$5,500/mo - 244 Waterloo Avenue, North York
Detached for Rent in North York
133 days on market- MLS Number
- C12529144
- Property Type
- Detached
- Status
- active
- Days on Site
- 133
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- North York (Bathurst Manor / Clanton Park)
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
For Lease - Incredible & Rare Double Lot Bungalow in the Heart of Toronto! Don't miss this exceptional opportunity to lease a truly unique home in one of Toronto's most desirable neighborhoods. Situated on a rare double lot, this expansive bungalow offers exceptional space, comfort, and versatility-perfect for families, professionals, or multigenerational living. Featuring 4+1 spacious bedrooms and 3+1 bathrooms, this home provides an ideal layout for both everyday living and entertaining. Enjoy effortless parking with a 2-car garage and a driveway accommodating up to 4 vehicles. The bright and thoughtfully designed layout ensures seamless flow throughout, and the home can easily be adapted for accessible living, providing long-term comfort and convenience for all residents. Set in the heart of Toronto, this rare bungalow combines suburban tranquility with unbeatable access to city amenities-top schools, parks, shopping, and transit all within minutes. Whether you're looking to expand your family, downsize without compromise, or simply enjoy spacious single-level living, this home delivers unmatched value and flexibility. Homes like this are rarely available for lease in the GTA-act fast before it's gone!
Discover North York (Bathurst Manor / Clanton Park)
North York (Bathurst Manor / Clanton Park) 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 North York (Bathurst Manor / Clanton Park)
- •Convenient location in North York (Bathurst Manor / Clanton Park)
- •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
North York (Bathurst Manor / Clanton Park) 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.
244 Waterloo Avenue, North York (Bathurst Manor / Clanton Park)
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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 $5,500/mo, this is asking above the typical 4-bedroom rent of ~$4,200/mo in North York. 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 133 days on site, this property has exceeded the typical selling timeline for North York. 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.
Detached Home Advantages
Detached homes in North York are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in North York.
Bathroom Count Matters
With 5 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.