$3,900/mo - 8 Wellesley Street Unit 1909, Downtown Toronto
Condo for Rent in Downtown Toronto
46 days on market- MLS Number
- C13069462
- Property Type
- Condo
- Status
- active
- Days on Site
- 46
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- BAY STREET GROUP INC.
Welcome to the luxurious 8 Wellesley Residences, This stunning, brand-new 3-bedroom, 2-bathroom suite features a spacious living room with floor-to-ceiling windows and a breathtaking, unobstructed south-facing view, Master bedroom with 4-piece ensuite and closet, Modern kitchen with built-in appliances, backsplash and quartz counter. Ideally located in the vibrant heart of downtown Toronto at Yonge & Wellesley. Perfect for families, students, or professionals, this unit offers both comfort and convenience. Enjoy immediate access to the subway and TTC right at your doorstep, with shops, restaurants, schools, the Financial District,U of T and TMU (Ryerson) all just minutes away, Also walking distance of the Eaton Centre, Yorkville, the Royal Ontario Museum, vibrant cafes, international cuisine, boutique shops, and lively entertainment options. Designed with modern living in mind, the suite boasts a sleek, open-concept layout with bright, airy interiors. just move in and enjoy. The building offers exceptional amenities, such as 24-hour concierge service, a fitness center, a party/meeting room, and a rooftop deck with BBQs and lounging areas.This is a must-see opportunity in one of Toronto most desirable locations!**Extra: Stove, Fridge, Built-In Dishwasher, Range Hood With Microwave, Washer/Dryer,window blinds,1 locker,High-speed internet is included.*Parking an additional $200*
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.
8 Wellesley Street Unit 1909, 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 $3,900/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.
Negotiation Opportunity
At 46 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.
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 800 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.