$4,200/mo - 8 Wellesley Street Unit 5508, 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
- C13806626
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- ELITE CAPITAL REALTY INC.
Welcome to Unit 5508 at 8 Wellesley St W - a spacious 3+1 bedroom, 2-bathroom residence offering over 1,000 sq. ft. of living space high above the heart of downtown Toronto. Located on the 55th floor, this bright and thoughtfully designed suite features large windows with spectacular unobstructed city and lake views, filling the home with natural light. The functional open-concept layout offers generous living space, three well-proportioned bedrooms plus a versatile glass-enclosed den ideal for a home office, study or additional living space. Modern kitchen features sleek cabinetry, quartz countertops, built-in appliances and contemporary finishes. Two full bathrooms provide added convenience for families, roommates or professionals sharing the space. Situated in an unbeatable downtown location just steps to Wellesley Subway Station, U of T, Yorkville, hospitals, restaurants, shopping, groceries and everything the city has to offer. An exceptional combination of space, views and convenience that's increasingly hard to find downtown. One parking space available for an additional $150/month.
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 5508, 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
Fairly Priced Rental
At $4,200/mo, this is in line with typical 4-bedroom rents in Downtown Toronto (~$4,200/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
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.
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.
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.