$2,500/mo - 88 Colgate Avenue Unit PH01, Leslieville
Condo for Rent in Leslieville
63 days on marketNeighbourhood: South Riverdale
- MLS Number
- E13084272
- Property Type
- Condo
- Status
- active
- Days on Site
- 63
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Riverdale / Leslieville
- Locker
- None
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- RE/MAX ULTIMATE REALTY INC.
Soaring 12-foot ceilings and a signature reclaimed brick feature wall define this rare penthouse 1 bed, 1 bath loft at the coveted Showcase Lofts, available July 1. This top floor sanctuary is flooded with natural light from a unique skylight and floor to ceiling windows, highlighting rich hardwood floors and a chef-inspired kitchen equipped with premium stainless steel appliances and a gas stove. Step out onto the expansive north-facing private balcony to enjoy quiet city views, an ideal setting for outdoor relaxation or entertaining. Residents of this boutique building benefit from exceptional amenities, including a professional gym, media room, party/meeting room, and visitor parking. Perfectly positioned in the heart of Leslieville, you are steps away from the city's most celebrated cafes, award-winning dining, and boutique shopping on Queen East. With transit and lush neighborhood parks right at your doorstep, this penthouse offers an unparalleled blend of industrial character and modern luxury for the discerning urban renter.
Discover South Riverdale
South Riverdale 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 South Riverdale
- •Convenient location in Riverdale / Leslieville
- •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
South Riverdale 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.
88 Colgate Avenue Unit PH01, Riverdale / Leslieville
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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
Fairly Priced Rental
At $2,500/mo, this is in line with typical 1-bedroom rents in Leslieville (~$2,300/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Negotiation Opportunity
At 63 days on site, this property has exceeded the typical selling timeline for Leslieville. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 500 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 South Riverdale
I know South Riverdale 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.