$5,100/mo - 5 Collahie Street, Downtown Toronto
Townhouse for Rent in Downtown Toronto
New — Listed yesterdayNeighbourhood: Little Portugal
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- MLS Number
- C14032592
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- RE/MAX ULTIMATE REALTY INC.
Architect-Designed, Fully Renovated 3 Bed, 2 Bath Victorian Row House in Little Portugal. Available for Move In Immediately. Original Victorian character meets a top to bottom modern renovation in this 2 storey, brick front row house. Step into an open concept living/dining room where high ceilings, original ceiling medallions and stained glass windows fill the space with natural light, over hardwood floors with pot lights, pendant lighting and a wall of sleek built in storage. The chef inspired galley kitchen boasts high gloss white cabinetry, dark stone counters, a glass subway tile backsplash and stainless steel appliances, including a Fisher & Paykel French door fridge, brand new gas range and Bosch dishwasher. A bright rear sunroom with a built in bench walks out to a fully fenced, south facing cedar deck with built in planters, bench seating and a mature shade tree, your own private urban retreat. Upstairs, the primary bedroom boasts a bay window and a full wall of built in wardrobes, joined by two more bedrooms, ductless A/C and a 4 pc bath with a marble tile tub surround. The finished lower level adds a bright rec room, a 3 pc bath with a glass walk in shower, a dedicated laundry room with a full size Miele washer and dryer, and plenty of storage. Steps to Dufferin Grove Park, with Trinity Bellwoods Park, the Ossington strip, the Drake and Gladstone House and Dundas West's cafés, galleries and shops all at your doorstep. Steps to the 505 Dundas streetcar and a short walk to the 501 Queen. Don't miss this one.
Discover Little Portugal
Little Portugal 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 Little Portugal
- •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
Little Portugal 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.
5 Collahie Street, 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 $5,100/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.
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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Downtown Toronto have shown strong appreciation as families seek more space.
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 Little Portugal
I know Little Portugal 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.