$1,800/mo - 38 Iannuzzi Street Unit 511, Downtown Toronto
Condo for Rent in Downtown Toronto
32 days on market- MLS Number
- C13131348
- Property Type
- Condo
- Status
- active
- Days on Site
- 32
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Experience stylish downtown living in this bright and modern studio featuring an oversized private balcony overlooking a quiet courtyard. Perfectly located in the heart of the city, just steps from the waterfront, scenic parks, beaches, and popular bike and skating trails - with the best of downtown right at your doorstep. This thoughtfully designed unit offers an open, functional layout with soaring 9-foot smooth ceilings and floor-to-ceiling natural light. The sleek contemporary kitchen is equipped with integrated full-size premium stainless steel appliances, granite countertops, designer backsplash, tall cabinetry, and under-cabinet lighting. Modern laminate flooring flows throughout, while the spacious spa-inspired bathroom includes generous shelving and storage. Ensuite front-load washer and dryer included for added convenience. Enjoy relaxing or entertaining on the large west-facing terrace - a peaceful outdoor retreat rarely found in studio living. Residents have access to exceptional resort-style amenities, including the renowned Fortune Wellness Centre with a state-of-the-art fitness club, yoga studio, sauna, steam room, hot tub, and cold plunge. Additional amenities include a party room, theatre lounge, meeting spaces, landscaped outdoor terrace, guest suites, bocce court, putting green, dog area, bike storage, and 24-hour concierge service. Located in Toronto's vibrant Entertainment District, you're minutes from the waterfront, CN Tower, Rogers Centre, Financial District, Chinatown, top restaurants, cafés, shopping, and transit. Available July 1.
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.
38 Iannuzzi Street Unit 511, 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
Competitive Rent
At $1,800/mo, this is priced below the typical 1-bedroom rent of ~$2,300/mo in Downtown Toronto. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Market Position
At 32 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 0 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.
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.