$3,700/mo - 1029 King Street Unit 204, Downtown Toronto
Condo for Rent in Downtown Toronto
New — Listed 4 days agoNeighbourhood: Niagara
- MLS Number
- C13692212
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- Signature Elite Realty Ltd.
Loft living in the heart of King West, with the space to truly live. This unique south-facing, two-storey loft offers two floors of open-concept living in one of downtown Toronto's most exciting and connected neighbourhoods. With two bedrooms, two bathrooms, parking, and utilities included, this is a rare opportunity for professionals, couples, or roommates looking for something far beyond the typical condo rental. The dramatic open-concept design gives this home its unmistakable loft character, with the upper-level bedrooms partially open to the main floor below, creating an airy sense of space across both levels. The generous main floor features large living and dining areas, a spacious kitchen, and an electric fireplace, while upstairs you'll find two well-sized bedrooms and a full bathroom. Ensuite laundry, underground parking for one car, and heat, hydro, and water included make everyday living exceptionally convenient. The location is hard to beat. Set at King & Shaw, you're steps from the King streetcar and surrounded by the restaurants, cafés, nightlife, shopping, and everyday conveniences of King West, with Liberty Village, Trinity Bellwoods, Queen West, parks, and the waterfront all within easy reach. It's the kind of neighbourhood where you can leave the car parked and enjoy the city right outside your door. Residents also enjoy concierge service, a well-equipped gym and cardio area, party/meeting room, and professional property management. An one-of-a-kind authentic open loft feel, parking, utilities included, and an unbeatable King West location that puts the very best of downtown Toronto at your doorstep.
Discover Niagara
Niagara 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 Niagara
- •Convenient location in Downtown Toronto / Waterfront
- •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
Niagara 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.
1029 King Street Unit 204, Downtown Toronto / Waterfront
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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 $3,700/mo, this is asking above the typical 2-bedroom rent of ~$2,900/mo in Downtown Toronto. 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.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Niagara
I know Niagara 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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.