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LOWER - 83 MADISON AVENUE, Toronto (Annex) — available at $3,225/mo. Streamlined process, move in quickly. 100% free for tenants — we handle everything.
Live in the heart of the city in this charming 3-bedroom unit, perfect for a group of friends or students seeking space, style & convenience. This unit does not feel like a basement with its tall ~8ft ceilings, laminate hardwood floors throughout & a window in each bedroom room for good natural light. This home effortlessly blends old-world character w/modern comforts. With separate living and dining space open to the kitchen (with dishwasher), this unit is both functional and cozy. Shared laundry is on your floor, making chores quick and easy. The shared backyard is perfect for weekend hangouts or quiet study sessions. Located in prime The Annex, one of Toronto's most vibrant neighborhoods, you'll be among beautiful Victorian & Edwardian homes, only two minute walk to University of Toronto, two minute walk to TTC Subway, & right in the middle of the culture, grocery stores, cafes, adventure & creativity defining downtown Toronto living. From here, you have easy access to explore all corners of the city via nearby transit options, making your daily commute or late-night outings a breeze. The unit & house exude character and charm, something you can't replicate in a high-rise. Whether you're hitting the books, hanging out w/friends, or soaking in all that Toronto has to offer, this unit delivers on comfort and unbeatable access to the city. Come experience downtown living at its best, right here in The Annex! Exclusions: Laundry machines are commercial grade and pay per use only $2/load. Tenants to pay 25% of Water and Heat, as well as their own Hydro w/separate meter. Students welcome w/parents as Guarantors! *Photos and Virtual Tour from 2025. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Basement | 4.32 x 2.32 meters |
| Living room | Basement | 5.8 x 3.65 meters |
| Dining room | Basement | 4.26 x 3.35 meters |
| Bedroom | Basement | 3.22 x 2.39 meters |
| Bedroom 2 | Basement | 3.2 x 2.92 meters |
| Bedroom 3 | Basement | 4.5 x 3.39 meters |
| Bathroom | Basement | 3.03 x 1.26 meters |
How is the home heated? Is it efficient?+
Heating is radiant heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What are the ongoing costs beyond the mortgage?+
Budget for heating is radiant heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What's included in the rent?+
The listing doesn't specify what's included. Always confirm with the landlord which utilities (heat, hydro, water, internet) are covered vs. paid separately — this can add hundreds per month.
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, Separate entrance, N/A, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Annex) before counting on it.
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