$26,800/mo - 500 Queens Quay Unit Ph01E, Downtown Toronto
Condo for Rent in Downtown Toronto
Neighbourhood: Waterfront Communities C1
- MLS Number
- C13615388
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 3,750 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- SMART SOLD REALTY
An Extraordinary Waterfront Masterpiece At The Prestigious 500 Queens Quay W. Offering Approx. 3,800 Sq. Ft. Of Exquisitely Renovated Living Space With Coveted Southeast Exposure, This Remarkable 3+1 Bedroom Residence Features Three Private Ensuites, Timeless Designer Finishes And Impeccable Craftsmanship Throughout. Floor-To-Ceiling Walls Of Glass Capture Unparalleled Panoramic Views Of Lake Ontario, The Toronto Islands, Marina, Billy Bishop Airport And The Iconic City Skyline. Expansive Principal Rooms Flow Effortlessly To A Rare Private Waterfront Terrace, Creating An Exceptional Setting For Refined Entertaining And Everyday Living. Two Elegant Fireplaces, One On Each Level, Add Warmth And Architectural Elegance. The Bespoke Chef's Kitchen Showcases Premium New Appliances, Custom Cabinetry, Luxurious Stone Countertops And Extensive Storage. Rich Hardwood Flooring And Abundant Natural Light Enhance Every Space. The Main Level Offers A Private 1+1 Guest Suite With A Beautiful Ensuite And Tranquil Lake Views. Upstairs, The Spectacular Primary Retreat Features Separate His & Hers Walk-In Closets, A Private Sauna And A Lavish 6-Piece Spa-Inspired Ensuite. Every Bedroom Enjoys Its Own Private Ensuite, Delivering Exceptional Comfort And Privacy. Includes Three Premium Parking Spaces And One Oversized Locker. Residents Enjoy White-Glove Concierge, Fitness Centre, Rooftop Terrace, Party & Meeting Rooms, Visitor Parking, 24-Hour Security And Direct Access To Toronto's Vibrant Waterfront. A Truly Once-In-A-Generation Offering Reserved For The Most Discerning Buyer Seeking An Iconic Waterfront Residence Defined By Unrivalled Luxury, Timeless Elegance And World-Class Panoramic Views. The Unit Is Partially Furnished.
Estimate your monthly payments for this property
Estimated Payment
$137.50/mo
Includes CMHC insurance ($748)
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 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.
500 Queens Quay Unit Ph01E, 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 $26,800/mo, this is asking above the typical 4-bedroom rent of ~$4,200/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.
Market Position
At 26 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.
Larger Home Realities
At 3,750 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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.