Harbourfront Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 37 tracked properties across Harbourfront, Toronto.
Harbourfront Rental Market Overview
As of late summer 2026, the Harbourfront submarket in Toronto—concentrated within postal forwarding sector M5E—operates as a high-speed hotspot characterized by robust leasing velocity across its 37 tracked developments. Through the 30-day window ending August 31, 2026, FastScreen market intelligence records an average realized rent of $2,905 based on 57 closed leases over the trailing 30 days, alongside 38 active listings currently on the market, matching an average space efficiency of $4.30 per square foot. In parallel, active supply encompasses 38 active listings with an average asking rent of $3,955 per month ($5.50 per square foot). This creates a notable asking-to-realized spread of $1,050 per month, pointing to a distinct divergence between aspirational landlord list targets and closed tenant contracts. Harbourfront rents stand at a 5.03% premium—representing a $139 monthly increase—over the broader Toronto municipal average of $2,766 per month. Transaction volume is anchored heavily by 1-bedroom and 2-bedroom suite configurations.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across Harbourfront
Closed Leases
Transactions that closed in August 2026 across Harbourfront
Harbourfront Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in August 2026.
Harbourfront Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Harbourfront, Toronto.
| Action | |||||
|---|---|---|---|---|---|
Sugar Wharf - West Tower 55 Cooper St | $2,907/mo | $4.45/SF | 19leases | 12units | Comps |
Sugar Wharf - East Tower 138 Downes St | $2,725/mo | $4.46/SF | 18leases | 10units | Comps |
The Prestige at One Yonge 28 Freeland St | $2,718/mo | $4.17/SF | 7leases | 6units | Comps |
Success Tower at Centre 16 - 18 Harbour St | $3,513/mo | $4.13/SF | 6leases | 7units | Comps |
Quay West at Tip Top 90 Stadium Rd | $3,270/mo | $4.15/SF | 5leases | 3units | Comps |
Harbour Plaza Residences - East Tower 88 Harbour St | $2,545/mo | $4.75/SF | 4leases | 0units | Comps |
550 Queen's Quay West 550 Queens Quay W | $3,095/mo | $3.89/SF | 4leases | 0units | Comps |
Centre - Tower I 16 Yonge St | $2,817/mo | $3.75/SF | 3leases | 1unit | Comps |
Atrium on Queens Quay 650 Queens Quay W | $2,125/mo | $4.13/SF | 2leases | 1unit | Comps |
Queen's Harbour 600 Queens Quay W | $2,500/mo | $4.47/SF | 2leases | 1unit | Comps |
33 Bay Residences at Centre 33 Bay St | $2,475/mo | $5.42/SF | 2leases | 0units | Comps |
Centre - Tower II 12 Yonge St | $2,500/mo | $3.85/SF | 1lease | 3units | Comps |
500 Queen's Quay West 500 Queens Quay W | $3,450/mo | $3.14/SF | 1lease | 3units | Comps |
III 270 Queens Quay W | $2,600/mo | $2.89/SF | 1lease | 2units | Comps |
Tip Top Lofts 637 Lake Shore Blvd W | $3,900/mo | $4.15/SF | 1lease | 1unit | Comps |
Ten York 10 York St | $5,800/mo | $4.46/SF | 1lease | 0units | Comps |
Waterclub I 8 York St | $3,550/mo | $4.18/SF | 1lease | 0units | Comps |
Pier 27 - Tower on the Lake 15 Queens Quay E | $3,300/mo | $4.40/SF | 1lease | 0units | Comps |
Pier 27 I 29 Queens Quay E | $3,800/mo | $4.22/SF | 1lease | 0units | Comps |
Waterlink at Pier 27 39 Queens Quay E | $3,050(ask) | $4.69 (ask) | 0leases | 1unit | Comps |
World Trade Centre I 10 Yonge St | $4,500(ask) | $3.68 (ask) | 0leases | 1unit | Comps |
Number One York Quay I 77 Harbour Sq | — | — | 0leases | 0units | Comps |
Harbour Plaza Residences - West Tower 100 Harbour St | — | — | 0leases | 0units | Comps |
Harbourside 55 - 65 Harbour Sq | — | — | 0leases | 0units | Comps |
Harbour Square 33 Harbour Sq | — | — | 0leases | 0units | Comps |
The Riviera 228 - 230 Queens Quay W | — | — | 0leases | 0units | Comps |
Waterclub II 208 Queens Quay W | — | — | 0leases | 0units | Comps |
Number One York Quay II 99 Harbour Sq | — | — | 0leases | 0units | Comps |
Waterclub III 218 Queens Quay W | — | — | 0leases | 0units | Comps |
World Trade Centre II 10 Queens Quay W | — | — | 0leases | 0units | Comps |
Aqua on Queen's Quay 410 Queens Quay W | — | — | 0leases | 0units | Comps |
Harbourpoint - Phase II 260 Queens Quay W | — | — | 0leases | 0units | Comps |
Harbourpoint - Phase I 250 Queens Quay W | — | — | 0leases | 0units | Comps |
King's Landing 460-480 Queens Quay W | — | — | 0leases | 0units | Comps |
Harbour Terrace 401 Queens Quay W | — | — | 0leases | 0units | Comps |
Queen's Quay Residences 211 Queens Quay W | — | — | 0leases | 0units | Comps |
Admiralty Point 251 Queens Quay W | — | — | 0leases | 0units | Comps |
55 Cooper St
138 Downes St
28 Freeland St
16 - 18 Harbour St
90 Stadium Rd
88 Harbour St
550 Queens Quay W
16 Yonge St
650 Queens Quay W
600 Queens Quay W
33 Bay St
12 Yonge St
500 Queens Quay W
