto - a prestigious address boasting modern amenities and an urban lifestyle that caters to those with discerning tastes. This upscale condominium stands tall as one of the most sought-after properties in downtown Toronto, offering unparalleled convenience and sophistication for residents and investors alike. Ready to discover why this stunning highrise should be on your radar? Read on to explore what sets 488 University Avenue apart from other premium residences in the city.

Overview Of The Residences At 488 University Avenue, Toronto

The Residences at 488 University Avenue is a luxurious high-rise condominium located in the heart of downtown Toronto. Boasting modern amenities such as an outdoor and indoor pool, fitness center, sky lounge and rooftop patio, this mixed-use development offers state-of-the-art equipment for residents to enjoy. With its prime location, prestigious address and sophisticated living options, The Residences at 488 University Avenue is definitely worth considering for those looking for premium residences in downtown Toronto. Read on to learn more about this intensification project and investment opportunity.

Building Features And Design

The Residences at 488 University Avenue, Toronto boasts an impressive 55-storey structure that stands tall as the city's most luxurious condominium. Initially an 18-story office building located at the North West corner of Dundas Street West and University Avenue, it was meticulously transformed into a high-end residential property utilizing innovative architecture and design techniques. Ranking as the tallest condominium in Toronto and its surrounding region, this prestigious address offers stunning views of the vibrant urban landscape.

Every detail within this luxurious high-rise has been designed to exude elegance and sophistication. From its sleek glass panel exteriors to lavishly appointed interiors, The Residences at 488 University Avenue embodies modern luxury living. High-end finishes are evident throughout each spacious suite, with cutting-edge appliances and state-of-the-art equipment elevating the standard for downtown residences. This exquisite design not only enhances the refined lifestyle offered but also makes it an attractive choice for those seeking premium real estate investment opportunities in Toronto's bustling downtown core.

Amenities Available For Residents

The Residences at 488 University Avenue, Toronto offers a wide range of modern amenities to cater to the needs and preferences of its discerning residents. Some of these luxury amenities include:

1. An elegant indoor pool, perfect for year-round swimming and relaxation

2. A stunning outdoor pool with loungers, providing an oasis in downtown Toronto during warmer months

3. A state-of-the-art fitness center equipped with high-end cardiovascular and strength training equipment for residents' exercise needs

4. A luxurious spa area featuring a hot tub for ultimate relaxation after a long day

5. The sophisticated Sky Lounge, offering breathtaking city views and a stylish space for socializing or hosting events

6. A spectacular rooftop patio that provides an exclusive outdoor retreat with panoramic views of Downtown Toronto's skyline

7. High-speed elevators that ensure quick access to all levels for residents' convenience

8. An elegant lobby with attentive concierge service available 24/7 to assist with various requests

These top-notch facilities combined with the exceptional location of The Residences at 488 University Avenue make it the ultimate urban living destination in downtown Toronto, providing its residents not only with luxurious condos but also access to the best the city has to offer right outside their doors.

Benefits Of Living At 488 University Avenue

Living at The Residences of 488 University Avenue offers a plethora of benefits, including easy access to entertainment and dining options, convenient public transportation, and the luxury living experience you deserve. Keep reading to find out why this building should be your next choice for an urban oasis in the heart of Toronto.

Access To Entertainment, Dining, And Shopping Options

Living at The Residences of 488 University Avenue places residents in the heart of Toronto's vibrant and bustling city center. This prime location offers an array of top-notch entertainment options, ranging from popular theaters like the Ed Mirvish Theatre to well-known art galleries such as The Art Gallery of Ontario. Residents have a world of culture right at their doorstep, including the famous Royal Ontario Museum located a short walk away.

The abundance of dining options around 488 University Avenue is sure to satisfy even the most discerning taste buds. From high-end restaurants offering international cuisines to cozy cafes where you can enjoy a morning coffee or light meal, there is something for everyone in this diverse culinary scene. Additionally, proximity to shopping centers like CF Toronto Eaton Centre means that residents will never be short on retail therapy opportunities within walking distance from home. With all these amenities nearby, residents can truly embrace the urban lifestyle and indulge in everything that downtown Toronto has to offer.

Convenient Public Transportation Options

Living at The Residences of 488 University Avenue provides residents with easy access to various public transportation options. The building is situated in the heart of downtown Toronto, making it easily accessible by bus or subway. Several TTC streetcar routes run along Dundas Street and Queen Street West, which are a short walk away from the building. Union Station, which is home to GO Transit and VIA Rail services, is also just a few minutes away by foot.

In addition to being close to major transit hubs, residents can take advantage of the city's bike-sharing program that has several stations within walking distance from the property. This makes getting around the city quick and efficient while improving air quality for all Torontonians.

Whether you work downtown or anywhere else in Toronto, living at The Residences of 488 University Avenue ensures that you have convenient access to public transportation options that will make your daily commute hassle-free.

Luxurious Living Experience

Living at The Residences of 488 University Avenue offers a luxurious living experience in the heart of Toronto's downtown. With high-end finishes and amenities, residents can enjoy modern features like an outdoor pool, indoor pool, hot tub, fitness center with state-of-the-art equipment for strength and cardio training. Other notable amenities include a sky lounge and rooftop patio for socializing with friends or hosting events. For those looking to relax, the spa is equipped with light meals and drinks to provide ultimate relaxation.

