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 September 2026, the Harbourfront submarket in Toronto (postal forward sortation area M5E) maintains a fast-paced leasing environment across its 37 tracked developments. Public records show 45 closed leases over the trailing 30 days yielding an average realized rent of $2,911 per month at an efficiency of $4.28 per square foot, alongside 51 active listings currently on the market with an average asking rent of $3,721 per month. This creates an asking-to-realized spread of $810 per month, reflecting a notable gap between landlord asking targets and executed tenant contracts.
Compared to the broader Toronto municipal benchmark of $2,821 per month, Harbourfront rents command a 3.19% premium (a difference of $90 per month). Properties in this waterfront pocket spend an average of 20 days on the market—leasing 2 days slower than the broader Toronto municipal benchmark of 18 days. The submarket's transaction volume is heavily anchored by 1-bedroom and 1-bedroom plus den suites, which together account for the majority of closed activity across the neighbourhood's multi-residential inventory.
Get a free rent estimate for any Harbourfront condo
Analyze verified lease comps and active asking rates across 37 buildings in Harbourfront.
Active Rental Inventory
Listed and Tracked by FastScreen as of September 2026Current publicly listed rental units and asking prices across Harbourfront
Closed Leases
Transactions that closed in September 2026 across Harbourfront
Harbourfront Rental Rates by Unit Layout
Realized lease pricing, square footage, and pricing spreads across layout configurations based on transactions in September 2026.
Harbourfront Tracked Buildings & Lease Comps
Compare average realized rents, price per square foot ($/SF), active availability, and leasing velocity across tracked condo buildings in Harbourfront, Toronto.
| Action | |||||
|---|---|---|---|---|---|
Sugar Wharf - West Tower 55 Cooper St | $3,059/mo | $4.52/SF | 11leases | 12units | Comps |
Centre - Tower I 16 Yonge St | $2,985/mo | $4.08/SF | 10leases | 3units | Comps |
Sugar Wharf - East Tower 138 Downes St | $2,703/mo | $4.24/SF | 9leases | 8units | Comps |
The Prestige at One Yonge 28 Freeland St | $2,519/mo | $4.07/SF | 4leases | 5units | Comps |
Success Tower at Centre 16 - 18 Harbour St | $3,793/mo | $4.56/SF | 3leases | 8units | Comps |
Quay West at Tip Top 90 Stadium Rd | $3,483/mo | $4.30/SF | 3leases | 4units | Comps |
Centre - Tower II 12 Yonge St | $2,917/mo | $4.08/SF | 3leases | 2units | Comps |
Atrium on Queens Quay 650 Queens Quay W | $2,133/mo | $4.54/SF | 3leases | 1unit | Comps |
III 270 Queens Quay W | $2,975/mo | $3.50/SF | 2leases | 0units | Comps |
500 Queen's Quay West 500 Queens Quay W | $3,000/mo | $3.33/SF | 1lease | 4units | Comps |
Aqua on Queen's Quay 410 Queens Quay W | $2,400/mo | $4.00/SF | 1lease | 1unit | Comps |
Tip Top Lofts 637 Lake Shore Blvd W | $2,650/mo | $4.82/SF | 1lease | 1unit | Comps |
550 Queen's Quay West 550 Queens Quay W | $2,500/mo | $4.17/SF | 1lease | 1unit | Comps |
Ten York 10 York St | $5,800/mo | $4.46/SF | 1lease | 0units | Comps |
Pier 27 - Tower on the Lake 15 Queens Quay E | $3,300/mo | $4.40/SF | 1lease | 0units | Comps |
Waterlink at Pier 27 39 Queens Quay E | $3,050/mo | $4.69/SF | 1lease | 0units | Comps |
Pier 27 I 29 Queens Quay E | $3,800/mo | $4.22/SF | 1lease | 0units | Comps |
Queen's Harbour 600 Queens Quay W | $2,600/mo | $4.73/SF | 1lease | 0units | Comps |
King's Landing 460-480 Queens Quay W | $3,800/mo | $3.17/SF | 1lease | 0units | 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 - East Tower 88 Harbour St | — | — | 0leases | 0units | Comps |
Harbour Plaza Residences - West Tower 100 Harbour St | — | — | 0leases | 0units | Comps |
33 Bay Residences at Centre 33 Bay 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 |
Waterclub I 8 York St | — | — | 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 |
Harbourpoint - Phase II 260 Queens Quay W | — | — | 0leases | 0units | Comps |
