$3,250/mo - 2 Augusta Avenue Unit 507, Downtown Toronto
Condo for Rent in Downtown Toronto
57 days on market- MLS Number
- C13020192
- Property Type
- Condo
- Status
- active
- Days on Site
- 57
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- Juliette
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
**PARKING & LOCKER INCLUDED** Welcome to unit #507 the Rush Condos, a modern boutique building in the heart of downtown Toronto, where urban living meets luxury and convenience! This stunning 2-bedroom, 2 full bathrooms suite, built in 2023, offers a spacious, open-concept design perfect for entertaining. Enjoy an abundance of natural light with the south facing windows, roller shades - black-out in primary bedroom, 9ft ceilings, sleek finishes, closet organizers, solid-core doors, and a contemporary kitchen with built-in appliances, ideal for creating delicious meals or gathering with friends. With PARKING and a LOCKER included, this unit is not just a home but an investment in your lifestyle. Amazing amenities include party room with dining area, kitchen & outdoor terrace with BBQ, exercise room, yoga/stretch area & climbing wall, pet wash area, and bicycle storage & maintenance area! Whether you're looking for an incredible place to live or a solid investment in one of Toronto's most sought-after neighbourhoods, this suite checks all the boxes. Perfectly located between the vibrant King Street West & Queen Street West neighbourhoods, with easy access to the streetcar, groceries, fine dining & cafes, trendy shops, hotels, YMCA & Goodlife, an off leash dog-park and the Waterworks Food Hall with 29 restaurants and bars! A short ride to the Financial District, universities & subway - and soon to be Ontario Line station at Queen & Spadina. Book your private showing today to experience the unbeatable amenities and exceptional lifestyle Rush Condos has to offer! Some photos are virtually staged.
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.
2 Augusta Avenue Unit 507, 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 $3,250/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 57 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 700 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.