$4,700/mo - 500 Queens Quay Unit 801E, Downtown Toronto
Condo for Rent in Downtown Toronto
- MLS Number
- C13140294
- Property Type
- Condo
- Status
- active
- Days on Site
- 30
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- REAL CITY REALTY INC.
Sunrise over the marina. The city at your doorstep.Experience elevated waterfront living on prestigious Queens Quay, where breathtaking marina views, refined design, and exceptional walkability converge in one of Toronto's most coveted harbourfront settings. This sun-drenched corner residence showcases unobstructed south-facing vistas over the marina and Music Garden, offering spectacular sunrise views and a serene lakeside backdrop from every principal room.Perfectly positioned with outstanding walk, transit, and bike scores (96 / 92 / 95), this premier address places the very best of the waterfront just moments away. Stroll to Harbourfront, waterfront trails, parks, cafés, gourmet grocers, and everyday essentials, while Union Station, St. Lawrence Market, and the Gardiner Expressway remain conveniently within reach. In the warmer months, live music drifting from the Music Garden creates an effortlessly vibrant cultural atmosphere just outside your door.Impeccably maintained within an elegant, well-managed boutique-style building, this exceptional two-bedroom, two-bath residence offers a seamless blend of lakefront tranquility and sophisticated urban convenience. Thoughtfully designed for luxurious everyday living, the home features soaring 9-foot ceilings, a marble-clad foyer, and a charming gas fireplace that anchors the open-concept living and dining space with warmth and refinement. Expansive windows flood the interior with natural light, while two private balconies extend the living experience outdoors, ideal for morning coffee overlooking the water or unwinding at sunset with gentle lake breezes.The gourmet kitchen is beautifully appointed with granite countertops, stainless steel appliances, and generous cabinetry, balancing timeless elegance with everyday functionality for both entertaining and daily living.
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.
500 Queens Quay Unit 801E, 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 $4,700/mo, this is asking above the typical 2-bedroom rent of ~$2,900/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.
Market Position
At 30 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.
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.