Lease Takeover – Rent Controlled Unit Near Downtown View full photo 8 photos
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$1,925

Lease Takeover – Rent Controlled Unit Near Downtown

650 Parliament Street, Toronto, ON, City of Toronto
Posted Mar 08, 2026
Description
Lease Assignment – Rent-Controlled Apartment at 650 Parliament Residences | Month-to-Month After July 2026

I am assigning my lease as I will be relocating. This is a great opportunity to take over a rent-controlled apartment in downtown Toronto with long-term flexibility.

Lease Details

• Lease valid until: July 31, 2026
• After that: Automatically converts to month-to-month
• Assignment: Subject to landlord approval

This means you get the benefit of rent control and stability, with the flexibility to stay month-to-month after the lease term ends.

Utilities & Costs

Included in Rent
✔ Heating

Not Included
✖ Hydro – approx. CA$60/month
✖ Water – approx. CA$60/month
✖ Parking – approx. CA$120/month (optional if available)

Location Highlights

Located at 650 Parliament Street, close to downtown Toronto with easy access to:

• TTC transit
• Grocery stores and restaurants
• Parks and community amenities
• Quick access to the downtown core

Why This Is a Great Opportunity

• Rent-controlled unit (potentially lower than current market rent)
• No need to sign a new 12-month lease
• Month-to-month flexibility after July 2026
• Secure housing in a well-maintained building

Contact

For more information, photos, or to schedule a viewing:

DM through OKz.ca
Email: siddhant9990@gmail.com

When you call, please mention you found this ad on OKZ.ca

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