Lease Takeover – Rent Controlled Unit Near Downtown

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 Qdb.ca

Email: siddhant9990@gmail.com