$3,800/mo - 8 Wellesley Street Unit 5111, Downtown Toronto
Condo for Rent in Downtown Toronto
New — Listed yesterdayNeighbourhood: Bay Street Corridor
- MLS Number
- C13523098
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- TRADEWORLD REALTY INC
* This Exquisite Brand-New 2-Bedroom Plus Study Corner Unit * Crafted By CentreCourt * Boasts A 99% Walk Score * Nestled At The Vibrant Corner Of Yonge And Wellesley * Steps From Wellesley Subway Station, Yorkvilles High-End Shopping, University Of Toronto, Toronto Metropolitan University, The Financial District, Yonge-Dundas Square, Eaton Centre and A Diverse Array Of Restaurants, Cafes and Entertainment * Featuring Sleek Laminate Flooring Throughout * A Designer Kitchen With Premium Built-In Appliances and Quartz Countertops * A Master Bedroom With A Luxurious Ensuite Bathroom and Spacious Closet For Ultimate Privacy * A Versatile Study Perfect For A Home Office Or Creative Space * Over 21,000 Sq. Ft. Of Premium Amenities Including A 24-Hour Concierge, State-Of-The-Art Fitness Centre, Yoga Studio, Indoor Sports Simulator, Co-Working Lounge, Party/Meeting Rooms And A Stunning Rooftop Terrace With BBQs * Panoramic City Views * With Direct Access To Toronto's TTC Network * A 15-Minute Commute To Union Station and Proximity To Gardiner Expressway & Don Valley Parkway * All While Immersed In The Cultural Vibrancy Of The Discovery District And Church-Wellesley Village Near The Art Gallery Of Ontario And Queens Park * Making This An Unparalleled Opportunity For Luxurious Urban Living In Downtown Toronto *
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.
8 Wellesley Street Unit 5111, 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 $3,800/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.
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.
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 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.