270 Queens Quay W
637 Lake Shore Blvd W
10 York St
8 York St
15 Queens Quay E
29 Queens Quay E
39 Queens Quay E
10 Yonge St
77 Harbour Sq
100 Harbour St
55 - 65 Harbour Sq
33 Harbour Sq
228 - 230 Queens Quay W
208 Queens Quay W
99 Harbour Sq
218 Queens Quay W
10 Queens Quay W
410 Queens Quay W
260 Queens Quay W
250 Queens Quay W
460-480 Queens Quay W
401 Queens Quay W
211 Queens Quay W
251 Queens Quay W
Derived from verified closed lease contracts finalized during August 2026 across multi-residential buildings in Harbourfront.
Realized monthly lease price divided by interior living square footage (excluding external terraces and parking valuations).
Total executed lease agreements. In boutique buildings with fewer than 2 monthly leases, comps automatically expand to a 90-day rolling window to preserve statistical validity.
The duration from public MLS listing publication to final binding agreement. Active supply reflects current vacant or upcoming units available for rent.
Harbourfront Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for Harbourfront
As of late summer 2026, the Harbourfront submarket in Toronto—concentrated within postal forwarding sector M5E—operates as a high-speed hotspot characterized by robust leasing velocity across its 37 tracked developments. Through the 30-day window ending August 31, 2026, FastScreen market intelligence records an average realized rent of $2,905 based on 57 closed leases over the trailing 30 days, alongside 38 active listings currently on the market, matching an average space efficiency of $4.30 per square foot. In parallel, active supply encompasses 38 active listings with an average asking rent of $3,955 per month ($5.50 per square foot). This creates a notable asking-to-realized spread of $1,050 per month, pointing to a distinct divergence between aspirational landlord list targets and closed tenant contracts. Harbourfront rents stand at a 5.03% premium—representing a $139 monthly increase—over the broader Toronto municipal average of $2,766 per month. Transaction volume is anchored heavily by 1-bedroom and 2-bedroom suite configurations.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Harbourfront is currently $2,935/month ($4.28/SF), with an average leasing velocity of 20 Days on Market. Compared to the overall Toronto municipal benchmark ($2,811/month), Harbourfront trades at a 4% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Atrium on Queens Quay ($2,125/mo) to Ten York ($5,800/mo).
Month Over Month Trends
Month-over-month price movement in Harbourfront shows a modest downward adjustment, with average realized lease prices shifting by -$113—or -3.74%—compared to the prior 30-day period where closed leases averaged $3,018. This short-term variance reflects transaction mix shifts and varying bedroom sizing across the 57 closed leases recorded in the latest snapshot versus the 50 closed leases from the preceding period, rather than a structural correction in baseline building valuations.
Longer Term Trends & Rental Dispersion
Long-term leasing data across 295 historical transactions indicates firm price stability, with the 90-day average lease price sitting at $2,989 and the 180-day baseline holding at $2,959 per month. Overall rent dispersion across the submarket ranges from a minimum of $1,500 to a maximum of $8,100 per month. The median rent stands at $2,600 per month, while the middle 50% of the market—bounded by the 25th percentile at $2,350 and the 75th percentile at $3,300—defines an interquartile range of $950 per month. This spread illustrates a clear delineation between entry-level 1-bedroom units and executive multi-bedroom waterfront penthouses.
Currently across Harbourfront's 37 tracked multi-family properties, there are 52 active rental listings with an average asking rent of $3,578/month ($5.22/SF). For closed transactions executed in August 2026, realized lease agreements averaged $2,935/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants targeting Harbourfront should prepare for competitive conditions and move quickly when desirable suites enter the market. Realistic pricing for the middle 50% of the submarket spans from $2,350 to $3,300 per month. Stepping up from a standard 1-bedroom layout (averaging $2,384 across 544 square feet over 180 days) to a 2-bedroom suite (averaging $3,628 across 846 square feet) requires a monthly dollar step-up of $1,244—a 52.18% increase—while delivering an additional 302 square feet of living space. Expanding from a 2-bedroom to a 3-bedroom layout adds another $813 per month in rent for 214 additional square feet. Renters should verify parking terms prior to application, as unbundled parking structures can add substantial monthly premiums depending on the specific building.
