The Residences of 488 University Avenue

488 University Ave, Toronto · Bay Street Corridor

Updated Sep 2026
15 listings tracked
The Residences of 488 University Avenue building photo
Representative building photo · Photo: Truthsayer

A 1-bedroom here costs

$2,725/month$1,236/yr above the area

Bay Street Corridor median $2,622 · Toronto median $2,211

Where it sits among nearby buildings

$2,200 cheapest nearby$2,800 priciest

1 of 7 nearby buildings cost more; 6 cost less.

The area around 488 University Ave

488 University Ave — neighbourhood rent mapBay Street Corridor$2,599Saint James Town$1,725Cabbagetown$1,740Trinity-Bellwoods$2,066Church-Wellesley$2,100Regent Park$2,175Moss Park$2,193Downtown Toronto$2,200University$2,244Kensington$2,289Bay-Cloverhill$2,410Liberty Village$2,425Saint Lawrence$2,472King West$2,563Queen West$2,625Harbourfront$2,800
Median 1-bed rentlowerhigher● The Residences of 488 University Avenue · Bay Street Corridor

Rent by bedroom

TypeThis buildingBay Street CorridorToronto
1 bed$2,725$2,622$2,211
2 bed$5,000$3,600$2,849
3 bed$5,395$4,742$3,695

Nearby buildings in Bay Street Corridor

Each links to its own rent report.

Building1 bed2 bed
Motion
570 Bay St
$2,469$3,805
Thomson Building
65 Queen St W
$2,800$3,775
Gerrard West
99 Gerrard St West
$2,495$3,495
Conservatory Tower
736 Bay St
—$3,680
College Park
424 Yonge St
$2,246$3,307
The Livmore
55 Gerrard St W
$2,644$3,600
386 Yonge St
$2,200$3,498
Panda Condos
20 Edward St
$2,200$2,900
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Building history, tribunal record, and condo risk.