The Residences of 488 University Avenue

1 - About The Residences of 488 University Avenue

• Address: 488 University Ave, Toronto
• Neighbourhood: Kensington-Chinatown/Grange Park
• Storeys: 55
• Units: 447
• Year Built: 2020
• Builder: Amexon
• Building Type: High-Rise condo
• Suite Size(s): 544 sqft - 1699 sqft
• Average Price: $1,119 / sq. ft.

2 - Overview of The Residences of 488 University Avenue

The Residences of 488 University Avenue represents a remarkable transformation of the 1968 Global House office building into a modern 55-storey residential tower. This intensification project completely reimagined the original structure, stripping away the dated Brutalist concrete cladding and replacing it with a contemporary glass and steel facade.

The tower rises elegantly from a three-storey podium, crowned by a striking 50-foot-high glass atrium that serves as the architectural centerpiece. This expansive atrium seamlessly connects the residential lobby with ground-level retail and dining establishments, creating a vibrant mixed-use environment. The building offers convenient access through both a pedestrian entrance on University Avenue and a covered vehicular entrance on Simcoe Street.

3 - Suite Sizes & Value

Residences at 488 University Avenue offer spacious living with suites ranging from 544 to 1,699 square feet. Each unit features floor-to-ceiling windows that maximize natural light and provide sweeping views of Toronto's downtown skyline. The glass-walled perimeters create an open, airy atmosphere throughout the living spaces.

Average Price: $1,119 / sq. ft.

This competitive pricing reflects the building's premium location on University Avenue, direct subway connectivity, and the successful conversion from office to residential use. The valuation aligns with comparable luxury developments in Toronto's downtown core.

4 - Building Amenities & Features

• Extensive Amenity Space: Nearly 30,000 square feet of shared facilities spread across two floors
• Fitness Centre: Fully equipped gym with modern cardio and strength training equipment
• Swimming Pool: Indoor aquatic facility for year-round enjoyment
• Concierge Services: 24/7 security and concierge support for residents
• Outdoor Terraces: Landscaped patio and garden areas for relaxation
• Entertainment Spaces: Dedicated visitor lounge and social areas for hosting guests
• Integrated Retail: Ground-level podium featuring retail shops and restaurant options
• Dual Access Points: Convenient pedestrian entry via University Avenue and vehicular access through Simcoe Street

5 - Location Highlights

• Transit Excellence: Direct internal connection to St. Patrick TTC subway station
• Green Space Access: Three-minute walk to Butterfield Park, Grange Park, and Larry Sefton Park
• Cultural Hub: Walking distance to the Art Gallery of Ontario, Textile Museum of Canada, Jackman Hall, and The Wunderbase
• Shopping & Dining: Steps from Queen West's fashion district, Hasty Market, and Pharmacy By The Grange
• Business District: Positioned on University Avenue near major hospital networks and corporate centres
• Connectivity: Easy access to Queen Street West via streetcar and multiple transit options

6 - Lifestyle Near The Residences of 488 University Avenue

Living at The Residences of 488 University Avenue places residents at the heart of Toronto's most dynamic neighbourhoods. The location perfectly balances proximity to the city's thriving arts scene, fashion-forward Queen West district, and major business centres along University Avenue.

Daily life is enhanced by the wide, tree-lined sidewalks of University Avenue and quick access to Grange Park's green spaces. The area attracts creative professionals, business executives, and urban dwellers who value both cultural richness and career opportunities. Local specialty markets and established restaurants provide convenient options for dining and shopping, while the direct subway connection ensures effortless commuting throughout the city.

7 - About the Developer

Amexon Development Corporation brings over 35 years of expertise to Toronto's real estate landscape, with an established portfolio of residential and commercial properties throughout the city. For The Residences of 488 University Avenue, Amexon partnered with renowned design firm II BY IV to execute both the complex structural conversion and sophisticated interior design elements. This collaboration ensured the successful transformation of a mid-century office building into a contemporary residential landmark that meets modern urban living standards.