Updated 5+ Days Ago
Highlights
Pet Friendly
Location
516 Yonge St #2, Toronto, ON M4Y 1X9, Canada|Bay Street Corridor
Tour 516 Yonge Street ##2
Contact
Fatima Andrade
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Amenities for 516 Yonge Street ##2, Bay Street Corridor
Building
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 516 Yonge Street ##2
Sweet deal!
This listing is 11% below the median price for 1 bedroom apartments in Bay Street Corridor.
For Lease!!! 516 Yonge Street Apt. 2 Toronto, ON $2195/month including Utilities Welcome to this spacious 812 sq foot 1 bedroom apartment in the heart of downtown Toronto. This bright and inviting unit features approximately 9 foot ceilings, new laminate flooring and has lots of Natural Lighting Shining throughout the entire apartment. The kitchen overlooks the living and dining area, creating a functional and welcoming space that's perfect for everyday living or entertaining. Freshly painted and move in ready, this apartment is available for immediate occupancy. Ideally located just steps from the TTC, shops, restaurants, parks, schools, and other everyday amenities. You'll enjoy the convenience of downtown living right at your doorstep. Utilities included. Pet Friendly. Please Note: This unit does not have laundry Requirements: Rental application Copy of id Credit report and score Employment letter Last 2 paystubs First and last month's rent required upon approval Tenant insurance required by move in date If you or anyone you know are looking to buy, sell or lease a property, you can message me on my page, email me at **** or call/text me at 416-797-3656 and I will be happy to assist you. So let's talk!
516 Yonge Street ##2 is great for:
Address details
| Neighborhood | Bay Street Corridor |
|---|---|
| Post code | M4Y 1X9 |
| Type | Apartment for rent |
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Rent trends in Bay Street Corridor
1-bedroom apartments at 516 Yonge Street ##2 cost about 11% less than the average rent price for 1-bedroom apartments in Bay Street Corridor.
Median rents as of Sep 12 2026.
Bay Street Corridor
Toronto
| Month | Median Rent |
|---|---|
| September 2024 | $2,362 |
| 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 |
| June 2026 | $2,124 |
| July 2026 | $2,111 |
| August 2026 | $2,106 |
| September 2026 | $2,100 |
| Month | Median Rent |
|---|---|
| September 2024 | $2,698 |
| October 2024 | $2,636 |
| November 2024 | $2,672 |
| December 2024 | $2,673 |
| January 2025 | $2,656 |
| February 2025 | $2,652 |
| March 2025 | $2,674 |
| April 2025 | $2,644 |
| May 2025 | $2,601 |
| June 2025 | $2,601 |
| July 2025 | $2,589 |
| August 2025 | $2,589 |
| September 2025 | $2,597 |
| October 2025 | $2,580 |
| November 2025 | $2,533 |
| December 2025 | $2,591 |
| January 2026 | $2,544 |
| February 2026 | $2,538 |
| March 2026 | $2,533 |
| April 2026 | $2,578 |
| May 2026 | $2,548 |
| June 2026 | $2,553 |
| July 2026 | $2,643 |
| August 2026 | $2,475 |
| September 2026 | $2,468 |
Affordability calculator
Can I afford to live at 516 Yonge St #2?
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
$87,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $87,800 annually to afford this 1-bedroom monthly rent price of $2,195.
For more information on rent affordability, visit our rent calculator.
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Internet available near 516 Yonge Street ##2
Neighborhood
Bay Street Corridor | Toronto, ON
Getting around Toronto near 516 Yonge St #2
Walking
10/10
No car? No problem. Everything you need is within a few blocks.
Driving
3/10
Roads are accessible, but parking may be a challenge.
Cycling
9/10
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 516 Yonge St #2, 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
10/10
At least one elementary school within a 5-minute walk
High schools
10/10
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
10/10
Exceptional variety of bars right within a few minutes’ walk
Explore the area around 516 Yonge St #2
BulkBarn
2 Carlton St
Galleria Express Supermarket
558 Yonge St
Metro
444 Yonge St
Rabba Fine Foods
24 Wellesley St W
Sunny Gift Shop
30 Carlton St
Emerhealth
500 Yonge St
Running Room
38 Grenville St
Leathercraft
586 Yonge St
Winners
444 Yonge St
Northbound Leather Ltd
7 St Nicholas St
Tim Hortons
555 Yonge St
Good Earth Coffeehouse
8 Wellesley St E
Coffee Island
925 Bay St
Starbucks
444 Yonge St
Tim Hortons
444 Yonge St
Tabac
502 Yonge St
Hoops Sports Bar & Grill
458 Yonge St
Mexicali Rosa's
545 Yonge St
Fox & Fiddle
27 Wellesley St E
Pogue Mahone Irish Pub
777 Bay St
H & H Health Food Centre
567 Yonge St
Pusateri Fruit Market
497 Church St
The Bagel Stop
200 Elizabeth St
Bangkok Garden
18 Elm St
Popeye's Supplements
659 Yonge St
Park
Dr. Lillian McGregor Park
Breadalbane Park Off-Leash Area
Garden
Park
A&W Canada
496 Yonge St
Duke Pubs
501 Yonge St
Firehouse Subs
501 Yonge St
Darvish Restaurant
508 Yonge St
Diyijia
512 Yonge St
Yonge St at Grosvenor St
YONGE, YONGE NIGHT BUS
Yonge St at Alexander St
YONGE, YONGE NIGHT BUS
Yonge St at Carlton St North Side - College Station
YONGE, YONGE NIGHT BUS
Yonge St at College St - College Station
YONGE, YONGE NIGHT BUS
Bay St at Grosvenor St
BAY
Union Station
Lakeshore East, Lakeshore West, Lakeshore East, Barrie, Barrie, Richmond Hill, Stouffville, Milton, Stouffville, Kitchener, Lakeshore West, Richmond Hill, Kitchener, Milton
UP Express Union Station
Union Pearson Express
Exhibition
Lakeshore West, Lakeshore West
Bloor
Kitchener, Kitchener
Bloor GO/UP
Union Pearson Express
College Station - Northbound Platform
LINE 1 (YONGE-UNIVERSITY)
Wellesley Station - Southbound Platform
LINE 1 (YONGE-UNIVERSITY)
College Station - Southbound Platform
LINE 1 (YONGE-UNIVERSITY)
Wellesley Station - Northbound Platform
LINE 1 (YONGE-UNIVERSITY)
Queen's Park Station - Northbound Platform
LINE 1 (YONGE-UNIVERSITY)
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