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Condo for Rent in Downtown Toronto
34 days on marketNeighbourhood: Niagara
- MLS Number
- C13586624
- Property Type
- Condo
- Status
- active
- Days on Site
- 34
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- REVEL REALTY INC.
Luxury penthouse living with a layout you won't find twice. This sun-drenched 2-bedroom suite spans over 1,000 sqft and features a floor plan rarely offered: two full washrooms plus a powder room for guests, a true standout in the neighbourhood. Wake up to breathtaking, unobstructed views of Lake Ontario, and unwind each evening with golden-hour sunsets washing over the city's west skyline through expansive floor-to-ceiling windows, all at the touch of a button with motorized electric blinds throughout. Finished to an exceptional standard: a chef-inspired kitchen with premium built-in stainless steel appliances, sleek stone countertops, and designer cabinetry. Both bedrooms offer generous proportions and custom closets with built-in drawer organizers thoughtful luxury at every turn. The primary bedroom has a king-size bedframe. The complete package includes 2 side-by-side parking spaces and a locker, an extremely rare combination in Liberty Village. Steps to King West restaurants, cafés, Metro, BMO Field, the waterfront trail, TTC streetcar and GO Transit, with quick access to the Gardiner.A one-of-a-kind opportunity for the discerning tenant who wants space, views, and convenience without compromise. Suites like this rarely come to market; book your private showing today.
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.
150 East Liberty Street Unit PH3, 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 $5,200/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.
Market Position
At 34 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.
Bathroom Count Matters
With 3 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 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.