For Landlords
Landlords and condo investors operating in Harbourfront must maintain strict pricing discipline to avoid extended vacancy timelines. With active listings averaging $3,955 against closed leases settling at $2,905—an asking-to-realized spread of $1,050 per month—aspirational list pricing significantly exceeds current tenant contract thresholds. Overpriced units risk sitting well past the submarket's 22-day average Days on Market. Owners should anchor their leasing strategy to verified closed transactions within the middle 50% band ($2,350 to $3,300 per month) to capture the 60.0% absorption rate efficiently.
For Realtors
Real estate professionals representing clients in Harbourfront's M5E postal sector must navigate a wide gap between active asking figures and realized closing data. With 38 active listings and 57 closed leases over the trailing 30 days, market liquidity remains healthy, driven largely by 1-bedroom and 2-bedroom activity. Agents should counsel buyer and tenant clients on moving decisively within the 22-day marketing window while using the $1,050 asking-to-realized spread as leverage during lease negotiations. Managing expectations around building-specific variations—such as premium pricing in developments like World Trade Centre II versus accessible entry points at The Riviera—is essential for successful deal execution.
Harbourfront Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating Harbourfront, Toronto
What is the average rent for a condominium or apartment in Harbourfront, Toronto?
Harbourfront's average realized lease price is $2,905 per month ($4.30 per square foot), based on 57 recorded transactions over the trailing 30 days ending August 31, 2026. The middle 50% of the submarket leases between $2,350 (25th percentile) and $3,300 (75th percentile) per month, positioning Harbourfront at a 5.03% premium over the broader Toronto municipal average of $2,766 per month.
How much is a 1-bedroom apartment in Harbourfront?
The average rent for a 1-bedroom apartment in Harbourfront, Toronto is $2,384 per month ($4.51 per square foot across 544 square feet), while 1-bedroom plus den suites average $2,611 per month ($3.93 per square foot across 675 square feet), based on 180-day trailing data. Most 1-bedroom units lease between $2,250 (25th percentile) and $2,431 (75th percentile) per month, with a median rent of $2,300.
How much is a 2-bedroom apartment in Harbourfront?
The average rent for a 2-bedroom apartment in Harbourfront, Toronto is $3,628 per month ($4.59 per square foot across 846 square feet), while 2-bedroom plus den suites average $3,641 per month ($4.03 per square foot across 925 square feet), based on 180-day trailing data. Most 2-bedroom units lease between $3,200 (25th percentile) and $3,562 (75th percentile) per month, representing a $1,244 monthly step-up and an additional 302 square feet compared to standard 1-bedroom layouts.
How much is a 3-bedroom apartment in Harbourfront?
The average rent for a 3-bedroom apartment in Harbourfront, Toronto is $4,441 per month ($4.24 per square foot across 1,060 square feet), based on 180-day trailing data. Three-bedroom and larger suites represent a specialized, lower-volume segment in the submarket, with closed leases recording a middle 50% range between $3,712 and $5,000 per month.
What are the most affordable and premium condo and apartment buildings in Harbourfront?
Within Harbourfront, World Trade Centre II commands the highest average lease rate at approximately $6,025 per month, while The Riviera offers the most accessible entry point among tracked multi-unit projects at around $2,283 per month.
How does rent in Harbourfront compare to the overall Toronto average?
Harbourfront rents average $2,905 per month, which is higher than the overall Toronto average of $2,766 per month (a spread of $139 or 5.03%). Properties in Harbourfront spend an average of 22 days on the market, matching the broader Toronto municipal average of 22 days.
What are the postal code FSAs for Harbourfront?
Condo and apartment rentals in Harbourfront primarily fall within postal forward sortation areas (FSAs) such as M5E.
How fast do rental units lease in Harbourfront (Days on Market)?
Rental listings in Harbourfront spend an average of 22 days on the market before leasing, based on 30-day tracking through August 31, 2026—matching the broader Toronto municipal benchmark of 22 days.
How should landlords price their rental listings in Harbourfront to avoid vacancy loss?
With active listings averaging $3,955 against closed leases at $2,905—an asking-to-realized spread of $1,050 per month—landlords are advised to align asking prices with recent closed lease benchmarks rather than aspirational targets to prevent vacancy durations from extending past the submarket average of 22 days.
How much more will a unit with a parking spot in Harbourfront rent for versus a unit without one?
Reserved parking in Harbourfront adds an estimated $247 to $995 per month across 1-bedroom and 2-bedroom layouts based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Harbourfront rents?
Tenants in modern Ontario condos should budget separately for hydro and heat pump consumption. Bulk water service and structural maintenance are bundled into the building corporation's operating expenses and paid by the landlord.
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