$5,295/mo - 188 Cumberland Street Unit 306, Yorkville
New Construction for Rent in Yorkville
94 days on marketNeighbourhood: Annex
- MLS Number
- C12882746
- Property Type
- New Construction
- Status
- active
- Days on Site
- 94
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 800 sqft
- Neighbourhood
- Annex / Yorkville / Summerhill
- Locker
- None
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE TERREQUITY REALTY
Exquisite executive residence in the heart of Yorkville, defined by soaring 12-foot ceilings and dramatic walls of windows that flood the space with natural light. One of the building's most coveted features, this suite boasts an exceptionally rare private terrace - offered in only a select handful of residences - creating a seamless extension of indoor-outdoor living in the city's most prestigious neighbourhood. A sleek and functional open-concept living & dining area offers effortless flow, ideal for both everyday living and elegant entertaining. The chef's kitchen features a generous centre island, built-in appliances, and ample storage. The spacious primary bedroom boasts a wall-to-wall closet, a 4-piece ensuite, and a walkout to the terrace. Fully furnished and flawlessly styled, this suite is ready for you to move in and enjoy immediately. Perfect as a sophisticated pied-à-terre for the executive or international traveller, the residence is complemented by hotel-inspired concierge service, valet parking, and refined building amenities including a gym, indoor pool, BBQ terrace, billiards lounge, and more. Just steps from Toronto's world-renowned Mink Mile, Yorkville's luxury boutiques, celebrated fine dining, and cultural landmarks.
Discover Annex
Annex 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 Annex
- •Convenient location in Annex / Yorkville / Summerhill
- •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
Annex 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.
188 Cumberland Street Unit 306, Annex / Yorkville / Summerhill
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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 $5,295/mo, this is asking above the typical 1-bedroom rent of ~$2,300/mo in Yorkville. 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 94 days on site, this property has exceeded the typical selling timeline for Yorkville. 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.
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 Annex
I know Annex 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.
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.