$25,000/mo - 1315 Bay Street Unit 1703, Yorkville
Condo for Rent in Yorkville
42 days on marketNeighbourhood: Annex
- MLS Number
- C13554654
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- None
- Exposure
- West
- Balcony
- Juliette
- Listing Brokerage
- INSIDER CONDOS INC.
Lease-to-Own Opportunity at 50 Scollard - $25,000 Per Month. Welcome to Suite 1703, an exceptional 1,306 sq. ft. luxury residence in the heart of Yorkville, one of Toronto's most prestigious and sought-after neighbourhoods. A rare lease-to-own opportunity, this expansive suite offers the chance to enjoy luxury living today while working toward ownership. Lease payments of **$25,000 per month** will be credited toward the purchase, making this an ideal option for qualified buyers seeking flexibility. This thoughtfully designed residence features soaring 10-foot smooth ceilings, premium finishes, and stunning west-facing views within an exclusive boutique-style tower. Managed by The Forest Hill Group, this distinguished 41-storey residence offers an unparalleled lifestyle with world-class amenities, including 24-hour valet service, state-of-the-art fitness facilities, an indoor/outdoor pool, sauna and steam rooms, elegant resident lounges, private dining and entertaining spaces, executive boardrooms, a pet spa, car wash facility, wine storage club, porter services, and an on-site restaurant. Perfectly positioned in Yorkville, 50 Scollard places you steps from Toronto's finest luxury boutiques, renowned restaurants, cafés, art galleries, and cultural attractions, while offering convenient access to transit and the downtown core. A rare opportunity to secure a substantial luxury residence in one of Toronto's most exclusive addresses through a flexible lease-to-own program.
Estimate your monthly payments for this property
Estimated Payment
$128.26/mo
Includes CMHC insurance ($698)
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 Annex
Annex 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 Annex
- •Convenient location in Annex / Yorkville / Summerhill
- •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
Annex 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.
1315 Bay Street Unit 1703, Annex / Yorkville / Summerhill
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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 $25,000/mo, this is asking above the typical 2-bedroom rent of ~$2,900/mo in Yorkville. 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.
Market Position
At 42 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
About Annex
I know Annex 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.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.