Harbourpoint - Phase I 250 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
16 Yonge St
138 Downes St
28 Freeland St
16 - 18 Harbour St
90 Stadium Rd
12 Yonge St
650 Queens Quay W
270 Queens Quay W
500 Queens Quay W
410 Queens Quay W
637 Lake Shore Blvd W
550 Queens Quay W
10 York St
15 Queens Quay E
39 Queens Quay E
29 Queens Quay E
600 Queens Quay W
460-480 Queens Quay W
10 Yonge St
77 Harbour Sq
88 Harbour St
100 Harbour St
33 Bay St
55 - 65 Harbour Sq
33 Harbour Sq
228 - 230 Queens Quay W
208 Queens Quay W
8 York St
99 Harbour Sq
218 Queens Quay W
10 Queens Quay W
260 Queens Quay W
250 Queens Quay W
401 Queens Quay W
211 Queens Quay W
251 Queens Quay W
Derived from verified closed lease contracts finalized during September 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 September 2026, the Harbourfront submarket in Toronto (postal forward sortation area M5E) maintains a fast-paced leasing environment across its 37 tracked developments. Public records show 45 closed leases over the trailing 30 days yielding an average realized rent of $2,911 per month at an efficiency of $4.28 per square foot, alongside 51 active listings currently on the market with an average asking rent of $3,721 per month. This creates an asking-to-realized spread of $810 per month, reflecting a notable gap between landlord asking targets and executed tenant contracts.
Compared to the broader Toronto municipal benchmark of $2,821 per month, Harbourfront rents command a 3.19% premium (a difference of $90 per month). Properties in this waterfront pocket spend an average of 20 days on the market—leasing 2 days slower than the broader Toronto municipal benchmark of 18 days. The submarket's transaction volume is heavily anchored by 1-bedroom and 1-bedroom plus den suites, which together account for the majority of closed activity across the neighbourhood's multi-residential inventory.
Submarket Pricing Density & Municipal Benchmark Spread
The realized average lease rate in Harbourfront is currently $2,911/month ($4.28/SF), with an average leasing velocity of 20 Days on Market. Compared to the overall Toronto municipal benchmark ($2,820/month), Harbourfront trades at a 3% 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 ($2,133/mo) to Ten York ($5,800/mo).
Month Over Month Trends
Month-over-month rental rates in Harbourfront adjusted slightly downward by $24, or -0.82%, shifting from an average realized lease price of $2,935 per month across 66 closed transactions in the prior 30-day period to $2,911 per month across 45 closed transactions in the latest 30-day window. This minor adjustment is primarily driven by monthly fluctuations in unit sizing mix and a slightly higher concentration of entry-level 1-bedroom leases relative to larger multi-bedroom contract executions during the late-September reporting cycle.
Longer Term Trends & Rental Dispersion
Mid-term performance indicators show exceptional pricing stability across Harbourfront, with 90-day realized averages resting at $2,956 per month and 180-day baselines holding steady at $2,957 per month. Long-term historical averages mirror this baseline at $2,957 per month across all tracked historical leases.
Rent dispersion across the submarket's 349 total historical transactions illustrates a broad pricing spectrum. The overall interquartile range indicates that the middle 50% of the market leases between $2,350 and $3,300 per month, with a median realized rent of $2,650 per month. Harbourfront's wider price extremes range from an entry-level low of $1,500 per month to a peak monthly lease rate of $8,100 per month, capturing both compact rental options and luxury waterfront penthouse transactions.
Currently across Harbourfront's 37 tracked multi-family properties, there are 51 active rental listings with an average asking rent of $3,721/month ($5.20/SF). For closed transactions executed in September 2026, realized lease agreements averaged $2,911/month, representing real-world contract values negotiated between property owners and prospective tenants.
