3-69 Third Street, Toronto, ON

New Toronto, Toronto · MLS® W12426201

$1,700/mo
For Lease
Listed 295 days ago
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1Bedrooms
1Bathrooms
0Parking
700Sq Ft

About this home

Elevate your lifestyle in this stunning top-floor 1 bedroom apartment where peace and quiet meet ultimate convenience. Situated in a well maintained, tranquil building, this unit offers the privacy of having no neighbours above you. HIGHLIGHTS Prime Location, steps away from the lake perfect for your morning jogs or sunset strolls. Commuters dream. Easy access to transit. Everything nearby. Minutes away from shopping. Freshly painted and renovated. Laminate Flooring in living,bedroom and hallway. Ceramic floor in kitchen and washroom. Washroom has a window. Kitchen has a window. Walk to TTC bus stop, tennis courts/skating. Shops on Lakeshore. Tenant pays own hydro, separately metered,cable and phone. Triple A tenants with sound references from Current and previous landlords. Full credit report from Equifax with Score. Suitable for professional quiet person. Reduction in rent to cover City Permit for parking in front of building.

Key facts

Property type
Other, 3-Storey
MLS®
W12426201
Bedrooms
1
Bathrooms
1
Size
700 sq ft
Lot
25 × 123 ft
Cross streets
Lakeshore & Royal Yor
Parking
0 parking
Basement
None
Heating
Radiant
A/C
None
Exterior
Brick
Foundation
Concrete
Roof
Shingles
Sewer
Sewer
Days on market
295
Listing brokerage
RIGHT AT HOME REALTY

Rooms

BedroomThird3.99 × 3.14 m
KitchenThird3.14 × 2.44 m
Living RoomThird3.54 × 4.40 m
Moe’s TakeTeam Asgarian · Broker
In the wider range
$1,699/moest. value

Listed at $1,700/mo, this rental is within the range of a wider set of rentals, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.

There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.

Based on 24 similar rentals nearby, adjusted for size, beds, and baths.Median of 24 comparable active listings, 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, listed at $1,699/mo
  • Adjusts to $1,699/mo

That comparable adjusts to $1,699/mo; the $1,699/mo estimate above is the median of all 24 comparables, which is steadier than any single home.This uses comparable active listings, not leased-deal prices. Condition, finishes, and exact inclusions are my in-person call.

The assigned public school is Seventh Street Junior School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

On location, this is a very walkable address with everyday errands close by. Lake Shore Blvd West at Third St is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

List price
$1,550/moBelow market$1,859/moAbove market

Total price vs nearby homes. Fair value about $1,699/mo, median of 24 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.
  • Currently tenanted: confirm the lease terms and vacant-possession timing before closing.
  • Value driver
  • Worth verifying
Comparable listingsCurrently listed nearby in New Toronto · asking prices
$1,689avg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

7-12 Dwight Avenue$1,7002-2961 Lakeshore Boulevard$1,6996-115 Eighth Street$1,6994-115 Eighth Street$1,6996-12 Dwight Avenue$1,650

The 5 closest of 8 active listings nearby.

See all comparable homes
1,700This home1,7001,6991,6991,6991,650This home vs active comparables
Live market pulseActive comparables in New Toronto · median list $2K
24active listings nearby
295days on market

On the market now.

View comparable listings

Not enough sq ft data to place this home on the area price curve.

Neighbourhood & location

New Toronto, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

72/ 100

Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.

Most daily errands can be done on foot.

🚉 Nearest transit: Lake Shore Blvd West at Third St, about 62 m away

20+ transit stops2 grocery20+ dining20+ parks7 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Mimico
$2K
Dovercourt-Wallace Emerson-Junction
$2K
Kensington-Chinatown
$4K
Waterfront Communities C1
$3K
Bay Street Corridor
$3K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).

School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.

Street view near Seventh Street Junior School
73%
Seventh Street Junior SchoolPublic · Elementary · 0.3 km awayAround the GTA average · 73% meet the provincial standard

Affordability & Mortgage

Affordability
$8/mo
$4KIncome needed
0.4×Price ÷ income
$2Weekly cost
20% down4.79%25-yr amortization

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.

88%mortgage
Mortgage $8Property tax $1Total carry $9

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

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$7per month

Mortgage amount $1,360 · 4.14% over 25 years

$340Down payment (20.0%)
$1,360Loan before insurance
$0CMHC premium
$8Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$7
Property tax
$1
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$8

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$9
Toronto municipal land transfer tax
$9
Estimated closing costs
$17

Plus your down payment of $340. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$9/monthPayment at the qualifying rate

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

$817Total interest paid
$2,177Total of all payments
Principal $1,360 Interest $817
YearPrincipalInterestBalance
1$32$55$1,328
2$33$54$1,295
3$35$53$1,260
4$36$51$1,224
5$38$50$1,187
6$39$48$1,148
7$41$46$1,107
8$42$45$1,065
9$44$43$1,020
10$46$41$974
11$48$39$926
12$50$37$876
13$52$35$824
14$54$33$770
15$57$31$713
16$59$28$654
17$61$26$593
18$64$23$529
19$67$20$462
20$69$18$393
21$72$15$321
22$75$12$245
23$78$9$167
24$82$5$85
25$85$2$0

At the end of your 5-year term

Total paid over the term
$435
Principal paid down
$173
Interest paid
$262
Balance remaining
$1,187

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.

Let's connect

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.

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.

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