The spacious suites offer premium residences that cater to all needs and preferences – no matter your family size or living requirements. From sophisticated one-bedroom apartments to expansive three-bedroom condominiums, there is something that suits everyone's taste from professional individuals looking for upscale housing in downtown Toronto to families seeking space without compromising on their urban lifestyle.

The location of The Residences at 488 University Avenue is ideal for those who value convenience as it stands close by entertainment hubs including restaurants such as Scaramouche Pasta Bar & Grilla nd Antler Kitchen & Bar shopping destinations like CF Toronto Eaton Centre as well as public transportation options making commuting around the city more convenient than ever before.

Investment Opportunities At 488 University Avenue

Investing in The Residences at 488 University Avenue can prove to be a wise decision, as the property offers potential for rental income, appreciation of property value over time, and it is located in an area with high demand in Toronto's ever-growing housing market. Want to learn more? Keep reading!

High Demand In Toronto's Housing Market

The Residences at 488 University Avenue, Toronto is a prime investment opportunity owing to the high demand for luxury property in the city's housing market. Toronto has seen steady growth in its real estate sector, and luxury condos have emerged as one of the most sought-after options. With average prices per square foot going for $1,451 over the past year, it's easy to see why investing in a condo at 488 University Avenue is an ideal choice for any savvy investor.

Furthermore, the building offers immense potential for rental income due to its location and amenities such as an outdoor pool, indoor pool, hot tubs, fitness centers with state-of-the-art equipment like strength training and cardio machines. The position of the building also makes transportation easily accessible which adds value to it being a preferred investment option. Aspiring investors should consider this lucrative opportunity since downtown living' continues attracting more people looking for premium residences or apartments that offer sophisticated urban living experiences with prestige addresses just like The Residences at 488 University Avenue, Toronto offers.

Potential For Rental Income

Investing in a unit at The Residences of 488 University Avenue can offer significant potential for rental income due to its prime location and high demand. With the building located in the heart of downtown Toronto, tenants have easy access to various amenities such as restaurants, shops, and entertainment centers. In addition, convenient public transportation options make it an attractive option for those who work in the city but prefer not to live far from their workplace.

The average price per square foot for the past 365 days at The Residences of 488 University Avenue is $1,451, making it a prime choice for high-end living. With this premium pricing comes an opportunity for investors looking to generate rental income from their investment property. As one of the tallest condominiums in Toronto, units at The Residences attract renters seeking sophisticated urban living with state-of-the-art amenities such as an outdoor pool, indoor pool, spa hot tubs, fitness center with cardio and strength training equipment and accompanying attention by personal trainers along with light meals and drink services and a sky lounge boasting stunning views of downtown Toronto. Overall there's no doubt that investing in a unit at The Residences offers great potential for both enjoyment and long-term financial gain through lucrative rental opportunities with all these luxurious features on offer right within your reach!

Appreciation Of Property Value Over Time

Investing in a property at The Residences of 488 University Avenue promises an excellent return on investment due to appreciation in property value over time. This is primarily because the location of the building makes it highly desirable for people looking for high-end living options in Toronto's downtown area. As a result, properties located here tend to appreciate faster than similar luxury condos elsewhere.

The past year has seen tremendous growth in demand for luxury real estate across Toronto, with condo prices reaching all-time highs. There is no doubt that investing in properties such as The Residences of 488 University Avenue will yield good returns not only now but also over time. And with its prime location and state-of-the-art amenities, this development promises luxurious living coupled with potential financial gains.

Moreover, although there are fluctuations in the housing market from time to time, long-term trends show that owning a piece of real estate often translates into significant increases in value over an extended period. So if you're looking for a secure way to invest your money while enjoying high-end living experiences, purchasing a unit at The Residences of 488 University Avenue could be an ideal option!

Consideration Of Floorplans And Pricing

When considering floorplans and pricing at The Residences of 488 University Avenue, it's essential to know the various options available to cater to different needs and preferences. Here's a breakdown of some popular floorplans and their respective pricing:

Keep in mind that these prices are based on an average price per square foot of $1,451, which might vary over time. Additionally, the luxurious nature of The Residences of 488 University Avenue contributes to its popularity among buyers and renters, making it a top choice for those looking to invest in high-end real estate in Toronto.

Conclusion: Why 488 University Avenue Is A Great Choice For Your Next Home Or Investment Property

In conclusion, The Residences at 488 University Avenue in Toronto is the epitome of luxurious living. From its modern amenities like an outdoor pool, indoor pool, fitness center, spa with a hot tub and sky lounge to the prime location in downtown Toronto with easy access to entertainment and dining options, everything about this high-rise screams sophisticated living.

It's not just a home; it's a lifestyle that offers prestigious addresses and spacious suites for those who appreciate premium residences. Whether you're searching for your next home or investment property, consider making The Residences at 488 University Avenue your top choice for a vibrant urban living experience. Don't miss out on one of Canada's most spectacular mixed-use development projects: schedule your visit today!

Stats

This building is located at  488 University Avenue, Toronto, M5G 0C1 and is situated in the neighbourhood of University. Other neighbourhoods nearby are Bay Street Corridor, Toronto C08, Toronto C03, Toronto W06, Toronto W05. The district of University has 124 postings available. That's just 0.6% of the 21115 total properties for sale in the city of Toronto. Homes in University are listed for an average asking price of $1,206,031, or an estimated monthly mortgage of $4,086. That is 1.2 times less the average list price of $1,502,465 in Toronto. University listed properties average 378 sq ft, 1.2 beds, and 1.6 baths. Apartments make up 22.6% of homes for sale in the neighbourhood around 488 University Avenue.