$3,250/mo - 550 Front Street Unit Ph17, Downtown Toronto
Condo for Rent in Downtown Toronto
35 days on marketNeighbourhood: Waterfront Communities C1
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- MLS Number
- C13739372
- Property Type
- Condo
- Status
- active
- Days on Site
- 35
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North South
- Balcony
- Terrace
- Listing Brokerage
- PMT REALTY INC.
*VIRTUAL TOUR LINK BELOW* Your Private Penthouse Oasis in the Heart of King West! Experience elevated downtown living in this beautifully designed One Bedroom + Den Penthouse, offering a unique three-level layout in one of Toronto's most sought-after neighbourhoods. Spanning 715 sq. ft. across two interior penthouse floors, this stunning residence is crowned by an incredible 300 sq ft. private rooftop terrace, creating the perfect urban retreat high above the city. Inside, you'll find modern finishes, an open and functional layout, and a versatile den ideal for a home office, guest space, or creative studio. Floor-to-ceiling windows fill the home with natural light, while the multi-level design offers a sense of separation and privacy rarely found in condominium living. Step outside to your exclusive rooftop terrace oasis, perfect for relaxing, entertaining friends, or hosting summer BBQs with spectacular city views. The suite also includes the convenience of an in-suite washer and dryer and one included parking space. Located in the vibrant King West/Fashion District, you'll be surrounded by Toronto's best restaurants, cafés, boutiques, entertainment venues, and nightlife. With the city's most exciting attractions just steps from your front door, you'll enjoy the ultimate balance of urban convenience and private penthouse luxury. Don't miss this rare opportunity to live in one of downtown Toronto's most desirable communities. Discover your new penthouse oasis at PH17, 550 Front Street West! https://my.matterport.com/show/?m=9psfMzk2Jgb
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.
550 Front Street Unit Ph17, 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 $3,250/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.
Market Position
At 35 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.
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 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.