506-897 College Street, Toronto, ON
Trinity-Bellwoods, Toronto · MLS® C13585920
About this home
Welcome to one of the most desired rental buildings in Toronto - College West Residences, located on the trendy stretch of College St. West, just steps from trendy Ossington. This newly built contemporary mid-rise community offers a modern living experience designed for true urbanites. Enjoy a well-planned, sun-filled, and spacious 2-bedroom + den suite with 2 full bathrooms, boasting nearly 1,000 square feet of living space. With a layout that feels more like a 3-bedroom home, its perfect for roommates or professionals seeking extra space. Featuring an open-concept floor plan with floor-to-ceiling windows, a private balcony overlooking quiet College West neighbourhood, an tucked away kitchen, a full set of appliances, in-suite laundry, light fixtures, window coverings, and much more. Living in one of Torontos most vibrant neighbourhoods, you'll find yourself surrounded by award-winning restaurants, gourmet grocery shops, bakeries, cafes, and trendy cocktail bars. This locale combines the excitement of city life with a warm, welcoming community, all within a family-friendly environment. For your convenience, extra storage is always available for an additional fee, ensuring you have all the space you need. Free high-speed internet is included for the first 12 months and parking is available to rent for $250/m. The building is professionally managed, providing a hassle-free living experience. Modern amenities feature a rooftop terrace with BBQs and panoramic views of the downtown skyline, a gym, yoga room, playroom and meeting room. Enjoy the short, pleasant commute to the Financial District with TTC at your doorstep, making College West Residences an ideal choice for those seeking both luxury and functionality in their daily life.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13585920
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 900-999
- Cross streets
- College St & Ossington Ave
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Exposure
- North
- Days on market
- 2
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
laminate · recessed lighting · stainless steel appl
recessed lighting · laminate · enclosed
closet · recessed lighting · laminate
south view · closet · laminate
combined w/dining · south view · w/o to balcony
4 pc ensuite · closet · laminate
recessed lighting · laminate · combined w/living
Listed at $4,000/mo, this rental is right in line with comparable rentals. The number above is my independent estimate of value, not the asking price.
In Trinity-Bellwoods lately, landlords have been getting about 101% of asking and homes lease in about 9 days. Rents are up 3% versus a year ago.
Based on 56 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 56 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, leased for $4,700/mo
- Bedrooms +$150/mo
- Adjusts to $4,850/mo
That comparable adjusts to $4,850/mo; the $3,859/mo estimate above is the median of all 56 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.
Total price vs nearby homes. Fair value about $3,859/mo, median of 56 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Trinity-Bellwoods, Toronto, ON
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $3,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $17
- Property tax
- $3
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $20
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $20
- Toronto municipal land transfer tax
- $20
- Estimated closing costs
- $40
Plus your down payment of $800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $1,025
- Principal paid down
- $408
- Interest paid
- $617
- Balance remaining
- $2,792
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.