$7,000/mo - 218 Montrose Avenue, Downtown Toronto
Detached for Rent in Downtown Toronto
Popular ListingNeighbourhood: Palmerston-Little Italy
- MLS Number
- C13676216
- Property Type
- Detached
- Status
- active
- Days on Site
- 9
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Be the first to live in this beautifully renovated, detached house on a prime Little Italy Street. Rent includes all utilities! Tenant pays internet and cable. Offering flexible living for roommates or a single family, this large home features 5 bedrooms, 2 bathrooms, 2 decks, a large front porch, and ensuite laundry. For roommates, the layout offers five spacious bedrooms across two levels plus a living room and an eat in kitchen. For a family, the main floor can be configured with formal living and dining rooms, an eat-in kitchen and a family room, with three bedrooms upstairs. Thoughtfully renovated with modern finishes while preserving original character, 218 Montrose features refinished hardwood floors, stained and leaded glass, cove ceilings and striking modern lighting. The brand-new eat-in kitchen has stone counters, brand new stainless steel appliances, excellent storage and counter space, and a walkout deck. Two beautifully renovated bathrooms include rain showers, glass surrounds, modern vanities and beautiful tile work. Ideally located just steps from College Street, with easy access to the streetcar, local shops, cafés, restaurants, parks and schools. A vibrant, walkable neighbourhood with everything you need close by and convenient connections to the rest of the city.
Discover Palmerston-Little Italy
Palmerston-Little Italy 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 Palmerston-Little Italy
- •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
Palmerston-Little Italy 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.
218 Montrose Avenue, 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 $7,000/mo, this is asking above the typical 4-bedroom rent of ~$4,200/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.
Detached Home Advantages
Detached homes in Downtown Toronto are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Downtown Toronto.
About Palmerston-Little Italy
I know Palmerston-Little Italy 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.