$4,200/mo - 5 Mariner Terrace Unit 3203, Downtown Toronto
Condo for Rent in Downtown Toronto
Popular ListingNeighbourhood: Waterfront Communities C1
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- C13838224
- Property Type
- Condo
- Status
- active
- Days on Site
- 8
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- Royal LePage Real Estate Associates, Bradica Group
Lake views, natural light and room to actually live in downtown Toronto all come together in this spacious corner suite. With 1,268 sq. ft., a 2+1 bedroom layout and south-west exposure, there is plenty of space to settle in comfortably. The open living and dining area connects easily to the kitchen, finished with quartz counters and stainless steel appliances, creating a bright, functional space for everything from weeknight dinners to having friends over.The primary bedroom features floor-to-ceiling windows, a walk-in closet and private 4-piece ensuite. A generous second bedroom, separate den and second full bathroom give you the flexibility for guests, a home office or extra living space. Step outside to the open balcony and take in the lake and city views, with spectacular sunrises over Lake Ontario bringing a sense of scale and beauty to every morning.The building adds a whole other layer to daily life, with access to the impressive three-level SuperClub offering everything from a 25m indoor pool and full fitness facilities to tennis, squash, bowling, a theatre, sauna, jacuzzi and rooftop entertaining space. There are also dedicated areas for kids and pets, BBQ space, visitor parking, a car wash station and four rentable guest suites. Parking and a locker are included, and with heat, hydro, water and central air covered in the lease, monthly living is refreshingly straightforward.The location makes it just as easy to get out and enjoy the city. The waterfront, Rogers Centre, Ripley's Aquarium, Scotiabank Arena, King West and the Financial District are all close at hand. Union Station connects you to GO, VIA and the UP Express, whether you are commuting to work, heading out for dinner or spending the weekend by the lake.
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.
5 Mariner Terrace Unit 3203, 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 $4,200/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.
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.
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 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.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.