$3,900/mo - 16 Yonge Street Unit 3808, Downtown Toronto
Condo for Rent in Downtown Toronto
Neighbourhood: Waterfront Communities C1
- MLS Number
- C13464996
- Property Type
- Condo
- Status
- active
- Days on Site
- 18
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Exclusive
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX REALTRON MARIUS MITROFAN GROUP
Luxury Sub-Penthouse Living at 16 Yonge Street - Toronto's Waterfront District. Experience an exceptional opportunity to lease this stunning 2-Bedroom + Den Sub-Penthouse in one of Toronto's most sought-after waterfront communities. Offering approximately 1,100 sq. ft. of elegant living space, this bright and spacious residence combines luxury, convenience, and breathtaking views. Enjoy floor-to-ceiling windows, soaring 9-foot ceilings, a private balcony, parking, and a storage locker. Take in spectacular unobstructed west-facing views of the CN Tower, Lake Ontario, and Toronto's dazzling skyline. Natural light floods the open-concept living area, creating a warm and inviting atmosphere ideal for professionals, executives, or roommates seeking an upscale downtown lifestyle. The spacious primary suite features a spa-inspired ensuite complete with a luxurious Jacuzzi tub, providing the perfect retreat after a busy day. Located in the heart of Toronto's vibrant waterfront, you're just steps from Union Station, the PATH network, Scotiabank Arena, Rogers Centre, Harbourfront Centre, Sugar Beach, the Ferry Terminal to the Toronto Islands, and Toronto's Financial District. Enjoy immediate access to world-class dining, cafés, waterfront trails, parks, entertainment venues, grocery stores, and premium fitness facilities. Commuting is effortless with TTC, GO Transit, VIA Rail, and direct access to the Gardiner Expressway and Lakeshore Boulevard. Walk to major employers, Bay Street offices, and some of Toronto's best restaurants, theatres, and cultural attractions. This is a rare opportunity to enjoy luxury waterfront living with every urban convenience at your doorstep. Don't miss your chance to call this remarkable residence home.
Discover Waterfront Communities C1
Waterfront Communities C1 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 C1
- •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
Waterfront Communities C1 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.
16 Yonge Street Unit 3808, 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
Fairly Priced Rental
At $3,900/mo, this is in line with typical 3-bedroom rents in Downtown Toronto (~$3,500/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Market Position
At 18 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.
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.
About Waterfront Communities C1
I know Waterfront Communities C1 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.