$15,000/mo - 50 Charles Street Unit 5501, Cabbagetown
Condo for Rent in Cabbagetown
Neighbourhood: Church-Yonge Corridor
- MLS Number
- C13628022
- Property Type
- Condo
- Status
- active
- Days on Site
- 23
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,800 sqft
- Neighbourhood
- Regent Park / Cabbagetown / St. James Town
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Experience elevated urban living in this one-of-a-kind penthouse residence at the prestigious CASA III, ideally located in the heart of Yonge & Bloor. This exceptional suite offers 2 spacious bedrooms, each with its own private ensuite bathroom, and is complemented by an extraordinary 500 sqft wraparound balcony with exposures to the south, east, and west. Enjoy breathtaking, unobstructed panoramic views of the Toronto skyline and Lake Ontario from every angle! Designed to maximize indoor-outdoor living, every principal room features direct walkout access to the expansive terrace, flooding the home with natural light and creating a seamless connection to the spectacular outdoor space. Residents enjoy 24-hour concierge service and exclusive access to CASA III's luxury Club House amenities including a rooftop lounge and BBQ area, outdoor pool, gym/yoga room, party room, meeting room and dining lounge. Located just steps from Yonge-Bloor subway station and TTC transit, this premier address offers unmatched convenience with easy access to world-class shopping, renowned restaurants, entertainment, downtown colleges and universities. One parking and two lockers included!
Estimate your monthly payments for this property
Estimated Payment
$76.96/mo
Includes CMHC insurance ($419)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Church-Yonge Corridor
Church-Yonge 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 Church-Yonge Corridor
- •Convenient location in Regent Park / Cabbagetown / St. James Town
- •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
Church-Yonge 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.
50 Charles Street Unit 5501, Regent Park / Cabbagetown / St. James Town
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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 $15,000/mo, this is asking above the typical 2-bedroom rent of ~$2,900/mo in Cabbagetown. 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 23 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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Church-Yonge Corridor
I know Church-Yonge 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.