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    Toronto / Downtown / Grange Park

    2503 - 426 University Ave

    For SaleResidences at RCMI
    $820,000
    2 Beds
    1 Bath
    0 Parking
    754 SQFT
    11 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $663/mth
    Taxes:
    $3,471 (2023)
    Cost Per Sqft:
    $1,088/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    South West
    Possession Date:
    60/90 Flexible
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Laminate, Sw View
    13.42 x 11.52ft
    Dining
    Laminate, Centre Island, Open Concept
    13.42 x 11.52ft
    Kitchen
    Ceramic Floor, Built-in Appliances, Stainless Steel Appliances
    13.42 x 6.17ft

    About this Listing

    INVESTMENT OPPORTUNITY! CASH FLOW GENERATING PROPERTY! PRIME AND SOUGHT-AFTER LOCATION AT UNIVERSITY AND DUNDAS! POTENTIAL RENTAL INCOME UP TO $46,000 A YEAR! Very bright corner unit with a large balcony. This two-bedroom luxury condo in the heart of downtown on University Ave features 9ft smooth ceilings, a modern kitchen with integrated appliances, frosted glass doors for bedrooms and closets, and a large island with granite countertops. Building amenities include a 24-hour concierge and a fully equipped fitness facility. Steps to public transit and close to Toronto Eaton Centre, hospitals, and U of T.

    keller williams legacies realtyMLS® #C10420593

    Amenities

    Party Room
    Security System
    Concierge
    Gym Room
    Games Room
    Rec Room

    Explore Neighbourhood

    9/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    9,011
    Average Individual Income
    $64,908
    Average Household Size
    3 persons
    Average Age
    41
    Average Household Income
    $107,712
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    30%
    35 - 49
    20%
    50 - 64
    18%
    65+
    15%
    Household Income
    $0 - $30,000
    44%
    $30,000+
    25%
    $60,000+
    15%
    $90,000+
    10%
    $125,000+
    4%
    Housing Types & Tenancy
    High Rise Apartment
    44%
    Detached
    27%
    Semi Detached
    20%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    75%
    Mandarin
    12%
    Cantonese
    7%
    Tagalog
    2%
    Telugu
    1%
    Spanish
    1%
    Hindi
    1%
    Urdu
    1%
    Education
    University and Above
    42%
    High School
    22%
    College
    15%
    None
    13%
    Apprenticeship
    2%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    18%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    9%
    Humanities
    5%
    Physical Sciences
    4%
    Education
    4%
    Personal, Protective & Transportation Services
    3%
    Visual & Performing Arts
    2%

    Price Trends

    Maintenance Fees

    Residences at RCMI vs The Grange Park Area

    Building Trends At Residences at RCMI

    Days on Strata

    Units at Residences at RCMI spend an average of
    30
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Grange Park

    Turnover of Units

    On average, each unit is owned for
    7.8
    YEARS before being sold again

    Property Value

    -12%
    Decrease in property value within the past twelve months

    Price Ranking

    7th
    Highest price per SQFT out of 16 condos in the Grange Park area

    Sold Units

    10
    Units were Sold over the past twelve months

    Rented Units

    79
    Units were Rented over the past twelve months

    Best Value Rank

    Residences at RCMI offers the
    ?
    best value out of 16 condos in the Grange Park neighbourhood

    Appreciation Rank

    Residences at RCMI has the
    ?
    highest ROI out of 16 condos in the Grange Park neighbourhood

    Rental Yield

    Residences at RCMI yields the
    ?
    highest rent prices out of 16 condos in the Grange Park neighbourhood

    High Demand

    Residences at RCMI is the
    ?
    most popular building out of 16 condos in the Grange Park neighbourhood

    Transaction Insights at 426 University Avenue

    1 Bed1 Bed + Den2 Bed
    Price Range$522,000 - $600,000$550,000 - $592,500No Data
    Avg. Cost Per Sqft$1,099$881No Data
    Avg. Wait for Unit Availability32 Days57 Days124 Days
    Ratio of Units in Building55%27%19%

    Transactions vs Inventory

    Total number of units listed and sold in Grange Park