$4,800/mo - 7 Grenville Street Unit 6005, Downtown Toronto
Condo for Rent in Downtown Toronto
New — Listed 2 days agoNeighbourhood: Bay Street Corridor
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- C13860744
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Perched in the Penthouse Collection at Yonge and College, this rarely available corner suite pairs 10 foot ceilings and floor-to-ceiling windows with a fully private, wraparound terrace and breathtaking views from every single window of the unit. 1,736 total square feet in total including 482 square feet of outdoor space. Southeast-to-northwest exposure brings in sunrises year-round and terrace sunsets all summer long. Inside, three well-proportioned bedrooms - two with walk-in closets, one with a double-width reach-in - sit alongside two full bathrooms, one fully accessible with a shower and tub combination, while the open-concept living, dining, and kitchen area is finished with a full-size Miele kitchen and wide-strip hardwood flooring. Heating and cooling run year-round, controlled independently by the resident. A protected parking spot - walled on one side, posted on the other - comes with two side-by-side owned lockers in a flat-entry locker room of just six units. Building amenities rival a resort: a 66th-floor sky lounge and indoor infinity pool with views over Lake Ontario and the CN Tower, a steam room, gym, dance studio, ping pong room, 7th-floor lounge and BBQ patio, 64th-floor party room, 24-hr concierge, and a dedicated bike room with its own elevator. With a 100% walk score, two universities, four hospitals, and everyday essentials all sit within walking distance, alongside the 506 College streetcar, 97 Yonge bus, and College subway station - all within a block.
Discover Bay Street Corridor
Bay Street 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 Bay Street Corridor
- •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
Bay Street 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.
7 Grenville Street Unit 6005, 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 $4,800/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.
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 Bay Street Corridor
I know Bay Street 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.