$4,500/mo - 55 Jersey Avenue, Downtown Toronto
Detached for Rent in Downtown Toronto
75 days on market- MLS Number
- C12952458
- Property Type
- Detached
- Status
- active
- Days on Site
- 75
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Jersey Jewel. Just Right. In the heart of Palmerston-Little Italy, with Trinity Bellwoods just minutes away, this fully renovated detached bungalow brings together style, space, and flexibility. This fully renovated home features a bright, open-concept living and dining area, a functional, modern kitchen with floor-to-ceiling cabinetry and stainless steel appliances, a fully enclosed front porch, and a primary bedroom with a private 4-piece ensuite. Downstairs, the higher-ceiling lower level adds flexibility with an east-facing walk-up entrance, two additional bedrooms, a convenient kitchenette, and a sleek 3-piece bath with frameless glass shower, ideal for extended family, guests, or work-from-home living. Outside, enjoy a concrete patio, stone staircases with iron railings, and a private fenced backyard with room to relax or entertain. If you have a green thumb, the yard is a blank canvas for gardeners to make their mark. Upgraded heating and cooling, along with new doors and windows, provide year-round comfort and efficiency reflected in your utility bills. The basement features a sump pump for peace of mind. Set on a quiet, dead-end street, just steps to the energy of College Street, with green spaces, parks, and the Bloor subway line a short walk away, this home offers an easy balance of city convenience and everyday comfort. Street permit parking is available. If you're looking for a private home with style, flexibility, and a little breathing room in the city, this one is worth a look. Heat and hydro are extra. Tenant is responsible for opening and maintaining utility accounts with Toronto Hydro and Enbridge. Some photos have been AI-enhanced. Tenants agent to verify all measurements.
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.
55 Jersey Avenue, 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 $4,500/mo, this is asking above the typical 3-bedroom rent of ~$3,500/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 75 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.
Efficient Living
At 700 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.
Bathroom Count Matters
With 3 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.