$2,150/mo - 195 McCaul Street Unit 714, Downtown Toronto
Condo for Rent in Downtown Toronto
158 days on market- MLS Number
- C12722558
- Property Type
- Condo
- Status
- active
- Days on Site
- 158
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE CONNECT.CA REALTY
Experience the pinnacle of urban sophistication in this brand-new, never-lived-in hard loft at the recently completed Bread Company Condos. This east-facing, 515-square-foot suite features a versatile one-bedroom plus den layout, where the spacious den serves as a perfect home office or a functional second bedroom. The interior showcases premium developer upgrades throughout, highlighted by 9-foot exposed concrete ceilings, signature loft-style feature walls, and floor-to-ceiling windows that bathe the open-concept living space in natural light. The chef-inspired kitchen is equipped with sleek European-style cabinetry, high-end stainless steel appliances, and a gas cooktop, providing a perfect blend of modern luxury and industrial character. Situated at 195 McCaul Street, this residence boasts an unparalleled location in the heart of Toronto's medical and academic hub. Residents are just steps away from the University of Toronto, Queen's Park, and the Queen's Park subway station, offering effortless connectivity to the entire city. The building is positioned immediately adjacent to "Hospital Row," including Mount Sinai, SickKids, and Toronto General, making it a premier choice for healthcare professionals and faculty. Beyond its institutional convenience, the building is just meters from the trendy cafes and boutiques of Baldwin Street and Kensington Market. Residents also benefit from world-class building amenities, including a 24-hour concierge, a state-of-the-art fitness centre, a rooftop skypark with BBQs, and on-site visitor parking, ensuring a truly elite lifestyle in one of Toronto's most vibrant neighborhoods.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
195 McCaul Street Unit 714, 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
Competitive Rent
At $2,150/mo, this is priced below the typical 2-bedroom rent of ~$2,900/mo in Downtown Toronto. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Negotiation Opportunity
At 158 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 500 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.
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.