Buying in Waterfront & CityPlace
Waterfront & CityPlace real estate: avg $715K in Feb 2026. Lakefront condos, transit, island views. Full market stats and neighbourhood guide.
Avg. Price
$715,000
-8.2% YoY
Median Price
$648,000
Sales / Month
120
Feb 2026
Days on Market
42
Buyer's Market
The Vibe
CityPlace and the Waterfront strip form Toronto's most dramatic lakeside living experience. Glass condo towers frame sweeping views of Lake Ontario and the Islands. The area has matured beyond its early reputation, with improved streetcar service, waterfront parks, and a growing restaurant scene along Queens Quay. Prices remain among the most accessible downtown, making it a popular entry point.
Who Lives Here
- Population
- 35,800
- Growth
- +22.1% (2016-2021)
- Median Income
- $78,000
- Ownership Rate
- 45%
- Avg. Household Size
- 1.8
- Median Age
- 34
Community
Source: Census 2021, Statistics Canada
Who It's Good For
The types of buyers who tend to thrive in Waterfront & CityPlace.
Lakefront Living
Wake up to lake views, walk the boardwalk, and enjoy one of Toronto's most scenic settings.
Investors
Short-term and long-term rental demand is strong from tourists and professionals drawn to the waterfront.
Downsizers
Efficient condo layouts with premium amenities and low-maintenance living near the city's cultural core.
Price Breakdown by Home Type
Average selling prices in Waterfront & CityPlace based on TRREB MLS data for February 2026.
| Home Type | Average Price | YoY Change |
|---|---|---|
| Condo Apartment | $665,000 | -8.5% |
| Townhouse | $920,000 | -6.0% |
Source: Toronto Regional Real Estate Board (TRREB), Market Watch February 2026. Year-over-year change compared to February 2025.
Market Health
Key indicators showing whether Waterfront & CityPlace currently favours buyers or sellers.
SNLR
29.3%
Buyer's Market
Below 40% = buyer's market
Months of Inventory
5.8
Balanced supply levels
Avg. SP/LP
96%
Below asking — room to negotiate
Days on Market
35
LDOM
42
PDOM
Listing vs. property days on market
Neighbourhoods in Waterfront & CityPlace
Waterfront & CityPlace encompasses several distinct communities, each with its own character and housing stock.
CityPlace
High-density condo cluster between the Gardiner and the waterfront with integrated amenities.
Queens Quay West
Redesigned boulevard with separated bike lanes, the Harbourfront Centre, and cultural venues.
Bathurst Quay
Quieter waterfront pocket near Billy Bishop Airport with community parks and schools.
Spadina Quay
Gateway area connecting Spadina Avenue to the harbour, with new mixed-use developments.
Also known as
Harbourfront Centre · Queens Quay · Bathurst Quay · Fort York · CityPlace · Spadina Quay
Getting Around
Transit, walkability, and commute information for Waterfront & CityPlace.
The Waterfront is served by the 509 and 510 streetcars along Queens Quay, with Union Station a short walk north for subway, GO, and VIA connections.
Major Transit Lines
Commute to Downtown Toronto: 5-10 min by streetcar to Union Station
93
Walk Score
97
Transit Score
85
Bike Score
Local Scene
What's on your doorstep when you buy in Waterfront & CityPlace.
Food & Dining
Amsterdam BrewHouse
Massive lakeside brewpub with stunning patio views
Against the Grain
Urban park restaurant with burgers and local craft beer
Pearl Diver
Seafood-focused spot on Adelaide with nautical vibes
RCYI
Royal Canadian Yacht Club's lakefront dining experience
Il Fornello
Italian restaurant with Queens Quay waterfront patio
Miku Toronto
Premium aburi sushi with harbour views
Attractions & Amenities
Harbourfront Centre
Year-round arts, culture, and festivals on the waterfront
Toronto Islands Ferry
Ferry terminal to the Toronto Islands park system
Queens Quay Waterfront Trail
Scenic cycling and walking path along the lakeshore
Power Plant Contemporary Art Gallery
Leading contemporary art gallery in a converted power station
HTO Park
Urban beach with Muskoka chairs and lake views
Billy Bishop Airport
Unique island airport with Porter Airlines service
Schools
School options available for families buying in Waterfront & CityPlace.
4
Public Schools
2
Catholic Schools
1
French Immersion
2
Private Schools
Frequently Asked Questions
Common questions from buyers considering Waterfront & CityPlace.
As of February 2026, the average price is $715,000, primarily condos averaging $665,000. This makes it one of the more affordable downtown options.
Nearby Areas
Explore other areas close to Waterfront & CityPlace.
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