$18,000/mo - 3 Concord Cityplace Way Unit PH8105, Downtown Toronto
Condo for Rent in Downtown Toronto
New — Listed 6 days ago- MLS Number
- C13425440
- Property Type
- Condo
- Status
- active
- Days on Site
- 6
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,250 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Exclusive
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- PROMPTON REAL ESTATE SERVICES CORP.
A truly exceptional luxury penthouse residence offering approximately 2,288 sq.ft. of interior living space plus 554 sq.ft. of private terraces, showcasing breathtaking panoramic views of the CN Tower, Rogers Centre, Toronto skyline, and Lake Ontario.This architecturally stunning two-storey residence features a dramatic double-height living space highlighted by a striking spiral staircase, creating an elegant focal point rarely found in condominium living. Floor-to-ceiling windows flood the home with natural light while framing some of Toronto's most iconic views.Featuring 3 bedrooms, a media room, and a separate den, this spectacular sky home offers expansive entertaining spaces, motorized window coverings throughout, and a luxurious upper-level primary retreat with spa-inspired ensuite and walk-in closet.Residents enjoy access to an exclusive private wine cellar and wine storage facility within the building. Completing this extraordinary offering is a highly coveted private enclosed double garage with one EV parking space and one additional parking space-an exceptionally rare feature in downtown Toronto.A trophy residence designed for the most discerning clientele seeking luxury, privacy, and unparalleled views in one of Toronto's premier waterfront communities.Bring your most discerning clients-this unit does not disappoint.
Estimate your monthly payments for this property
Estimated Payment
$92.35/mo
Includes CMHC insurance ($502)
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.
3 Concord Cityplace Way Unit PH8105, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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 $18,000/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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 Downtown Toronto.
Bathroom Count Matters
With 4 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.
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.