$8,000/mo - 53 Argyle Street, Downtown Toronto
Detached for Rent in Downtown Toronto
139 days on market- MLS Number
- C12633644
- Property Type
- Detached
- Status
- active
- Days on Site
- 139
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Lot Size
- 2,782 sqft
- Listing Brokerage
- RE/MAX WEST REALTY INC.
A Rare Opportunity in the Heart of the Ossington District.Step inside this 4,500+ sq. ft. architectural treasure, where historic character meets modernluxury. Built in 1933 as a community centre, 53 Argyle Street has been reimagined into aone-of-a-kind residence with commercial + residential zoning - ideal for live/work flexibilityor a creative entrepreneurial vision.Located in the Soho of Toronto - Vogue's pick as the World's 2nd Hippest District - you're juststeps from Trinity Bellwoods Park, Queen West, Ossington's vibrant café culture, art galleries,and award-winning restaurants.The main floor impresses with open-concept living and dining, a chef's kitchen with granitecounters and extra-large fridge, sun-filled atrium and office space. Heated floors andskylights add comfort and light throughout.The second floor features a serene primary suite with walk-in closet, ensuite spa (Roman bath,bidet, sauna), plus three additional bedrooms and a luxe five-piece bath.Upstairs, discover a third-floor retreat - two bedrooms linked by a secret passage that kidswill love it, and a copper soaking tub.The finished basement offers 8'5" ceilings, a second kitchen, bathroom, and elevator access -perfect for an artist's studio, guest suite, or private office.Step outside to a private courtyard oasis that you can turn into an entertainer's dream.Additional features include marble and hardwood finishes, central air, alarm system, and a12,000-watt generator.This property is more than a home - it's a lifestyle, a statement, and an investment inToronto's most coveted urban playground.Art and furniture available for purchase. Art inventory and Appraisal available upon request.
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.
53 Argyle Street, 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 $8,000/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 139 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.
Detached Home Advantages
Detached homes in Downtown Toronto are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 5,000 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.
Excellent Flexibility
With 6 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 5 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.