$30,000/mo - 183 Wellington Street Unit 4301, Downtown Toronto
Condo for Rent in Downtown Toronto
- MLS Number
- C13164194
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North West
- Balcony
- None
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
This fully furnished north-west corner residence offers approximately 2,600 square feet of refined luxury, thoughtfully curated for effortless, turnkey living. The highly sought-after split two-bedroom layout, complete with a separate family room, provides exceptional privacy and funtionality. Floor-to-ceiling windows showcase sweeping sunset views and the architectural beauty of Roy Thomson Hall. The interiors are sophisticated and inviting, featuring rich walnut herringbone flooring and a signature two-sided fireplace anchoring the open concept living and dining space. Designed for both everyday comfort and entartainiung, the chef's kitchen is equiped with quartz countertops, professional-grade Sub-Zero and Wolf appliances, and a Wine-cellar cooling system. The primary suite is a private retreat, complete with a spa-inspired 6-piece marble ensuite and an expansive walk-in closet. Residents enjoy the unparalleled lifestyle of The Ritz-Carlton Residences Toronto, including private residential entrance while maintaining full access to world-class hotel amenities: indoor saltwater pool, hot tub, sauna and steam rooms, dual fitness centeres, sky lobby with outdoor terrace and BBQ, 24-hour concierge, valet services, in-suite dining, and white-glove delivery of groceries and packages. Two-car parking and locker included. A rare opportunity tolease a fully furnished, turn-key residence offering the highest standard of urban luxury living.
Estimate your monthly payments for this property
Estimated Payment
$153.92/mo
Includes CMHC insurance ($837)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
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.
183 Wellington Street Unit 4301, 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 $30,000/mo, this is asking above the typical 3-bedroom rent of ~$3,500/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.
Market Position
At 21 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.