2 Days Ago
Location
709-508 Wellington St W #709, Toronto, ON M5V 0K8, CAN|Fashion District
Tour 508 Downtown Condominium #709
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Property Management Toronto Inc.
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About 508 Downtown Condominium #709
Sweet deal!
This listing is 18% below the median price for 1 bedroom apartments in Fashion District.
Located In Prime King West Area At Wellington And Portland. Modern 1 Bedroom, 1 Washroom Unit With An Open Concept Layout, And Generously-Sized Balcony. Beautiful Finishes And Fixtures Throughout. Boutique Building Situated On A-List Street Adjacent To The Thompson Hotel. Located In The Heart Of The Entertainment District, Surrounded By The Best Restaurants, Nightlife, Shopping, And Parks. Easy Access To Ttc, Major Highways, And The Financial District. INCLUSIONS Stainless Steel - Dishwasher & Oven. Microwave & Fridge. Stacked Washer And Dryer. EXCLUSIONS Hydro & Water Are Extra (Tenant Responsibility). No Parking & No Locker
Address details
| Neighborhood | Fashion District |
|---|---|
| Post code | M5V 0K8 |
| Type | House for rent |
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Rent trends in Fashion District
1-bedroom apartments at 508 Downtown Condominium #709 cost about 18% less than the average rent price for 1-bedroom apartments in Toronto.
Median rents as of May 23 2026.
Fashion District
Toronto
| Month | Median Rent |
|---|---|
| June 2024 | $2,399 |
| July 2024 | $2,386 |
| August 2024 | $2,384 |
| September 2024 | $2,366 |
| October 2024 | $2,347 |
| November 2024 | $2,312 |
| December 2024 | $2,300 |
| January 2025 | $2,300 |
| February 2025 | $2,303 |
| March 2025 | $2,300 |
| April 2025 | $2,281 |
| May 2025 | $2,257 |
| June 2025 | $2,242 |
| July 2025 | $2,222 |
| August 2025 | $2,200 |
| September 2025 | $2,193 |
| October 2025 | $2,171 |
| November 2025 | $2,150 |
| December 2025 | $2,150 |
| January 2026 | $2,149 |
| February 2026 | $2,129 |
| March 2026 | $2,102 |
| April 2026 | $2,100 |
| May 2026 | $2,099 |
| Month | Median Rent |
|---|---|
| June 2024 | $2,511 |
| July 2024 | $2,547 |
| August 2024 | $2,510 |
| September 2024 | $2,516 |
| October 2024 | $2,506 |
| November 2024 | $2,498 |
| December 2024 | $2,499 |
| January 2025 | $2,561 |
| February 2025 | $2,573 |
| March 2025 | $2,654 |
| April 2025 | $2,620 |
| May 2025 | $2,652 |
| June 2025 | $2,661 |
| July 2025 | $2,734 |
| August 2025 | $2,756 |
| September 2025 | $2,723 |
| October 2025 | $2,657 |
| November 2025 | $2,599 |
| December 2025 | $2,612 |
| January 2026 | $2,582 |
| February 2026 | $2,483 |
| March 2026 | $2,588 |
| April 2026 | $2,598 |
| May 2026 | $2,666 |
Affordability calculator
Can I afford to live at 709-508 Wellington St W #709?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$88,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $88,000 annually to afford this 1-bedroom monthly rent price of $2,200.
For more information on rent affordability, visit our rent calculator.
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Internet available near 508 Downtown Condominium #709
Neighborhood
Fashion District | Toronto, ON
Getting around Toronto near 709-508 Wellington St W #709
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 709-508 Wellington St W #709, Toronto
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
10/10
Exceptional variety of shops within a few minutes’ walk
Cafes
10/10
Exceptional variety of cafés within a few minutes’ walk
Restaurants
9/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Parks
10/10
Exceptionally large amount of park space within a few minutes’ walk
Nightlife
8/10
Wide variety of bars within a few minutes' walk
Explore the area around 709-508 Wellington St W #709
John's Mart
581 King St W
Farmboy
29 Bathurst St
Busy Bee King Mart
677 King St W
Fresh & Wild on Hill
69 Spadina Ave
Sobeys Urban Fresh
22 Fort York Blvd
adidas Originals Store
486 Front St W
lululemon Pop Up
486 Front St W
Gotstyle
62 Bathurst St
Gotstyle the Mens Store
60 Bathurst St
Rotblott's Discount Warehouse
443 Adelaide St W
Tim Hortons
589 King St W
Starbucks
625 King St W
Booster Juice
35 Bathurst St
Jimmy's Coffee Bar
107 Portland St
Bobo Tea & Juice
62 Fort York Blvd
2 Cats
569 King St W
Lost & Found
577 King St W
Baro
485 King St W
DPRTMNT Toronto
473 Adelaide St W
Wheat Sheaf Tavern
667 King St W
Forno Cultura
609 King St W
Farmboy
29 Bathurst St
Noah's Natural Foods
430 King St W
Millie PA Tisserie
12 Oxley St
The Healthy Butcher
565 Queen St W
Garden
Victoria Memorial Square
Draper Park
Park
Garden
Bar Wellington
520 Wellington St W
World Fine Pubs
520 Wellington St W
Cavinona-Italian Wine Delivered
510 Front St W
Porchetta & Co
545 King St W
Big Smoke Burger
573 King St W
King St West at Portland St East Side
KING, KING, LAKE SHORE
King St West at Portland St
KING, KING, LAKE SHORE
Bathurst St at Wellington St West
BATHURST NIGHT BUS
Bathurst St at Niagara St
BATHURST
Bathurst St at Niagara St
BATHURST
UP Express Union Station
Union Pearson Express
Union Station
Lakeshore East, Lakeshore West, Lakeshore East, Barrie, Barrie, Richmond Hill, Stouffville, Milton, Stouffville, Kitchener, Lakeshore West, Richmond Hill, Kitchener, Milton
Exhibition
Lakeshore West, Lakeshore West
Bloor
Kitchener, Kitchener
Bloor GO/UP
Union Pearson Express
St Andrew Station - Southbound Platform
LINE 1 (YONGE-UNIVERSITY)
St Andrew Station - Northbound Platform
LINE 1 (YONGE-UNIVERSITY)
Osgoode Station - Southbound Platform
LINE 1 (YONGE-UNIVERSITY)
Osgoode Station - Northbound Platform
LINE 1 (YONGE-UNIVERSITY)
Union Station - Northbound Platform Towards Vaughan Metropolitan Centre
LINE 1 (YONGE-UNIVERSITY)
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