$20,000/mo - 1 Edgewater Drive Unit SPH10, Cabbagetown
Condo for Rent in Cabbagetown
Popular ListingNeighbourhood: Waterfront Communities C8
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- MLS Number
- C13840700
- Property Type
- Condo
- Status
- active
- Days on Site
- 8
- Bedrooms
- 3
- Bathrooms
- 5
- Square Feet
- 3,250 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Exclusive
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- HAMMOND INTERNATIONAL PROPERTIES LIMITED
The Aquavista Penthouse Waterfront Living with Exceptional Indoor and Outdoor Space. Welcome to The Aquavista Penthouse at 1 Edgewater Drive, Suite SPH10, a rare two-level waterfront residence offering approximately 3,447 sqft of interior living space plus 2,005 sqft. of outdoor space, three bedroom suites, a main-floor office, and spectacular private outdoor areas. A welcoming foyer opens to expansive living and dining rooms designed for both everyday comfort and large-scale entertaining with 10 ft ceilings. The curved living room adds architectural character, while a balcony extends the living space outdoors. The spacious dining area easily accommodates family gatherings and special occasions. The kitchen features a large central island, generous breakfast area, and direct access to a second balcony, creating a bright and inviting hub for daily living. An adjacent office provides a convenient space for working from home, reading, or quiet retreat. Privately situated on the main floor, the primary suite offers exceptional scale, including a spacious bedroom with room for a sitting area, two walk-in closets, and a luxurious ensuite with double vanity, separate tub and shower, and enclosed water closet. A second main-floor bedroom includes its own walk-in closet and ensuite bathroom, while a powder room and dedicated laundry room complete the level. Upstairs, a third bedroom suite with walk-in closet and ensuite bath is accompanied by a separate sitting room, creating an ideal guest retreat or flexible living space. These rooms open directly onto the penthouse's signature feature: an expansive private rooftop terrace.
Estimate your monthly payments for this property
Estimated Payment
$102.61/mo
Includes CMHC insurance ($558)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Waterfront Communities C8
Waterfront Communities C8 is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Waterfront Communities C8
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Waterfront Communities C8 offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1 Edgewater Drive Unit SPH10, Regent Park / Cabbagetown / St. James Town
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $20,000/mo, this is asking above the typical 3-bedroom rent of ~$3,500/mo in Cabbagetown. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Larger Home Realities
At 3,250 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Waterfront Communities C8
I know Waterfront Communities C8 well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.