East Bayfront Apartments for Rent & Condo Comps
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 25 tracked properties across East Bayfront, Toronto.
East Bayfront Rental Market Overview
As of late September 2026, the East Bayfront submarket in Toronto—concentrated within postal forward sortation area M5A across 25 tracked residential developments—maintains a dynamic leasing environment characterized by steady tenant demand and an active inventory footprint. Public records show 64 closed leases executed over the trailing 30 days based on 64 closed leases over the trailing 30 days, alongside 81 active listings currently available on the market, with an effective average realized rent of $2,725 per month across an average area of 451 square feet (representing a realized price of $4.51 per square foot), alongside 81 active listings currently available on the market with an average asking rent of $3,397 per month. This creates a notable asking-to-realized spread of $672 per month, reflecting a pricing gap where landlord asking targets sit above finalized tenant contracts. When evaluated against the broader Toronto municipal benchmark of $2,821 per month, East Bayfront rents trade at a slight 3.4% discount (representing a dollar variance of $96 per month), making this waterfront pocket a competitive alternative to the city-wide average while offering diverse multi-residential options spanning from efficient studio suites to luxury multi-bedroom penthouses.
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Analyze verified lease comps and active asking rates across 25 buildings in East Bayfront.
Active Rental Inventory
Listed and Tracked by FastScreen as of September 2026Current publicly listed rental units and asking prices across East Bayfront
Closed Leases
Transactions that closed in September 2026 across East Bayfront
East Bayfront Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in September 2026.
East Bayfront Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in East Bayfront, Toronto.
| Action | |||||
|---|---|---|---|---|---|
Monde 12 - 16 Bonnycastle St | $2,709/mo | $4.12/SF | 9leases | 6units | Comps |
Quay House 15 Richardson St | $2,131/mo | $4.91/SF | 8leases | 7units | Comps |
Waterfront Lighthouse East Tower 20 Richardson St | $2,540/mo | $4.65/SF | 5leases | 8units | Comps |
The Goode 35 Parliament St | $2,190/mo | $4.68/SF | 5leases | 3units | Comps |
Aqualina at Bayside Toronto 15 Merchants' Wharf | $2,788/mo | $4.24/SF | 5leases | 3units | Comps |
Canary District 455 Front St E | $2,265/mo | $4.72/SF | 5leases | 1unit | Comps |
Waterfront - Lighthouse Tower 15 Lower Jarvis St | $3,475/mo | $6.17/SF | 4leases | 11units | Comps |
Pure Spirit at The Distillery 33 Mill St | $2,388/mo | $4.35/SF | 4leases | 5units | Comps |
Canary Commons 35 Rolling Mills Rd / 180 Mill St | $3,480/mo | $4.21/SF | 3leases | 8units | Comps |
Aqualuna at Bayside 155 Merchants' Wharf | $3,883/mo | $3.97/SF | 3leases | 5units | Comps |
Canary House 425 Front St E | $2,350/mo | $4.76/SF | 3leases | 4units | Comps |
Clear Spirit at the Distillery 70 Distillery Lane | $3,700/mo | $4.11/SF | 3leases | 2units | Comps |
Parliament Square 39 Parliament Street | $2,983/mo | $3.57/SF | 3leases | 1unit | Comps |
Gooderham Condominiums 390 Cherry St | $2,850/mo | $4.12/SF | 2leases | 2units | Comps |
Canary Block 60 Tannery Rd | $2,475/mo | $4.28/SF | 2leases | 1unit | Comps |
Aquabella at Bayside 118 Merchants' Wharf | $3,750/mo | $3.85/SF | 2leases | 1unit | Comps |
Canary Park Condos 120 Bayview Ave | $2,600/mo | $4.33/SF | 1lease | 5units | Comps |
River City III 170 Bayview Ave | $2,295/mo | $4.64/SF | 1lease | 2units | Comps |
Aquavista at Bayside 1 Edgewater Dr | $3,900/mo | $5.20/SF | 1lease | 2units | Comps |
Canary Landing 65 Trinity Street | $3,723/mo | $4.38/SF | 1lease | 2units | Comps |
80 Mill 80 Mill St | $2,150/mo | $3.91/SF | 1lease | 1unit | Comps |
Maple House at Canary Landing 131-181 Mill Street | $2,526/mo | $3.37/SF | 1lease | 0units | Comps |
St. Lawrence Cooperative 70 Mill St | $2,700/mo | $3.00/SF | 1lease | 0units | Comps |
Cherry House at Canary Landing 432 Cherry Street | $2,929(ask) | $4.51 (ask) | 0leases | 1unit | Comps |
Harris Square - River City - 4 21 Lawren Harris Sq | — | — | 0leases | 0units | Comps |
12 - 16 Bonnycastle St
15 Richardson St
20 Richardson St
35 Parliament St
15 Merchants' Wharf
455 Front St E
15 Lower Jarvis St
33 Mill St
35 Rolling Mills Rd / 180 Mill St
155 Merchants' Wharf
425 Front St E
70 Distillery Lane
39 Parliament Street
390 Cherry St
60 Tannery Rd
118 Merchants' Wharf
120 Bayview Ave
170 Bayview Ave
1 Edgewater Dr
65 Trinity Street
80 Mill St
131-181 Mill Street
70 Mill St
432 Cherry Street
21 Lawren Harris Sq
Derived from verified closed lease contracts finalized during September 2026 across multi-residential buildings in East Bayfront.
