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Even though Toronto’s rental demand reignited, there’s still a wide array of options available. Here are 6 appealing one-bedroom condos and houses that renters might want to consider:
1. 8 Park Road
Property type: condo
Monthly rent: $2,400
8 Park Road is a condo building located in the Rosedale neighbourhood in downtown Toronto. The high-rise was designed by Page & Steele Architects and completed by H&R Developments in 2003. The soaring tower houses 297 units and is located at the intersection of Bloor Street East and Park Road, just a block east of Yonge Street. The amenities include a rooftop terrace with landscaped gardens and barbecue hookups, 24-hour concierge and security, a media room, storage room and underground parking.
2. Akelius - 2875 Yonge Street
Property type: condo
Monthly rent: $1,495-$1600
Located in the heart of Lawrence Park, the building offers 17 fully-renovated suits with high-end finishes. Standing 5 storeys tall, some of the units offer park suites overlooking Alexandra Muir Park. All units are equipped with a full range of top-of-the-line appliances, complemented by superior finishes. The condos at 2875 Yonge Street are wrapped in a historic building located within steps to cafes, shops and restaurants and a short walk to the Lawrence subway station.
The one-bedroom units range from $1,495 to $1,600, featuring living spaces between 508 and 550 square feet.
Property type: house
Monthly rent: $1,950
For those who prefer renting a house, an option might be this one-bedroom house for rent in Toronto that just registered a $250 monthly rent cut. The unit features its own private entrance, a back deck, pot lights, a bar stool and brand new appliances. The home is nestled between Danforth Village and Queen Street East.
4. Lawrence Park - 455 Rosewell Ave
Property type: condo
Monthly rent: $1,750
Completed in 2005, Lawrence Park Condominiums consists of four mid-rise buildings that round up a total of 106 rental units. The structure was built in 2005 by The Tower Hill Development Group. The amenities include a security guard, an exercise room, a media room, visitor parking and a guest suite.
5. The Torontonian - 45 Dunfield Ave
Property type: condo
Monthly rent: $1,075 - $ 1,135
This condo building is located in the heart of Toronto’s Uptown Community. The Torontonian flaunts a ‘60s architecture that gives it a unique street presence in the popular Yonge-Eglinton neighbourhood. Built by Shiplake Properties, the development rises 28 storeys high. The amenities include an indoor swimming pool and a fitness center, among others.
Property type: house
Monthly rent: $3,750
This 2,956 square-foot home is located in the coveted York University Heights neighbourhood. It features high ceilings, crown mouldings vaulted ceilings, granite and marble countertops, and a fully-finished basement.
What these examples stand to show is that even in a very tight market, renters are not without options. So if you’re looking to rent a home in Toronto, assess your true needs, do some research, and find a good real estate agent to guide you through the entire process.
Point2 provides real estate marketing and lead management software to brokers and agents. Point2’s solutions include the real estate listings portal, Point2 Homes.