$3,100/mo - 20 Edward Street Unit 2319, Downtown Toronto
New Construction for Rent in Downtown Toronto
134 days on market- MLS Number
- C12812584
- Property Type
- New Construction
- Status
- active
- Days on Site
- 134
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Welcome to Panda Condos a striking new addition to Torontos downtown core. This brand-new, never-lived-in 2-bedroom + den, 2-bath suite offers approx. 826 sq ft of thoughtfully designed interior space, plus a 47 sq ft balcony for those quiet moments above the city buzz.With rare 10-ft ceilings (most units top out at 9), floor-to-ceiling windows, and wood floors throughout, the space feels elevated, airy, and effortlessly modern. The den is generously sized and easily functions as a third bedroom, home office, or flex space whatever your lifestyle calls for.Enjoy bright north and east exposures, overlooking the vibrant Toronto Metropolitan University campus. Top of the line amenities: 24hr Concierge. The Amenities Include A Gym, Billiard, Ping-Pong, Theatre, Study & Party Rooms. Yoga Studio. Outdoor Basketball Court, Barbecues & Lounge Areas. Located right next to T&T grocery store, just minutes to the Eaton Centre, TTC subway, Sankofa Square, and some of the best dining, culture, and nightlife in the city.
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.
20 Edward Street Unit 2319, 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 $3,100/mo, this is priced below the typical 3-bedroom rent of ~$3,500/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 134 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.
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.
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.
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.