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Condo for Rent in Downtown Toronto
38 days on marketNeighbourhood: Waterfront Communities C1
- MLS Number
- C13573230
- Property Type
- Condo
- Status
- active
- Days on Site
- 38
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Ensuite
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Experience effortless luxury in this exceptional 2-Bedroom | 3-Bathroom townhome on Toronto's waterfront. Featuring one underground parking space with direct private access and a private elevator servicing every level, this residence offers a level of convenience and accessibility rarely found. Offering over 2,200 sq. ft. of beautifully designed living space, it is ideally positioned within the residences, to enjoy enhanced privacy, superior views, and minimal exposure to public walkways. The elegant living room is anchored by a gas fireplace and opens onto a private terrace with peaceful side-lake views, or family barbeques !The chef-inspired Downsview kitchen is appointed with built-in Miele appliances, a pantry, breakfast bar, granite countertops, premium finishes, and hardwood flooring throughout. Soaring 10-foot ceilings, spacious principal rooms, luxurious bathrooms, and a large laundry room with additional storage provide exceptional comfort and functionality, while the versatile lower level is ideal as a home office, gym, or mudroom. Residents enjoy an outstanding collection of resort-inspired amenities, including an indoor/outdoor swimming pool, Sauna, an elegant party room, 24-hour security, car wash, and an exceptional selection of premium amenities designed to elevate everyday living. Perfectly located on Toronto's iconic waterfront, just steps to Sugar Beach, St. Lawrence Market, Union Station, Rogers Centre, waterfront trails, restaurants, shopping, and convenient highway access. A rare opportunity to live on Toronto's waterfront, that seamlessly combines privacy, convenience, sophisticated design, and an exceptional waterfront lifestyles
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.
29 Queens Quay Unit TH-113, 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 $7,200/mo, this is asking above the typical 2-bedroom rent of ~$2,900/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.
Market Position
At 38 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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.