East Bayfront Rental Comps & Market Trends
Access granular residential building comps, verified lease benchmarks, and real-time inventory for 25 tracked properties across East Bayfront, Toronto.
Active Rental Inventory
Listed and Tracked by FastScreen as of August 2026Current publicly listed rental units and asking prices across East Bayfront
Closed Leases
Transactions that closed in August 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 August 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 | |||||
|---|---|---|---|---|---|
Waterfront Lighthouse East Tower 20 Richardson St | $2,556/mo | $4.52/SF | 8leases | 7units | Comps |
Waterfront - Lighthouse Tower 15 Lower Jarvis St | $2,457/mo | $4.55/SF | 7leases | 11units | Comps |
Aqualuna at Bayside 155 Merchants' Wharf | $7,029/mo | $4.17/SF | 7leases | 10units | Comps |
Quay House 15 Richardson St | $2,175/mo | $4.25/SF | 4leases | 16units | Comps |
Canary Commons 35 Rolling Mills Rd / 180 Mill St | $3,313/mo | $5.78/SF | 4leases | 1unit | Comps |
Gooderham Condominiums 390 Cherry St | $2,400/mo | $4.24/SF | 4leases | 1unit | Comps |
River City III 170 Bayview Ave | $2,500/mo | $4.82/SF | 3leases | 3units | Comps |
The Goode 35 Parliament St | $3,050/mo | $4.33/SF | 2leases | 3units | Comps |
Canary Park Condos 120 Bayview Ave | $3,075/mo | $4.10/SF | 2leases | 2units | Comps |
Pure Spirit at The Distillery 33 Mill St | $3,125/mo | $7.20/SF | 2leases | 0units | Comps |
Canary Block 60 Tannery Rd | $2,725/mo | $3.63/SF | 2leases | 0units | Comps |
Parliament Square 39 Parliament Street | $2,475/mo | $3.54/SF | 2leases | 0units | Comps |
Monde 12 - 16 Bonnycastle St | $2,300/mo | $3.29/SF | 1lease | 13units | Comps |
Aquavista at Bayside 1 Edgewater Dr | $2,400/mo | $6.00/SF | 1lease | 3units | Comps |
Aqualina at Bayside Toronto 15 Merchants' Wharf | $2,450/mo | $4.45/SF | 1lease | 2units | Comps |
Canary House 425 Front St E | $2,100/mo | $5.25/SF | 1lease | 2units | Comps |
Aquabella at Bayside 118 Merchants' Wharf | $3,800/mo | $4.00/SF | 1lease | 2units | Comps |
Canary District 455 Front St E | $2,200/mo | $4.00/SF | 1lease | 1unit | Comps |
Clear Spirit at the Distillery 70 Distillery Lane | $3,300/mo | $3.88/SF | 1lease | 1unit | Comps |
80 Mill 80 Mill St | $2,600/mo | $4.00/SF | 1lease | 1unit | Comps |
Canary Landing 65 Trinity Street | $3,439(ask) | $4.65 (ask) | 0leases | 4units | Comps |
Maple House at Canary Landing 131-181 Mill Street | $3,925(ask) | $3.57 (ask) | 0leases | 1unit | 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 |
St. Lawrence Cooperative 70 Mill St | — | — | 0leases | 0units | Comps |
20 Richardson St
15 Lower Jarvis St
155 Merchants' Wharf
15 Richardson St
35 Rolling Mills Rd / 180 Mill St
390 Cherry St
170 Bayview Ave
35 Parliament St
120 Bayview Ave
33 Mill St
60 Tannery Rd
39 Parliament Street
12 - 16 Bonnycastle St
1 Edgewater Dr
15 Merchants' Wharf
425 Front St E
118 Merchants' Wharf
455 Front St E
70 Distillery Lane
80 Mill St
65 Trinity Street
131-181 Mill Street
432 Cherry Street
21 Lawren Harris Sq
70 Mill St
Derived from verified closed lease contracts finalized during August 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
East Bayfront is an established residential submarket within Toronto, comprising 25 tracked condominium and multi-family properties. The neighbourhood benefits from strong local demand, proximity to regional employment nodes, and accessible neighborhood commercial amenities.
Transportation throughout East Bayfront is anchored by municipal transit connections, primary arterial thoroughfares, and nearby regional highways, connecting residents efficiently across Toronto and the wider Greater Toronto Area.
The residential inventory in East Bayfront features a balanced mix of contemporary condominium developments and established multi-residential suites, offering versatile floor plans tailored to individuals, couples, and working professionals.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in East Bayfront is currently $3,199/month ($4.53/SF), with an average leasing velocity of 22 Days on Market. Compared to the overall Toronto municipal benchmark ($2,770/month), East Bayfront trades at a 15% price premium, reflecting local transit connectivity, tenant demand, and building amenity standards. Within the submarket, building-level lease rates range from Canary House ($2,100/mo) to Aqualuna at Bayside ($7,029/mo).
Currently across East Bayfront's 25 tracked multi-family properties, there are 85 active rental listings with an average asking rent of $3,367/month ($4.80/SF). For closed transactions executed in August 2026, realized lease agreements averaged $3,199/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Evaluate both verified closed lease comps and active asking prices across East Bayfront to pinpoint value. Units featuring included parking stalls and private balconies represent high-utility assets. With an average of 22 days on market, prepare pre-verified credit reports, proof of employment, and deposit drafts prior to viewings. Check building construction completion dates to confirm Ontario rent control guideline applicability.
For Landlords
Aligning initial asking rents with recent 30-day closed transactions rather than speculative active listings prevents extended vacancy periods and protects net operating income. At an average rent of $3,199/mo, each day of vacancy costs $107/day. Pricing your listing accurately to 30-day verified comps eliminates costly extended marketing periods and protects your annual net operating income.
For Realtors
Review building-level historical lease velocity and $/SF trends in East Bayfront to prepare comprehensive, defensible comparative market analyses for clients. Utilize granular building-level $/SF comps across East Bayfront's 25 properties when preparing client CMAs. Highlight transit walking times, parking inclusions, and balcony square footage to command premium tenant interest.
East Bayfront Rental Market & Leasing FAQs
Essential insights for tenants, property owners, and real estate professionals navigating East Bayfront, Toronto
Based on lease transactions tracked by FastScreen in August 2026 across 25 tracked condominium and apartment buildings in East Bayfront, realized rents by unit layout average:
- Studio / Bachelor:$1,938/mo($4.71/SF · 412 SF)+$54 vs Toronto avg
- 1-Bedroom:$2,273/mo($4.64/SF · 508 SF)+$2 vs Toronto avg
- 1-Bedroom + Den:$2,636/mo($4.07/SF · 653 SF)+$171 vs Toronto avg
- 2-Bedroom:$3,982/mo($4.53/SF · 930 SF)+$935 vs Toronto avg
- 2-Bedroom + Den:$4,500/mo($4.27/SF · 1040 SF)+$1,176 vs Toronto avg
- 3-Bedroom+:$6,767/mo($6.19/SF · 1471 SF)+$2,612 vs Toronto avg
Overall market leasing across all unit layouts averaged $3,199/month ($4.53/SF) with an average of 22 Days on Market. Active rental listings currently average $3,367/month ($4.80/SF) for an average unit size of 710 SF.
Explore Other Toronto Submarkets
Compare neighbourhood comps and rental rates for leased units across Toronto against East Bayfront