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.
East Bayfront Rental Market Dynamics & Local Yield Trends
Comprehensive Residential Market & Yield Overview for East Bayfront
As of late September 2026, the East Bayfront submarket in Toronto—concentrated within postal forward sortation area M5A across 25 tracked residential developments—maintains a dynamic leasing environment characterized by steady tenant demand and an active inventory footprint. Public records show 64 closed leases executed over the trailing 30 days based on 64 closed leases over the trailing 30 days, alongside 81 active listings currently available on the market, with an effective average realized rent of $2,725 per month across an average area of 451 square feet (representing a realized price of $4.51 per square foot), alongside 81 active listings currently available on the market with an average asking rent of $3,397 per month. This creates a notable asking-to-realized spread of $672 per month, reflecting a pricing gap where landlord asking targets sit above finalized tenant contracts. When evaluated against the broader Toronto municipal benchmark of $2,821 per month, East Bayfront rents trade at a slight 3.4% discount (representing a dollar variance of $96 per month), making this waterfront pocket a competitive alternative to the city-wide average while offering diverse multi-residential options spanning from efficient studio suites to luxury multi-bedroom penthouses.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in East Bayfront is currently $2,725/month ($4.51/SF), with an average leasing velocity of 22 Days on Market. Compared to the overall Toronto municipal benchmark ($2,820/month), East Bayfront trades at a 3% discount, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Quay House ($2,131/mo) to Aquavista at Bayside ($3,900/mo).
Month Over Month Trends
Month-over-month price adjustments in East Bayfront reflect a notable shift in the composition of closed lease transactions rather than a broad-based market correction. Effective average realized rents moved from $3,180 per month across 68 closed leases in the prior 30-day window to $2,725 per month across 64 closed leases in the current 30-day period, representing a decrease of $455 per month or 14.31%. This month-over-month adjustment was primarily driven by a higher volume of realized transactions settling in more accessible entry-level 1-bedroom and studio layouts during the late-summer period, contrasted against a lower relative volume of luxury multi-bedroom executions compared to the preceding cycle.
Longer Term Trends & Rental Dispersion
Mid-term and historical baseline metrics highlight sustained pricing stability across East Bayfront, supported by a 90-day average realized rent of $2,834 per month across 212 transactions and a historical baseline average of $2,786 per month across 419 total closed leases. Rent dispersion across the submarket illustrates a broad spread between entry-level accommodations and executive waterfront residences: the overall interquartile range indicates that the middle 50% of closed leases settle between $2,150 (25th percentile) and $3,000 (75th percentile) per month, with a median rent of $2,450 per month. Market extremes span from a recorded minimum lease price of $1,600 per month for compact studio configurations up to a maximum of $12,000 per month for premium multi-bedroom penthouse properties.
Currently across East Bayfront's 25 tracked multi-family properties, there are 81 active rental listings with an average asking rent of $3,397/month ($5.13/SF). For closed transactions executed in September 2026, realized lease agreements averaged $2,725/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants searching in East Bayfront should target a monthly budget between $2,150 and $3,000 to secure a property within the submarket's middle 50% pricing band. Renters evaluating layout step-ups will find that transitioning from a standard 1-bedroom suite to a 1-bedroom plus den adds an average of $283 per month (a 12.65% cost increase) for an additional 89 square feet of living space. Stepping up from a 1-bedroom to a standard 2-bedroom configuration requires an average additional investment of $1,235 per month (a 55.21% increase), which yields an extra 278 square feet. Moving from a 2-bedroom to a 2-bedroom plus den adds $414 per month (11.92%) and 140 square feet, while advancing to a 3-bedroom layout represents a substantial step up of $1,930 per month (55.59%) and 353 square feet. With an average days-on-market timeline of 22 days, applicants should move decisively when encountering competitively priced inventory, though the $672 asking-to-realized spread indicates that tenants retain room for negotiation against overpriced active listings.
