The Residences of 488 University Avenue

488 University Ave, Toronto · Bay Street Corridor

Updated Jul 2026
9 listings tracked

A 1-bedroom here costs

$2,725/month$1,512/yr above the area

Bay Street Corridor median $2,599 · Toronto median $2,211

Where it sits among nearby buildings

$2,200 cheapest nearby$3,784 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$2,599$2,211
2 bed$5,000$3,680$2,849
3 bed$5,098$5,180$3,695

Nearby buildings in Bay Street Corridor

Each links to its own rent report.

Building1 bed2 bed
Motion
570 Bay St
$2,488$3,826
Conservatory Tower
736 Bay St
—$3,680
Gerrard West
99 Gerrard St West
$2,622$3,200
College Park North Tower
763 Bay St
$2,598$4,031
386 Yonge St
$2,200$7,141
Liberties III
44 Gerrard St W
$2,600$3,275
The Livmore
55 Gerrard St W
$2,450$3,600
One King West Hotel & Residence
1 King St West
$3,784$3,200
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Building history, tribunal record, and condo risk.