$3,900/mo - 230 Simcoe Street Unit 2518, Downtown Toronto
Condo for Rent in Downtown Toronto
81 days on market- MLS Number
- C12930184
- Property Type
- Condo
- Status
- active
- Days on Site
- 81
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 LEADING EDGE CONDOSDEAL REALTY
Welcome to Artists' Alley at 230 Simcoe Street- one of three stunning towers in a landmark development in Toronto's vibrant cultural corridor. This 3-bedroom, 2-bath corner suite on the 25th floor delivers elevated city living with spectacular, unobstructed southwest-to-northwest panoramic views, capturing iconic sights including the CN Tower and city skyline. With 876 sq ft of thoughtfully designed interior space plus a spacious wraparound balcony, this bright, functional layout is ideal for medical professionals seeking proximity to Mount Sinai, Princess Margaret, and Toronto General Hospitals, legal and financial professionals working near Bay & King, students attending nearby University of Toronto, or families prioritizing style, comfort, and location. Enjoy floor-to-ceiling windows, 9-ft smooth ceilings, contemporary laminate flooring, and a stylish open-concept kitchen with integrated appliances, quartz countertops, and under-cabinet lighting. The split-bedroom layout ensures privacy, featuring a primary bedroom with a 4-pc ensuite and double closet, plus two additional bedrooms providing flexible space for family or shared living. Includes one underground parking spot. Premium amenities (currently under construction) will soon include a state-of-the-art fitness centre, rooftop terrace, elegant lounge areas, party room, and 24-hour concierge service. Located on Simcoe Street-quietly situated at the cul-de-sac off Queen Street-this unit offers enhanced tranquility, privacy, and safety compared to busier adjacent streets, while still being steps away from St. Patrick & Osgoode subway stations, OCAD, U of T, Financial & Entertainment Districts, major hospitals, the AGO, Eaton Centre, and much more. Transit Score: 100. Walk Score: 99. Live at the heart of everything, yet nestled in a serene pocket of downtown. This rare 3bedroom unit in a prestigious new building won't last-don't miss out!
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.
230 Simcoe Street Unit 2518, 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
Fairly Priced Rental
At $3,900/mo, this is in line with typical 3-bedroom rents in Downtown Toronto (~$3,500/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Negotiation Opportunity
At 81 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.
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.
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.