For Renters
Prospective tenants targeting Harbourfront should prepare for a competitive urban leasing environment where well-priced suites secure tenants swiftly. Renters can expect the middle 50% of the market to range between $2,350 and $3,300 per month. Stepping up from a standard 1-bedroom suite (averaging $2,381 per month on a historical basis) to a 2-bedroom suite (averaging $3,587 per month) requires an average monthly rent step-up of $1,206 per month (or 50.65%), providing an additional 298 square feet of living space. Upgrading from a 2-bedroom to a 3-bedroom layout adds an average of $938 per month. With an average days-on-market timeline of 20 days, applicants should have documentation and deposits ready, noting that parking premiums in unbundled leases can add hundreds of dollars to monthly commitments.
For Landlords
Condo investors and landlords operating in Harbourfront must navigate a notable disconnect between aspirational asking prices and executed market contracts. With active listings averaging $3,721 per month against closed leases averaging $2,911 per month, owners who overprice their suites risk extending their vacancy timeline well beyond the submarket's 20-day average. To maintain liquidity and avoid extended holding costs, landlords should anchor their pricing strategies strictly to verified realized benchmarks within their specific building rather than relying on top-of-market asking comparables.
For Realtors
Real estate professionals representing clients in Harbourfront must manage client expectations around list-to-lease spreads. The data demonstrates a persistent $810 per month spread between active asking averages and closed lease figures, driven by premium-priced inventory lingering on the MLS. Agents should advise tenant clients to target properties aligned with median benchmarks, while guiding landlord clients to price competitively within the established $2,350 to $3,300 per month middle 50% range to secure qualified applicants within the 20-day average absorption window.
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 $2,911 per month ($4.28/sqft), based on 45 recorded transactions over the trailing 30 days ending September 30, 2026. The middle 50% of the market spans from $2,350 to $3,300 per month, positioning Harbourfront's rental rates at a 3.19% premium compared to the broader Toronto municipal average of $2,821 per month.
How much is a 1-bedroom apartment in Harbourfront?
The average rent for a 1-bedroom apartment in Harbourfront, Toronto is $2,381 per month ($4.53/sqft) based on historical data, while 1-bedroom plus den suites average $2,644 per month based on trailing historical data. Most 1-bedroom units lease between $2,250 and $2,419 per month, with an average size of 542 square feet.
How much is a 2-bedroom apartment in Harbourfront?
The average rent for a 2-bedroom apartment in Harbourfront, Toronto is $3,587 per month ($4.53/sqft) based on historical data, while 2-bedroom plus den suites average $3,637 per month. Most 2-bedroom units lease between $3,200 and $3,500 per month, representing a $1,206 per month price increase and a 298-square-foot expansion compared to standard 1-bedroom configurations.
How much is a 3-bedroom apartment in Harbourfront?
The average rent for a 3-bedroom apartment in Harbourfront, Toronto is $4,525 per month ($4.22/sqft), based on historical trailing data. Three-bedroom suites represent a scarce inventory segment in the submarket, with an average tracked size of 1,088 square feet and closed lease contracts ranging from $3,600 to $5,800 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 at around $2,283 per month across tracked developments.
How does rent in Harbourfront compare to the overall Toronto average?
Harbourfront rents average $2,911 per month, which is higher than the overall Toronto average of $2,821 per month (a spread of $90 or 3.19%). Properties in Harbourfront spend an average of 20 days on the market—leasing 2 days slower than the broader Toronto municipal benchmark of 18 days.
What are the postal code FSAs for Harbourfront?
Condo and apartment rentals in Harbourfront primarily fall within postal forward sortation areas such as M5E.
How fast do rental units lease in Harbourfront (Days on Market)?
Rental listings in Harbourfront spend an average of 20 days on the market before leasing, based on 30-day tracking through September 30, 2026—leasing 2 days slower than the broader Toronto municipal benchmark of 18 days.
How should landlords price their rental listings in Harbourfront to avoid vacancy loss?
With active listings averaging $3,721 per month against closed leases at $2,911 per month—an asking-to-realized spread of $810 per month—landlords should align their pricing strategies with recent closed lease benchmarks rather than aspirational asking rates to prevent vacancy periods from exceeding the submarket's 20-day average.
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 $326 to $838 per month across 1-bedroom and 2-bedroom layouts, respectively, based on verified unbundled lease comps.
Are parking spaces, lockers, and utilities included in Harbourfront rents?
Across most Ontario condominium developments, suite electricity and climate energy are individually metered and paid by the tenant, whereas water and building maintenance are covered by the owner's condo fees.
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