$21,000/mo - 29 Queens Quay Unit 1304, Downtown Toronto
Condo for Rent in Downtown Toronto
141 days on market- MLS Number
- C12569896
- Property Type
- Condo
- Status
- active
- Days on Site
- 141
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 3,750 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Exclusive
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- RIGHT AT HOME REALTY
WORLD-CLASS PENTHOUSE! V.I.P EXECUTIVE RENTAL! RARE WATERFRONT TROPHY-SUITE WITH STAR-QUALITY! Truly, a one-of-a-kind, crème de la crème residence, offering the ultimate in luxury on the lake. Arguably, the most spectacular, condo rental in Toronto! Sprawling 4000 Sq. Ft, 3 views, huge patios, 10-ft ceilings, gallery foyer for your art & treasures, 4 spacious bedrooms, 3 spa baths, 42-ft Great Room, double-sided fireplace, dream kitchen, 32-ft breakfast balcony, storage galore, top Miele/Sub Zero appliances, ensuite gym area! Designer details: mood lighting, stylish chandeliers, motorized blinds, magazine décor. Stunning modern architecture, steel beams, wraparound windows, awash with natural light. Perfect elevation - front & centre location, in the middle of the glass arch connecting twin tower. Unobstructed, panoramic, SE vistas of the sparkling lake, plus jaw-dropping night views of Toronto's dazzling skyline to the North. Massive 60-ft, 900 SQ. Ft. sundeck, your private urban oasis for relaxing & watching the boats glide by. Entertainer's delight! Terrace is fully equipped with a king-size chef's BBQ, rolling umbrellas, dining table & chairs, stylish loungers. Can accommodate 50-100 guests for glam, alfresco cocktail parties & celebrating life's milestones. Ideal for sports celebrity, media mogul, business notable, or a corporate transfer who wants the best! Live the dream in Toronto's glittering Harbourfront. Enjoy acres of park, miles of beaches & trails. Stroll to everything that matters. Near nature, cafes, Michelin fine-dining, groceries, LCBO, posh shops, hotels, festivals, theatres, ferry docks, Island Airport and 5 min. from Bay Street & the bustling financial core. First-class building amenities: 24-hr security, fantastic concierges, elegant party room, resort-style pool, fitness centre & more. Don't miss this one. Perfection is hard to find. This magnifient condo sky-mansion is as good as it gets! Beyond awesome! Floor Plan & Tour attached.
Estimate your monthly payments for this property
Estimated Payment
$107.74/mo
Includes CMHC insurance ($586)
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.
29 Queens Quay Unit 1304, 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 $21,000/mo, this is asking above the typical 4-bedroom rent of ~$4,200/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 141 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.
Larger Home Realities
At 3,750 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
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.