$2,545/mo - 38 Stewart Street Unit 703, Downtown Toronto
Condo for Rent in Downtown Toronto
New — Listed 2 days agoNeighbourhood: Waterfront Communities C1
- MLS Number
- C13702448
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX PRESIDENT REALTY
Spacious 580 Sq. Ft. South-Facing One-Bedroom In The Heart Of King West! Step outside and the King Street streetcar is right at your door, with Earls across the street, Oretta just steps away and some of Toronto's best restaurants, cafés and nightlife surrounding you. Walk to The Well, the Theatre and Entertainment Districts, Financial District and waterfront, or jump onto the Gardiner in minutes when you need to get out of town. Everything you need is truly at your doorstep. Located in the sought-after Thompson Residences, this bright and exceptionally comfortable suite offers a well-designed open-concept layout with soaring exposed concrete ceilings, floor-to-ceiling south-facing windows and wide-plank hardwood flooring. The desirable south exposure provides abundant natural light, while the generous 580 sq. ft. layout offers noticeably more living space than many one-bedroom suites in the neighbourhood. The modern kitchen features stone countertops, stainless steel appliances and sleek European-inspired cabinetry, opening seamlessly into the spacious living and dining area. The generous bedroom offers excellent closet space, while the private balcony provides additional outdoor living space. Residents enjoy exceptional amenities including the iconic rooftop pool and terrace, fitness centre, concierge and stylish resident spaces. An unbeatable King West location with TTC at your doorstep and easy access to The Well, STACKT Market, Waterworks Food Hall, Trinity Bellwoods, downtown offices, Billy Bishop Airport and the Gardiner Expressway. The future King-Bathurst Ontario Line station will provide even greater rapid-transit connectivity. Spacious. South-facing. 580 sq. ft. And right in the heart of King West. Furnished Option Available for 2,845 per month.
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.
38 Stewart Street Unit 703, 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
Fairly Priced Rental
At $2,545/mo, this is in line with typical 1-bedroom rents in Downtown Toronto (~$2,300/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 500 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 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.