$2,900/mo - 35 Balmuto Street Unit 503, Downtown Toronto
Condo for Rent in Downtown Toronto
Neighbourhood: Bay Street Corridor
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- C13796070
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North West
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Elite Executive Living, Experience the rare combination of high-rise luxury and low-rise boutique privacy at the prestigious Uptown Residences. Spanning an expansive and highly functional 730 square feet, this premium 1-bedroom, 1-bathroom residence is tailored for professionals who refuse to compromise on space, finish, or privacy. Located on an exclusive, low-density floor with only 3 residences, enjoy unmatched peace and quiet. Skip the high-rise morning rush with a premium, semi-private 2-elevator service that delivers you to your door almost instantly-giving you the intimate feel of a boutique building with all the security and 24-hour concierge perks of a world-class luxury tower. Step onto stunning premium flooring and into an open-concept living area bathed in light. The chef's kitchen boasts top-tier integrated appliances, stone countertops, and premium finishes. A 100 Walk Score puts you steps from Yorkville's luxury shopping, the Manulife Centre, University of Toronto, the Hospital District, and direct indoor/underground access to the Bloor-Yonge subway lines. 24-Hour Concierge, Elite Fitness Centre, Yoga Studio, Virtual Golf, Theatre Room, and Meticously Maintained Lounges.
Discover Bay Street Corridor
Bay Street Corridor 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 Bay Street Corridor
- •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
Bay Street Corridor 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.
35 Balmuto Street Unit 503, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $2,900/mo, this is asking above the typical 1-bedroom rent of ~$2,300/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 20 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.
Efficient Living
At 700 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.
About Bay Street Corridor
I know Bay Street Corridor 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.