$3,700/mo - 33 Bay Street Unit 508, Downtown Toronto
New Construction for Rent in Downtown Toronto
New — Listed 7 days ago- MLS Number
- C13415992
- Property Type
- New Construction
- Status
- active
- Days on Site
- 7
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Welcome to a rare opportunity in the heart of downtown Toronto a stunning corner suite designed for those who truly value outdoor living. The star of the show is the massive 400 sq ft wraparound terrace, offering a serene, functional extension of your living space that's perfect for entertaining, relaxing, gardening, or simply soaking up the panoramic south-facing views of the lake and city skyline. Inside, this 2-bedroom + den, 2-bathroom suite features floor-to-ceiling windows that flood the interior with natural light, a modern kitchen with stainless steel appliances and sleek finishes, and a smart layout that balances comfort and style. Enjoy top-tier connectivity with Union Station, Scotiabank Arena, the Gardiner Expressway, TTC, and GO Transit all just steps away an absolute dream for commuters. The suite also comes with one P2-level parking spot. Building Amenities include: 24-hour concierge; Guest suites, 2 movie theatres, 2 business centres; Tennis court, running track; The exclusive 30,000 sq ft Pinnacle Club with a fitness and weight centre; Multi-use basketball and squash courts70-ft indoor lap pool, 2 jacuzzi, sauna and steam rooms; Party room, banquet hall, lounges, and a games room with billiards and ping pong; This is not just a condo its a lifestyle for those who want the luxury of indoor comfort with the added bonus of a truly rare, oversized private outdoor space. Vacant & available immediately.
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.
33 Bay Street Unit 508, 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 $3,700/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.
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.
Efficient Living
At 900 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.
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.