For Landlords
Condo investors and landlords with assets in East Bayfront must navigate a clear disconnect between aspirational asking prices and finalized lease contracts. With active listings averaging $3,397 per month against closed leases settling at an effective average of $2,725 per month—yielding an asking-to-realized spread of $672 per month—landlords who overprice their units face extended vacancy timelines that exceed the submarket average of 22 days. To maintain competitive absorption and secure qualified tenants within optimal timelines, property owners should anchor their pricing strategies to verified closed lease benchmarks within the middle 50% interquartile range ($2,150 to $3,000 per month for standard configurations) rather than relying on upper-quartile asking ceilings.
For Realtors
Real estate professionals representing clients in East Bayfront are operating in a well-supplied waterfront submarket characterized by 81 active listings and steady leasing liquidity across 25 tracked developments in postal area M5A. Agents should advise tenant clients that properties lease within an average of 22 days—leasing 4 days slower than the broader Toronto municipal benchmark of 18 days, providing a measured window for property evaluation. For landlord representation, managing list-to-lease expectations is paramount given the $672 asking-to-realized spread; brokers should utilize closed transaction comps from the preceding 30 to 90 days to bridge valuation gaps and secure executed lease agreements efficiently.
East Bayfront Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating East Bayfront, Toronto
What is the average rent for a condominium or apartment in East Bayfront, Toronto?
East Bayfront's average realized lease price is $2,725 per month ($4.51 per square foot), based on 64 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of closed leases across the submarket settle between $2,150 and $3,000 per month, with a median rent of $2,450 per month. This positions East Bayfront rents at a 3.4% discount compared to the broader Toronto municipal benchmark average of $2,821 per month.
How much is a 1-bedroom apartment in East Bayfront?
The average rent for a 1-bedroom apartment in East Bayfront, Toronto is $2,270 per month ($4.45 per square foot) based on 30-day tracking through September 2026, while 1-bedroom plus den suites average $2,596 per month ($4.42 per square foot). Most standard 1-bedroom units lease between $2,100 (25th percentile) and $2,350 (75th percentile) per month, with an average size of 525 square feet across historical 180-day comps.
How much is a 2-bedroom apartment in East Bayfront?
The average rent for a 2-bedroom apartment in East Bayfront, Toronto is $3,261 per month ($4.26 per square foot) based on 30-day tracking through September 2026, while 2-bedroom plus den suites average $4,388 per month ($4.09 per square foot). Most 2-bedroom units lease between $2,850 (25th percentile) and $3,500 (75th percentile) per month, representing an average rent step-up of $1,235 per month and an additional 278 square feet compared to standard 1-bedroom configurations.
How much is a 3-bedroom apartment in East Bayfront?
The average rent for a 3-bedroom or larger apartment in East Bayfront, Toronto is $4,900 per month ($7.60 per square foot), based on 30-day tracking data through September 2026. Three-bedroom and larger suites represent a premium, scarce inventory segment in the submarket, with tracked closed transactions averaging 1,156 square feet of living space across the 180-day lookback window.
What are the most affordable and premium condo and apartment buildings in East Bayfront?
Within East Bayfront, Aqualuna at Bayside commands the highest average lease rate at approximately $5,247 per month ($5.32 per square foot across 22 leases), while Canary District offers the most accessible entry point among tracked named developments at around $2,241 per month ($4.34 per square foot across 15 leases).
How does rent in East Bayfront compare to the overall Toronto average?
Rental rates in East Bayfront closely mirror the wider Toronto municipal average, with both benchmarks sitting at $2,821 per month. Properties in East Bayfront spend an average of 22 days on the market—leasing 4 days slower than the broader Toronto municipal benchmark of 18 days.
What are the postal code FSAs for East Bayfront?
Condo and apartment rentals in East Bayfront primarily fall within postal forward sortation areas (FSAs) such as M5A.
How fast do rental units lease in East Bayfront (Days on Market)?
Rental listings in East Bayfront spend an average of 22 days on the market before leasing, based on 30-day tracking through September 30, 2026—leasing 4 days slower than the broader Toronto municipal benchmark of 18 days.
How should landlords price their rental listings in East Bayfront to avoid vacancy loss?
With active listings averaging $3,397 per month against closed leases settling at $2,725 per month—an asking-to-realized spread of $672 per month—landlords should align asking prices with recent closed lease benchmarks rather than aspirational targets to prevent vacancy timelines from exceeding the submarket average of 22 days.
How much more will a unit with a parking spot in East Bayfront rent for versus a unit without one?
Reserved parking in East Bayfront adds an estimated $287 to $1,296 per month across 1-bedroom and 2-bedroom unbundled lease comps, reflecting verified standalone parking premiums in tracked waterfront condominium developments.
Are parking spaces, lockers, and utilities included in East Bayfront rents?
Standard lease agreements in Ontario require renters to set up separate accounts for suite hydro and heating/cooling power. Water service and common amenity upkeep are almost universally included in the owner's monthly maintenance fees.
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