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Condo for Rent in Downtown Toronto
New — Listed 6 days agoNeighbourhood: Waterfront Communities C1
- MLS Number
- C13684988
- Property Type
- Condo
- Status
- active
- Days on Site
- 6
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
A rare podium penthouse with a terrace that steals the show! Welcome to a truly unique split 2-bedroom, 2-bathroom podium penthouse offering an exceptionally wide layout designed to maximize natural light, views and outdoor living. Stretching an impressive 44 + feet wide, wall-to-wall windows frame sweeping city and lake views, while three separate walk-outs connect the suite to its spectacular panoramic terrace. And what a terrace it is! Nearly half the size of the interior living space, this remarkable outdoor retreat dramatically extends your living and entertaining space. Dine alfresco, lounge in the sun, entertain a crowd or simply take in the skyline and lake views. With a gas line and BBQ already in place, summer entertaining couldn't be easier. Even better, this is one of only five suites in the entire building with a terrace, a genuinely rare offering. Inside, the split-bedroom floor plan provides excellent separation and privacy, complemented by two full bathrooms. The spacious kitchen features abundant storage and a large centre island that's equally suited to casual meals, entertaining or everyday prep. Most appliances have been recently replaced, including the stove and microwave, along with a premium full-sized LG washer and dryer. Step outside to some of Toronto's best recreation, including Martin Goodman Trail, Coronation Park, Stadium Road Park and Little Norway Park, with the waterfront and National Yacht Club just moments away. Enjoy quick access to Billy Bishop Airport, Liberty Village, King West, TTC and major highways, putting downtown and beyond within easy reach. Loblaws, Shoppers, LCBO and more are less than 10 minutes away. Wide. Bright. Private. Panoramic. And an outdoor space that's almost impossible to replicate. This is condo living with room to breathe.
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.
90 Stadium Road Unit 905, 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 $4,995/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 800 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.