$3,450/mo - 10 Morrison Street Unit 514, Downtown Toronto
Condo for Rent in Downtown Toronto
102 days on market- MLS Number
- C12850674
- Property Type
- Condo
- Status
- active
- Days on Site
- 102
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Live stylishly in this sophisticated 2-bedroom, 2-bathroom corner loft at Fashion District Lofts, a boutique low-rise inspired by the historic textile warehouses of Toronto's Fashion District. Located on peaceful Morrison St and cleverly set back from Richmond St W - a street with only one-way traffic and bike lanes - this soft-loft features authentic industrial elements including soaring 10-ft exposed concrete ceilings, concrete columns, engineered hardwood floors, and dramatic floor-to-ceiling windows that fill the space with natural light.The expansive open-concept layout offers a desirable split-bedroom floor plan for optimal privacy. The contemporary kitchen features granite countertops, subway tile backsplash, full-size stainless steel appliances, ample cabinetry, and a versatile granite breakfast bar with extra storage and seating for two. The living and dining areas span the entire north side of the loft and extend into the east corner, creating a bright and functional entertaining space framed by floor-to-ceiling wraparound windows that lead out to the private balcony. The dining area comfortably accommodates a 4-6 seater table, while the living area easily fits a large sectional and entertainment setup. Step outside to extend your living space and enjoy city views overlooking the revitalized St. Andrew's Park and playground. The primary bedroom features floor-to-ceiling windows with balcony views, a spacious walk-in closet, and a spa-inspired 4-piece ensuite. The second bedroom is enclosed with frosted glass sliding doors and includes a Murphy bed with built-in storage, allowing the space to easily function as a guest room, home office, gym, yoga studio, or nursery. A stylish 3-piece guest bathroom completes the interior. Parking and locker included! Directly across the street from the drool-worthy Waterworks Food Hall, St. Andrew's Park & Playground, a short stroll to the buzz-worthy Well and iconic King & Queen St W shopping and restaurants.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
10 Morrison Street Unit 514, 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 $3,450/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.
Negotiation Opportunity
At 102 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. 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 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.
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.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.