$3,350/mo - 386 Yonge Street Unit 1516, Downtown Toronto
Condo for Rent in Downtown Toronto
New — Listed 6 days agoNeighbourhood: Bay Street Corridor
- MLS Number
- C13508030
- Property Type
- Condo
- Status
- active
- Days on Site
- 6
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- EXP REALTY
Experience elevated downtown living at Aura at College Park, one of Toronto's most sought-after luxury residences. This bright and spacious 2-bedroom, 2-bathroom suite offers breathtaking panoramic views through expansive floor-to-ceiling windows, flooding the home with natural light throughout the day. Thoughtfully designed with a split-bedroom layout for maximum privacy, each bedroom features full swing doors, operable windows, and generous closet space, making the suite ideal for professionals, roommates, or small families.The open-concept living, dining, and kitchen area is surrounded by windows, creating an airy and inviting space perfect for entertaining or relaxing while enjoying spectacular city views. Step outside onto the private 75 sq. ft. balcony through sliding patio doors and take in Toronto's impressive skyline. The spacious primary bedroom features a private 4-piece ensuite, while the second full bathroom includes a modern glass-enclosed shower, providing convenience for guests or a second occupant.Perfectly positioned in the heart of downtown, Aura offers direct underground access to College Subway Station and College Park, with shopping, restaurants, grocery stores, cafés, and everyday conveniences just steps away. Walk to the University of Toronto, Toronto Metropolitan University (formerly Ryerson), the Financial District, Eaton Centre, Queen's Park, and many of Toronto's leading hospitals, making this one of the city's most convenient and connected locations.Residents enjoy access to over 40,000 sq. ft. of exceptional amenities, including the renowned Higher Ground Health Club and fitness centre, an expansive outdoor terrace with BBQs and lounge seating, theatre room, games rooms, party and meeting spaces, guest suites, and beautifully appointed indoor lounges. A 24-hour concierge provides security and convenience, completing the luxury lifestyle experience.
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.
386 Yonge Street Unit 1516, 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 $3,350/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.
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 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.