$5,800/mo - 250 Wellington Street Unit PH36, Downtown Toronto
Condo for Rent in Downtown Toronto
Popular ListingNeighbourhood: Waterfront Communities C1
- MLS Number
- C13665608
- Property Type
- Condo
- Status
- active
- Days on Site
- 12
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- Century 21 Signature Service
A Rare Opportunity To Lease A True Downtown Penthouse That Checks Every Box! Penthouse #36 At Icon II Condominiums Is A Sun-Kissed And Spacious Suite Featuring A Stretched Floor Plan Of 1593 Sq Ft, 9' Ceilings, And Unique Features You Simply Don't Find In A Typical Condo. This True Penthouse Offers A Split-Bedroom Layout With Two Generous Bedrooms, Including A Principal Bedroom W/ A 6-Piece Ensuite And An Impressive 8' X 7' Walk-In Closet. It Features A Beautiful Kitchen With Classic Finishes, An Eat-In Breakfast Area, A Bright And Spacious Living/Dining Area Perfect For Entertaining, And A Fully Enclosed Den With French Doors, Ideal For A Home Office Or Optional 3rd Bedroom. Floor-To-Ceiling Windows Fill The Suite With Natural Light, While 2 Doors, 1 Of Them, A Sliding-Door Walkout Leads To An Impressive, Private, And Partially Covered L-Shaped Terrace With Outstanding Views Of The Toronto Skyline And The Iconic CN Tower. This Unit Features An Incredible Outdoor Space To Relax, Entertain, And Take In The City From Above. The Value Is Hard To Beat! This Penthouse Offers Truly All-Inclusive Living, With Heat, Water, And Hydro Included, Plus 1 Parking Space And An Extremely Rare 2 Lockers! Situated In The Heart Of Toronto's Entertainment District With A Walk Score Of 99. Steps From King West And An Easy Walk To The CN Tower, Rogers Centre, Ripley's Aquarium, TIFF Lightbox, Metro Toronto Convention Centre, The PATH, Union Station, The Financial District, Restaurants, Cafes, Shopping, Nightlife, And The Waterfront. With The King Streetcar Just Minutes Away And Union Station Within Walking Distance. Downtown Living Truly Doesn't Get Much More Convenient Than This! A Hard-To-Find Penthouse Offering Incredible Space, Iconic Views, Outdoor Living, Storage, Parking, Utilities, And An Unbeatable Downtown Location All In One Exceptional Lease!
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.
250 Wellington Street Unit PH36, 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 $5,800/mo, this is asking above the typical 3-bedroom rent of ~$3,500/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.
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.
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.